Mack-Cali Realty Corporation announced the acquisition 3 Sylvan Way, an empty 147,241-square-foot, three-story, class A office building located in Parsippany, New Jersey. This acquisition enhances the company's holdings at the 600-acre Mack-Cali Business Campus, which includes 15 class A office properties totaling approximately 2.1 million square feet of space. 3 Sylvan Way features 50,000-square-foot floor plates with a saw-tooth design and large, open spaces providing great natural light.

Along with One and 5 Sylvan Way, the buildings share a connected, below-grade parking structure which acts as a protected walkway and provides easy access for tenants to utilize amenities across the complex. The buildings will be repositioned as an interconnected three-building mini campus, as part of the overall Campus. The buildings will undergo significant renovations to bring tenants important upgrades.

The capital investment plan includes lobby renovations, the creation of a full-service fitness center with yoga rooms and a golf simulator, an upgraded business-class conference center, and numerous dining options, including a full-service cafe and coffee bar. Mack-Cali Business Campus is ideally located at the nexus of I-287 and routes 10 and 202, and offers shuttle service to the nearby Morris Plains train station. Among the improvements that Mack-Cali Business Campus is slated to undergo are the introduction of multiple new amenities including: Interconnected pathways/walking jogging trails; Enhanced dining options, including new on-campus restaurant pad sites; Wegmans supermarket, scheduled to open in 2017; The introduction of a "food truck park" in the center of the Campus; Improved outdoor community spaces; New and expanded fitness centers and conference facilities; Renovated building lobbies; and New signage and branding.