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Mack-Cali Sells Two Office Buildings in Southern New Jersey

The buildings, which together have 80,344 square feet, were sold to an entity controlled by Ron DePietro of Haddonfield.Mack-Cali Realty Corp. (NYSE: CLI) of Edison today announced that it sold two office buildings in Egg Harbor Township for a total of about $12.5 million. The buildings, which together have 80,344 square feet, were sold to an entity controlled by Ron DePietro of Haddonfield. The buildings are fully leased to Computer Sciences Corp.

Mitchell E. Hersh, Mack-Cali president and CEO said, “As these buildings were our only assets in Atlantic County, this sale allows us to capitalize on the current favorable investment sales climate and exit a non-core market.

Mack-Cali currently owns or has interests in 300 properties in the Northeast totaling approximately 34.7 million square feet and leased to 2,200 tenants

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