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Article: Mack-Cali Announces Agreements in Principle to Acquire Major Competitor - The Gale Real Estate Services Company - Plus Interests in Large New Jersey Office Property Portfolio in Transactions Totaling $545 Million.(Company Profile)
- Article from:
- Business Wire
- Article date:
- February 16, 2006
CopyrightCOPYRIGHT 2006 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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CRANFORD, N.J. -- Mack-Cali Realty Corporation (NYSE: CLI):
--Acquisition of The Gale Real Estate Services Company Would Add Third-Party Services Platform
--Mack-Cali Expected to Assume Ownership Interests in 2.8 Million Square Feet of Office Properties
--Deals Expected to Build on Mack-Cali's Dominant Market Position in New Jersey
Mack-Cali Realty Corporation (NYSE: CLI) today announced it has reached agreements in principle to acquire The Gale Real Estate Services Company, a major privately-owned real estate services company based in New Jersey, and to add approximately 2.8 million square feet of office properties to its New Jersey ...