Mack-Cali Hires Beth Gorin as Director of Business Development

06/04/2007 Category: Miscellaneous

Edison, New Jersey—June 4, 2007—Mack-Cali Realty Corporation (NYSE: CLI) today announced it has hired Beth Gorin as director of business development. Ms. Gorin previously served as president and chief executive officer of both the Lehigh Valley and Bergen County Economic Development Corporations, and held other executive positions in the business development field.

In her new position, Ms. Gorin, 36, will be responsible for sourcing new business opportunities in real estate transactions, including acquisitions and development.

Ms. Gorin has also held positions as executive director/chief operating officer of Bayonne Town Center, business development director for Square Foot L.L.C., and marketing consultant for ARC Properties. She holds a B.A. degree in public relations from the University of South Carolina.

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 302 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 34.4 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.