It offers synergies with our pro-
perties on the Jersey City water-
front, which are located directly across, and just one PATH train stop away, from downtown Man-
hattan. These markets share the same tenant base, with similar office space requirements; and many firms lease space on both sides of the river.
Coupled with this relationship-driven, opportunistic acquisition, we sold our only asset in Green-
wich, Connecticut—a 121,250 square-foot building at 500 West Putnam Avenue—to SL Green for $56 million. As with the Broad Street deal, this was a transaction that made strategic sense for both parties.
During the year, we sold three additional office buildings that allowed us to capitalize on the fa-
vorable investment sales market and harvest value, while exiting submarkets that did not offer us competitive advantages or signifi-
cant growth opportunities. We sold for $17 million another build-
ing in Connecticut, 1000 Bridge-
port Avenue in Shelton, which to-
taled 133,000 square feet; and our only two office properties in Atlantic County, New Jersey, lo-
cated at 100 and 200 Decadon Drive in Egg Harbor Township. The buildings totaled 80,344 square feet and were sold for $12.5 million. On an on-going basis, we will continue to improve our portfolio by exiting such sub-
markets, selling assets to create value, and exploring adjacent new markets.

Putting Tenants' Needs First
Mack-Cali is first and foremost a real estate operator. Our core bu-
siness is to own and manage exceptional office properties and to serve our tenants. We provide them with attractive, comfortable, well-managed and conveniently located facilities to help them effectively run their businesses—which is why so many companies have made Mack-Cali their pre-
ferred provider of office space.
Our tenant roster is filled with leading companies from a variety of industries that have located and retained their offices in Mack-Cali properties year after year. And, as their businesses have grown, many of these tenants have expanded within our portfo-
lio. Just some of our 2007 leasing activity included transactions with Daiichi Sankyo, Inc.; Deutsche Bank; the U.S. General Services Administration; Allstate Insur-
ance; Citigroup Global Markets, Inc.; Montefiore Medical Center; WithumSmith+Brown; American International Group; Cablevision Lightpath; Lehman Brothers; The RBA Group; and Bank of Tokyo-Mitsubishi, Ltd. Equally important were the numerous small busine-
sses that signed leases during the year, as they help to add signifi-
cant stability to our portfolio.
Despite the challenging econo-
mic climate in 2007, we were able to increase our portfolio's leased percentage from 92.0 to 92.7 percent—a six-year high.