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Deals & Dealmakers

Mack-Cali inks 120,000 s/f lease with United Water

Mack-Cali Realty Corporation (NYSE: CLI) today announced that United Water Management & Services, Inc., a sustainable water and wastewater management solutions provider, has signed a new 20-year, 116,360 s/f lease at Mack-Cali Centre VI, 461 From Road, in Paramus, New Jersey.

Located in the heart of Bergen County, Mack-Centre VI—a five-story, 253,554 s/f office building—is 86.5 percent leased. The class A property offers tenants an on-site cafeteria, roving security, and numerous nearby amenities.

United Water was recently awarded $5.5 million in tax credits from the New Jersey Economic Development Authority (NJEDA), through its Grow New Jersey Assistance Program, to remain in the state.

MITCHELL HERSH
MITCHELL HERSH

Mitchell E. Hersh, president and chief executive officer of Mack-Cali, commented, “We’re delighted that United Water has chosen this premier property and we look forward to providing a superior work environment for years to come. This reflects the continued success of Mack-Cali’s strategy to build successful, long-term tenant relationships by maintaining high standards for both our properties and our services.”

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