The Mack Company
In December 1997, Cali Realty Corporation was renamed Mack-Cali Realty Corporation when The Mack Company and its affiliate, Patriot American Office Group, merged with Cali. In this $1.2 billion merger—the largest private-to-public REIT transaction to date—54 office properties totaling over 9 million square feet were added to the Company’s portfolio. The combination created the Northeast’s leading office REIT, with over 21 million square feet of office properties.
The Mack Company, based in New Jersey, was founded in 1962 as a family-owned private company involved in commercial real estate development, management and acquisitions. The Company has roots going back to the turn of the 20th century, when the Mack family was involved in residential and industrial development in New York.
Notable New Jersey office developments by The Mack Company include: Mack Centre III, Mack Centre IV, Mack Centre VI, and Mack Centre VII, all in Paramus; and Kemble Plazas I and II, 412 Mt. Kemble Avenue, in Morris Township.
The Mack Company owned or controlled commercial properties totaling approximately 20 million square feet, including almost 5 million square feet of class A office space in New Jersey, plus the office properties of Patriot American Office Group, a private concern based in Texas. Patriot American provided the Company with beachheads for growth in the Southwest and, in 1998, the Company acquired Denver-based Pacifica Holding Company.