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Deals & Dealmakers

KPMG inks 54,000 s/f deal with Mack-Cali

Mack-Cali Realty Corporation  announced that KPMG, a  global accounting firm, has signed a new long-term lease for 54,341 s/f at 150 John F. Kennedy Parkway in Short Hills, New Jersey.

The Mack-Cali property is a 247,476 s/f, five-story, class A office building located in Essex County, directly off Route 24. The location offers access to the Garden State Parkway and the New Jersey Turnpike, as well as to Newark Liberty International Airport.

“We are thrilled to continue Mack-Cali’s long-standing relationship with KPMG and we are excited that they have chosen to continue to grow within our portfolio,” said Christopher DeLorenzo, Mack-Cali executive vice president of leasing. “The building’s recent renovations, unrivaled amenities, and convenient location are extremely attractive to tenants like KPMG who demand a premier space.”

150 JFK Parkway
150 JFK Parkway

Mack-Cali recently renovated the lobby, which now features wood, glass, and granite finishes, media screens, and an enhanced entryway with granite pavers and stainless steel light Bollards. The property also has a five-story skylit atrium, covered parking, proximity to  shopping at The Mall at Short Hills, as well as on-site property management. Other amenities include lobby-level food service and complimentary WiFi in the café and lobby. 150 John F. Kennedy Parkway is 100 percent leased.

 

“This deal is a strong example of the benefits that we expect to come from Mack-Cali’s recently announced strategic shift and three-year plan,” said Mitchell Rudin, Mack-Cali chief executive officer. “As part of that plan, we are focusing on our class A assets with convenient access to transit options and bolstering those properties through renovations – ultimately providing tenants like KPMG with exactly the services they demand.”

The tenant was represented by Jeffrey C. Babikian, Patrick Murphy, and Kenneth J. Boland, all of CBRE.

KPMG is among Mack-Cali’s largest corporate tenants, with more than 182,000 s/f of additional space in Roseland and Woodcliff Lake, NJ.

 

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