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