Mack-Cali Realty Corporation Hosts Broker Party

01/31/2001 Category: Miscellaneous

ELMSFORD, NEW YORK — January 31, 2001 — The New York/Connecticut office of Mack-Cali Realty Corporation (NYSE:CLI) was host to over 150 of the New York area's leading real estate brokers at its thirteenth annual Broker Hall of Fame Awards Breakfast held at the Westchester Country Club in Rye, New York. The event gave Mack-Cali the opportunity to honor the commercial brokerage community in New York and Connecticut and to recognize those individuals and firms whose efforts helped the company to complete approximately 950,000 square feet of lease transactions in its New York and Connecticut regional portfolio during 2000.

Mitchell Hersh, Mack-Cali's Chief Executive Officer, addressed the crowd and thanked them for their participation in another successful year for the corporation. Michael Grossman, Executive Vice President, reflected on the year's highlights and outlined the company's plans and opportunities for the brokers in 2001.

Among the award recipients were:

Phil Luria Austin Corporate Properties Broker of the Year

George Bagley, Sound Commercial Real Estate Most Transactions by an Individual Broker

Cushman & Wakefield, Inc. Most Transactions by a Firm

Arthur Lerner/Steve Banker Newmark & Company Real Estate, Inc. Largest Lease — Office Space for the TMP/ lease transaction at Westchester Financial Center, Fifty Main Street, White Plains, New York.

James Saunders & Noel Flagg Douglas Elliman Real Estate (now with Newmark & Company Real Estate, Inc.) Largest Lease — Flex Space for the Wise Optical lease transaction at South Westchester Executive Park, Four Executive Plaza, Yonkers, New York.

Neil Schorr Rothwood Real Estate Most Creative Deal Award for the Ademco lease transaction at Cross Westchester Executive Park, 125 Clearbrook Road, Elmsford, New York.

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 267 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 28.2 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