Mack-Cali Realty Acquires 271988 SF Property At 99 Wood Ave S Iselin New Jersey

The property involved in this transaction is an office tower located at 99 Wood Ave S, Iselin, NJ, 08830. The total square footage of the building is 271,988. The property includes a recently renovated full-service cafeteria, a fitness center with locker rooms, and a three-story parking structure. At the time of the transaction, it was 84 percent leased to tenants including Citibank, Wells Fargo, Ernst & Young, and Cushman & Wakefield.

Summary of transaction details:

• Property Type: Office Tower
• Transaction Amount: Undisclosed
• Square Footage: 271,988
• Address: 99 Wood Ave S, Iselin, NJ, 08830
• Market: Iselin
• Seller's Representative: Kubby Tischler - Cushman & Wakefield
• Buyer's Name: Mack-Cali Realty
• Additional Seller's Representatives: Andrew (Andy) Merin - Cushman & Wakefield, Gary Gabriel - Cushman & Wakefield

This transaction was facilitated by the brokerage firm Cushman & Wakefield, represented by Andrew Merin, Gary Gabriel, David Bernhaut, Kyle Schmidt, and Kubby Tischler. The seller was a private real estate investment firm, which was represented by the Cushman & Wakefield team throughout the process.