Sustainable water and wastewater management solutions provider United Water Management & Services, Inc. has signed a 20-year, 116,360-square-foot office lease at Mack-Cali Centre VI in Paramus, NJ.
Located at 461 From Rd. in the heart of Bergen County, the five-story, 265,772-square-foot, 4-Star office building was constructed in 1988 on 12.5 acres in the Route 4/17 submarket, off Exit 165 on the Garden State Pky. It features an on-site cafeteria, security, free Wi-Fi in the lobby and courtyard, abundant parking, and area amenities. The asset is now 87 percent leased.
United Water will relocate to the office building in Spring 2015, consolidating three corporate offices from 200 Old Hook Rd., 700 Kinderkamack, and the nearby Mack-Cali II at 650 From Rd. The tenant provides sustainable solutions for water services for more than 5.5 million people throughout the United States with an aim to promote public, economic and environmental health.
United Water was encouraged to remain in the state with $5.5 million in tax credits from the New Jersey Economic Development Authority (NJEDA), through its Grow New Jersey Assistance Program.
"We’re delighted that United Water has chosen this premier property and we look forward to providing a superior work environment for years to come," said Mitchell E. Hersh, president and chief executive officer of Mack-Cali. "This reflects the continued success of Mack-Cali’s strategy to build successful, long-term tenant relationships by maintaining high standards for both our properties and our services."
Andrew Somple with NAI James E. Hanson, Inc. represented the tenant. Mack-Cali handled lease negotiations in-house.
CoStar Research Analyst Amy Shaw
contributed to this news report.