Mack-Cali Realty Corp. (CLI) announced that the Patrolmen's Benevolent Association of the City of New York has signed a new 15-year lease for 39,069 square feet at 125 Broad Street in Downtown Manhattan.
Mack-Cali's ownership interests of 524,476 square feet in the building are 100% leased.
The largest union representing uniformed members of the NYPD will house its executive offices at this class A office building. The PBA was represented by Mark Friedman and Annie Yao of FirstService Williams, with legal representation provided by Christine McGuiness of Schiff Hardin LLP. Mack-Cali was represented by Mark Ravesloot, Scott Sloves, and Lisa Cear of CB Richard Ellis.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.