January 20, 2010 (FinancialWire) — Office REIT Mack-Cali Realty Corp. (NYSE: CLI) said it has refinanced a $150 million secured loan with The Prudential Insurance Co. of America (NYSE: PRU). According to Mack-Cali, the new loan also includes VPCM, LLC, a wholly-owned subsidiary of the Virginia Retirement System, as co-lender.

The company said that the loan, which matures on January 15, 2017, carries an interest rate of 6.25 percent and is secured by seven properties.

New Jersey-based Mack-Cali Realty is a real estate investment trust providing management, leasing, development, construction and other tenant-related services for its class A real estate portfolio.

Mack-Cali owns or has interests in 289 properties, primarily office and office/flex buildings located in the Northeast.

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