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UPDATED: Mack-Cali to sell $487.5M Westchester/Fairfield portfolio to Robert Martin affiliate

Michael DeMarco, Mack-Cali’s CEO, said that the sale of the office/flex portfolio “substantially completes our strategic repositioning.”

DeMarco steps into CEO job at Mack-Cali

Michael DeMarco takes over CEO duties at Mack-Cali, which he joined in June 2015 as president and chief operating officer.