Mack-Cali announces lease with GSA

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Mack-Cali Realty Corp. announced that the U.S. General Services Administration (GSA) has signed a new lease for 114,286 square feet in Washington, D.C. The lease carries a term of 10 years. The value of the transaction was not disclosed. The property, located at 1400 L St. N.W., a 159,000 square-foot, class A office building. At closing, occupancy was 91.3 percent. Mack-Cali Realty Corp. is a self-managed real estate investment trust. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....