JERSEY CITY, NJ—Mack-Cali Realty Corporation has snagged another New York-based investment bank for its Harborside Plaza development in Jersey City. Brown Brothers Harriman has signed a new 11-year lease for 114,798 square feet at Harborside Plaza 5 in Jersey City, NJ.
Moving from the Newport complex within the Jersey City Waterfront market, BBH will transfer more than 500 employees to the new location. Harborside Plaza 5 is a 977,225-square-foot, class A office tower located in the heart of Jersey City. The building features landscaped outdoor seating areas, restaurants, and breathtaking, panoramic views of the Manhattan skyline and New York Harbor. The property is currently 99 percent leased.
Harborside, a highly successful waterfront complex, is being transformed into a next generation, interconnected, 24/7 mixed-use destination. Its inspirational working places and future aspirational living spaces—featuring a grand atrium, on-site Hyatt Regency, immediate access to the PATH station and light rail, as well as an incredible outdoor esplanade—provide tenants with a cutting-edge location for their business.
The tenant was represented in the transaction by Scott Gamber, Robert Stillman, and Peter Gamber, all of CBRE. Mack-Cali was represented by its in-house team of Chris DeLorenzo, senior vice president of leasing, and Tom Savoca, assistant vice president of leasing, as well as the CBRE team of Mark Ravesloot, Peter Turchin, Gerry Miovski, Suzanne Macnow, and Arkady Smolyansky.
“We're thrilled to welcome Brown Brothers Harriman to the Mack-Cali portfolio. Harborside Plaza 5 was an ideal choice for BBH due to the efficiencies generated by the building's large floor plates, modern design, state-of-the-art infrastructure, and premier telecom connectivity,” says Mitchell E. Rudin, chief executive officer of Mack-Cali. “We look forward to serving their needs for years to come.”
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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].
