News: Brokerage

McGuire of Mack-Cali arranges 89,710 s/f lease for Xand Corporation

Mack-Cali Realty Corp. has recently leased 89,710 s/f to Xand Corporation at Mid-Westchester Executive Park. The transactions consist of the following: * A three-year, 46,078 s/f lease extension for the entire office/flex building at 11 Skyline Dr., extending the term to 10 years and nine months. * A new 10-year, nine-month lease for 43,632 s/f at 17 Skyline Dr. This lease brings the 85,000 s/f class A office building to 100% leased. Xand Corp., a provider of data center infrastructure and business continuity solutions, has undergone several expansions since it became a Mack-Cali tenant in 1990. Mitchell Hersh, Mack-Cali president and CEO, said, "This transaction is in line with our strategy of building successful, long-term relationships with our tenants. We are very pleased that as Xand's space needs have grown, it has chosen to expand within this leading Mack-Cali business park." Carol McGuire, senior director of leasing, represented Mack-Cali on the transaction.
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