This article was updated at 5:12 p.m. on 10/17/2017 to include a list of the properties in the portfolio.
MOORESTOWN AND BURLINGTON, NJ—Mack-Cali Realty Corporation has sold a 26-building, 1.2 million-square-foot office/flex portfolio in Moorestown and Burlington, NJ, to Brennan Investment Group, a Chicago-based private real estate investment firm that acquires, develops and operates industrial properties in select major metropolitan markets throughout the United States. The price was not disclosed.
A Holliday Fenoglio Fowler team led by senior managing directors José Cruz and Doug Rodio and managing directors Brett Segal and Kevin O'Hearn marketed the portfolio on behalf of Mack-Cali. Brennan Investment Group purchased the portfolio free and clear of any mortgage financing.
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