Mack-Cali Completes Renovations to Blue Bell Office Property
08/15/2007 Category: Miscellaneous
Edison, New Jersey—August 15, 2007—Mack-Cali Realty Corporation (NYSE: CLI) today announced it has completed a significant capital improvement project at Five Sentry Parkway East and West in Blue Bell, Pennsylvania. The two, three-story office buildings, which total 130,000 square feet, have been enhanced with exterior and interior renovations.
- Fully renovated lobby ceilings, lighting, walls and directories
- Refinished restrooms and common areas
- New exterior lighting and monument signage
- Upgraded building systems
- New courtyard pavers and landscaping
- New roof
- Cable installation
Attitude Measurement Corporation, a market research service provider, recently moved its corporate headquarters to the property, after signing a seven-year, 12,103 square-foot lease.
John Adderly, Mack-Cali vice president of leasing, commented, "These renovations allow us to enhance the appeal of the property and capitalize on emerging leasing opportunities in an improving Suburban Philadelphia market."
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 34.7 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 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 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.