Mack-Cali Announces Four Leases in Westchester County

03/01/2007 Category: Leasing and Development

Edison, New Jersey—March 1, 2007—Mack-Cali Realty Corporation (NYSE: CLI) today announced four lease agreements in Westchester County, New York.

  • Singer Holding Corporation, a home heating oil supplier, renewed its lease of 15,000 square feet at 500 Executive Boulevard in Elmsford. 500 Executive Boulevard is a 41,600 square-foot office/flex building, located at Cross Westchester Executive Park, that is 100 percent leased. Ivan Abry, in-house senior director of leasing, represented Mack-Cali.
  • Matrix Absence Management, Inc., a provider of customized management of employers' disability, workers' compensation and family leave programs, leased 16,302 square feet at 7 Skyline Drive in Hawthorne, New York. The lease included a renewal of 14,126 square feet and a 2,176 square-foot expansion. Located in Mid-Westchester Executive Park, 7 Skyline Drive is a 109,000 square-foot class A office property that is 95.3 percent leased. Carol McGuire, in-house senior director of leasing, represented Mack-Cali.
  • Konica Minolta Business Solutions USA, Inc., a document imaging products provider, signed a new lease for 11,650 square feet at 200 White Plains Road in Tarrytown. The six-story, 89,000 square-foot class A office building is located in Talleyrand Office Park and is 97.9 percent leased. Carol McGuire represented Mack-Cali.
  • Starwood Hotels & Resorts renewed its lease for 10,275 square feet at 5 Skyline Drive in Hawthorne. The 124,022 square-foot office/flex building, located in Mid-Westchester Executive Park, is 100 percent leased. Paul Enea of NAI Friedland Realty represented the tenant and Ivan Abry 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 owns or has interests in 300 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 2,200 tenants.

Additional information on Mack-Cali Realty Corporation is available on the Company's website at

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 heading "Disclosure Regarding Forward-Looking Statements" and "Risk Factors" in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q, which are incorporated herein by reference. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.