EDISON, NJ-Mack-Cali Realty Corp. leased 720,171 square feet at its office and flex properties in northern and central New Jersey during the second quarter.
In the midst of a program to raise capital to build its multi-family portfolio, the REIT has been selling off large blocks of office space in the region. Yet, says Mack-Cali's Mitchell E. Hersh, president and CEO, “We are pleased with the level of leasing activity we saw during the quarter in New Jersey, as well as the fact that we outperformed all of the markets in which we operate.”
Portfolio-wide, Mack-Cali leased 1,311,917 square feet of space during the quarter.
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