Mack-Cali Realty Corporation Property Achieves New EPA/DOE Energy Star Rating

07/23/1999 Category: Miscellaneous

Cranford Building is One of the First 20 Office Buildings Nationwide Awarded for High Energy Efficiency

CRANFORD, NJ--July 23, 1999--Mack-Cali Realty Corporation (NYSE:CLI) today announced that its 20 Commerce Drive office property in Cranford, New Jersey, was one of the first 20 commercial office buildings nationwide to receive the new Energy Star label for energy efficiency from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DOE).

Representatives of the EPA and the DOE presented Mack-Cali with this designation at the Tenth Annual Energy Efficiency Forum held in Washington, D.C., on June 9.

The new EPA/DOE Energy Star Label for buildings indicates excellence in a property's energy performance, as judged by energy efficiency, thermal comfort, indoor air quality and illuminance levels. The Energy Star label currently appears on dozens of home and office appliances that meet Energy Star standards for energy efficiency.

Mack-Cali's 20 Commerce Drive, a 176,000 square-foot class A office property, incorporated as part of its original construction energy-efficient T-8 lighting technology, state-of- the-art electronic heating system controls and carefully constructed building envelope thermal systems.

Brant B. Cali, executive vice president and chief operating officer, said, "Mack-Cali is committed to integrating energy efficient design and operation into our portfolio, and we thank the EPA and DOE for recognizing our commitment."

Mack-Cali enlisted the services of UtiliPro Solutions, Inc., of Union, New Jersey, to provide energy consulting services in applying for the EPA/DOE Energy Star Label for buildings.

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 owns or has interests in 254 properties, primarily office and office/flex buildings, totaling approximately 28.1 million square feet located in 12 states and the District of Columbia. The properties, which are primarily located in the Northeast, enable the Company to provide a full complement of real estate opportunities to its diverse base of over 2,400 tenants.

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.