EDISON, NJ—Mack-Cali Realty Corp. leased 587,245 sf of space in its office and office/flex commercial real estate properties in Northern and Central New Jersey during the second quarter. Portfolio-wide, Mack-Cali says it leased more than 876K SF during the quarter.
“We are pleased that so many of our tenants choose to renew and expand with Mack-Cali, proof that we deliver on our promise to provide an office experience that is unmatched in the industry,” says Mitchell E. Hersh, president and chief executive officer. “And, we welcome our new tenants to the Mack-Cali portfolio.”
Highlights of the second quarter transactions include:
• Savvis Communications Corporation, which is now CenturyLink Technology Solutions, a global provider of cloud and managed solutions, signed a renewal lease for 71,474 sf at Harborside Plaza 3 in Jersey City. The 725,600 sf office building is 78.4% leased. The tenant was represented in the transaction by Jeff Kolodkin of Newmark Grubb Knight Frank. Mack-Cali was represented in-house by Thomas Savoca, assistant vice president of leasing.
• Mannkind Corporation, involved in the discovery, development, and commercialization of therapeutic products, signed a renewal lease for 22,746 square feet at Mack-Cali Centre IV, 61 South Paramus Road in Paramus. The tenant was represented in the transaction by Dan De Palma of Jones Lang LaSalle. Mack-Cali was represented in-house by Christopher DeLorenzo, senior vice president of leasing.
• Jack Henry & Associates Inc., a provider of computer systems and electronic payment solutions, signed a new lease for 20,278 square feet at 2 Center Court in Totowa. The 30,600-square-foot office/flex building, located in Mack-Cali Commercenter, is fully leased. The tenant was represented in the transaction by James Scancarella of Cresa NJ. Mack-Cali was represented in-house by Thomas Savoca.
• ADT LLC, d/b/a ADT Security Services, a provider of electronic security and monitoring services, signed a new lease for 20,780 square feet at 20 Commerce Way, also in Mack-Cali Commercenter. The 42,540-square-foot office/flex building is 95.5% leased. The tenant was represented in the transaction by Brian J. Godau of CBRE. Mack-Cali was represented in-house by Thomas Savoca.
• FTI Consulting Inc., a global business advisory services firm, signed a lease renewal for 18,462 square feet at 101 Eisenhower Parkway in Roseland. The 237,000-square-foot office building, located in Eisenhower/280 Corporate Center, is 83.3% leased.
Last week Mack-Cali announced a new lease with United Water Management & Services, Inc. for 116,360 square feet at Mack-Cali Centre VI, 461 From Road in Paramus. The 253,554-square-foot office building is 86.5% leased.
Mack-Caliis a fully integrated, self-administered, self-managed REIT providing management, leasing, development, construction and other tenant-related services for its class A real estate portfolio. Mack-Cali owns or has interests in 279 properties, consisting of 266 office and office/flex properties totaling approximately 31.5M SF and 13 multi-family rental properties containing over 3,900 residential units, all located in the Northeast. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of commercial and residential tenants.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
