JERSEY CITY, NJ — Mack-Cali Realty Corporation has attracted SunGard Financial Systems, a leading global financial software company, to Harborside Plaza 3.

SunGard will occupy 41,061 square feet at Harborside Plaza 3. The lease agreement runs through 2023.

“SunGard was a tenant in Newport, at 545 Washington. They were growing and they essentially had to leave their current space because we couldn't accommodate them in that building,” says Christopher DeLorenzo, executive vice president of leasing for Mack-Cali, who spoke exclusively with GlobeSt.com. “They did, however, have other options available to them in that market, but they chose Exchange Place because it fits in more with the type of employees that they are trying to attract.”

SunGard's business is focused on the financial services industry, says DeLorenzo, noting that “the adjacency and immediate access to downtown [Manhattan] and all the financial institutions that reside there was a factor, but also, they really understood and bought into our plan to reimagine Harborside, so we are now really able to deliver on our complete vision of the complex.”

SunGard was also attracted to the availability of workforce-style housing that Mack-Cali is making available through adjacent developments like the new URL multifamily project topped off earlier this month.

“We are delivering 760-plus apartment units that will be relatively small in size, will be of great quality, and something that they thought the millennial workforce would really respond to,” says DeLorenzo. “Harborside's design allows companies to provide their employees with collaborative and efficient work space along with great access to transit options, making it one of the most desirable office properties in the region.”

SunGard Financial was represented by Aaron Ellison and Tyler Vandegrift of Jones Lang LaSalle. Mack-Cali was represented by Tom Savoca, assistant vice president of leasing, Mack-Cali and Mark Ravesloot, Peter Turchin, David Opper, Gerry Miovski, Arkady Smolyansky, and Suzanne Macnow, all of CBRE.

Harborside, totaling 3.1 million square feet of class A office space, features spectacular views of the Manhattan skyline and powerful architecture with modern spaces, including light-filled glass entrances and lobbies. This premier complex offers tenants access to first-class amenities, including retail, restaurants, a waterfront walkway, and the Hyatt Regency hotel.

As part of Mack-Cali's recently announced three-year strategic plan, the company is embarking on a dramatic transformation of Harborside. The company says it intends to capitalize on Harborside's skyline views, abundant nearby housing, and access to regional transit, which includes the PATH train, Hudson-Bergen Light Rail, and ferry service. The revamped Harborside will add new retail, fitness centers, and food concepts, including restaurants and bars.

“While this is already an outstanding property, the amenity package will become even more attractive for TAMI firms like SunGard as Mack-Cali repositions its retail space over the coming years,” says Michael DeMarco, president of Mack-Cali. “It is an exhilarating time to be a part of the Jersey City community as we continue creating a dynamic live-work-play environment.”

Instant Insights /

SunGard Financial Moving to Mack-Cali's Harborside

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