Mack-Cali Announces 74,000 SF Lease With Valley Hospital in Paramus

On May 4, 2015

Mack-Cali Realty Corporation today announced that Valley Hospital, Inc. has signed a new 10-year lease for 73,978 square feet at Mack-Cali Centre III in Paramus, New Jersey.

Strategically located directly off of the Garden State Parkway at 140 East Ridgewood Avenue in prestigious Bergen County, Mack-Cali Centre III features two distinct towers joined by a dramatic seven-story atrium, an on-site cafe with outdoor seating, and advanced building systems.

The tenant was represented in the transaction by Robert Rudin of Cushman & Wakefield. Chris DeLorenzo, senior vice president of leasing, represented the Landlord.

Mitchell E. Hersh, president and chief executive officer of Mack-Cali, commented, “I had the pleasure of working with the Valley Hospital executive team on this transaction. We’re delighted to welcome Valley Hospital to Mack-Cali Centre III.”

Mack-Cali Realty Corporation is a fully integrated, self-administered, self-managed real estate investment trust (REIT) providing management, leasing, development, construction and other tenant-related services for its class A real estate portfolio. Mack-Cali owns or has interests in 284 properties, consisting of 263 office and office/flex properties totaling approximately 30.9 million square feet and 21 multi-family rental properties containing approximately 6,100 residential units, all located in the Northeast. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of commercial and residential tenants.

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