Mack-Cali Realty Corporation Achieves the EPA/DOE Energy Star Rating for Five Properties in Westchester County
05/23/2001 Category: Miscellaneous
Mack-Cali Realty Corporation (NYSE: CLI) today announced that five of its office buildings in Westchester County, New York, have received the Energy Star label for energy efficiency from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DOE).
The EPA/DOE Energy Star Label for buildings indicates excellence in a property's energy performance and efficiency. In 1999, Mack-Cali received one of the first Energy Star designations ever given to a commercial office building for its 20 Commerce Drive property in Cranford, New Jersey.
The five buildings receiving the new designation are:
- One Executive Boulevard, a four-story, 112,000 square-foot class A office property, and Three Executive Boulevard, a four-story, 58,000 square-foot class A office property, both in South Westchester Executive Park in Yonkers.
- One Water Street in White Plains, a 45,700 square-foot class A office building.
- 200 White Plains Road at Talleyrand Office Park in Tarrytown, a seven-story, 89,000 square-foot class A office building.
- 3 Skyline Drive in Hawthorne, a 119,000 square-foot class A office building managed by Mack-Cali.
The buildings were recognized for energy-efficient systems and technologies such as T-8 fluorescent office lighting, variable speed drive systems, reflective double-pane glazed windows, high-pressure sodium exterior lighting, and building automation systems.
Mitchell E. Hersh, chief executive officer of Mack-Cali, commented, "These Energy Star awards are excellent demonstrations of our commitment to energy-efficient operations and our overall energy management program."
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 273 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 29.1 million square feet. The properties 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 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, current reports on Form 8-K, and annual reports on Form 10-K.