{"id":1004167055,"date":"2017-02-17T08:45:55","date_gmt":"2017-02-17T16:45:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004167055"},"modified":"2022-12-08T20:26:08","modified_gmt":"2022-12-09T04:26:08","slug":"nj-office-campus-changes-hands-in-26m-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nj-office-campus-changes-hands-in-26m-deal\/","title":{"rendered":"NJ Office Campus Changes Hands in $26M Deal"},"content":{"rendered":"

By Mihaela Coste<\/em><\/p>\n

Red Bank, N.J.<\/strong>\u2014Cushman & Wakefield\u2019s Metropolitan Area Capital Markets Group has arranged the off-market sale of a three-building office campus in Red Bank. Mack-Cali Realty Corp. bought the property from Alfieri Co. Inc. for a price tag of $26 million.<\/p>\n

\"100<\/a>

100 Schulz Drive in Red Bank, N.J.<\/p><\/div>\n

The transaction was led by Cushman & Wakefield\u2019s Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer and Andrew MacDonald.<\/p>\n

The campus includes 100 and 200 Schultz Drive and 230 Half Mile Road. Totaling 280,500 square feet, the three- and four-story buildings are situated on a 17-acre site immediately off Exit 109 of the Garden State Parkway and in close proximity to State Route 35. The asset offers convenient access to NJ Transit Red Bank train station and is just minutes to Red Bank\u2019s restaurants, retail shops, theaters and marinas. Amenities include a full-service cafeteria, a fitness center and a central courtyard with outdoor seating.<\/p>\n

According to Merin, the current occupancy, the easy accessibility and the region\u2019s strong labor pool presented an opportunity with strong upside potential.<\/p>\n

\u201cMack-Cali has been focusing its investment activity in certain geographic areas, and these buildings sit adjacent to another, highly successful asset in the firm\u2019s regional portfolio,\u201d Merin said in a prepared statement. \u201cMack-Cali plans to incorporate them as part of one cohesive campus with shared amenities, which will enhance the potential of this already great value-add play.\u201d<\/p>\n

