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Article: Mack-Cali Realty and SJP Properties Announce New Jersey Development Venture.
- Article from:
- Business Wire
- Article date:
- March 24, 1999
CopyrightCOPYRIGHT 1999 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, NJ--(BUSINESS WIRE)--March 24, 1999--Mack-Cali Realty Corporation (NYSE: CLI)and SJP Properties today announced that they have entered into a joint venture agreement to develop two class A office projects in central New Jersey.
The joint venture is preparing to break ground on a site previously controlled by SJP Properties. This project, Liberty Corner Corporate Center, will be a $23 million, 135,000 square-foot class A office building located in Liberty Corner, off Interstate 78 in Bernards Township.
Mack-Cali will provide construction financing for the project, and upon completion will fund the equity required to repay the construction ...
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