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EDISON, NJ-Mack-Cali Realty Corp. has leased 109,873 square feet of office space at its properties in Parsippany, Princeton, Fort Lee, Clark, Cranford, Wall Township and Jersey City. The deals are a combination of new leases and renewals.

Mitchell E. Hersh, president and CEO of the locally based REIT, told GlobeSt.com that the leasing market is tough, but deals are nevertheless getting done. “There is no question that transactions are taking longer,” he says, adding that there are several trends currently taking place in the marketplace. “Tenants would generally prefer to stay in place, especially if their needs for expansion–or frankly contraction–can be accommodated. With our campus-type developments, in many instances, we are able to provide for that flexibility. Flexibility is the key.”

“There is a general flight to quality that simultaneously is going on,” he continued. “That has enabled us to attract several new tenants, both to Parsippany and Fort Lee, where as a result of some consolidation within those companies as well as maturing leases elsewhere, enabled them to move up to higher quality assets. I’m not minimizing the lack of clarity in the market, and the fact that the velocity is off. But at the end of the day, corporate America is still doing business.”

The latest Mack-Cali leases include:

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