Cushman & Wakefield’s New Jersey capital markets team orchestrated the sale of 99 Wood Ave. S. in Iselin.
Mack-Cali Realty Corp. purchased the 271,988-square-foot, Class A office tower from a private real estate investment firm.
The property location offers multiple amenities, including a renovated full-service cafeteria, a newly constructed fitness center with locker rooms, 24/7 security and a three-story parking structure.
99 Wood Ave. S. is located adjacent to the APA Hotel Woodbridge, and within walking distance of Metropark Station’s Amtrak and NJ Transit rail and bus service to New York City and beyond. The building shares a parking deck with 101 Wood Ave. S. Mack-Cali purchased that property in a previous transaction also orchestrated by the New Jersey capital markets team.
Cushman & Wakefield’s Andrew Merin led the transaction along with team members Gary Gabriel, David Bernhaut, Kyle Schmidt and Kubby Tischler.
At the time of the sale, 99 Wood Ave. S. was 84 percent leased, with a roster of tenants that include Citibank, Wells Fargo, Ernst & Young, Greenbaum Rowe Smith & Davis, and Cushman & Wakefield.