A&E Distribution Extends Lease at Mack-Cali's Little Ferry Property
11/18/2009 Category: Leasing and Development
Edison, New Jersey—November 18, 2009—Mack-Cali Realty Corporation (NYSE: CLI) today announced that A&E Distribution, Inc. has signed a five-year lease renewal for 63,400 square feet at Mack-Cali Airport, 200 Riser Road in Little Ferry.
A&E Distribution, a subsidiary of retailer A&E Stores, Inc., was represented by Jay Opper and Gregg Najarian of Studley, Inc. Mack-Cali was represented in-house by Thomas Savoca, senior director of leasing. 200 Riser Road is a 286,628-square-foot office building that is 100 percent leased.
Mitchell E. Hersh, president and chief executive officer of Mack-Cali, commented, “We’re delighted that our relationship continues with this tenant, and we look forward to serving A&E Distribution’s space requirements for years to come.”
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 289 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 33.2 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of approximately 2,100 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.