Mack-Cali to Install Wall Street Journal Office Network in More Than 100 Buildings
10/04/2007 Category: Miscellaneous
Edison, New Jersey—October 4, 2007—Mack-Cali Realty Corporation (NYSE: CLI) has agreed to install The Wall Street Journal Office Network (The WSJ Office Network) in more than 100 office buildings in the company's portfolio.
The WSJ Office Network, created by Dow Jones & Company and partner Office Media Network (OMN), broadcasts up-to-the-minute news from The Wall Street Journal—including market indexes, weather and scrolling headlines—on digital LCD screens in the lobbies, common areas and elevators of office buildings. The service also provides building owners with an effective tool to communicate building announcements and other messages to tenants and visitors. Installation is expected in a majority of the Mack-Cali buildings by year-end 2007.
"Based on our initial pilot program, we determined that The Wall Street Journal Office Network is an attractive service that we could provide to our tenants and guests," commented Mitchell E. Hersh, president and chief executive officer, Mack-Cali Realty Corporation. "We received positive feedback from our tenants and property managers, which led to our decision to expand its availability."
"Mack-Cali's decision to install The Wall Street Journal Office Network in their buildings is a testament to the high value they place on effectively communicating with tenants and providing them with the latest high-end amenities," noted Jim Harris, chief executive officer, Office Media Network. "During the pilot program, Mack-Cali utilized the network to effectively communicate special programs and services to their tenants."
The Network will be installed in Mack-Cali properties throughout its portfolio in Northern and Central New Jersey; Suburban Philadelphia; Westchester County, New York; Fairfield County, Connecticut; Prince George's County, Maryland; and Washington, D.C.
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.
Office Media Network (www.officemedia.com), developer of The WSJ Office Network, is a leading place-based integrated marketing and communications company. OMN creates and manages solutions to support the needs of real estate owners and their customers, by combining advanced technology and world-class content. The company serves top office properties in 14 U.S. markets.
In addition to The Wall Street Journal and its international and online editions, Dow Jones & Company (NYSE: DJ; www.dowjones.com) publishes Barron's and the Far Eastern Economic Review, Dow Jones Newswires, Dow Jones Indexes, MarketWatch, and the Ottaway group of community newspapers. Dow Jones is owner of Factiva and co-owner with Hearst of SmartMoney. Dow Jones also provides news content to CNBC in the U.S. and operates The Wall Street Journal Radio Network in the U.S.
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.