One of the country's leading real estate investment trusts (REITs), Mack-Cali Realty Corporation is an owner, manager and developer of premier office and multifamily properties in select waterfront and transit-oriented markets throughout New Jersey. Longpoint Realty Partners served as an advisor to the purchaser. The building was purchased by 581 Main Street, LLC, a subsidiary within the Plymouth Rock Group of Companies, and it will continue to serve as Plymouth Rock's New Jersey headquarters. The transaction was facilitated by Cushman & Wakefield of New Jersey. "We are particularly pleased with this strong execution given the successful lease up of the building that followed our repositioning of the asset," said Ricardo Cardoso, EVP and Chief Investment Officer of Mack-Cali. "In addition, we remain laser focused on the repositioning of Harborside and working with our existing tenants to support them as employees look to return to the office."ĥ81 Main Street benefits from several recently completed capital improvement projects, including a complete lobby renovation and the addition of a new cafe and conference center facilities. "As we've said before, we will continue to divest our suburban office assets and are encouraged by the activity we've seen to-date," said MaryAnne Gilmartin, Board Chair and Interim Chief Executive Officer of Mack-Cali.
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