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Mack-Cali selling office/flex portfolio for $488M

Feb 28, 2019 - SNL Real Estate Daily
Mergers and Acquisitions

Mack-Cali Realty Corp. said certain subsidiaries of its limited partnership agreed to sell a portfolio of 56 office/flex buildings to a Robert Martin Co. affiliate for $487.5 million.

The portfolio contains assets spread across Westchester County, N.Y., and Stamford, Conn., aggregating approximately 3.1 million square feet.

The deal is expected to close during the first half.