Mack-Cali Announces Fourth Quarter Leasing Activity at 125 Broad Street in Downtown Manhattan
02/12/2013 Category: Leasing and Development
Edison, New Jersey—February 12, 2013—Mack-Cali Realty Corporation (NYSE: CLI) today announced that it leased 133,008 square feet during the fourth quarter at 125 Broad Street in Downtown Manhattan, New York. Portfolio-wide, Mack-Cali leased 1,147,218 square feet of space during the quarter.
The transactions include:
- AECOM Technology Corporation, a global technical and support services firm, signed a new lease for 91,414 square feet. The tenant was represented in the transaction by Adam Foster, Fred Facklemeyer, and Michael T. Scimo, all of CBRE. AECOM is an existing Mack-Cali tenant at its 30 Knightsbridge Road in Piscataway, New Jersey, where it also renewed its lease for 59,652 square feet as well as expanding by 11,280 square feet.
- Institute for Community Living, Inc., a not-for-profit corporation that assists individuals with disabilities, signed a new lease for 41,594 square feet. The tenant was represented by Janet Woods and Ellen Herman, both of Jones Lang LaSalle.
Mack-Cali was represented in both transactions by CBRE.
125 Broad Street offers class A, state-of-the-art office space in Downtown Manhattan. In addition to efficiency and flexibility, the building features an impressive lobby, enviable New York Harbor views from all floors, and an extraordinary corporate address. Situated at the entrance to FDR Drive, this prime office space provides easy access to the Hugh L. Carey (formerly Brooklyn Battery) Tunnel, the Brooklyn Bridge, and the Holland Tunnel. In addition, the tower's location offers access to numerous transportation options, including subway, bus, ferry, and helicopter.
Mack-Cali’s ownership interests of 524,476 square feet in the building are 100 percent leased.
Mitchell E. Hersh, president and chief executive officer, commented, “We’re delighted to bring this premier property to full occupancy. The location and amenities combine to make 125 Broad Street one of Downtown Manhattan’s most prestigious business addresses.”
Mack-Cali Realty Corporation is a fully integrated, self-administered, self-managed real estate investment trust (REIT) providing management, leasing, development, construction and other tenant-related services for its class A real estate portfolio. Mack-Cali owns or has interests in 278 properties consisting of 271 office and office/flex properties totaling approximately 31.6 million square feet and seven multi-family rental properties containing over 2,000 residential units, all located in the Northeast. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of commercial and residential tenants.
Additional information on Mack-Cali Realty Corporation is available on the Company’s website at www.mack‑cali.com.
Statements made in this press release may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “potential,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate, and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Disclosure Regarding Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q, which are incorporated herein by reference. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.