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CRANFORD, NJ-With 3Q’s numbers tallied, Mack-Cali Realty Corp., based here, racked up more than 490,000 sf of leasing activity at its properties in northern and central New Jersey in the quarter. The company added more than 165,000 sf in the South Jersey and metro Philadelphia markets. New Jersey’s portion of the total activity was in the 580,000-sf range.<P"We're pleased to be able to accommodate the needs of these businesses for both new and renewal space," according to the firm's CEO, Mitchell E. Hersh. "In today's challenging economy, we feel that our financial strength is increasingly important in companies' decisions in choosing their office space."

The activity in South Jersey was highlighted by Computer Science Corp.’s taking just over 90,000 sf at two locations. CSC re-upped for the entire 49,000-sf office/flex building at 2 Commerce Dr. at Moorestown West Corporate Center, Moorestown. The company also signed two leases (one a renewal, the other an expansion) totaling 41,250 sf at Expressway Corporate Center in Egg Harbor Twp.

In the northern and central parts of the state, key deals included State Street Bank’s renewal for 114,500 sf of office space at 500 College Rd. in Princeton. Also, MCI Worldcom Communications renewed its lease for just under 37,800 sf for five years at 8 Campus Dr., a 215,265-sf class A asset in the Mack-Cali Business Campus in Parsippany. The property is currently 100% leased.

Meanwhile, the law firm of Brach, Eichler, Rosenberg, Silver, Hammer & Gladstone renewed its 31,103-sf lease for 10 years at 101 Parkway in the Eisenhower/280 Corporate Center in Roseland, NJ. The 237,000-sf class a property is 84% leased. And Harsco Corporation Patent Co., which supplies construction products and services, renewed its 31,000-sf lease for seven years at Mack-Cali Centre II in Paramus, NJ. Also at Mack-Cali Centre II, URS Corp., an engineering and allied science organization, renewed for 24,667 sf for 10 years.

Finally, ADT Security Services, a wholly-owned subsidiary of Tyco International, signed a new 10-year lease for 26,830 sf of space at 29 Commerce Way at the Commercenter Business Park in Totowa, NJ. The 48,930-sf office/flex property is currently 100% leased.

Mack-Cali’s current portfolio consists of full ownership or interests in 268 properties, primarily office and office/flex buildings. Located in the Northeast, the properties total some 28.5 million sf.

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