Mack-Cali Announces Lease Renewal with Harsco at Paramus Building
01/30/2009 Category: Leasing and Development
Edison, New Jersey—January 30, 2009—Mack-Cali Realty Corporation (NYSE: CLI) today announced that Harsco Corporation has signed a 10-year renewal for 22,000 square feet at Mack Cali Centre II, 650 From Road in Paramus, NJ.
Harsco Corporation, a worldwide industrial services company has been a tenant at the property since 1992.
Mitchell E. Hersh, Mack-Cali president and chief executive officer, commented, "We're delighted that our relationship with this top-tier tenant continues. This renewal with Harsco is a prime example of Mack-Cali's continuing success in maintaining excellent, long-lasting relationships with high-quality tenants."
Mack-Cali Centre II is a 348,510-square-foot class A office building that is 88.8 percent leased. Charles Laginestra and Ronald Volk of CB Richard Ellis represented the tenant, and Mack-Cali was represented in-house by Christopher DeLorenzo, vice president 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 293 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 33.5 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.