{"id":1004179533,"date":"2017-06-07T12:28:36","date_gmt":"2017-06-07T20:28:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004179533"},"modified":"2022-12-08T01:48:04","modified_gmt":"2022-12-08T09:48:04","slug":"mack-calis-nj-horizon-center-hits-the-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mack-calis-nj-horizon-center-hits-the-market\/","title":{"rendered":"Mack-Cali&#8217;s NJ Horizon Center Hits the Market"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<p>Real estate investment trust Mack-Cali Realty Corp. continues its non-core properties disposition plan with marketing for sale its Horizon Center Business Park, following\u00a0its recent acquisition of a <a href=\"https:\/\/www.commercialsearch.com\/news\/large-nj-office-portfolio-hits-the-market\/\">26-building portfolio<\/a>. Horizon Center comprises six office\/flex buildings and two development sites totaling 300,000 square feet in Hamilton, N.J. Newmark Knight Frank Executive Managing Director Steven Schultz, Managing Director Tony Georgiev, Executive Managing Director Stephen Tolkach and Director Robert Loderstedt were selected to handle their marketing and sale.<\/p>\n<p>The space is suited for high-tech and flex uses, while the RD-zoned vacant land sites offer various development opportunities for office, lab, medical, industrial, distribution and warehousing uses. The portfolio encompasses 236,000 square feet of space spread throughout 12.8 acres, encapsulating 100, 200, 300, 500 and 600 Horizon Drive.\u00a0Amenities include efficient floor plates, 13-foot-high ceilings, individually controlled HVAC, advanced fiber optics and on-site jogging paths.\u00a0<\/p>\n<p>The complex is situated across from Hamilton Marketplace, minutes away\u00a0from restaurants, banks and hotels. It is also located close to the New Jersey Turnpike, Interstate 295, Interstate 195, as well as routes 1 and 130, which provide easy access to major markets along the Northeast Corridor. Horizon Center is 86 percent occupied by 18 tenants, including AAA Mid-Atlantic Inc., First American Title and Regus.<\/p>\n<p>&#8220;<em>Well-positioned, near excellent mass-transit alternatives and convenient roadway access within the greater Princeton area, which is renowned for its affluent and highly educated population, the property retains an e-commerce edge and a startup twist for tenants,<\/em>&#8221; Schultz said in a prepared statement.\u00a0<\/p>\n<p><em>Images courtesy of Mack-Cali Realty Corp.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The REIT named Newmark Knight Frank as exclusive agent for the sale of a six-building office\/flex portfolio located in Hamilton, N.J. The sale is part of the firm\u2019s disposition plan of non-core assets. <\/p>\n","protected":false},"author":741,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,1600,21742,10,21747],"tags":[36020,33554,36007],"class_list":["post-1004179533","post","type-post","status-publish","format-standard","hentry","category-investment","category-new-york","category-latest","category-northeast","category-office","tag-horizon-center-business-park","tag-mack-cali-realty-corporation","tag-newmark-knight-frank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mack-Cali&#039;s NJ Horizon Center Hits the Market - 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\/mack-calis-nj-horizon-center-hits-the-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mack-Cali&#039;s NJ Horizon Center Hits the Market\" \/>\n<meta property=\"og:description\" content=\"The REIT named Newmark Knight Frank as exclusive agent for the sale of a six-building office\/flex portfolio located in Hamilton, N.J. The sale is part of the firm\u2019s disposition plan of non-core assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mack-calis-nj-horizon-center-hits-the-market\/\" \/>\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=\"2017-06-07T20:28:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T09:48:04+00:00\" \/>\n<meta name=\"author\" content=\"Corina Stef\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mack-calis-nj-horizon-center-hits-the-market\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mack-calis-nj-horizon-center-hits-the-market\/\",\"name\":\"Mack-Cali's NJ Horizon Center Hits the Market - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"datePublished\":\"2017-06-07T20:28:36+00:00\",\"dateModified\":\"2022-12-08T09:48:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/73262f140f4b0a11baea2dd6f27beadf\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mack-calis-nj-horizon-center-hits-the-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/mack-calis-nj-horizon-center-hits-the-market\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mack-calis-nj-horizon-center-hits-the-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mack-Cali&#8217;s NJ Horizon Center Hits the Market\"}]},{\"@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\/73262f140f4b0a11baea2dd6f27beadf\",\"name\":\"Corina Stef\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Corina-Stef.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Corina-Stef.jpg?w=96\",\"caption\":\"Corina Stef\"},\"description\":\"Corina Stef started her tenure as a music journalist a decade ago and has been occupying a full-time real estate editor and blogger position since 2017. 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