Mack-Cali acquires 2 buildings, 168,000 SF

Real Estate Weekly, August 22, 2001

Mack-Cali Realty Corporation announced it has acquired 5 and 6 Skyline Drive, two office/flex buildings that total 168,177 square feet and are located in Hawthorne. The buildings were purchased from Madeira-RMCLP for $14.7 million.

The properties, situated in Mack-Cali's Mid-Westchester Executive Park, are 100% leased to five tenants, including Taro Pharmaceuticals, Evonyx and Westco Closets. The acquisition of 5 and 6 Skyline Drive increases the Company's holdings in Mid-Westchester Executive Park to over 958,000 SF.

Mitchell E. Hersh, chief executive officer of Mack-Cali, commented, "The acquisition of these properties represents another step in our efforts to enhance our position in our core markets."