Mack-Cali and Gale Subsidiary Receive Two BOMA Office Building Awards

06/28/2006 Category: Miscellaneous

Properties Awarded for Excellence in Building Management

Cranford, New Jersey—June 28, 2006—Highlighting its continuing commitment to excellence in property operations, Mack-Cali Realty Corporation (NYSE: CLI) has received The Office Building of the Year ("TOBY") award from the New Jersey Chapter of the Building Owners and Managers Association ("BOMA") for one if its properties in Jersey City, New Jersey. In addition, the Company's newly acquired Gale GFS subsidiary also received a TOBY award for a facility in Wayne, New Jersey.

The awards were presented recently at the BOMA New Jersey Chapter's Annual Night at the Races Awards Dinner held at Pegasus West in East Rutherford, New Jersey.

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, emergency preparedness and security standards, and community involvement.

The properties awarded are:

  • Harborside Financial Center Plaza 10, a 19-story, 577,575 square-foot class A office tower in Jersey City, awarded in the category of office buildings over 500,000 square feet. The property, which was developed by Mack-Cali in 2002, is managed by Mack-Cali and owned by iStar Financial. John Marazzo, Mack-Cali vice president of property management, accepted the award.
  • The Toys "R" Us corporate headquarters, a 644,000 square-foot class A office facility at One Geoffrey Way in Wayne, was awarded in the corporate facility category. The property is managed by Gale GFS. Ken Ruggiero, Gale GFS senior facility manager, accepted the award.

Mitchell E. Hersh, Mack-Cali president and chief executive officer, commented, "These awards are not only excellent illustrations of Mack-Cali's ongoing commitment to superior office property management, but they also show that the recent acquisition of the Gale organization was indeed a combination of like-minded organizations, dedicated to providing the highest-quality work environments and services to our customers."

Gale GFS is a division of The Gale Real Estate Services Company, a Mack-Cali subsidiary. A provider of innovative facility and property solutions for corporations, Gale GFS operates in 49 states and 32 countries, with a portfolio in excess of 54 million square feet. Clients include AT&T, GlaxoSmithKline, Pfizer, United Parcel Service, New York Life, and Toys "R" Us. Additional information is available at

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 304 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 34.3 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of approximately 2,400 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," "plan," "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.