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Tower Insurance Inks Lease at Harborside Financial

JERSEY CITY—Tower Insurance Company of New York has signed a new 10-year, 11-month 76,892-sq.-ft. lease at Harborside Financial Center in Jersey City.

Tower Insurance Company, one of the largest providers of property and casualty insurance products and services in the country, will occupy space at Harborside Plaza 2, a 761,200-sq.-ft. class-A office building. Harborside Financial Center is a "city within a city," comprised of five state-of-the-art class-A office buildings totaling 3.1 million sq. ft., retail shops, a variety of dining options, planned luxury multi-family rental towers, and land—providing an ideal development opportunity. The complex is currently 97.3 percent leased.

The tenant was represented in the transaction by Mark Ravesloot, Scott Sloves, and David Opper, all of CB Richard Ellis.

Mack-Cali owns or has interests in 277 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 32.2 million sq. ft. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of over 2,000 tenants.

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