Mack-Cali increases East Coast holdings

Gains 3 properties

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Mack-Cali Realty Corp. recently acquired three office buildings totaling 279,811 square feet in Parsippany, N.J. The buildings were purchased from The Gale Company for approximately $30.8 million. Located at 4, 5 and 6 Century Drive, adjacent to Mack-Cali Business Campus, the buildings were 46.2 percent at the time of sale to 13 tenants. Tenants include U.S. Fire Insurance, Diagnostica Stago, and Simon & Schuster Inc. Mack-Cali Realty Corp. is a self-administered real estate investment trust. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....