Limited Garden State Space Limits WTC Refugees' Options

JERSEY CITY-”Over the past few days, we have received numerous inquiries for available space from real estate brokers,” Mitchell Hersh, CEO of Mack-Cali Realty tells GlobeSt.com. The Cranford, NJ-based REIT, which has a portfolio of more than 28 million sf, mostly in the Northeast, is one of the top commercial property owners in New Jersey’s second largest city. Its Harborside Financial Center, which totals more than 3.7 million sf of existing and under-construction office space, lies directly across the Hudson River from the ill-fated World Trade Center.

“We are first addressing the needs of our existing tenants, some of which also had offices in the World Trade Center and other downtown buildings affected by this terrible tragedy,” Hersh continues. “Because there is very limited vacancy in our portfolio, and virtually none at our existing buildings at Harborside, we are directing these companies to any spaces we have in our suburban properties.”