Four Mack-Cali Properties Receive BOMA Awards

06/13/2008 Category: Miscellaneous

New Jersey Properties Awarded for Excellence in Building Management

Edison, New Jersey—June 13, 2008—Mack-Cali Realty Corporation (NYSE: CLI) today announced that four if its office buildings in New Jersey have received The Office Building of the Year ("TOBY") award from the New Jersey Chapter of the Building Owners and Managers Association ("BOMA").

The awards, presented at BOMA-New Jersey's Annual Night at the Races Awards Dinner on June 11 at Pegasus West in East Rutherford, were received for the following class A office buildings:

  • 343 Thornall Street in Edison, an eight-story, 195,709 square-foot building, in the 100,000-249,999 square-foot category;
  • 4 Becker Farm Road at 280 Corporate Center in Roseland, a four-story, 281,762 square-foot building, in the 250,000-499,999 square-foot category;
  • 101 Hudson Street in Jersey City, a 42-story, 1.25 million square-foot building, in the category of over 1,000,000 square feet; and
  • 23 Main Street in Holmdel, a two-story, 350,000 square-foot building, in the corporate facility category.

Mitchell E. Hersh, president and chief executive officer of Mack-Cali, commented, "Providing superior work environments for our tenants is our Company's main objective, and we are grateful that our buildings and our property management expertise continue to be recognized year after year."

The TOBY award is based on excellence in office building management, with all facets of a property's operations evaluated including building maintenance, tenant relations programs, emergency preparedness and security standards, and community involvement.

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

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.