Tuesday, November 6, 2012

Mack-Cali leases in quarter include Vitality Foodservice, Moorestown center

CORT Business Services Corp. was among the companies to lease space in South Jersey with Mack-Cali Realty Corp. during the third quarter.
The real estate investment trust said it leased 168,747 square feet in buildings it owns in its suburban Philadelphia, South Jersey, Washington, D.C., and Maryland markets. Mack-Cali, which has a concentration of buildings in North Jersey, leased a total of 932,990 square feet of space during the quarter.
Some of the local deals include: CORT, which renewed on 46,880 square feet at 31 Twosome Drive in Moorestown, N.J.; and Vitality Foodservice Inc., a Nestlé company, which renewed on 14,700 square feet at 5 Terri Lane in Burlington Township, N.J.
A 74,555-square-foot office/flex building, located in Bromley Commons, is 100 percent leased. Riley Sales Inc., a satellite data communications company, signed an 11,970-square-foot renewal at 915 N. Lenola Road, also in Moorestown. The 52,488-square foot office/flex building, located at Moorestown West Corporate Center, is fully leased. Regus has signed eight new leases during the quarter totaling 110,242 square feet. The transactions included a 14,112-square-foot lease at 5 Sentry Park W. in Blue Bell, Pa.

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