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NKF Handles Triple-Net Sales for Mack-Cali

NKF Capital Markets has completed the sales of two triple-net leased office properties in Hamilton, NJ on behalf of Mack-Cali Realty Corporation. 600 Horizon Dr. is leased to Verizon Communications, while 700 Horizon Dr. (pictured) is leased to AAA.

600 and 700 Horizon, which total approximately 215,000 square feet, were acquired by a private investor and by VEREIT, respectively. Deal terms weren’t disclosed.

“600 and 700 Horizon Center Drive are located within the Horizon Center Business Park, one of the leading multi-purpose office campuses in the area,” said NKF’s Steven Schultz. “Its prominent location right off Route 130 provides convenient access to regional thoroughfares and the greater Princeton market area. He added that the sales “concluded Mack-Cali’s disposition strategy in this area.”

Schultz arranged the sales, along with his NKF colleagues Kevin Welsh, Steve Tolkach, Tony Georgiev and Brian Schulz.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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