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Onyx Equities Acquires 1.5m SF Office Portfolio in Morris County, New Jersey
Friday 18 September 2020

New Jersey, US based real estate firm Onyx Equities has partnered with Taconic Capital Advisors, L.P., Axonic Capital LLC, and Machine Investment Group to acquire acquired a 10 building, 1.5m square foot office portfolio located in Morris County, New Jersey, from Mack-Cali, the company said.

Terms of the transaction were not disclosed.

The acquisition of the Morris County office portfolio is the largest office transaction in New Jersey and one of the largest in US since beginning of COVID-19.

The Morris County office portfolio consists of nine buildings in Parsippany and one building in Madison and complements Onyx's already diverse base of office holdings throughout the state of New Jersey.

Onyx Equities' suburban office portfolio includes a diverse base of office buildings in New Jersey, Westchester County, and Long Island.

Jones Lang Lasalle facilitated the transaction.

Onyx Equities, LLC is a full-service real estate firm specialising in investment, asset repositioning and ground-up development.

Since its founding in 2004, Onyx has acquired more than USD 2.3bn worth of real estate assets throughout New Jersey, New York, Pennsylvania and Connecticut.
Date Published: 18/09/2020