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Mack-Cali closes on 550,000 s/f leasing run.

Mack-Cali Realty Corporation announced it has completed 553,681 s/f of leasing transactions at its Northern and Central New Jersey properties during the fourth quarter of 2005. Company-wide, Mack-Cali leased over 1.1 million s/f of space during the quarter, and over 5.6 million s/f during the year.

Fourth quarter transactions already announced during the quarter include leases at Harborside Financial Center in Jersey City with Sumitomo Mitsui Banking Corporation, for 71,153 s/f, and Fred Alger & Company, for 37,785 s/f.

Other highlights include Deutsche Bank, a financial service provider, extendeding its lease for 90,000 s/f at Harborside Financial Center Plaza 1 in Jersey City. The 400,000 s/f building, which recently received extensive modernizations, is located at Harborside Financial Center on the Jersey City waterfront. The 3.1 million s/f class A office complex is 91.0 percent leased. Christopher DeLorenzo, in-house vice president of leasing, represented Mack-Cali.

National Union Fire Insurance Company of Pittsburgh, PA, a subsidiary of The American International Group, Inc., expanded by 38,507 s/f at 101 Hudson Street in Jersey City. The firm now leases 317,799 s/f in the 1.25 million s/f class A office tower, which is 99.5% leased. Lewis Miller and Andrew Sussman of CB Richard Ellis represented the tenant and Thomas Savoca, in-house director of leasing, and Christopher DeLorenzo represented Mack-Cali.

Paychex North America, Inc., a payroll services provider, leased 30,156 s/f at 30 Knightsbridge Road in Piscataway. 30 Knightsbridge Road is a 680,350 s/f office complex that is 66.8 percent leased. Michael Maroon of The Acclaim Group, LLC represented the tenant and Diane Chayes, in-house vice president of leasing, represented Mack-Cali.

Groundwater/Environmental Services, Inc., an environmental consulting and contracting firm, leased 30,070 s/f at 1340 Campus Parkway at Monmouth Shores Corporate Park in Wall Township. The transaction is a renewal of 24,200 s/f and an expansion of 5,870 s/f. 1340 Campus Parkway is a 100 percent leased, 72,502 s/f office/flex building. Peter Yannotta and Bryan Lisowski of Equis Corporation represented the tenant and Diane Chayes represented Mack-Cali.

Lee Hecht Harrison, a career management and consulting services provider, renewed leases for 22,336 s/ f at 50 Tice Boulevard in Woodcliff Lake. The 235,000 s/f, class A office building is 100 percent leased. Barry Saywitz of The Saywitz Company represented the tenant and Christopher DeLorenzo represented Mack-Cali.
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Title Annotation:NEW JERSEY
Publication:Real Estate Weekly
Date:Mar 8, 2006
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