The 10-story, Class A office building was traded by Jersey City-based Mack-Cali Realty Corp. to an undisclosed private investor.

The property was originally built in 2000 as part of the Merrill Lynch corporate campus and consists of three office buildings totaling 380,417 square feet.

Frazier and Merck made news yesterday when in announcing its first quarter financial results, the pharmaceutical firm announced its intent to consolidate its New Jersey campuses into a single New Jersey headquarters location in Rahway by the end of 2023.

David Linn with the White Plains-based The Galinn Fund LLC has sold the parcels at 251 Douglass St. to New York City-based Tavros Capital Partners and the Charney Companies of Long Island City.

Earlier last year, the firm acquired The Reserve at Copper Chase, a 132-unit apartment and townhome community at 3145 Honey Run Drive less than 10 miles from the View at Mackenzi.

The majority of survey participants anticipate that the economy will need at least 12 months to 24 months to fully recover from the pandemic while 30% of participants project a two-year to five-year recovery.

On Sunday, the governor outlined a phased plan to reopen New York that starts with the low-risk construction and manufacturing sectors.

The 100% leased property is anchored by Home Depot and also includes PetSmart, Wendy's, T-Mobile and Mattress Firm on its tenant roster.