Mack-Cali Receives BOMA Award for Connecticut Property
10/30/2007 Category: Miscellaneous
Edison, New Jersey—October 30, 2007—Mack-Cali Realty Corporation (NYSE: CLI) today announced that its Stamford Executive Park in Stamford, Connecticut, has received The Office Building of the Year ("TOBY") Award from the Southern Connecticut Chapter of the Building Owners and Managers Association ("BOMA").
The award, which was presented recently at the BOMA Chapter's Annual TOBY Awards Gala, was received in the industrial park category. The TOBY award is based on excellence in office building management, with all facets of a property's operations evaluated including building maintenance, operational efficiency, tenant retention, emergency preparedness, and community impact.
William Rifkin, director of property management, who accepted the award on behalf of Mack-Cali, commented, "This award is an excellent demonstration of Mack-Cali's commitment to provide tenants with the superior work environments they need to prosper."
Stamford Executive Park consists of five office/flex buildings totaling 273,000 square feet. The park is 98.4% leased.
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 302 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 34.9 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of approximately 2,200 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.