X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PARAMUS, NJ-Industrial services supplier Patent Construction Systems–a division of Harsco Corp.–renewed its lease here at the Mack-Cali Center II office building located at 650 Front Rd.

CB Richard Ellis negotiated the 22,000-square-foot lease renewal, on behalf of Patent Construction. CBRE vice president Ronald Volk and Charles Laginestra, first vice president, represented the tenant in this transaction.

“Harsco’s Patent Construction Systems division will continue to operate its North American headquarters out of this space,” says Volk. “The convenient location and strong ownership, among other building aspects, continue to make it the perfect fit for our client’s needs. We are pleased to have been able to negotiate such an agreeable lease renewal on behalf of this valuable client.”

The 10-year lease renewal secures the 348,510-square-foot, class A building’s occupancy rate at 89% leased, said Mack-Cali president and CEO Mitchell Hersh during the company’s Q4 2008 earnings call.

The five-story building features excellent amenities, including a cafeteria and atrium, and is immediately adjacent to restaurants, shopping and a hotel.

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?

GlobeSt

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