Mack-Cali Leases Over 70,000 Square Feet in Parsippany Building to Three Technology Firms

04/25/2000 Category: Leasing and Development

--600 Parsippany Road is now 100% leased--

Cranford, New Jersey—April 25, 2000--Mack-Cali Realty Corporation (NYSE:CLI) today announced it has leased over 70,000 square feet to three technology firms at its 600 Parsippany Road property in Parsippany, New Jersey. The building, a 96,000 square-foot class A office property, is now 100% leased.

Exario Networks, a provider of digital subscriber lines and virtual private networks, leased 34,870 square feet for six years for its headquarters; Sharemax, an Internet business-to-business procurement company, leased 30,707 square feet for five years for its headquarters; and Extensity, an Internet-based efficiency software specialist, leased 5,158 square feet for five years for a satellite office.

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 264 properties, primarily office and office/flex buildings, totaling approximately 28.3 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