CBRE reps Mack-Cali in 56,106 s/f lease to Gen Re at 125 Broad Street

According to the Mack-Cali Realty Corp., General Reinsurance Corp. (Gen Re) has signed a new 21-year, eight-month, 56,106 s/f lease at 125 Broad St. The transaction represents a consolidation from two other locations. Gen Re, a subsidiary of Berkshire Hathaway, is one of the world's leading reinsurers, operating through more than 45 offices in 26 countries. Mitchell Hersh, Mack-Cali president and CEO, said, "We are proud to welcome Gen Re to our portfolio of class A properties. The location and amenities offered by 125 Broad St. make it one of Downtown Manhattan's most premier business addresses." John Picco, Peter Van Duyne, and Thomas Kaufman, of Cushman & Wakefield represented Gen Re in this transaction. Mack-Cali was represented by Mark Ravesloot, Peter Turchin, Gerry Miovski, Zachary Freeman, and Christopher Levinson, of CB Richard Ellis.