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home / news releases / AMZN - Mack-Cali stock gains after Amazon reportedly near deal for Jersey City space

AMZN - Mack-Cali stock gains after Amazon reportedly near deal for Jersey City space

Amazon.com Inc.
On a  day when most office REIT stocks are falling, Mack-Cali Realty (CLI +1.1%) shares gain after a report that Amazon (NASDAQ:AMZN) is looking to rent ~400 square feet of office space on the Jersey City, NJ, waterfront at a Mack-Cali complex. Amazon (AMZN) is close to signing a deal for space at Harborside 1, Bloomberg reports, citing people familiar with the matter. While Amazon nixed its HQ2 in Long Island City in Queens after it came under fire over incentives it would have received, the ecommerce and web services giant has been expanding in the New York City region. In 2019, Amazon (AMZN) signed a lease with SL Green for 335K square feet of office space near Hudson Yards on NYC's west side. In March 2020, the company agreed to buy the former Lord & Taylor flagship store in Manhattan for $1.15B.

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Mack-Cali stock gains after Amazon reportedly near deal for Jersey City space
Stock Information
Company Name: Amazon.com Inc.
Stock Symbol: AMZN
Market: NASDAQ
Website: amazon.com
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