Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Mack-Cali Realty Corp. sold Kemble Plaza I, a 387,000-square-foot office property in Morris Township, N.J. The value of the transaction was $77 million. The class A property, located at 340 Mt. Kemble Ave., was sold to an entity advised by Falcon Real Estate Investment Co. Ltd. of New York City. Kemble Plaza I was developed for AT&T Corp. by Mack-Cali in 1981 and was fully leased to AT&T at the time of sale. The lease was recently extended through 2014. Mack-Cali Realty Corp. is a self-administered, self-managed real estate investment trust. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....