Mack-Cali Announces Second Quarter Leasing Results for New York and Connecticut Properties
Cranford, New Jersey—August 9, 2005—Mack-Cali Realty Corporation (NYSE: CLI) today announced it has completed 186,452 square feet of leasing transactions at its New York and Connecticut properties during the second quarter. Company-wide, Mack-Cali leased over 1.6 million square feet of space during the quarter.
Highlights of the second quarter transactions include:
- Evening Out, Inc., a dinner theatre operator, renewed its lease for the entire 32,720 square-foot office/flex building at 75 Clearbrook Road at Cross Westchester Executive Park in Elmsford, New York. John Hannigan and Brett Sherman of Choyce Peterson, Inc. represented the tenant and Jeffrey Warner, in-house managing director of leasing, represented Mack-Cali.
- Guski Trucking Company, Inc., a trucking and warehousing firm, signed a new lease for 20,717 square feet at 250 Clearbrook Road in Elmsford. The 155,000 square-foot office/flex building, located in Cross Westchester Executive Park, is 97.3 percent leased. Bill Anson and Howard Berger of Anson & Berger represented the tenant and Ivan Abry, director of leasing, and Jeffrey Warner represented Mack-Cali.
- The United States Postal Service renewed its lease for 17,600 square feet in 7 Odell Plaza in Yonkers, New York. Located at South Westchester Executive Park, the 42,600 square-foot office/flex building is 99.6 percent leased. Carol McGuire, senior director of leasing, represented Mack-Cali.
- Allstar Marketing Group, LLC., a consumer product marketing services agency, leased 11,675 square feet at 4 Skyline Drive in Hawthorne, New York. The lease consists of a renewal of 8,765 square feet and of an expansion of 2,910 square feet. The 80,600 square-foot office/flex building, located at Mid-Westchester Executive Park, is 100 percent leased. Louis Amalfitano, director of leasing, represented Mack-Cali.
Mack-Cali Realty Corporation is a fully-integrated, self-administered, self-managed real estate investment trust (REIT) providing management, leasing, development, construction and other tenant-related services for its class A real estate portfolio. Mack-Cali currently owns or has interests in 271 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 30.2 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of approximately 2,100 tenants. Additional information on Mack-Cali Realty Corporation is available on the Company's website at
www.mack-cali.com.
Statements made in this press release may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by the use of words such as "may," "will," "should," "expect," "anticipate," "estimate," "continue," or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate, and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the headings "Disclosure Regarding Forward-Looking Statements" and "Risk Factors" in the Company's Annual Reports on Form 10-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.