Cali Futures, LLC acquired 158,200-square-foot 100 Overlook Center in Princeton, New Jersey from Mack-Cali Realty Corporation for $38 million.
January 24, 2021
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Cali Futures, LLC acquired 158,200-square-foot 100 Overlook Center in Princeton, New Jersey from Mack-Cali Realty Corporation (NYSE:CLI) for $38 million on January 14, 2021. Streamline Realty Funding provided a $29.7 million, three-year acquisition loan. Cushman & Wakefield arranged the deal and John Alascio, Sri Vankayala, Chuck Kohaut and TJ Sullivan of Cushman & Wakefield Equity’s Debt & Structured Finance team arranged the loan for the borrower.
Cali Futures, LLC completed the acquisition of 158,200-square-foot 100 Overlook Center in Princeton, New Jersey from Mack-Cali Realty Corporation (NYSE:CLI) on January 14, 2021.
Veris Residential, Inc. is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company owns, operates, and develops multifamily rental properties located primarily in the Northeast, as well as a portfolio of non-strategic land and commercial assets. The Company operates through two segments: multifamily real estate and services and commercial and other real estate. The Company provides property management, leasing, acquisition, development, construction and tenant-related services for its multifamily real estate portfolio and commercial and other real estate located in the United States. The Company owns and has interests in 24 multifamily rental properties as well as non-strategic assets comprised of one office property, four parking/retail properties, and developable land. It seeks to own a portfolio comprised primarily of Class A multifamily properties with premium amenities and offerings that reflect its commitment to sustainability.