Mack-Cali sells S.F. holdings, exits western markets

Mack-Cali Realty Corp. announced that it has completed the sale of its remaining two office properties in San Francisco, marking its exit from all western markets.

Mack-Cali sold 760 Market St. (an 11-story, 267,446-square-foot class A building) and 795 Folsom St. (a six-story, 183,445-square-foot class A building) to a partnership of Westcore Properties LLC; Angelo, Gordon & Co.; and City Center Retail LLC for an aggregate price of $126 million.

Both buildings were approximately 78 percent leased at the time of sale.

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