Mack-Cali Signs Lease With Travelers at New Jersey Building

03/30/2006 Category: Leasing and Development

Leases Approximately 70,000 Square Feet at Mack-Cali Business Campus in Parsippany

Cranford, New Jersey—March 30, 2006—Mack-Cali Realty Corporation (NYSE: CLI) today announced that Travelers of New Jersey, a subsidiary of St. Paul Travelers (NYSE: STA), has signed a new lease for 69,878 square feet at 6 Century Drive at Mack-Cali Business Campus in Parsippany, New Jersey. The lease carries a term of five years and seven months.

Mitchell E. Hersh, president and chief executive officer of Mack-Cali, stated, "With this significant lease agreement, we're pleased that Travelers has chosen a Mack-Cali building to meet its office space needs. We welcome this high-quality organization to our tenant roster and look forward to serving the company for years to come."

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," "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.