Mack-Cali Leases Over 329,000 Square Feet at Northern and Central New Jersey Commercial Real Estate Properties in Third Quarter

On Oct 27, 2014

Mack-Cali Realty Corporation announces that it leased 329,880 square feet at its office and office/flex commercial real estate properties in Northern and Central New Jersey during the third quarter. Portfolio-wide, Mack-Cali leased 621,077 square feet of space during the quarter.

Highlights of the third quarter transactions include:

•        First Data Corporation, a global payment processing company, signed a new lease for 24,179 square feet at 101 Hudson Street in Jersey City. The 1,246,283-square-foot office tower is 86.1 percent leased. The tenant was represented in the transaction by Steven Rotter, Roby Bull, and Scott Panzer, all of Jones Lang LaSalle.

•        Accounting firm KPMG signed an expansion lease for 17,085 square feet at 300 Tice Boulevard in Woodcliff Lake. The 230,000-square-foot office building is 100 percent leased. The tenant was represented in the transaction by Kenneth J. Boland, Jeffrey Babikian, and Patrick Murphy, all of CBRE. Mack-Cali was represented in-house by Christopher DeLorenzo, senior vice president of leasing.

•        Law firm Eltman Eltman & Cooper signed a new lease for 16,902 square feet, also at 101 Hudson Street in Jersey City. The tenant was represented in the transaction by John Harte and Joseph Genovesi, both of Savills Studley. Mack-Cali was represented in-house by Thomas Savoca, assistant vice president of leasing.

•        Jacobs Engineering Group Inc., providers of technical professional and construction services, signed a new lease for 12,727 square feet at 100 Walnut Avenue in Clark. The 182,555-square-foot office building is 90.1 percent leased. The tenant was represented in the transaction by Marc Rosenberg and Eric Olofson, both of Cushman & Wakefield. Mack-Cali was represented in-house by Toni Casiano, assistant vice president of leasing.

Mitchell E. Hersh, president and chief executive officer, commented, “We are pleased that so many of our tenants choose to renew and expand with Mack-Cali, evidence of our successful ‘Tenants First’ philosophy. We’d like to take this opportunity to extend our welcome to the new tenants joining the Mack-Cali portfolio.  We look forward to serving your long-term business needs.”

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 282 properties, consisting of 266 office and office/flex properties totaling approximately 31.5 million square feet and 16 multi-family rental properties containing over 4,900 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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