Mack-Cali leases 76,892 s/f to Tower Insurance Co.

According to Mack-Cali Realty Corp., Tower Insurance Co.of New York has signed a new 10-year, 11-month 76,892 s/f lease at Harborside Financial Center. The tenant was represented in the transaction by Mark Ravesloot, Scott Sloves, and David Opper, all of CB Richard Ellis. Tower Insurance Co. will occupy space at Harborside Plaza 2, a 761,200 s/f class A office building. Harborside Financial Center is a "city within a city," comprised of five class A office buildings totaling 3.1 million s/f, retail shops, a variety of dining options, planned luxury multifamily rental towers, and land—providing an ideal development opportunity. The complex is currently 97.3% leased. Mitchell Hersh, Mack-Cali president and chief executive officer, said, "We are delighted to welcome Tower Insurance Company to our portfolio of class A office properties. Harborside Financial Center continues to be an attractive office location for leading businesses due to its abundant amenities, excellent transportation access, and significant financial benefits."