Mack-Cali Announces New Lease at D.C. Building
08/02/2006 Category: Leasing and Development
Qorvis Communications Leases Over 31,000 Square Feet
Cranford, New Jersey—August 2, 2006—Mack-Cali Realty Corporation (NYSE: CLI) today announced that it has signed a new 31,077 square-foot lease with Qorvis Communications, LLC, at 1201 Connecticut Avenue, N.W., in Washington, D.C. The lease carries a term of 11 years and four months.
Qorvis Communications, LLC, is a public relations firm. 1201 Connecticut Avenue, N.W., an eight-story, 169,549 square-foot, class A office building, is 100 percent leased.
John Adderly, vice president of leasing, commented, "Qorvis is the fourth lease we've signed at this property in just eight months. This level of activity—which allowed us to absorb more than four floors of space—reflects the building's outstanding quality, management and CBD location."
The tenant was represented by Richard Tonner of Cassidy & Pinkard. Mack-Cali was represented by Brian Raher and Susan Thomas of Cushman & Wakefield and in-house by John Adderly.
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 320 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 35.9 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of approximately 2,600 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," "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.