Blue Hill Plaza Recognized for Recycling Program
12/09/2008 Category: Miscellaneous
Edison, New Jersey—December 9, 2008—Mack-Cali Realty Corporation (NYSE: CLI) today announced that Blue Hill Plaza in Pearl River, New York has received the 2008 Rockland Recycles Award, and the Rockland County Distinguished Service Award for its recycling strategies that reduce the amount of waste sent to landfills, while also reducing costs.
Mack-Cali is the agent for the owner of Blue Hill Plaza, which consists of two 550,000 square-foot class A office buildings. The property is owned by a joint venture of Glorious Sun and Robert Martin Company.
With the assistance of Great Forest, a leader in sustainability program management, Blue Hill Plaza has been recycling since 1994. The recycling program has 100 percent tenant participation, and has reduced solid waste disposed by the complex by 40 percent since inception, with an estimated accumulated savings of $250,000. Materials recycled include paper, cardboard, bottles, plastics, electronic devices, lamps, batteries, and cell phones. Blue Hill Plaza has diverted over 9,300 tons of cardboard, over 2,100 tons of mixed papers, and over 40 tons of bottles, cans and plastics.
New tenants at Blue Hill Plaza receive a recycling program guide in their move-in package, and are given the opportunity to meet with a recycling consultant. Additionally, all cleaning and kitchen staff members receive training in the ongoing maintenance of source separation programs.
Dean Cingolani, Mack-Cali vice president of property management commented, "Mack-Cali is honored to accept these awards as clear demonstrations of its commitment to environmentally friendly operations at Blue Hill Plaza."
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 294 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 33.7 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.