Mack-Cali completes 395,184 SF in leases during 1Q

Real Estate Weekly, May 22, 2002

Mack-Cali Realty Corporation announced it has completed 395,184 SF of lease transactions at its New York and Connecticut properties during the first quarter of 2002.

Highlights include:

* Fuji Medical Systems USA, Inc., a medical imaging product and systems provider and a wholly owned subsidiary of Fuji Photo Film Co., Ltd., signed a six-year 78,690-SF renewal and a 9,310 SF expansion for its headquarters at 419 West Ave. in Stamford, Conn. Upon occupancy of the expansion premises, Fuji will lease the entire 88,000-SF office/flex building. Joseph DiScala of Alliance Partners, Inc. represented the tenant and Jeffrey M. Warner, in-house senior leasing director, represented Mack-Cali.

* EM Industries, Inc., an affiliate of Merck KG&A, a pharmaceutical and chemicals manufacturer and distributor based in Germany, renewed its lease of 33,325 SF at 7 Skyline Drive in Hawthorne, New York. The 109,000-SF class A office building, located at Mid-Westchester Executive Park, is 92.5% leased. Jeffrey M. Warner represented Mack-Call.

* Ferring Pharmaceuticals, Inc., a biopharmaceutical company, signed a new 10-year lease for 19,032 SF at 400 Rella Boulevard in Suffern, N.Y.

The 180,000-SF class A office property is 100% leased. Jack Feeney and James Schroeder of Julien J. Studley, Inc. represented the tenant and Jeffrey M. Warner represented Mack-Cali.