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E-Trade signs 15-year Mack-Cali lease

Originally appeared in Business Week on 11/16/06

EDISON, N.J.
Real estate investment trust Mack-Cali Realty Corp. said Thursday financial services provider E-Trade Financial signed an additional 15-year lease at Jersey City, N.J.-based Harborside Financial Center.

E-Trade will lease 106,573 square feet. It currently leases a 761,000 square-foot space at Harborside Plaza 2.

Financial terms of the deal were not disclosed.

Shares of Mack-Cali gained 34 cents to $49.18 in afternoon trading on the New York Stock Exchange, while shares of E-Trade dropped 11 cents to $23.99.



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