GlobeSt.com: What does the Mack-Cali transaction mean for Gale?
Hynes:The Gale Co. has transitioned over the past few years with its global platform we're calling Gale International. It started with our New Songdo City project five years ago. The activity level over there is growing and the focus and demands on our time are increasing. As that became a bigger ongoing concern we still continued to run the Gale Services Co. out of Florham Park, NJ. As luck would have it--it wasn't premeditated or any big strategy play--the capital markets are always looking for stable assets and Mack-Cali approached Stan Gale a few months ago to talk about the New Jersey portfolio. It made sense to cut that one loose and concentrate further on the international program. It made all the sense in the world.
GlobeSt.com: What's left in New Jersey?
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