JERSEY CITY-The Bank of Tokyo-Mitsubishi UFJ Ltd., a subsidiary of Mitsubishi UFJ Financial Group, has signed a 10-year, 137,076-square-foot lease extension at Harborside Financial Center here. The tenant was represented by Fred Smith and Curtis Foster of Cushman & Wakefield.
The lease, which would have expired in 2019, now carries a 2029 expiration, and is for space at Harborside Plaza 3, a 725,600-square-foot, class A office building. Harborside Financial Center is a mixed-use, waterfront complex consisting of 3.1 million square feet of class A office, hotel and retail space, as well as land to develop an additional 3.6 million square feet of office space. The complex is currently 97.7% leased.
Mitchell E. Hersh, president and CEO of Mack-Cali, said in a statement, “We’re delighted that BTMU has decided to extend their lease at Harborside Financial Center. We believe that our long-standing relationship, along with the fact that Harborside is the premier office complex on the Jersey City waterfront, facilitated the decision to make a significant space commitment well in advance of the bank’s lease expiration.”
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