Mack-Cali Expanding Middletown Office Park

MIDDLETOWN, NJ- Mack-Cali has big plans underway to merge two office parks near Exit 109 off the Garden State Parkway in Middletown into one.

Mack-Cali recently purchased a three-building, 17-acre office park near Exit 109 for $23 million from Alfieri Company Inc. Mack-Cali plans to merge the complex with its existing One River Centre on Newman Springs Road, creating a massive, seven-building office park that will have its own cafe, fitness center, conference rooms and meeting space, according to a report in the Asbury Park Press.

The deal also encompasses 100 and 200 Schultz Drive and 230 Half Mile Road. Mack-Cali hopes to attract tenants there because of the area's population and convenient location to many transit routes.

Mack-Cali also owns office buildings in Holmdel, Red Bank, Neptune and Wall, according to the report.

"They can come in and renovate the buildings and increase occupancy," said Andrew MacDonald, assistant director Cushman & Wakefield, which represented Alfieri. "They are optimistic about the Red Bank-Middletown area."

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