Mack-Cali Realty Corporation today announced that it leased 242,310 square feet during the fourth quarter at its office and office/flex properties in Westchester.
Most of the deals were commercial real estate renewals, but there were several expansions as well.
Highlights of the fourth quarter transactions include:
- Nestlé Waters North America, Inc., the bottled water company, signed a renewal for 47,232 square feet at 5 Warehouse Lane in Elmsford. Located in Elmsford Distribution Center, the 75,100-square-foot industrial/warehouse building is 97.1 percent leased. The tenant was represented in the transaction by Frank W. Truesdell and Torey Piccini, both of Jones Lang LaSalle. Mack-Cali was represented in-house by Ivan Abry, senior director of leasing.
- HQ Global Workplaces LLC, a provider of workplace solutions, signed a renewal lease for 22,064 square feet at 50 Main St. in White Plains. The 309,000-square-foot office building in Westchester Financial Center is 85.2 percent leased. The tenant was represented in the transaction by David Block of CBRE. Mack-Cali was represented by Louis Amalfitano, senior director of leasing.
- Bronx-Lebanon Hospital Center signed transactions totaling 20,625 square feet at 1 Executive Blvd. in Yonkers. The transactions consisted of an 18,140-square-foot lease renewal and a 2,485-square-foot expansion. The 112,000-square-foot office building, located in South Westchester Executive Park, is 100 percent leased. Mack-Cali was represented in-house by Carol McGuire, senior director of leasing.
- Montefiore Medical Center signed lease transactions totaling 13,512 square feet consisting of a 9,170-square-foot renewal at 1 Executive Blvd. and a new 4,342-square-foot lease at 3 Executive Blvd., leaving only a small vacancy at that building. The tenant was represented in the transaction by Glenn Walsh and Greg Frisoli, both formerly of Cushman & Wakefield. Mack-Cali was represented in-house by Carol McGuire.
In addition, Mack-Cali previously announced that Barrie House Coffee, a leading coffee manufacturing and allied product distribution company, signed a new lease for 67,721 square feet at 4 Warehouse Lane at Elmsford Distribution Center in Elmsford. The tenant was represented in the transaction by Andrew Grossman of NAI Friedland. Mack-Cali was represented in-house by Ivan Abry.
Mitchell E. Hersh, president and chief executive officer, commented, “While overall market activity continues to be slow, we are pleased with the leasing activity we are seeing in the Westchester County market, where we continue to attract and retain high-credit quality tenants.”
Additional information on Mack-Cali Realty Corporation is available on the Company’s website at www.mack-cali.com.