Michael A. Grossman, executive vice president of Mack-Cali, commented on the deal by saying, "One Ramland Road offered this tenant an excellent opportunity--state-of-the-art office space that was fully wired and furnished for quick move-in, as well as an ideal Rockland County location close to highways and with a convenient commute for the area's skilled workforce."
WMC officials expect the firm will create 150 jobs almost immediately and will eventually have as many as 300 workers at its new Rockland County-based operation in the next three years.
The Woodland Hills, CA-based company will be eligible for a $3.5-million sales tax exemption from the County of Rockland Industrial Development Agency as well as state grant financing. The company is expected to launch operations at the Mack-Cali property sometime in April.
Matthew Seltzer and Richard Baumstein of Cushman & Wakefield represented WMC in the transaction, and Christopher DeLorenzo, in-house senior leasing director, represented the owner, which is a joint venture between Mack-Cali and a private developer.
WMC Mortgage, which specializes in sub-prime mortgage financing, joins DaimlerChrysler, which occupies a portion of One Ramland Road. Mack-Cali officials say that there is currently 160,000 sf of space available at the property. More than 95,000 sf of available space is fully wired, furnished and ready for immediate occupancy, they add.
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