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IRS Re-Ups for 26,000 SF

NEWARK-The federal agency will stay on at Gale and Praedium's One Newark Center, where it has been a tenant since 1992.

By Eric Peterson | Updated on October 08, 2007

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.

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