Mack-Cali, a Cranford, NJ-based REIT, announced the deal on Wednesday, which brings its office holdings in Fairfield County, CT to nine properties totaling more than 850,000 sf of office space. Rockwood Realty Associates LLC of New York City represented the seller, Soundview Plaza Associates LLC, in the deal.
Soundview Plaza is a seven-story building located at 1266 East Main St. that is 95% leased to 17 tenants. The purchase agreement also includes an adjoining five-story parking garage.
Mitchell E. Hersh, chief executive officer of Mack-Cali, comments on its latest purchase by saying, "The transaction underscores our ability to redeploy proceeds from sales of non-core assets to enhance our strong presence in core Northeast markets and add top-quality properties to our portfolio."
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
