Mack-Cali Leases Over 99,500 Square Feet to QualCare

09/30/2005 Category: Leasing and Development

-Fifteen-Year Lease Signed for Piscataway, New Jersey Building-

Cranford, New Jersey—September 30, 2005—Mack-Cali Realty Corporation (NYSE: CLI) today announced that QualCare Alliance Networks, Inc. has leased 99,541 square feet at 30 Knightsbridge Road in Piscataway, New Jersey. Initial occupancy will include 78,468 square feet for a term of 15 years, followed by a second occupancy phase of 21,073 square feet.

Mitchell E. Hersh, president and chief executive officer of Mack-Cali, commented, "This transaction demonstrates our ability to leverage our industry relationships to secure long-term leases with high-quality tenants. We're pleased to welcome QualCare to our portfolio and to accommodate its new headquarters."

QualCare, a managed care services provider, was represented by Brad Fenlon of CB Richard Ellis.

30 Knightsbridge Road is a 680,350 square-foot, class A office property acquired from the AT&T Corporation in 2004. AT&T occupies 275,000 square feet at the property on a long-term basis.

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 www.mack-cali.com.

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.