Highway agency secures space in New Jersey

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Mack-Cali Realty Corp. has signed the New Jersey Turnpike Authority to a long-term lease for approximately 100,000 square feet of office space in Woodbridge, N.J. The value of the transaction was not disclosed. The Turnpike Authority will house its headquarters at the building, located at 581 Main St., after consolidating offices of the New Jersey Turnpike and Garden State Parkway, which merged two years ago. 581 Main St. is a 200,000-square-foot, class A office property that overlooks the New Jersey Turnpike. It was 100 percent leased at the time of the transaction. The lease carries a term of 10 years and eight months. Mack-Cali Realty Corp. is a fully integrated, self-managed real estate investment trust. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....