Mack Cali Realty Corp : Mack-Cali Realty Corporation and The Praedium Group Announce New 26,000-Square-Foot Lease with International Law Firm at One Newark Center
Edison, New Jersey-January 8, 2014-Mack-Cali Realty Corporation (NYSE: CLI) and its joint venture partner, The Praedium Group, today announced that law firm Sedgwick, LLP signed a new lease for 26,074 square feet at One Newark Center in Newark, New Jersey.
Located in the heart of Newark's downtown, the 24-story, 416,429-square-foot office building is 98.4 percent leased. The class A property offers tenants an attached parking garage, cafeteria, 24-hour security, redundant power systems, and The Metropolitan Room at the Newark Club. In addition, One Newark Center is strategically located just one block from Newark Penn Station - a great asset for commuting staff and visitors.
Sedgwick was represented in the transaction by David J. Goldstein, Greg B. Taubin, and Christopher B. Marx, all of Studley. Mack-Cali and The Praedium Group were represented by Jonathan Meisel, Aaron Ellison, and Chris Conklin, all of Jones Lang LaSalle, exclusive leasing agents for the property.
Mitchell E. Hersh, president and chief executive officer of Mack-Cali, commented, "We're delighted to welcome this outstanding firm to One Newark Center. The property's strategic location and rich area amenity base offered the right mix. We look forward to serving Sedgwick's office space needs for many years to come."
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 class A real estate portfolio. Mack-Cali owns or has interests in 279 properties, consisting of 267 office and office/flex properties totaling approximately 31.1 million square feet and 12 multi-family rental properties containing over 3,600 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 and the commercial real estate properties and multi
Veris Residential, Inc. is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company owns, operates, and develops multifamily rental properties located primarily in the Northeast, as well as a portfolio of non-strategic land and commercial assets. The Company operates through two segments: multifamily real estate and services and commercial and other real estate. The Company provides property management, leasing, acquisition, development, construction and tenant-related services for its multifamily real estate portfolio and commercial and other real estate located in the United States. The Company owns and has interests in 24 multifamily rental properties as well as non-strategic assets comprised of one office property, four parking/retail properties, and developable land. It seeks to own a portfolio comprised primarily of Class A multifamily properties with premium amenities and offerings that reflect its commitment to sustainability.
Mack Cali Realty Corp : Mack-Cali Realty Corporation and The Praedium Group Announce New 26,000-Square-Foot Lease with International Law Firm at One Newark Center
VERIS RESIDENTIAL, INC. 
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