Jones Lang LaSalle

PricewaterhouseCoopers Bumps Space Up to 45,000 SF
By Eric Peterson
Last updated: March 2, 2006 10:16am

JERSEY CITY-PricewaterhouseCoopers has bumped up its presence at Mack-Cali Realty Corp.'s 101 Hudson St. here by 12,000 sf, leasing that amount of space on the building's 35th floor. The financial consulting firm already occupies the building's entire 26th floor, amounting to more than 33,300 sf.

PricewaterhouseCoopers was represented by the mother/daughter team of principal Seena Stein and director Hope Brodsky of Newmark Knight Frank, both of that firm's Rutherford office. Mack-Cali was represented internally by leasing director Tom Savoca. The Tampa, FL-based CLW Real Estate Services Group co-brokered the transaction with Stein and Brodsky. Terms of the signing were not released; however, the space had been listed on Mack-Cali's website with an asking price of $40 per sf.

101 Hudson St. is a 42-story class A office tower totaling some 1.2 million sf on this city's Hudson River waterfront. Mack-Cali acquired the building in early 2005 from a partnership headed by LCOR and including the State Teachers Retirement System of Ohio and Merrill Lynch. The sale price of $329 million factors out to $275 per sf. Merrill Lynch continues to occupy about half of the massive asset, which is referred to locally as the Merrill Lynch Building.