Mack-Cali Announces Lease Renewal with Rail Industry Provider
04/28/2009 Category: Leasing and Development
Edison, NJ—April 28, 2009—Mack-Cali Realty Corporation (NYSE: CLI) today announced that Westinghouse Air Brake Technologies Corporation has signed a five-year lease renewal for 28,000 square feet at 4 Warehouse Lane in Elmsford, NY.
Westinghouse Air Brake Technologies Corporation is a global provider of value-added, technology-based products and services for the rail industry.
4 Warehouse Lane, located in the Elmsford Distribution Center, is a 195,500-square-foot industrial/warehouse building. The building is 96.7 percent leased. Elmsford Distribution Center is a six-building, 387,400-square-foot park strategically located on Route 9A, in the heart of Westchester County, with easy access to area highways.
Jeffrey Warner, Mack-Cali vice president of leasing, commented, "This renewal reflects the continued success of Mack-Cali's strategy to build successful, long-term tenant relationships by maintaining high standards for both our properties and our services."
Mack-Cali was represented in-house by Ivan Abry, senior director 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 294 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 33.8 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.