Mack-Cali Realty Corporation Achieves Energy Star Rating for a Second Morris County Property
12/01/2008 Category: Miscellaneous
Edison, New Jersey—December 1, 2008—Mack-Cali Realty Corporation (NYSE: CLI) today announced that 8 Campus Drive at Mack-Cali Business Campus in Parsippany, N.J. earned the U.S. Environmental Protection Agency (EPA)'s prestigious Energy Star, the national symbol for superior energy efficiency and environmental protection.
The award is the second Energy Star for a Mack-Cali Business Campus building. On October 14, the Company announced that 4 Gatehall Drive had received the designation.
Commercial buildings that earn the Energy Star use an average of 40 percent less energy than typical buildings and also release 35 percent less carbon dioxide into the atmosphere. Only buildings and industrial plants that rate in the top 25 percent of facilities in the nation for energy efficiency may qualify for the Energy Star.
The Energy Star award for 8 Campus Drive was made possible by educating building personnel on energy conservation techniques and applying practices to the building's operating procedures. Measures include monitoring energy usage, conducting energy audits, trending run times of building operating systems and ensuring these systems function at peak efficiency.
Mitchell E. Hersh, Mack-Cali president and chief executive officer, commented; "We're pleased to be able to demonstrate to our tenants our commitment to doing our best for them, by achieving operating cost efficiencies, while helping to preserve the environment."
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.