With the Robert Martin transaction comes an experienced
management team with local market knowledge and expertise
in the Westchester and Fairfield markets.


Cali Realty Corporation strengthened its position as the dominant office REIT in the northeast in January 1997, when it acquired 65 properties and their related operations from the Robert Martin Company, the largest commercial real estate development company in Westchester County, New York and Fairfield County, Connecticut.

This $450 million transaction accomplished several objectives for Cali. It added 4.1 million square feet of office, office/flex and industrial/warehouse space in Westchester and Fairfield counties to Cali's portfolio. The resulting portfolio now totals approximately 11.4 million square feet - almost triple the size of the portfolio at January 1996. The Company's reach now extends across four states, stretching from suburban Philadelphia, through New Jersey, across lower New York State, and into Connecticut. Cali today has the strategic advantage of operating in markets that collectively contain over 250 million square feet of office space, and over one billion square feet of industrial space, providing Cali with abundant acquisition and growth opportunities for the future.

With the Robert Martin transaction comes an experienced management team with the local market knowledge and expertise to manage, operate and acquire properties in the Westchester and Fairfield markets. In addition, Robert Martin's 600 tenants further complement the diversity and stability of Cali's property portfolio, which now consists of over 1,100 tenants. This major transaction positions Cali as the largest and most dominant office REIT in the northeast and as one of the few super-regional REITs in the United States.