Mack-Cali acquires New Jersey office complex

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Mack-Cali Realty Corp. has acquired Monmouth Executive Center, a four-building, 236,338-square-foot office complex in Freehold, N.J. The value of the transaction was approximately $32.8 million. The class A complex, which was 75.8 percent leased to 15 tenants at the time of sale, was acquired from entities of an undisclosed seller. The buildings are located at 100 Willowbrook Road and 2, 3 and 4 Paragon Way. Mack-Cali Realty Corp. is a self-administered real estate investment trust operating primarily in the northeastern United States. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....