Three properties sold by Mack-Cali to TEI Equities are 4 Century Drive (top left), 5 Century Drive (bottom left, and 6 Century Drive (right), in Parsippany, NJ Three properties sold by Mack-Cali to Time Equities are 4 Century Drive (top left), 5 Century Drive (bottom left, and 6 Century Drive (right), in Parsippany, NJ

PARSIPPANY, NJ—New York-based Time Equities, in a joint venture with Bergman Realty Corporation, has acquired a three-building Parsippany, NJ office portfolio from Mack-Cali Realty Corporation for $15.4 million. The three class B multi-tenant buildings at 4 Century Drive, 5 Century Drive and 6 Century Drive are TEI’s fourth office acquisition in New Jersey.