Mack-Cali Leases Over 50,000 Square Feet at D.C. Properties
03/27/2006 Category: Leasing and Development
Leo A Daly Renews and Expands
Cranford, New Jersey—March 27, 2006—Mack-Cali Realty Corporation (NYSE: CLI) today announced it has completed 50,654 square feet of leasing transactions at its Washington, D.C., properties. Highlights of these transactions include three leases at 1201 Connecticut Avenue, NW, a 169,549 square-foot class A office building:
- Leo A Daly Company, a planning, architecture, engineering and interior design firm, signed leases for 27,374 square feet including a renewal of 14,830 square feet and an expansion of 12,544 square feet. Craig Lussi of Studley represented the tenant and Mack-Cali was represented by Susan Thomas and Brian Raher of Cushman & Wakefield and in-house by John Adderly, regional director.
- Pathfinder International, Inc., a health services organization, leased 15,513 square feet, an expansion of 5,114 square feet from its current space. Bill Meyer of The Meyer Group represented the tenant and Susan Thomas, Brian Raher and John Adderly represented Mack-Cali.
- Education Sector, Inc., a research and analysis provider, signed a new lease for 4,357 square feet. Andrew Wolf of Randall Hagner, Ltd. represented the tenant and Susan Thomas, Brian Raher and John Adderly represented Mack-Cali.
At 1400 L Street, NW, The ERISA Industry Committee, an employee benefits advocacy group, renewed its 3,410 square-foot lease. 1400 L Street is a 159,000 square-foot class A office building. Susan Cohn of Kane Real Estate Services represented the tenant and Susan Thomas, Brian Raher and John Adderly represented Mack-Cali.
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 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.