Mack-Cali Honors New Jersey Brokers

03/09/2006 Category: Miscellaneous

Jeff Kolodkin and Ben Shapiro of Grubb & Ellis Honored as Brokers of the Year

Cranford, New Jersey—March 9, 2006—Mack-Cali Realty Corporation (NYSE: CLI) today announced that it has presented its 2005 New Jersey broker awards at a reception held February 28 at the Pleasantdale Chateau in West Orange, New Jersey.

Jeff Kolodkin and Ben Shapiro of Grubb & Ellis were named Mack-Cali's Brokers of the Year for New Jersey.

Other honorees included:

  • Edward DaCosta and Robert Denney of CB Richard Ellis, Most Deals by an Individual or Team.
  • Michael Kennedy, Robert Bull and Philip Lipper of Studley, Development Deal of the Year.
  • Peter Yannotta of Equis Corporation, Largest Suburban Deal of the Year.
  • Lewis Miller, Andrew Sussman and Craig Eisenhardt of CBRE, Largest Waterfront Deal of the Year.
  • Joseph Sarno, William Hartman and Jeremy Neuer of Cushman & Wakefield, Creative Suburban Deal of the Year.
  • Michael Goldman of Studley, Creative Waterfront Deal of the Year.
  • Alexander Chudnoff and Curtis Foster of Cushman & Wakefield, Impact Deal of the Year.

Mitchell E. Hersh, president and chief executive officer of Mack-Cali, commented, "We're pleased to honor these award recipients for their outstanding efforts and accomplishments throughout the past year. We look forward to an exciting 2006, as we continue our partnership with the brokerage community and pursue new growth opportunities for our company."

At the event, Mr. Hersh, along with Stanley Gale, The Gale Company's chairman and chief executive officer, and Mark Yeager, Gale's president and chief investment officer, delivered remarks about Mack-Cali's recently announced agreements in principle to acquire The Gale Real Estate Services Company and interests in 20 New Jersey 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 owns or has interests in 277 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 30.9 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of approximately 2,300 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," "plan," "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.