AAA has preleased the building at 700 Horizon Dr., which it willuse as an operations center, for 15 years. Added up, AAA is roughlydoubling its space through its consolidation and expansion, andbringing in 32 jobs from out of state. AAA was represented byRobert Bull, Philip Lipper and Michael Kennedy of Studley in alltransactions.

"It was a relationship transaction," says Hersh, who knows bothAAA executives and the Studley team. "We hope to do a lot moretogether."

Mack-Cali's two purchased structures are at 2 South Gold Dr. and3 and 5 AAA Dr. Two South Gold, a 33,962-sf office building on 9.5acres, was formerly occupied by AAA, who will continue to lease9,784 sf of it for 10 years as a retail location. It can beredeveloped for up to 120,000 sf of commercial space. 3 and 5 AAADr., totaling 35,270 sf on 17 acres, will be vacated by AAA. It canbe redeveloped for 161,000 sf of commercial space.

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