Mack-Cali Realty Corporation Achieves the EPA/DOE Energy Star Rating for Sixth Property in Westchester County

07/27/2001 Category: Miscellaneous

Cranford, New Jersey—July 27, 2001—Mack-Cali Realty Corporation (NYSE: CLI) today announced that 570 Taxter Road in Westchester County, New York, has 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 property is Mack-Cali's sixth building in Westchester County to receive the Energy Star designation this year. The EPA/DOE Energy Star Label for buildings indicates excellence in a property's energy performance and efficiency.

570 Taxter Road in Elmsford, a six-story, 75,000 square-foot class A office building, was recognized for its energy-efficient systems and technologies such as T-8 fluorescent office lighting, variable frequency fan drive systems, thermal windows, high-pressure sodium exterior lighting and electronic HVAC control systems.

Mitchell E. Hersh, chief executive officer of Mack-Cali, commented, "With energy becoming an increasingly important issue in our operations and our economy, we are pleased to receive this designation for yet another energy-efficient Mack-Cali property."

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 268 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 28.4 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of approximately 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, current reports on Form 8-K, and annual reports on Form 10-K.