Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(For more retail coverage, click GlobeSt.com/RETAIL.)

JERSEY CITY, NJ-Mack-Cali Realty Corp. announced late yesterday that “a major international bank” has signed a lease for a total of 228,193 sf of office space at the company’s Harborside Financial Center Plaza I on this city’s Hudson River waterfront. Company officials declined to identify the tenant, citing confidentiality requirements, but sources confirm that the tenant is Deutsche Bank. Deutsche Bank is in fact currently listed as a major tenant at the building.

“This transaction is in line with one of our strategic objectives of signing long-term leases with top-caliber tenants,” says Mitchell E. Hersh, president and CEO of the Cranford-based Mack-Cali. “We welcome this firm’s expansion at Harborside Financial Center.”

The lease, which carries a term of 10 years and six months, consists of a renewal of 90,000 sf and an expansion of 138,193 sf, according to information released by Mack-Cali. Harborside Plaza I, a 400,000-sf class A building, had been listed on the REIT’s website with an availability of 200,000 sf. A modernization project on the building was completed earlier this year, and the signing brings its occupancy to just more than 79%, according to Mack-Cali.

The transaction was orchestrated for the tenant by a team of New Jersey and New York brokers from CB Richard Ellis, headed by David Mauer-Hollaender. Mack-Cali was represented in-house.As reported by GlobeSt.com, Deutsche Bank in 2004 extended its lease for 90,000 sf at the building. That agreement was set to end Dec. 31, 2006, and the latest signing extends the financial institution’s now-expanded occupancy at the eight-story building into 2017. Harborside Plaza I is part of a mixed-use complex consisting of some 3.6 million sf of office, hotel and retail space.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



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
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.