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Mack-Cali announces two South Jersey lease renewals


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Edison-based real estate investment trust Mack-Cali announced Monday two large lease renewals in South Jersey, to Bayada Home Health Care and Parkeon Inc.

Financial terms of the leases were not disclosed in the announcement.

Moorestown-based Bayada, a provider of home health care services, signed transactions totaling 43,970 square feet — a 29,265-square-foot renewal at 101 Executive Drive, a 5,400-square-foot renewal at 1 Executive Drive and a 9,305-square-foot new lease at 2 Executive Drive — at the Moorestown West Corporate Center.

Parking systems company Parkeon Inc. signed a 14,865-square-foot renewal lease at 40 Twosome Drive, also at Moorestown West Corporate Center. The 40,265-square-foot office/flex building is 86.6 percent leased.

Digital content editor Joe Ross is @joeross on Twitter.

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