Mack-Cali Announces Second Quarter Leasing Results for Northern and Central New Jersey Properties

08/09/2005 Category: Leasing and Development

Cranford, New Jersey—August 9, 2005—Mack-Cali Realty Corporation (NYSE: CLI) today announced it has completed 983,941 square feet of leasing transactions at its Northern and Central New Jersey properties during the second quarter. Company-wide, Mack-Cali leased over 1.6 million square feet of space during the quarter.

Highlights of the second quarter transactions include:

  • Morgan Stanley D.W. Inc., a global financial services firm, leased 23,343 square feet at Mack-Cali Short Hills in Short Hills. The lease consists of a 18,539 square-foot renewal and an expansion of 4,804 square feet. The 247,476 square-foot class A office building, located at 150 JFK Parkway, is 97.5 percent leased. Diane Chayes, in-house managing director of leasing, represented Mack-Cali.
  • Purepac Pharmaceutical Co., a generic pharmaceutical company, renewed its lease for 17,013 square feet at 14 Commerce Drive in Cranford. The 67,189 square-foot office building is 100 percent leased. Ronald Ganter of Studley Inc. represented the tenant and Toni Casiano, in-house leasing director, represented Mack-Cali.
  • Verizon Information Services, Inc., a division of Verizon Communications Corp., has signed a new lease for 15,396 square feet at 30 Knightsbridge Road, Building 5, a 332,607 square-foot office building in Piscataway. Edward DaCosta of CB Richard Ellis represented the tenant.
  • Ameritech Data Networking Solutions, Inc., a provider of network integration services, renewed its lease for 11,986 square feet at 6 Campus Drive in Parsippany. The 148,291 square-foot class A office building, located at Mack-Cali Business Campus, is 60.0 percent leased. Robert Blumenthal from the Chicago office of Equis represented the tenant and Diane Chayes represented Mack-Cali.

Additional leases signed during the quarter and previously announced by Mack-Cali include:

  • Three leases totaling 456,190 square feet with New Cingular Wireless PCS LLC. The leases include renewals at Mack-Cali Centre VII and Mack-Cali Centre III in Paramus and a new lease at 5 Wood Hollow Road in Parsippany.
  • Casio, Inc.'s 96,000 square-foot renewal at Mack-Cali Airport in Little Ferry.
  • A new 60,821 square-foot lease with Bisys-RK Alternative Investment Services, Inc. at 105 Eisenhower Parkway in Roseland.
  • Moody's Investors Service's 36,193 square-foot expansion at Harborside Financial Center Plaza 5 in Jersey City.

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 currently owns or has interests in 271 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 30.2 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

Statements made in this press release may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by the use of words such as "may," "will," "should," "expect," "anticipate," "estimate," "continue," or comparable terminology. Such 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, and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the headings "Disclosure Regarding Forward-Looking Statements" and "Risk Factors" in the Company's 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, new information or otherwise.