Amazon Backs Away From Jersey City Deal With Mack-Cali -- Bloomberg
November 16 2021 - 12:17PM
Dow Jones News
--Amazon.com Inc. has dropped plans for a major office expansion
in Jersey City, N.J., in a blow for landlord Mack-Cali Realty
Corp., Bloomberg reports, citing people familiar with the
matter.
--The deal, which had been discussed for months, fell apart
after Amazon backed out at the last minute, the sources told
Bloomberg, which earlier this month had reported that Amazon was
close to a lease with Mack-Cali for about 400,000 square feet of
space on the New Jersey waterfront.
--A representative for Mack-Cali declined to comment, while
Amazon didn't immediately respond to a request for comment,
Bloomberg reports.
Shares of Mack-Cali fell 3.4% to $18.78.
Full story:
https://www.bloomberg.com/news/articles/2021-11-16/amazon-nixes-jersey-city-office-expansion-in-blow-for-landlord?sref=cvDKYV7o
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 16, 2021 12:02 ET (17:02 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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