Mack-Cali Receives BOMA Office Building Awards

05/23/2006 Category: Miscellaneous

Two Westchester Properties Awarded for Excellence in Building Management

Cranford, New Jersey—May 23, 2006—Mack-Cali Realty Corporation (NYSE: CLI) today announced that two of its Westchester County, New York, properties have been presented with The Office Building of the Year ("TOBY") award by the Westchester Chapter of the Building Owners and Managers Association ("BOMA"). The awards were presented recently at the BOMA Westchester Chapter's Hall of Honor Awards Dinner held at Abigail Kirsch at Tappan Hill in Tarrytown.

The TOBY award is based on excellence in office building management, with all facets of a property's operations evaluated including building maintenance, tenant relations programs, emergency preparedness and security standards, and community involvement.

The properties awarded are:

  • 17 Skyline Drive, a two-story class A office building located in the Mid-Westchester Executive Park in Hawthorne, awarded in the category of office buildings under 100,000 square feet.
  • 50 Main Street, a 16-story class A office building located in the Westchester Financial Center in White Plains, awarded in the 250,000 — 499,999 square feet category.

Jim Bell, senior director of property management, and Christina Damiano, property manager, accepted the awards on behalf of Mack-Cali. Mitchell E. Hersh, Mack-Cali president and chief executive officer, commented, "These awards are excellent demonstrations of Mack-Cali's continuing commitment to upholding the highest standards for the management of our 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 currently owns or has interests in 297 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 33.6 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of approximately 2,400 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.