Pharmaceutical firm takes 67,000 s/f.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 announced that Alpharma Inc. has signed a new lease for 67,747 s/f at One Grande Commons in Bridgewater, New Jersey. Alpharma Inc., a global specialty pharmaceutical company, will relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. its headquarters to the building from its current location in Fort Lee, NJ. One Grande Commons, a 198,376 s/f class A office building located at 440 Route 22 East, is 91.4% leased. Ron Ganter and Tom Giannone of Cushman & Wakefield represented the tenant and Diane Chayes, in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. vice president of leasing, represented Mack-Cali. Mitchell E. Hersh, chief executive officer of Mack-Cali, commented, "We're delighted that Alpharma has chosen One Grande Commons for its headquarters relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation. 2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. . This transaction demonstrates Mack-Cali's firm commitment to building value by securing long-term leases with high credit-quality tenants." |
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