Mack-Cali Leases 136,000 Square Feet at Harborside Financial Center in Jersey City, NJ

01/11/2000 Category: Leasing and Development

CRANFORD, NJ--January 11, 2000--Mack-Cali Realty Corporation (NYSE:CLI) today announced the signing of two leases totaling approximately 136,000 square feet at Harborside Financial Center in Jersey City, New Jersey.

Donaldson, Lufkin & Jenrette Securities Corporation/DLJdirect Holdings, Inc. has leased 44,000 square feet for 10 years, representing an expansion of DLJdirect's current space. DLJdirect, an online brokerage subsidiary of Donaldson, Lufkin & Jenrette Securities Corporation, now leases a total of 204,000 square feet at Harborside for its company headquarters.

Dow Jones & Co., publisher of business and financial news and information, has signed a lease renewal of approximately 92,000 square feet for 10 years.

"Both Donaldson, Lufkin & Jenrette and Dow Jones have been excellent tenants of Mack-Cali over the years. We are pleased to be able to continue to offer these leading companies real estate solutions for their evolving space requirements," commented Mitchell E. Hersh, chief executive officer.

Harborside Financial Center, a 1.9 million square-foot class A waterfront property, is 100% leased.

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 258 properties, primarily office and office/flex buildings, totaling approximately 28.4 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

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 differ 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 operating costs may be greater than anticipated. For further 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, reports on Form 8-K, and annual reports on Form 10-K.