JERSEY CITY-Tower Insurance Co. of New York has signed a long-term lease for 76,892 square feet at Mack-Cali’s Harborside Financial Center in downtown Jersey City.

The property and casualty insurance provider will occupy space at the Plaza 2 building, one of the original Pennsylvania Railroad structures first converted in the 1980s to form the core of Harborside Financial Center. There are now five buildings comprising 3.1 million square feet at the complex. Construction of a 500-unit residential tower is expected to begin next year.

Harborside Financial is set within walking distance of a PATH train station and commuter ferry stop, and includes restaurants, retail, hotel, office and residential amenities such as health clubs and child care. The complex is now 97.3% leased, Mitchell E. Hersh, Mack-Cali president and CEO, says in a release.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.