Mack-Cali Honors Suburban Philadelphia Brokers

04/24/2007 Category: Miscellaneous

Scott Miller of CB Richard Ellis Receives Broker of the Year Award

Edison, New Jersey—April 24, 2007—Mack-Cali Realty Corporation (NYSE: CLI) today announced that it presented its 2006 Suburban Philadelphia broker awards at a luncheon held April 19 at The Kimmel Center for the Performing Arts in Philadelphia.

Scott Miller of CB Richard Ellis received the Broker of the Year award for Suburban Philadelphia.

Other honorees included:

  • Jon Sarkisian, Brian Saggiomo and Anthony LiVecchi of CBRE, Largest Office Deal and Most Deals by an Individual or Team—Southern New Jersey.
  • Paul Wolfson of NAI Geis Realty Group and Adam Shute, formerly of NAI Geis Realty Group, Largest Office Deal—Pennsylvania.
  • Marc Isdaner of Colliers Lanard & Axilbund, Largest Flex Deal.
  • Tom Hummel and Dean Geis of NAI Geis Realty Group, Impact Deal—Pennsylvania.
  • Timothy Mahoney of Mahoney Realty Group, Creative Deal.
  • Scott Miller and James Kelley of CBRE, Most Deals by an Individual or Team—Pennsylvania.

Mitchell E. Hersh, president and chief executive officer of Mack-Cali, commented, "We're pleased to honor these award recipients for their outstanding efforts and accomplishments. Suburban Philadelphia is an important market in Mack-Cali's portfolio, and we look forward to further enhancing our partnership with the region's brokerage community."

In Suburban Philadelphia and Southern New Jersey, Mack-Cali owns 50 office and office/flex properties totaling over 3.6 million square feet.

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.