NEW YORK CITY-General Reinsurance Corp., a Berkshire Hathaway subsidiary, has signed on to lease 56,106 square feet at 125 Broad St. in Lower Manhattan. The deal is for 21 years, eight months and will allow Gen Re to consolidate two other Manhattan locations.
“We are proud to welcome Gen Re to our portfolio of class A properties,” Mack-Cali president and CEO Mitchell E. Hersh said in a release announcing the deal. “The location and amenities offered by 125 Broad St. make it one of Downtown Manhattan’s premier business addresses.”
According to the Mack-Cali website, those amenities include proximity to transportation options and the city’s commercial revitalization program, which offers tenants incentives in order to increase occupancy in office and retail space in the area.
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