NEWARK-The Internal Revenue Service has signed a new five-year lease for a full floor at One Newark Center, a 418,027-sf tower at 1085 Raymond Blvd. in this city's Downtown. The renewal represents a total of 26,074 sf in the 22-story, class A building.

The owners, a partnership of Mack-Cali subsidiary Gale Real Estate Services and the New York City-based Praedium Group, were represented by Gale assistant VP Brian Decillis. The IRS was represented by Charles Chandler of the Arlington, VA-based Wrightwood Properties Inc. Further terms were not released; availabilities in the building are currently listed with asking prices in the $31-per-sf to $34-per-sf range.

“We're pleased to retain the IRS as a tenant,” says Mark Yeager, president of the Roseland-based Gale. “We're building a tenant relationship that has been in place since 1992, when the IRS became one of the original tenants of the building.”