Mack-Cali Receives Regional BOMA Awards

05/16/2005 Category: Miscellaneous

Two New Jersey Properties Awarded for Excellence in Building Management

Cranford, New Jersey—May 16, 2005—Mack-Cali Realty Corporation (NYSE: CLI) today announced that two of its New Jersey properties have been presented with The Office Building of the Year ("TOBY") award by the Middle Atlantic Region of the Building Owners and Managers Association ("BOMA"). 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.

The properties, which had each received the TOBY award from BOMA's New Jersey Chapter in 2004, are:

  • 103 Carnegie Center, a 96,000 square-foot class A office building in Carnegie Center, Princeton, awarded in the category of office buildings under 100,000 square feet.
  • Mack-Cali Commercenter, a 13-building office/flex business park totaling 499,200 square feet in Totowa, awarded in the industrial office park category.

The Middle Atlantic Region of BOMA consists of 15 local chapters, covering areas from Washington, D.C. north to Buffalo, New York. The awards, which were presented at BOMA's Middle Atlantic Conference, were accepted by Marcus Molino, Mack-Cali property manager, and Richard Daunno, Mack-Cali senior director of property management.

Mitchell E. Hersh, Mack-Cali president and chief executive officer, commented, "These regional awards are excellent demonstrations of Mack-Cali's commitment to be a leading owner and manager of superior office properties."

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 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.