MACK-CALI SELLS OFFICE BUILDING FOR $28.3 MILLION IN MONTEBELLO

MONTEBELLO, N.Y. — Mack-Cali Realty Corp. has completed the disposition of 400 Rella Blvd. in Montebello for $28.3 million. The three-story, 195,375-square-foot office building, which was Mack-Cali’s sole asset in Rockland County, N.Y., was 75.8 percent leased at the time of sale. Jeffrey Prezant of Cushman & Wakefield represented Mack-Cali in the transaction.