Market Overview

Mack-Cali Announces Lease Agreement For Over 41,000 Square Feet At Harborside On The Jersey City Waterfront

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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.

Posted-In: News Press Releases

 

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