May 13, 2013 at 15:03 PM EDT
Mack-Cali Sells Clifton, New Jersey Office Property To Mountain Development for $5.8M
Mack-Cali Realty Corporation (NYSE: CLI ) today announced that it has sold an office building located at 777 Passaic Avenue in Clifton, New Jersey, for approximately $5.8 million to a joint venture comprised of Gottesman Real Estate Partners and Mountain Development Corp. (MDC). Mitchell E. Hersh, president and chief executive officer of Mack-Cali, commented,
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