Mack-Cali Awards Westchester/Connecticut Brokers

01/16/2003 Category: Miscellaneous

January 16, 2003 -- The New York/Connecticut office of Mack-Cali Realty Corporation (NYSE:CLI) was host recently to over 170 of the suburban New York area's leading real estate brokers at its fifteenth annual Broker Hall of Fame Awards, held at the Westchester Country Club in Rye, New York. The event gave Mack-Cali the opportunity to recognize the efforts made throughout 2002 by individuals and firms in the New York and Connecticut commercial brokerage community.

Mitchell E. Hersh, chief executive officer, and Michael Grossman, executive vice president, reflected on the year's highlights and outlined the company's plans and opportunities for the brokers in 2003.

Among the award recipients were:

  • Bill Anson and Howard Berger, Anson & Berger, Inc., Broker of the Year
  • Richard Goldstein, Goldstein & Associates Realty, Inc., Most Deals by an Individual Broker
  • Insignia/ESG, Inc., Most Deals by a Firm
  • John Hoblin, Corporate Realty Consultants, Largest Lease — Office Space, for the Allstate Insurance Company lease transaction at 300 Westage Business Center Drive, Fishkill, New York
  • Joseph V. DiScala, Alliance Partners, Inc. Largest Lease — Flex Space, for the Fuji Medical Systems USA, Inc., lease transaction at Stamford Executive Park, 419 West Avenue, Stamford, Connecticut
  • Richard Leroy, Delphi Commercial Properties, Inc. and Marvin Klein, Rabin Properties, Inc., Most Creative Deal, for the Aramark Uniform & Career Apparel, Inc. lease transaction at Cross Westchester Executive Park, Three Westchester Plaza, Elmsford, New York

    The program concluded on a light note with Mack-Cali's version of the game show "Survivor," emceed by Jeff Warner, senior director of leasing, followed by a raffle with a grand prize of a stay at the Equinox Resort in Manchester, Vermont.

    In New York and Connecticut, Mack-Cali owns or has interests in 84 properties totaling approximately six million square feet.

    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 265 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 29.3 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of approximately 2,100 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 Private Securities Litigation Reform Act of 1995 and the federal securities laws, including Section 21E of the Securities Exchange Act of 1934. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements relate to, without limitation, the Company's future economic performance, plans and objectives for future operations and projections of revenue and other financial items. Forward-looking statements can be identified by the use of words such as "may," "will," "should," "expect," "anticipate," "estimate," "continue" or comparable terminology. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate. Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Among the risks, trends and uncertainties are changes in the general economic conditions, including those affecting industries in which the Company's principal tenants compete; any failure of the general economy to recover timely from the current economic downturn; the extent of any tenant bankruptcies; the Company's ability to lease or re-lease space at current or anticipated rents; changes in the supply of and demand for office, office/flex and industrial/warehouse properties; changes in interest rate levels; changes in operating costs; the Company's ability to obtain adequate insurance, including coverage for terrorist acts; 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. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.