Mack-Cali Signs 221,000 SF of Renewals

Two of the signings have come at the locally based REIT's properties in Woodcliff Lake, amounting to 138,900 sf. For one, global financial services company JPMorgan Chase Bank, has re-upped for 68,766 sf for three years at 300 Tice Blvd. The 230,000-sf class A office building on 20 acres is currently 100% leased. Richard Baumstein of Cushman & Wakefield of New Jersey, East Rutherford, represented the tenant. Christopher DeLorenzo, in-house vice president of leasing, represented Mack-Cali.

In the second Woodcliff Lake deal, Syncsort Inc. a developer of business intelligence and data warehousing software, has signed a 10-year lease renewal for 69,243 sf for its corporate headquarters at 50 Tice Blvd. The 235,000-sf class A building is similarly 100% leased. Syncsort was represented by Michael Maroon of the Cranford-based Acclaim Group; DeLorenzo again represented Mack-Cali.

"We're pleased to have these leading companies renew their office space in our portfolio," says Mitchell E. Hersh, Mack-Cali's president and CEO. "We are committed to serving our tenants' space needs on an ongoing basis."

The two full-building signings involve the same company and a Mack-Cali property in South Jersey's Egg Harbor Township. Computer Sciences Corp. has re-upped at 100 Decadon Dr. (41,600 sf) and 200 Decadon Dr. (41,250 sf). The two buildings comprise Expressway Corporate Center, and CSC will occupy both for at least the next five years. Donna Bleiler, in-house director of leasing, spoke for Mack-Cali.

Mack-Cali's current portfolio numbers 302 properties, mostly office and office/flex space in the Northeast, totaling 34.1 million sf. Those numbers include the REIT's acquisition earlier this year of most of the holding of the Gale Co.