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Mack-Cali Corp. closes on Merrill's Hudson lease.


Mack-Cali Realty realty n. a short form of "real estate." (See: real estate)


REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property.
 Corporation has confirmed the previously reported 236,000 s/f deal with financial giant, Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis.  & Co., Inc.

The company has expanded and extended its lease and will now occupy 236,350 s/f of space on a long-term basis at 101 Hudson Street Hudson Street can refer to:
  • The Manhattan street -- see Hudson Street (Manhattan)
  • The 1978 TV series A.E.S. Hudson Street
  • The 1995 TV series "Hudson Street -- see Hudson Street (TV show)
 in Jersey City, New Jersey, the building it has called home for several years already.

101 Hudson Street is a 1.25 million square-foot class A waterfront office tower that is 100% leased.

Mitchell E. Hersh, president and chief executive officer of Mack-Cali, commented, "This transaction is in line with our strategy of building successful, long-term relationships with our tenants, and demonstrates the Jersey City waterfront's strong appeal to high-caliber companies such as Merrill Lynch."

Merrill Lynch was represented by Jones Lang LaSalle Jones Lang LaSalle (NYSE: JLL) is a major real estate and money management services firm headquartered in the Aon Center in Chicago, Illinois and the only company in its industry making it into Fortune magazine's list of the 100 Best Places to Work in the U.S.  Inc. in the negotiations.
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Publication:Real Estate Weekly
Date:Jan 3, 2007
Words:133
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