April 3, 2017 Comments Off on $125M Acquisition Loan for Mack-Cali Views: 174 New York News, Tri-State Area New York

$125M Acquisition Loan for Mack-Cali

Mack-Cali Realty Corp. borrowed $124.5 million from Citi and Goldman Sachs & Co. to purchase 51, 101 and 103 JFK Parkway in Short Hills, NJ.

“We were excited to help Mack-Cali with its acquisition of the Short Hills assets, which are some of the premier Class A office buildings in the state,” stated Jon Mikula, senior managing director for HFF, which secured the financing for Mack-Cali.

The 10-year, fixed-rate loan helped acquire the properties, which were part of a larger six-property portfolio that HFF sold to Mack-Cali on behalf of RXR Realty. Built between 1981 and 1988, the properties are fully leased to major tenants, including KPMG, Merrill Lynch, Wells Fargo, Dun & Bradstreet and Investors Bank.

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