Mack-Cali Realty Corp. arranges 100,274 s/f lease expansion to BTMU

According to Mack-Cali Realty Corp., The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), a subsidiary of Mitsubishi UFJ Financial Group, has signed a 17-year, 3-month 100,274 s/f expansion lease at Harborside Financial Center, bringing the bank's total leased space to 261,957 s/f. The expansion lease is for space at the 725,600 s/f Harborside Plaza 3. 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 multifamily rental towers, and land—providing an ideal development opportunity. The complex is currently 97.3% leased. The tenant was represented in the transaction by Fred Smith and Curtis Foster of Cushman & Wakefield. Mitchell Hersh, Mack-Cali president and chief executive officer, said, "We are delighted that The Bank of Tokyo-Mitsubishi continues to expand its presence at this premier waterfront complex. This transaction demonstrates our ability to build long-term relationships with leading global businesses."