Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ELMSFORD, NY – Dominated mostly by lease renewals and expansions, Mack-Cali Realty Corp. has closed on 416,712 sf of transactions in the third quarter of 2002 at its suburban New York and Connecticut properties.

The largest lease transaction recorded during that three-month period was with Nestlé Waters North America Inc., a division of the Nestlé Group, which leased 55,236 sf at 5 Warehouse Lane in Elmsford, NY. The lease included an 18,946-sf expansion for the Mack-Cali tenant. The 5 Warehouse Lane building, a 75,100-sf industrial property located at Elmsford Distribution Center, is 89.3% leased.

The largest new lease deals reported by the Cranford, NJ-based REIT included Fabrication Enterprises Inc.’s new lease for 20,500 sf at 3 Westchester Plaza in Elmsford. The deal with the supplier of physical and occupational therapy products brought the 93,500-sf office/flex property, to 94.6% leased. Howard Berger of Anson & Berger represented Fabrication Enterprises in the deal. Also, Aramark Uniform and Career Apparel inked a new lease for 16,300 sf at 3 Westchester Plaza. Richard Leroy of Delphi Properties represented the tenant in the transaction.

Other deals of note during the third quarter included the expansion lease agreement by Bunge Management Service Inc. at 50 Main St., a 309,000-sf office building in downtown White Plains. The international agribusiness and food company signed a 7,000-sf lease that brought its total space to 29,165 sf in the building. The 50 Main St. property is now 100% leased. Philip Luria of Austin Corporate Properties represented the tenant in the lease expansion transaction.

Mack-Cali officials report two major lease renewals were executed at the firm’s northern New York suburban properties. Xand Corp., a managed service provider, renewed its lease for 46,078 sf at 11 Skyline Dr. in Hawthorne, NY. Xand occupies the entire office/flex property, which is located at the Mid-Westchester Executive Park. In addition, McCarthy Fingar Donovan et al., a local law firm, signed a renewal lease for 20,000 sf at 11 Martine Ave. in White Plains. Located at the Westchester Financial Center complex, the 180,000-sf office property is 100% leased.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.