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Mack-Cali to sell portfolio of 26 buildings in New Jersey townships

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Mack-Cali to sell portfolio of 26 buildings in New Jersey townships

Mack-Cali Realty Corp. is looking to sell a 1.2 million-square-foot office/flex portfolio of leased buildings in New Jersey.

Being placed on the market are 24 buildings in Moorestown and two others in Burlington — both New Jersey townships — which are leased to businesses catering to healthcare services, pharmaceutical/clinical packaging and medical supplies, according to HFF Inc., which is helping the company to market the portfolio.

HFF Senior Managing Director Jose Cruz said the portfolio attracted a "significant" amount of interest from market players because of its size and potential upside, being located within two of the top business parks near the Pennsylvania/New Jersey border.