Mack-Cali Announces Leases Totaling Over 117,000 Square Feet at Westchester Properties

07/30/2008 Category: Leasing and Development

Edison, New Jersey—July 30, 2008—Mack-Cali Realty Corporation (NYSE: CLI) today announced lease transactions totaling 117,719 square feet at its Westchester County, New York properties:

  • AFP Imaging Corporation, a provider of diagnostic imaging products, renewed its lease for 47,735 square feet for 10 years at 250 Clearbrook Road in Elmsford. The 155,000 square-foot office/flex building, located at Cross Westchester Executive Park, is 97.3% leased. Carl Austin and Philip Luria of Austin Corporate Properties represented the tenant.
  • HQ Global Workplaces LLC, a provider of full-service office rentals, renewed its lease for 22,064 square feet for five years at 50 Main Street in White Plains. The 309,000 square-foot class A office building, located at Westchester Financial Center, is 99.4% leased. David Block of CB Richard Ellis represented the tenant.
  • Con-Way Freight Inc., a freight transportation company and a subsidiary of Con-Way Inc. (NYSE: CNW), renewed its lease for five years for the entire 22,100 square-foot warehouse building at 6 Warehouse Lane at Elmsford Distribution Center in Elmsford.
  • EquiSearch Services Inc., a provider of lost account holder search and recovery services, signed a new five-year lease for 13,810 square feet at 555 Taxter Road in Elmsford. The 170,554 square-foot class A office building, located at Taxter Corporate Park, is 100% leased. Paul Hoffmann of CB Richard Ellis represented the tenant.
  • JGB Health Facilities, an affiliate of The Jewish Guild for the Blind, signed a new lease for 12,010 square feet for seven years at 4 Executive Plaza in Yonkers. Located at South Westchester Executive Park, the 80,000 square-foot office/flex building is 100% leased. Michael Norris of Colliers ABR represented the tenant.

On each deal, Mack-Cali was represented in-house by Louis Amalfitano, director of leasing.

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.