Mack-Cali picks NKF to sell 188K sq.ft. Neptune office property

By Eric Strauss
Neptune | May 1, 2019 at 7:05 am

Mack-Cali Realty Corp. has chosen real estate firm Newmark Knight Frank to sell a 188,408-square-foot office property in Neptune, NKF announced this week.

The four-story, Class A building at 3600 Route 66 is 100% leased. NKF’s Steven Schultz, executive managing director, and Tony Georgiev and Adam Silver, managing directors, will represent the Jersey City-based real estate investment trust in the sale.

“We are pleased to offer 3600 Route 66 to prospective buyers on the search for a valuable office property that continues to be promising in the market,” Schultz said in a prepared statement. “This well-maintained property has long served as an ideal location to enable executives looking to grow their businesses as the quality of the amenities in the building and its proximity to a wide array of other vibrant municipalities in New Jersey is certain to continue to attract skilled local talent.”

The property currently has four tenants with a weighted average lease term of 5.3 years, NKF said.

Eric Strauss | estrauss@roi-nj.com | acerimrat