Real Estate

Mack-Cali Sells Wyndham Headquarters Property for $96.6 Million

Parsippany company gets new landlord.

Just days after being named among the nation’s most diverse companies, Wyndham Worldwide in Parsippany just got a new landlord.

Mack-Cali sold the commercial property at 22 Sylvan Way to Griffin Capital Corp., it announced in a statement. The deal is worth $96.6 million, and in addition to the exchange, Griffin is assuming responsibility for approximately $7 million in future tenant improvement allowance and commission obligations, the statement read.

The building was constructed in 2009, Mack-Cali said, and now has a three-story, 249,409-square-foot office building.  

Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.


Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

We’ve removed the ability to reply as we work to make improvements. Learn more here