Mack-Cali Realty Corp. has completed a sweeping overhaul of its key suburban office portfolio, following more than $50 million in redesigns and renovations at buildings in the Parsippany, Short Hills, Metropark and Red Bank submarkets.
Landlords that have renovated and refreshed New Jersey’s aging office stock can now point to the benefits, with a new report showing significantly stronger absorption and rent growth at upgraded buildings.
Despite new blocks of space hitting the market, New Jersey saw a long-overdue surge of large office leases in the second quarter — with signs that more are on the way.
A growing insurance company has leased more than half of a Mack-Cali Realty Corp. building in Woodbridge, bringing the 200,000-square-foot property to full occupancy.
Mack-Cali Realty Corp. will subsidize Uber rides to and from its suburban Metropark office buildings, under a newly announced partnership with the ridesharing company aimed at creating additional convenience at the properties.