JERSEY CITY-Colliers International has completed a seven-year,18,500-square-foot sublease on behalf of Intrasphere TechnologiesInc. at Mack-Cali's Harborside Financial Center, Plaza 10, alongthe waterfront here.

Robert Goodman of Colliers International represented IntrasphereTechnologies, a life science consulting firm. Goodman notes thatIntrasphere was pleased with the competitive rents in LowerManhattan, where they are currently based, but the New Jerseyemployee and corporate tax savings ultimately drew the firm toJersey City. Gramercy Realty was the sublessor, repped by JohnWheeler of Jones Lang LaSalle.

"Along with the tax incentives, the Lt. Governor of New Jerseypersonally greeted Intrasphere to help sell their move to NewJersey," Goodman tells "This should serve as a wake-upcall to municipalities across the region to take a more proactiverole in retaining their tenants. The office market in the Tri-Statearea is ultra-competitive, and ultimately, space users of all sizesand across all industries are looking for economic advantages thatserve their business and operational needs." According to Goodman,the rental rate at the building is $29 a square foot.

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