New Leasing and Development Directors Join Mack-Cali

05/08/2001 Category: Miscellaneous

Cranford, New Jersey—May 8, 2001—Mack-Cali Realty Corporation (NYSE: CLI) today announced it has hired three new directors responsible for leasing its office properties in New Jersey.

Patrick Eichner, leasing director, is responsible for leasing Mack-Cali properties in Morris County. Before joining the Company, Eichner served as vice president of Murray Construction Co., Inc., where he was responsible for analyzing, negotiating, and closing office and industrial lease transactions.

Jane Greenblatt, development director, is responsible for leasing the Company's Jersey City properties, including both new development and existing space at Harborside Financial Center. Greenblatt's previous position was senior managing director at Newmark & Company Real Estate of New Jersey, where she was responsible for providing multi-market, multi-advisory commercial real estate services for both landlords and tenants.

Craig Sagalow, leasing director, is responsible for leasing the Company's properties in Bergen and Passaic counties. Sagalow's previous position was with Rothman Realty Corporation as an asset manager responsible for leasing space, directing fit-ups and managing one million square feet of industrial and office properties.

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.