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Mack-Cali reports joint venture completion, stock purchases

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Edison-based real estate investment trust Mack-Cali Realty Corp. announced Tuesday it has completed its transaction with Keystone Property Group to sell several suburban Philadelphia office assets.

According to the announcement, the three co-presidents of its Roseland subsidiary — Marshall Tycher, Brad Klatt and Carl Goldberg — each have acquired 10,000 shares of Mack-Cali common stock in the open market for an aggregate price of approximately $650,000.

Also, Mitchell Hersh, president, CEO and director of Mack-Cali, and chairman and CEO of Roseland, acquired 5,000 common shares in the open market for an aggregate price of approximately $108,000, the company said in a statement.

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