Mack-Cali Announces Lease Agreement for Over 41,000 Square Feet at Harborside on the Jersey City Waterfront
10/12/2015 Category: Leasing and Development
SunGard Financial Systems LLC to Lease Space at Harborside Through 2023
Edison, New Jersey—October 12, 2015—Mack-Cali Realty Corporation (NYSE: CLI) today announced that SunGard Financial Systems LLC, a leading global financial software company, will occupy 41,061 square feet at Harborside Plaza 3. The lease agreement runs through 2023.
“We are excited to welcome SunGard Financial to Harborside Plaza 3, which features super wide floor plates in the heart of Jersey City’s Waterfront,” said Christopher DeLorenzo, executive vice president of leasing for Mack-Cali. “The property’s design allows companies to provide their employees with collaborative and efficient work space along with great access to transit options, making it one of the most desirable office properties in the region.”
SunGard Financial was represented by Aaron Ellison and Tyler Vandegrift of Jones Lang LaSalle. Mack-Cali was represented by Tom Savoca, assistant vice president of leasing, Mack‑Cali and Mark Ravesloot, Peter Turchin, David Opper, Gerry Miovski, Arkady Smolyansky, and Suzanne Macnow, all of CBRE.
Harborside, totaling 3.1 million square feet of class A office space, features spectacular views of the Manhattan skyline and powerful architecture with modern spaces, including light-filled glass entrances and lobbies. This premier complex offers tenants access to first-class amenities, including retail, restaurants, a waterfront walkway, and the Hyatt Regency hotel.
As part of Mack-Cali’s recently announced three-year strategic plan, the company is embarking on a dramatic transformation of Harborside. The company intends to capitalize on Harborside’s skyline views, abundant nearby housing, and access to regional transit, which includes the PATH train, Hudson-Bergen Light Rail, and ferry service. The revamped Harborside will add new retail, fitness centers, and food concepts, including restaurants and bars. Additionally, Mack-Cali recently topped-out URL(R) Harborside, a 763-unit, multi-family residential building, adding another exciting residential option for young professionals in Jersey City.
“While this is already an outstanding property, the amenity package will become even more attractive for TAMI firms like SunGard as Mack-Cali repositions its retail space over the coming years,” said Michael DeMarco, president of Mack-Cali. “It is an exhilarating time to be a part of the Jersey City community as we continue creating a dynamic live-work-play environment.”
The form 8-K filed with the SEC on September 9, 2015, which outlines Mack-Cali’s strategic plan, can be viewed at www.mack-cali.com/investors/company-filings-reports.
About Mack-Cali Realty Corporation
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 two-platform operations of waterfront and transit-based office and luxury multi-family. Mack-Cali owns or has interests in 274 properties, consisting of 146 office and 109 flex properties totaling approximately 29.7 million square feet and 19 multi-family rental properties containing approximately 5,700 residential units and a pipeline of 10,000 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 and the commercial real estate properties and multi-family residential communities available for lease can be found 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.