Augustus Field of Cushman & Wakefield represented Moody's in the transaction. Mark Ravesloot of CB Richard Ellis spoke for Mack-Cali, and Jane Greenblatt, the owner's director of development, provided in-house representation as well.
"Harborside continues to attract companies due to the favorable business environment on the Jersey City waterfront," says Mitchell E. Hersh, Mack-Cali's CEO. "The reinstatement and improvement of the BEIP program will only further the prospects of the waterfront." (See earlier story.)
Harborside Plaza 5, a recently developed, 980,000-sf class A office tower, is currently 55.7% leased. The 34-story asset is located within Harborside Financial Center, a mixed-use complex consisting of 3.6 million sf of office, hotel, retail and residential space.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
