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| Jose Cruz |
FLORHAM PARK, NJ, Oct.16, 2017 – Holliday Fenoglio Fowler, L.P. (HFF)
announces the sale of a 2-6-building, 1.2 million-square-foot office/flex
portfolio in Moorestown and Burlington Townships, New Jersey.
The HFF team marketed the
portfolio on behalf of the seller, Mack-Cali Realty Corporation. Brennan Investment Group purchased the
portfolio free and clear of any mortgage financing.
The portfolio comprises 24
buildings in Moorestown and two buildings in Burlington Township that are 91
percent leased overall. Tenants include
businesses in health care services, pharmaceutical/clinical packaging and
medical supplies.
The properties are situated within two of the
area’s top business parks near the Pennsylvania/New Jersey border. This location has easy access to the area’s
primary thoroughfares, including Interstates 295, 195, 95 and 276 and Routes
130, 206, 70 and 38.
Additionally, the
portfolio is located within 20 miles of the Philadelphia International Airport
and within 10 miles of the Philadelphia Regional Port.
 |
| Doug Rodio |
The HFF investment sales
team representing the seller included senior managing directors Jose Cruz and Doug Rodio and managing directors Brett Segal and Kevin
O’Hearn.
“This portfolio had a
significant amount of interest give its size and the potential upside,” Cruz
said.
HFF and Holliday GP Corp.
are licensed New Jersey real estate brokers.
For
more information on Mack-Cali Realty Corporation and its properties, visit www.mack-cali.com.
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