Mack-Cali Realty Corp. Sells Retail Property On Sylvan Road In Hanover, NJ For $46M

Located in Hanover, NJ, the retail property at 34 Sylvan Road has been sold in a recent transaction. The property, owned by Mack-Cali Realty Corp., was represented by Ricardo Cardoso. The deal was facilitated by JLL Capital Markets, with Jose Cruz, Kevin O'Hearn, Michael Oliver, and Steve Simonelli serving as the brokers.

Summary of transaction details

• Property Type: Retail
• Sale Price: $46,000,000
• Square Footage: 133,276 SF
• Price per Square Foot: $345

The sale of 34 Sylvan Road marks a significant transaction in the retail market. Delving into the details, Mack-Cali Realty Corp. successfully closed the deal with a sale price of $46,000,000. The property spans over 133,276 square feet, resulting in a price per square foot of $345. Representing Mack-Cali Realty Corp., Ricardo Cardoso played a crucial role in the transaction. The brokerage team from JLL Capital Markets, consisting of Jose Cruz, Kevin O'Hearn, Michael Oliver, and Steve Simonelli, exhibited their expertise in facilitating the successful sale.