Mack-Cali Pays $135M For Roseland's Multifamily Assets

Law360, New York (October 9, 2012, 1:38 PM EDT) -- Mack-Cali Realty Corp. has agreed to buy Roseland Partners LLC's multifamily property business in New Jersey, New York and Massachusetts for up to $134.6 million in connection with its diversification effort, Mack-Cali announced Tuesday.

The six properties, mostly located in New Jersey, total 212,000 square feet of apartments, condominiums and commercial properties; nine multifamily, two garage and two retail projects that are currently under development; and interests in land that could support plans for nearly 6,000 apartments, 736,000 square feet of commercial space and a 321-room...
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