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Tenants Picky, But They Do Want Space

WASHINGTON DC 08.16.2017

ALEXANDRIA STATE OF THE MARKET

The Premier Event on Alexandria's CRE Market

AJ Jackson -- EYA
Austin Flajser -- Carr Hospitality/Carr City Centers
Nina Albert -- Washington Metropolitan Area Transit Authority (WMATA)
Tenants Picky, But They Do Want Space
Mack-Cali's Christie McBride
It’s still a tenants’ market for office space in greater Philly, but Mack-Cali reports a good quarter for leasing in its suburban Philly and South Jersey portfolio: a bit over 159k SF leased during Q2. New tenants included the likes of a medical supply company, a wine distributor, a provider of IT maintenance and supply (so far, this is greatest game of Clue ever), and the law firm Campbell Campbell Edwards & Conroy, which recently inked a new 13k SF lease at 1205 Westlakes Dr in Berwyn, Pa., with director of leasing Christie McBride repping Mack-Cali (pictured). She tells us that tenants know what they want and landlords need to be quick enough to provide it. Mack-Cali CEO Mitchell Hersh chalks up the quarter’s successes to strong sponsorship and a “tenants first” philosophy that “allows us to attract and retain credit-quality tenants."