Mack-Cali Announces New Lease with Transportation Firm
07/15/2008 Category: Leasing and Development
DMJM Harris Leases 59,652 Square Feet at New Jersey Property
Edison, N.J.—July 15, 2008—Mack-Cali Realty Corporation (NYSE: CLI) today announced that DMJM Harris, Inc., the U.S. transportation flagship operation of AECOM Technology Corporation (NYSE: ACM), has signed a new lease for 59,652 square feet at 30 Knightsbridge Road in Piscataway, N.J. The lease carries a term of 10 years.
30 Knightsbridge Road is a four-building, 680,350 square-foot class A office complex that is 86.8% leased.
Mitchell E. Hersh, president and chief executive officer of Mack-Cali, commented, "We're delighted that DMJM Harris has chosen a Mack-Cali property for its consolidation. 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."
DMJM Harris, Inc. was represented by Joseph Sarno of Cushman & Wakefield of New Jersey, Inc., and Ness Hamaoui of Cushman & Wakefield of California, Inc. Mack-Cali was represented in-house by Toni Casiano, senior 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.