Mack-Cali Realty Corporation Donates $50,000 for Renovations for New Jersey City Museum

03/22/2000 Category: Miscellaneous

Cranford, NJ, March 22, 2000--Mack-Cali Realty Corporation (NYSE:CLI) today announced that it has donated $50,000 to the Jersey City Museum, an art and history museum providing exhibitions, publications and educational programs to adults and children in Hudson County, New Jersey and surrounding communities.

Mack-Cali's contribution will assist in renovating a vacant building on Montgomery Street, which will house the museum. Currently, the museum is located on the fourth floor of Jersey City's Main Library on Jersey Avenue.

The donation qualifies as a dollar for dollar match through a challenge grant from the New Jersey State Council on the Arts, resulting in a total contribution of $100,000 to the museum's capital campaign.

"We are pleased to be able to continue our support to the Jersey City community by providing assistance to this exceptional educational resource," said Mitchell E. Hersh, chief executive officer of Mack-Cali. "Mack-Cali is committed to enhancing the Jersey City community through high-quality programs, services and activities," Hersh added. In Jersey City, Mack-Cali also sponsors the sports program for the Boys and Girls Club of Hudson County and other charitable and educational programs.

"We would like to thank Mack-Cali for its extremely generous contribution," said Nina S. Jacobs, executive director of the Jersey City Museum. "This donation will provide critical support for the museum's efforts to build, endow and fully utilize the new facility," Jacobs added.

Mack-Cali Realty Corporation owns and operates approximately 35% of the class A office space on the Jersey City waterfront and is currently involved in office, hotel and residential development projects at Harborside Financial Center.

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 259 properties, primarily office and office/flex buildings, totaling approximately 28.6 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