Jones Lang LaSalle

ACNielsen Renews and Expands to 32,000 SF
By Eric Peterson
Last updated: December 19, 2005 11:20am

PARAMUS, NJ-ACNielsen has signed a seven-year lease for a total of 32,272 sf at Mack-Cali Centre II, 650 From Rd. here. The signing expands the consumer information company’s total occupancy at the building by more than 6,000 sf from its existing 26,000 sf.

ACNielsen’s existing occupancy is on the building’s second floor, and the additional space is on the fourth floor. The signing will also allow Spectra Marketing Systems to move here from its current location in Hackensack. Both ACNielsen and Spectra are units of VNU, functioning as part of that company’s Marketing Information Group.

“This location presented an opportunity for our client to simultaneously extend its lease and to move a sister business unit in,” says Robert Giglio, executive director at Cushman & Wakefield Inc.’s Manhattan headquarters. Giglio and Walter Schoenberg, a senior director at C&W of NJ, East Rutherford, repped the tenant. “This enables ACNielsen to be set up for longer-term occupancy, enhance its collaborative work with Spectra and achieve greater corporate efficiency.”

Mack-Cali Realty Corp., the Cranford-based owner of the building, was represented in-house by Christopher DeLorenzo, vice president of leasing, and director of leasing Thomas Savoca. Additional terms of the signing were not disclosed; however, available space at the property is currently listed on Mack-Cali’s website with an asking price of $25 to 27 per sf. Located just off the Garden State Parkway, Mack-Cali Centre II is a 348,510-sf, five-story class A office building.