Mack-Cali spending $50M to improve several N.J. sites

Mack-Cali Realty Corp. is investing $50 million into a capital improvement initiative at a series of properties in Parsippany, Short Hills, Metro Park and Red Bank, it announced recently.

Jersey City-based Mack-Cali, which develops and manages office and multifamily properties, said in a news release that the comprehensive renovations would be completed over the next year, and include state-of-the-art amenities, as well as internal and external redesigns and improvements.

“While state-of-the-art facilities are a must in today’s office market, our strategy of catering to the evolving needs of the modern tenant is about much more than just improving the physical infrastructure of a building,” Mack-Cali CEO Michael DeMarco said in a prepared statement. “It also means setting the stage with next-level amenities. With this capital improvement program, we’re upgrading every touchpoint of the tenant experience, from what they see when they first walk into the building’s lobby, to where and what they eat for lunch, and how they work out in the afternoon.”

Architects retained by the firm include:

Properties that will be part of the program include:

  • 333-334 Thornall, Edison;
  • 581 Main St., Edison;
  • 3 Giralda Farms, Madison;
  • Sylvan Way, Parsippany;
  • 8-9 Campus Drive, Parsippany;
  • 5 Wood Hollow, Parsippany;
  • River Centre, Red Bank;
  • 150 JFK Parkway, Short Hills.

“Throughout our entire portfolio, we’re executing an aggressive strategy to create truly great places to work and live for decades to come,” DeMarco said.