Mack-Cali Announces Leases At Connecticut Office Properties

11/02/2006 Category: Leasing and Development

Edison, New Jersey--November 2, 2006--Mack-Cali Realty Corporation (NYSE: CLI) today announced it has completed three leasing transactions totaling 54,830 square feet at its Fairfield County, Connecticut office properties.

  • HQ Global Workplaces, LLC, a provider of temporary office suites, signed two new leases, both for 11 years and six months. The leases are for 19,190 square feet at 1266 East Main Street in Stamford and 14,459 square feet at 40 Richards Avenue in Norwalk. 1266 East Main Street is a 179,260 square-foot class A office building that is 81.3 percent leased; and 40 Richards Avenue is a 145,487 square-foot class A office building that is 79.6 percent leased.

    In both transactions, the tenant was represented by Paul Jacobs and Colin Reilly of CB Richard Ellis in Stamford and Mike Kay of CBRE in Dallas, Texas. Mack-Cali was represented in-house by Jeffrey Warner, vice president of leasing, and Louis Amalfitano, director of leasing.

  • South Beach Beverage Company (SoBe), a division of Pepsi-Cola North America, renewed its 21,181 square-foot lease for four years at 40 Richards Avenue. The tenant was represented by Bob Bundy and Paul Formichelli of The Staubach Company of New York. Jeffrey Warner and Louis Amalfitano represented Mack-Cali.

Jeffrey Warner commented, "We are pleased to maintain leasing momentum in our Connecticut portfolio--taking advantage of a strengthening market and providing quality office space and service to companies moving into the area and growing. We are especially pleased to expand our relationship with HQ Global Workplaces, which is a valued tenant at other Mack-Cali locations."

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 321 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 36.1 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of approximately 2,600 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.