Mack-Cali Office Buildings Receive BOMA Awards

06/16/2005 Category: Miscellaneous

Jersey City and Parsippany Properties Awarded for Excellence in Building Management

Cranford, New Jersey--June 16, 2005--Mack-Cali Realty Corporation (NYSE: CLI) today announced that two of its New Jersey properties have received The Office Building of the Year (TOBY) award from the New Jersey Chapter of the Building Owners and Managers Association (BOMA). The awards were presented on June 15 at New Jersey BOMA's TOBY Award Ceremony at the Meadowlands Race Track in East Rutherford, New Jersey.

The properties awarded are:

  • Harborside Financial Center Plaza 5, a 34-story, 980,000 square-foot class A office tower in Jersey City, developed by Mack-Cali in 2002. Harborside Plaza 5 was awarded in the 500,000 -- 1 million square-foot office building category.
  • 8 Campus Drive, a 215,265 square-foot class A office building located at Mack-Cali Business Campus in Parsippany. 8 Campus Drive was awarded in the 100,000 -- 249,000 square-foot office building category.

    Mitchell E. Hersh, president and chief executive officer of Mack-Cali, commented, "We are proud to be honored for these two premier office properties, as they are excellent demonstrations of the quality of assets in Mack-Cali's portfolio."

    The TOBY award is based on excellence in office building management, with all facets of a property's operations evaluated including building maintenance, tenant relations programs, and community involvement.

    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 267 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 29.9 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 Web site 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.