HFF named to market for sale 2.2 million-square-foot office portfolio in Bergen County, NJ

  

Part of the Mack-Cali Realty Corp. Office Portfolio for Sale Throughout Bergen County, NJ

 

Jose Cruz

 FLORHAM PARK, NJ, Jan. 25, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has been named to market for sale a nine-property, 2.2 million-square-foot office portfolio located throughout Bergen County, New Jersey.

HFF is marketing the portfolio on behalf of the seller, Mack-Cali Realty Corporation. 

The portfolio is a collection of nine Class A office buildings that are 71.78 percent leased to 115 tenants.  The properties are located along the Garden State Parkway corridor in Paramus, Woodcliff Lake and Rochelle Park with ample access to Midtown Manhattan about 20 to 25 miles southeast.

 Within minutes of all of the properties are several of the largest thoroughfares in the state, including Route 17, Route 4, Interstate 80 and the Garden State Parkway, and some of the largest shopping and recreational centers including The Paramus Park Mall, Tice’s Corner and The Garden State Plaza.

The HFF investment sales team representing the seller is led by senior managing director Jose Cruz, managing director Kevin O’Hearn, directors Michael Oliver and Stephen Simonelli and associate director Marc Duval.

“This is one of the largest office portfolios ever on the market in New Jersey, representing 42 percent of the Route  4/17 and Upper Parkway submarkets inventory (2.2 million SF out of 5.3 million total SF) and 13 percent of the Bergen County Class A office market inventory,” said Cruz.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Director, Public Relations

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.mack-cali.com.