McDonald's Corporation Leases 30,700 Square Feet at Mack-Cali Building in Roseland, New Jersey

03/20/2002 Category: Leasing and Development

McDonald's Corporation Leases 30,700 Square Feet at Mack-Cali Building in Roseland, New Jersey

Cranford, New Jersey—March 20, 2002—Mack-Cali Realty Corporation (NYSE: CLI) today announced that McDonald's Corporation has leased 30,700 square feet of office space for 10 years at 105 Eisenhower Parkway in Roseland, New Jersey.

McDonald's Corporation will use the space as a regional sales facility. 105 Eisenhower Parkway, a 220,000 square-foot class A office building developed in 2001, is part of the three-building, 608,545 square-foot Eisenhower/280 Corporate Center.

Mitchell E. Hersh, chief executive officer of Mack-Cali, commented, "We're pleased to welcome yet another high-caliber, global business to our impressive tenant roster."

McDonald's Corporation was represented by Timothy Spillane of the Chicago office and Lisa Kiell of the New York office of Jones Lang LaSalle America's Inc.

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 266 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 2,300 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.