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Article: Mack-Cali Announces Strategic Real Estate Transaction with Leading Tenant.
- Article from:
- Business Wire
- Article date:
- June 2, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
CRANFORD, N.J.--(BUSINESS WIRE)--June 2, 2004
Deal Covers 13 Buildings and Includes Acquisitions, Leases and
the Assumption of Lease Obligations
Mack-Cali Realty Corporation (NYSE: CLI) today announced a strategic real estate transaction with a leading Fortune 500 company and Mack-Cali tenant involving 13 office buildings and 2.5 million square feet of space.
The transaction includes Mack-Cali's acquisition of five New Jersey office buildings and the seller's leaseback of a portion of these buildings, a lease extension at one of Mack-Cali's New Jersey office buildings, and Mack-Cali's assumption of a portion ...