PricewaterhouseCoopers was represented by the mother/daughter team of principal Seena Stein and director Hope Brodsky of Newmark Knight Frank, both of that firm's Rutherford office. Mack-Cali was represented internally by leasing director Tom Savoca. The Tampa, FL-based CLW Real Estate Services Group co-brokered the transaction with Stein and Brodsky. Terms of the signing were not released; however, the space had been listed on Mack-Cali's website with an asking price of $40 per sf.
101 Hudson St. is a 42-story class A office tower totaling some 1.2 million sf on this city's Hudson River waterfront. Mack-Cali acquired the building in early 2005 from a partnership headed by LCOR and including the State Teachers Retirement System of Ohio and Merrill Lynch. The sale price of $329 million factors out to $275 per sf. Merrill Lynch continues to occupy about half of the massive asset, which is referred to locally as the Merrill Lynch Building.
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