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Sylvan Way building was part of a 10-buidling, Morris County Mack-Cali office portfolio acquired by Onyx, announced in September 2020.

Onyx Equities closes on 10-building, Morris County Mack-Cali office portfolio (updated) (access required)

"If you look at the stuff that we've done - Jersey City, Newark, Bergen County and Morris County, specifically now Parsippany in Morris County, which years ago was the epicenter - these assets have plenty of potential in the office market now which are experiencing an intermediate term shift right now out of the city and into the suburbs," said Managing Principal John Saraceno Jr. "We're seeing it. I think we will sort of all experience that at least for the next year or two. And I think Parsippany could be the beneficiary."

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