Mack-Cali Signs Lease with SM Stoller in Suburban Denver
06/21/2006 Category: Leasing and Development
Cranford, New Jersey—June 21, 2006—Mack-Cali Realty Corporation (NYSE: CLI) today announced that SM Stoller Corporation has signed a new five-year lease for 10,987 square feet at 105 South Technology Drive in Broomfield, Colorado.
SM Stoller Corporation, a provider of environmental remediation and waste management services, will relocate its headquarters from Lafayette, Colorado, to the Broomfield building. The property, which is 81.1 percent leased, is a 37,574 square-foot office building located at Interlocken Park.
Robert Drabkin, regional director of Mack-Cali, stated, "We're very pleased that SM Stoller has chosen a Mack-Cali property as its headquarters, and we look forward to serving its office space needs for years to come."
Kenneth Gooden and Patrick Bolick of The Staubach Company represented the tenant and Scott Garel and Lindsay Gilbert of Frederick Ross Company represented Mack-Cali in the transaction.
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 304 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 2,400 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.