Mack announces lease renewals in Jersey totaling 221,000 s/f

Real Estate Weekly, August 2, 2006

Mack-Cali Realty Corporation announced that it has signed two lease renewals at office properties in Woodcliff Lake, New Jersey, totaling 138,009 square feet.

JPMorgan Chase Bank, NA, a global financial services firm, has renewed its lease of 68,766 s/f for three years at 300 Tice Boulevard. The 230,000 s/f class A office building is 100% leased.

Richard Baumstein of Cushman & Wakefield of New Jersey represented the tenant and Christopher DeLorenzo, in-house vice president of leasing, represented Mack-Cali.

Syncsort Incorporated, a developer of business intelligence and data warehousing software, signed a 10-year lease renewal for 69,243 s/f for its corporate headquarters at 50 Tice Boulevard. 50 Tice Boulevard is a 235,000 s/f class A office building that is 100% leased.

Michael Maroon of Acclaim represented the tenant and Christopher DeLorenzo represented Mack-Cali.

Mitchell E. Hersh, Mack-Cali president and chief executive officer, commented, "We're pleased to have these leading companies renew their office space in our portfolio.

"We are committed to serving our tenants' space needs on an ongoing basis, and lease renewals such as these are testament to our success."

The company also announced that Computer Sciences Corporation has renewed leases for two entire office buildings at Expressway Corporate Center in Egg Harbor Township, NJ

The leases, which carry five-year terms, are for 41,600 s/f at 100 Decadon Drive and 41,250 s/f at 200 Decadon Drive.

According to Hersh, CSC has been a Mack-Cali tenant for over a decade.