CLI - Mack-Cali Realty adds up $61M to its suburban assets sale

Mack-Cali Realty (CLI) announces $61M sale of its 581 Main Street office building in Woodbridge Township, NJ.The transaction continues Mack-Cali's ongoing strategic sale of its suburban assets, adding to its recent sale of 7 Campus Drive in Morris County, NJ for $12.75M.""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," says MaryAnne Gilmartin, Board Chair and Interim CEO of Mack-Cali Realty. "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."

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Mack-Cali Realty adds up $61M to its suburban assets sale