FORT LEE, NJ-Mack-Cali Realty Corp. has inked three leases totaling 39,000 sf at its One Bridge Plaza office building here. The signings follow the recent completion of a capital improvement program to the building, including upgraded common areas, a new HVAC system and upgraded elevator cabs.
In the largest of the latest signings, the Regus Group, a workplace solutions provider, took 20,000 sf. Dainippon Sumitomo Pharma, a Japanese pharmaceutical R&D company, meanwhile, signed on the 14,000 sf. And Harris myCFO, a family-office financial firm, took 5,000 sf.
A CB Richard Ellis team headed by first VP Gregory Barkan and including the firm's Korean, Japanese and Chinese desks, represented the ownership in all three signings. CBRE also represented Regus on the tenant side, and Tomoko Sasaki of Chilmark Consultants represented Dainippon Sumitomo.
The terms of the various signings were not released. The building is currently listed with an availability totaling approximately 84,000 sf, including a contiguous block of 53,800 sf, with an asking price of $28 to $30 per sf. The CBRE team has the exclusive for the available space, and the contiguous space is said to be the largest block of class A office space currently available in the Fort Lee marketplace.
One Bridge Plaza totals 200,000 sf on 10 floors near the entrance to the George Washington Bridge to Manhattan. Multiple floors have 34,000-sf floorplates, and the building's architectural design has created 16 corner offices per floor. The building has been in Mack-Cali's hands since late 1996 when it was acquired by a predecessor company, Cali Realty.
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