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Mack-Cali Sells Eight-Building Cranford/Clark Portfolio for $87M

CRANFORD AND CLARK, NJ—The portfolio is approximately 75-percent leased and consists of eight office buildings totaling 822,730 square feet located at the four-way interchanges of Exits 135 & 136 of the Garden State Parkway.

By Steve Lubetkin | stevelubetkin | Updated on February 08, 2017

Buildings in the Mack-Cali "Commerce Portfolio," in Clark and Cranford, NJ Buildings in the Mack-Cali “Commerce Portfolio,” in Clark and Cranford, NJ

CRANFORD AND CLARK, NJ—Mack-Cali Realty Corp. has sold its Commerce Office Portfolio in Cranford and Clark, NJ for $87 million to Signature Acquisitions, which will locate its headquarters within the portfolio.

Jeffrey Dunne, Kevin Welsh, and Brian Schulz of CBRE Institutional Properties worked with Jeremy Neuer of CBRE’s East Brunswick office to represent Mack-Cali in the $87 million sale of the properties.

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