Mack-Cali Announces $61 Million Sale of 581 Main Street in Woodbridge Township, NJ
JERSEY CITY, N.J. , Dec. 3, 2020 |PRNewswire| -- Mack-Cali Realty Corporation (NYSE: CLI ) today announced the disposition of 581 Main Street, a 203,335-square-foot office building in Woodbridge Township, NJ . The transaction continues Mack- Cali's ongoing strategic sale of its suburban assets. The Company recently announced the sale of 7 Campus Drive in Morris County, NJ for $12.75 million . "As we've said before, we will continue to divest our suburban office assets and are encouraged by the activity we've seen to-date," said MaryAnne Gilmartin , Board Chair and Interim Chief Executive Officer of Mack- Cali . "In addition, we remain laser focused on the repositioning of Harborside and working with our existing tenants to support them as employees look to return to the office." 581 Main Street benefits from several recently completed capital improvement projects, including a complete lobby renovation and the addition of a new cafe and … Full story available on Benzinga.com
Mack-Cali Announces $61 Million Sale of 581 Main Street in Woodbridge Township, NJ
JERSEY CITY, N.J. , Dec. 3, 2020 |PRNewswire| -- Mack-Cali Realty Corporation (NYSE: CLI ) today announced the disposition of 581 Main Street, a 203,335-square-foot office building in Woodbridge Township, NJ . The transaction continues Mack- Cali's ongoing strategic sale of its suburban assets. The Company recently announced the sale of 7 Campus Drive in Morris County, NJ for $12.75 million . "As we've said before, we will continue to divest our suburban office assets and are encouraged by the activity we've seen to-date," said MaryAnne Gilmartin , Board Chair and Interim Chief Executive Officer of Mack- Cali . "In addition, we remain laser focused on the repositioning of Harborside and working with our existing tenants to support them as employees look to return to the office." 581 Main Street benefits from several recently completed capital improvement projects, including a complete lobby renovation and the addition of a new cafe and … Full story available on Benzinga.com