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Mack-Cali inks 49,000 s/f T-Mobile lease.

Mack-Cali Realty Corporation announced that Omnipoint Communications, Inc., has leased 48,875 s/f at 4 Campus Drive at Mack-Cali Business Campus in Parsippany, NJ. The lease carries a term of eight years.

Omnipoint Communications, doing business as T-Mobile, is a provider of mobile communications services.

The firm also occupies approximately 100,000 s/f at 4 Sylvan Way, a building in the Campus that was recently acquired by Mack-Cali as part of its acquisitions of The Gale Real Estate Services Company and interests in 20 New Jersey properties.

Mitchell E. Hersh, president and chief executive officer of Mack-Cali, stated, "We're pleased that we were able to accommodate Omnipoint's wishes to expand its space within Mack-Cali Business Campus."

He continued, "Our recent acquisitions have increased our holdings in the Parsippany area and enhanced our ability to meet tenants' needs as their space requirements evolve."

Richard Rosenhaus of Rosenhaus Realty represented the tenant, and Jane Greenblatt, in-house senior director of leasing and development, represented Mack-Cali in the transaction.

Four Campus Drive is a 147,475 s/f class A office building that is 95.8 percent leased. Mack-Cali Business Campus is a premier 16-building, class A office complex totaling over 2 million square feet.
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Title Annotation:NEW JERSEY
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Jun 14, 2006
Words:203
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