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Posted: January 11, 2010
Mack-Cali Realty Corp. leases 39,069 s/f to the PBA at 125 Broad Street
According to Mack-Cali Realty Corp., the Patrolmen's Benevolent Association (PBA) of the city has signed a new 15-year lease for 39,069 s/f at 125 Broad St.
The PBA will house its executive offices at this class A office building and were represented by Mark Friedman and Annie Yao of FirstService Williams, with legal representation provided by Christine McGuiness of Schiff Hardin LLP. Mack-Cali was represented by Mark Ravesloot, Scott Sloves, and Lisa Cear of CBRE. Mack-Cali's ownership interests of 524,476 s/f in the building are 100% leased.
Mitchell Hersh, Mack-Cali president and CEO, said, "We are proud to welcome the PBA to our portfolio of premier properties. The location and amenities offered by 125 Broad St. make it one of Downtown Manhattan's most prestigious business addresses."
Mack-Cali Realty 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 289 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 33.2 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of approximately 2,100 tenants. Additional information on Mack-Cali Realty Corporation is available on the Company's website at www.mack-cali.com.
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