Image courtesy of Mack-Cali Realty Corp.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Mack-Cali Realty Corp. is the new owner of the three-building property, which totals 280,500 square feet.<\/p>\n","protected":false},"author":1192,"featured_media":1004167056,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,10,21747],"tags":[32799,33698],"class_list":["post-1004167055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-northeast","category-office","tag-cushman-wakefield","tag-mack-cali-realty"],"acf":[],"yoast_head":"\nNJ Office Campus Changes Hands in $26M Deal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/nj-office-campus-changes-hands-in-26m-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NJ Office Campus Changes Hands in $26M Deal\" \/>\n<meta property=\"og:description\" content=\"Mack-Cali Realty Corp. is the new owner of the three-building property, which totals 280,500 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nj-office-campus-changes-hands-in-26m-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-17T16:45:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:26:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/100-Schulz-Drive-in-Red-Bank-N.J..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"811\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mihaela Coste\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nj-office-campus-changes-hands-in-26m-deal\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nj-office-campus-changes-hands-in-26m-deal\\\/\"},\"author\":{\"name\":\"Mihaela Coste\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/84db22c1406ebbb161906ccf4f43d508\"},\"headline\":\"NJ Office Campus Changes Hands in $26M Deal\",\"datePublished\":\"2017-02-17T16:45:55+00:00\",\"dateModified\":\"2022-12-09T04:26:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nj-office-campus-changes-hands-in-26m-deal\\\/\"},\"wordCount\":254,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nj-office-campus-changes-hands-in-26m-deal\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/02\\\/100-Schulz-Drive-in-Red-Bank-N.J..jpg\",\"keywords\":[\"Cushman & Wakefield\",\"Mack-Cali Realty\"],\"articleSection\":[\"Deals\",\"News\",\"Northeast\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nj-office-campus-changes-hands-in-26m-deal\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nj-office-campus-changes-hands-in-26m-deal\\\/\",\"name\":\"NJ Office Campus Changes Hands in $26M Deal - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nj-office-campus-changes-hands-in-26m-deal\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nj-office-campus-changes-hands-in-26m-deal\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/02\\\/100-Schulz-Drive-in-Red-Bank-N.J..jpg\",\"datePublished\":\"2017-02-17T16:45:55+00:00\",\"dateModified\":\"2022-12-09T04:26:08+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/84db22c1406ebbb161906ccf4f43d508\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nj-office-campus-changes-hands-in-26m-deal\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nj-office-campus-changes-hands-in-26m-deal\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nj-office-campus-changes-hands-in-26m-deal\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/02\\\/100-Schulz-Drive-in-Red-Bank-N.J..jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/02\\\/100-Schulz-Drive-in-Red-Bank-N.J..jpg\",\"width\":811,\"height\":600,\"caption\":\"100 Schulz Drive in Red Bank, N.J.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nj-office-campus-changes-hands-in-26m-deal\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NJ Office Campus Changes Hands in $26M Deal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/84db22c1406ebbb161906ccf4f43d508\",\"name\":\"Mihaela Coste\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ae4c2841244c212655757982ab596ad3ca7eccb7b9eccb81e85b6111dd567b78?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ae4c2841244c212655757982ab596ad3ca7eccb7b9eccb81e85b6111dd567b78?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ae4c2841244c212655757982ab596ad3ca7eccb7b9eccb81e85b6111dd567b78?s=96&d=mm&r=g\",\"caption\":\"Mihaela Coste\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/mihaelacoste\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"NJ Office Campus Changes Hands in $26M Deal - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/nj-office-campus-changes-hands-in-26m-deal\/","og_locale":"en_US","og_type":"article","og_title":"NJ Office Campus Changes Hands in $26M Deal","og_description":"Mack-Cali Realty Corp. is the new owner of the three-building property, which totals 280,500 square feet.","og_url":"https:\/\/www.commercialsearch.com\/news\/nj-office-campus-changes-hands-in-26m-deal\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-02-17T16:45:55+00:00","article_modified_time":"2022-12-09T04:26:08+00:00","og_image":[{"width":811,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/100-Schulz-Drive-in-Red-Bank-N.J..jpg","type":"image\/jpeg"}],"author":"Mihaela Coste","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/nj-office-campus-changes-hands-in-26m-deal\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/nj-office-campus-changes-hands-in-26m-deal\/"},"author":{"name":"Mihaela Coste","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/84db22c1406ebbb161906ccf4f43d508"},"headline":"NJ Office Campus Changes Hands in $26M Deal","datePublished":"2017-02-17T16:45:55+00:00","dateModified":"2022-12-09T04:26:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/nj-office-campus-changes-hands-in-26m-deal\/"},"wordCount":254,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/nj-office-campus-changes-hands-in-26m-deal\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/100-Schulz-Drive-in-Red-Bank-N.J..jpg","keywords":["Cushman & Wakefield","Mack-Cali Realty"],"articleSection":["Deals","News","Northeast","Office"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/nj-office-campus-changes-hands-in-26m-deal\/","url":"https:\/\/www.commercialsearch.com\/news\/nj-office-campus-changes-hands-in-26m-deal\/","name":"NJ Office Campus Changes Hands in $26M Deal - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/nj-office-campus-changes-hands-in-26m-deal\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/nj-office-campus-changes-hands-in-26m-deal\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/100-Schulz-Drive-in-Red-Bank-N.J..jpg","datePublished":"2017-02-17T16:45:55+00:00","dateModified":"2022-12-09T04:26:08+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/84db22c1406ebbb161906ccf4f43d508"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/nj-office-campus-changes-hands-in-26m-deal\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/nj-office-campus-changes-hands-in-26m-deal\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/nj-office-campus-changes-hands-in-26m-deal\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/100-Schulz-Drive-in-Red-Bank-N.J..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/100-Schulz-Drive-in-Red-Bank-N.J..jpg","width":811,"height":600,"caption":"100 Schulz Drive in Red Bank, N.J."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/nj-office-campus-changes-hands-in-26m-deal\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"NJ Office Campus Changes Hands in $26M Deal"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/84db22c1406ebbb161906ccf4f43d508","name":"Mihaela Coste","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/ae4c2841244c212655757982ab596ad3ca7eccb7b9eccb81e85b6111dd567b78?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/ae4c2841244c212655757982ab596ad3ca7eccb7b9eccb81e85b6111dd567b78?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ae4c2841244c212655757982ab596ad3ca7eccb7b9eccb81e85b6111dd567b78?s=96&d=mm&r=g","caption":"Mihaela Coste"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/mihaelacoste\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/100-Schulz-Drive-in-Red-Bank-N.J..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004167055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1192"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004167055"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004167055\/revisions"}],"predecessor-version":[{"id":1004611426,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004167055\/revisions\/1004611426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004167056"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004167055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004167055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004167055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}