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"Despite recent volatility in the capital markets, institutional demand for stabilized retail assets remains strong."

"During these uncertain times that impact all of us in personal ways, our ability to support each other, our people and our communities will ensure we emerge from this crisis stronger than before," says Joe Erlinger, president of McDonald's USA.

No financial terms of the transaction were disclosed. The four-story properties are currently 67% leased to a variety of tenants including Zurich Insurance, York Risk Services, Ipsos, ICAP and Wallenius Wilhelmsen.

Mack-Cali went further stating that Bow Street's letter included "outright lies, about the company, its Board of Directors and management team in an attempt to conceal the true objective of its proxy contest—Bow Street's desire to acquire control of the Mack-Cali Board in order to force a sale of the company at any price."

The PHA also is postponing all court appointments where residents have failed to pay rent.

The CBRE report states that life science companies occupy approximately 30 million square feet of lab space in Greater Boston with more than 4 million square feet of space in the development pipeline.