Mack-Cali Realty Corporation Introduces the Mack-Cali Advantage Program

09/22/1999 Category: Miscellaneous

Tenant Amenity Program Pre-Screens Vendors for Tenant Services

CRANFORD, NJ--September 22, 1999--Mack-Cali Realty Corporation (NYSE:CLI) announced today it has introduced the Mack-Cali Advantage Program, a tenant amenity program designed to assist tenants in selecting business services and products.

The new program provides a reference list of approved, independent vendors for products and services including computer networking and equipment, relocation services, employee benefits consulting, and office furniture and supplies. The companies listed in the program are pre-screened for quality, reliability and competitive pricing. The program will be available initially to tenants in Mack-Cali's Westchester/Connecticut region and later this year to tenants in New Jersey and other regions.

"The Mack-Cali Advantage Program is another step in the right direction toward meeting the ever-evolving needs of our tenants," commented Mitchell E. Hersh, chief executive officer. Hersh added, "We believe we are offering our tenants a carefully researched, unique resource that will enable them to quickly, easily and confidently choose from a bevy of proven service providers, allowing them to better concentrate on their core businesses."

For new tenants, the program will serve to do much of the legwork and eliminate the uncertainty involved in selecting service providers by providing a list of pre-screened suppliers that are familiar with Mack-Cali's buildings and procedures and an amenity package including health clubs, hotel rooms, and conference facilities. The program will also assist existing tenants in supplementing their sources of providers and amenities.

Additional information on Mack-Cali Realty Corporation is available on the Company's website at www.mack-cali.com.

Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Federal Securities law. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to different materially from those projected. Among those risks, trends and uncertainties are the general economic climate; the supply of and demand for office, office/flex and industrial/warehouse properties; interest rate levels; the availability of financing; and other risks associated with the development and acquisition of properties, including risks that the development may not be completed on schedule, that the tenants will not take occupancy or pay rent, or that development or information on factors which could impact the Company and the statements contained herein, reference should be made to the Company's filings with the Securities and Exchange Commission including quarterly reports on Form 10-Q on Form 8-K, and annual reports on Form 10-L.