Mack-Cali Leases Over 108,300 Square Feet to The Louis Berger Group
12/04/2006 Category: Leasing and Development
Firm Leases New Jersey Headquarters Space at Kemble Plaza II in Morris Township, NJ
Edison, New Jersey—December 4, 2006—Mack-Cali Realty Corporation (NYSE: CLI) today announced that The Louis Berger Group, Inc. has signed a new 20-year lease for 108,332 square feet for its New Jersey headquarters at Kemble Plaza II in Morris Township, New Jersey.
The Louis Berger Group, Inc., a provider of engineering consulting services, will relocate its headquarters from East Orange, New Jersey, and consolidate space from a location in Florham Park, New Jersey. Kemble Plaza II, located at 412 Mt. Kemble Avenue, is a 475,100 square-foot class A office property.
Mitchell E. Hersh, president and chief executive officer of Mack-Cali stated, "We're delighted that Louis Berger has chosen a Mack-Cali property for its long-term New Jersey headquarters. Our strategy when acquiring this premier property from AT&T was to be able to accommodate larger corporate users in a centralized Morris County location."
George Martin and Joseph Messina of Studley represented the tenant in the transaction. Mack-Cali was represented in-house by Jane Greenblatt, senior director of leasing and development; and Diane Chayes, vice president of leasing.
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 301 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 2,500 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.