Mack-Cali sells off a pair of White Plains office buildings for $16M

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A pair of office buildings in White Plains have sold to two different LLCs for a total of $16 million, the Westchester County Business Journal reported. 1 Barker Ave. LLC and 3 Barker Ave. LLC snapped up a six-story, 68,000-square-foot building at 1 Barker Avenue and a six-story, 65,300-square-foot building at 3 Barker Avenue from Mack-Cali Realty Corp. for $9.3 million and $6.7 million respectively. Spring Valley’s Exclusive Management, which is developing a mixed-use project at the White Plains Mall property, will manage the two properties, according to the outlet. Mack-Cali shed millions of dollars in assets last year and has continued to do so this year. The White Plains sales come as Mack-Cali continues to focus on its New Jersey markets, senior vice president of corporate communications Deidre Crockett told the outlet. [WBJ]

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