BALA CYNWYD, PA—A joint venture led byKeystone Property Group has closed on the purchaseof six office buildings in Westchester County, NY and Stamford, CTfor approximately $91.5 million from Edison, NJ-based MackCali Realty Corp.
The closing completes a portfolio transaction announced earlierthis year between Keystone and Mack-Cali to form various jointventures to acquire a portfolio of office properties that Mack-Caliowns in Northern New Jersey, New York and Connecticut.
Earlier this year, Keystone closed on five New Jersey officeproperties as part of the portfolio deal with Mack-Cali, consistingof 17-17 Route 208 North in Fair Lawn, 412 Mt. Kemble Ave. inMorris Township, 30 Knightsbridge Road in Piscataway, 470 ChestnutRidge Road in Woodcliff Lake, and 530 Chestnut Ridge Road inWoodcliff Lake.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
