Mack-Cali Realty Corp. has sold its four-property, Metropark portfolio for $254 million to Opal Holdings.
The four office buildings comprise 945,906 square feet of space, located at 99 and 101 Wood Ave. South in Iselin, NJ, and 333 and 343 Thornall St. in Edison, NJ.
The properties recently underwent capital improvement projects. The portfolio is currently more than 90% leased to blue chip tenants.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
