Friday, October 31, 2014

Mack-Cali Leases 40K SF in South Jersey Properties in 3Q

Mack-Cali leased about 40,000 square feet at its office and office/flex commercial real estate properties in Southern New Jersey during the third quarter.

Highlights of the third quarter transactions include:

EVO Merchant Services, LLC, a payments service provider, renewed its lease for 19,200 square feet at 102 Commerce Drive in Moorestown, NJ. Located in Moorestown West Corporate Center, the 38,400-square-foot office/flex building is 100 percent leased.

Tricomm Services Corporation, an IT technology service provider, is relocating within the building to 12,000 square feet at 1247 North Church Street, also in Moorestown. The transaction represents an expansion of 7,200 square feet and an extension of 4,800 square feet. Also located in Moorestown West Corporate Center, the 52,790-square-foot office/flex building is 86.7 percent leased.

SCSK, a subsidiary of Sumisho Computer Systems Corporation, a Japanese IT services company, signed a new 9,600-square-foot lease at 3 Terri Lane in Burlington Township, NJ. Located in Bromley Commons, the 64,500-square-foot office/flex building is 100 percent leased.

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