Mack-Cali Realty Corporation Advances Suburban Disposition Strategy JERSEY CITY, N.J. , Oct. 26, 2020 |PRNewswire| -- Mack-Cali Realty Corporation (NYSE: CLI ) announced today that it has completed the sale of 5 Vaughn Drive in Princeton, NJ to American Equity Partners for a total of $7.5 million . "We continue to make great progress on our divestment strategy, which includes shedding suburban assets and fortifying our balance sheet," said MaryAnne Gilmartin , Board Chair and Interim Chief Executive Officer of Mack-Cali Realty Corporation. "We will remain diligent in our efforts to reduce corporate debt and re-focus on our core assets, including Harborside and multifamily assets across the region." 5 Vaughn Drive is a nearly 100,000-square-foot, Class A office building within the Princeton Metro Center complex, which … Full story available on Benzinga.com