Mack-Cali Announces New Lease at Moorestown Complex
07/17/2008 Category: Leasing and Development
Edison, New Jersey—July 17, 2008—Mack-Cali Realty Corporation (NYSE: CLI) today announced that Regal Wine Imports Inc. has signed a new 25,895 square-foot lease for its headquarters at 2 Commerce Drive in Moorestown, New Jersey. The lease carries a term of 10 years.
Regal Wine Imports Inc. is a wine and liquor wholesaler. 2 Commerce Drive, located at Moorestown West Corporate Center, is a 49,000 square-foot office/flex building that is 74.1% leased.
John Adderly, Mack-Cali vice president of leasing, commented, "We're delighted that Regal Wine Imports has chosen a Mack-Cali property for its headquarters location. We continue to strive to provide superior workplaces for a diversity of businesses, and we look forward to building a successful long-term relationship with this new tenant."
Regal Wine Imports Inc. was represented by Kirk Miller of Cushman & Wakefield of New Jersey. Mack-Cali was represented in-house by Tim O'Brien, leasing director.
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.