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CLI - Mack-Cali sells Red Bank Office portfolio for $84 Million
Mack-Cali Realty Corporation
Mack-Cali Realty (CLI) announces the $84 million sale of River Centre, a 639,490 sq. ft. office portfolio in Red Bank, New Jersey, to First Mile Properties.The proceeds will be used towards repayment of the Company's term loan.d Mahbod Nia, Chief Executive Officer: "We remain focused on concluding the remaining asset sales to meet our objectives of streamlining the business, strengthening our balance sheet and creating value for our shareholders."