Mack-Cali Honors Westchester and Connecticut Brokers

03/31/2008 Category: Miscellaneous

Carl Austin of Austin Corporate Properties, Inc. Receives Distinguished Service Award

Edison, New Jersey—March 31, 2008—Mack-Cali Realty Corporation (NYSE: CLI) today announced that it has presented its 2007 Westchester/Connecticut Broker Hall of Fame Awards at a reception held recently at the Westchester Country Club in Rye, New York.

Carl Austin, president of Austin Corporate Properties, Inc., was the recipient of Mack-Cali's Distinguished Service Award for Westchester and Connecticut.

Other honorees included:

  • Howard E. Greenberg of Howard Properties, Ltd., Most Deals by an Individual or Team and Largest Office Deal.
  • William Peters of Staubach Company, Largest Flex Deal.
  • Al Gutierrez and John Nugent of CB Richard Ellis, Most Creative Deal.

Mitchell E. Hersh, president and chief executive officer of Mack-Cali, commented, "We're pleased to honor these award recipients for their outstanding efforts and accomplishments throughout the past year. We look forward to an exciting 2008, as we continue our partnership with the brokerage community and pursue new growth opportunities for our company."

In New York and Connecticut, where Mack-Cali owns or has interests in 80 office properties totaling over 6.3 million square feet, the Company completed over 1.0 million square feet of leasing transactions in 2007. Company-wide, over 4.0 million square feet of leasing transactions were completed during the year.

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.