"It was a consolidation of some other user groups, as well asgeneric expansion," says Mark Yaeger, president and chiefinvestment officer, Gale Real Estate Services. "They have a newcorporate standard for space planning."

Gale, now a subsidiary of Mack-Cali Realty Corp., recentlycompleted construction of the 175,000-sf, five-story building, thethird to rise in the Center of Morris County office park. Despite ahigh office vacancy rate throughout New Jersey, very few largeblocks of space are available. Gale's leasing of the building sosoon after construction is testament to that logic.

Only 15,000 sf of space will be left to fill in 100 Kimball Dr.after Deloitte takes its four and a half floors. The move in istargeted for Dec. 15. Deloitte doesn't have far to move its staff,coming from around 90,000 sf at 2 Hilton Court, also inParsippany.The Hilton Court space won't be left vacant, though."The beauty of this deal is the existing tenant, Daiichi Sankyo,the Japanese pharmaceutical firm, has an arrangement with Mack-Calito backfill the space Deloitte is leaving. So this is netabsorption," Yaeger says.

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