Mack-Cali Realty assigns Holliday Fenoglio Fowler to sell 1.2m sqf NJ portfolio

1 February 2017

Mack-Cali Realty Corporation has tapped Holliday Fenoglio Fowler for the disposition of a 26-building, 1.2 million-square-foot office/flex portfolio in Moorestown and Burlington Townships, New Jersey. The portfolio encompasses 24 buildings in Moorestown and two buildings in Burlington Township that are 91 percent leased. Tenants include businesses in health care services, pharmaceutical/clinical packaging and medical supplies. The properties are situated within two of the area’s top business parks near the Pennsylvania/New Jersey border and are being sold free and clear of any mortgage financing. The HFF investment sales team representing the seller is led by senior managing directors Jose Cruz and Doug Rodio, managing director Brett Segal and associate director Marc Duval.

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