Mack-Cali Building Receives NJBIA New Good Neighbor Award

06/09/2008 Category: Miscellaneous

Hamilton Township Building was Developed for AAA Mid-Atlantic

Edison, New Jersey—June 9, 2008—Mack-Cali Realty Corporation (NYSE: CLI) announced that 700 Horizon Drive in Hamilton Township, New Jersey has received a 2008 New Good Neighbor Award from the New Jersey Business and Industry Association ("NJBIA").

The 120,000 square-foot class A office building was developed for AAA Mid-Atlantic in 2007, and is located at Mack-Cali's Horizon Center Business Park. AAA Mid-Atlantic pre-leased the building, also known as the AAA Operations Center, for a 15-year term.

The award, which is based on economic benefit, job creation, architectural merit and community involvement, was presented at the NJBIA New Good Neighbor Awards Luncheon on June 6 at the Sheraton at Woodbridge Place in Iselin, New Jersey.

Mitchell E. Hersh, president and chief executive officer of Mack-Cali, commented, "Mack-Cali continues to be the preferred landlord of many great companies, while also striving to be a good neighbor in the communities where we operate. We are proud to be recognized, along with AAA Mid-Atlantic, for making a positive contribution to the state and community with this new class A office development."

Fletcher Thompson was the architect and Jeffrey M. Brown was the general contractor on the development.

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.