Moody's Takes 43,000 SF on the Waterfront

JERSEY CITY, NJ-Moody’s Investors Service has signed a lease for 43,334 sf at Mack-Cali Realty Corp.’s Harborside Financial Center Plaza 5 on this city’s waterfront. Financial details of the lease, which runs for a term of five years, were not disclosed.

Augustus Field of Cushman & Wakefield represented Moody’s in the transaction. Mark Ravesloot of CB Richard Ellis spoke for Mack-Cali, and Jane Greenblatt, the owner’s director of development, provided in-house representation as well.

“Harborside continues to attract companies due to the favorable business environment on the Jersey City waterfront,” says Mitchell E. Hersh, Mack-Cali’s CEO. “The reinstatement and improvement of the BEIP program will only further the prospects of the waterfront.” (See earlier story.)

Harborside Plaza 5, a recently developed, 980,000-sf class A office tower, is currently 55.7% leased. The 34-story asset is located within Harborside Financial Center, a mixed-use complex consisting of 3.6 million sf of office, hotel, retail and residential space.