Mack-Cali Receives BOMA Office Building Award

05/31/2005 Category: Miscellaneous

Yonkers Building Awarded for Excellence in Building Management

Cranford, New Jersey—May 31, 2005—Mack-Cali Realty Corporation (NYSE: CLI) today announced that it has received the 2005 Office Building of the Year (TOBY) award for 3 Odell Plaza, a 71,065 square-foot office/flex building located at South Westchester Executive Park in Yonkers, New York. The award was recently presented by the Westchester Chapter of the Building Owners and Managers Association (BOMA) at its Hall of Honor Awards Dinner.

The TOBY award is based on excellence in office building management, where all facets of a property's operations are evaluated including building maintenance, tenant relations programs, and community involvement. 3 Odell Plaza won the award in the under 100,000 square-foot office building category.

Mark Durno, vice president, property management, commented, "We are especially pleased to receive the TOBY award for 3 Odell Plaza, as it demonstrates Mack-Cali's ability to serve the evolving needs of our tenants." He added, "Mack-Cali acquired this building in 2003 with the expansion needs in mind of Montefiore Medical Center—a significant long-term tenant in the Park. We have since leased the entire building to Montefiore and renovated it to meet the tenant's unique space requirements."

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 269 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.