NJBIZ.com - February 22, 2007
Mack-Cali Realty (NYSE: CLI) in Edison today said it was selected by Wyndham Worldwide (NYSE: WYN) to develop the hospitality company’s new corporate headquarters. The three-story, 250,000-square-foot office building will be built on Sylvan Way at the Mack-Cali Business Campus in Parsippany.
Wyndham has already signed a 15-year lease on the building, according to Mack-Cali. Parsippany-based Wyndham currently occupies 1 Sylvan Way, 7 Sylvan Way and 10 Sylvan Way at the campus. It will continue to occupy space at 7 Sylvan Way; however, the other locations have been leased, says Mack-Cali.
Financial terms of the deal were undisclosed. HLW International will serve as lead architect on the project.
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