Mack-Cali Realty Corp. recently acquired 150 Monument Road, a 125,783-square-foot office building in Bala Cynwyd, Pa.

The six-story, class A building was purchased for $18.6 million.

150 Monument Road was approximately 66 percent leased at the time of sale to 23 tenants, including Standard Register, Philadelphia United Life, and the GE Group Life Assurance Company.

Robert Fahey and Douglas Joseph of CB Richard Ellis represented the seller in the transaction.

Mack-Cali Realty Corp. is a self-managed real estate investment trust.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We've updated our terms of use.Read them here×