Mack-Cali Announces Leases at Westchester County Properties

03/19/2009 Category: Leasing and Development

Edison, New Jersey—March 19, 2009—Mack-Cali Realty Corporation (NYSE: CLI) today announced two lease transactions totaling 78,353 square feet at its Westchester County, New York properties:

  • Diebold Enterprise Security, Inc., a global security system and service provider, signed a new seven-year and six-month lease for 32,250 square feet at 3 Westchester Plaza in Elmsford. Located in Cross Westchester Executive Park, 3 Westchester Plaza is a 93,500-square-foot office/flex building that is 84.9 percent leased. The tenant was represented by William Cuddy, Jr. and Timothy Donohue of CB Richard Ellis. Mack-Cali was represented in-house by Jeffrey Warner, vice president of leasing, and Carol McGuire, senior director of leasing.
  • Acorda Therapeutics, Inc., a biotechnology company, has signed a three-year renewal for 46,103 square feet at 15 Skyline Drive in Hawthorne. Located in Mid-Westchester Executive Park, 15 Skyline Drive is a 55,000-square-foot class A office/flex building that is 100 percent leased. The tenant was represented by Ellen Benedek and Carl Silbergleit of NAI Friedland Realty, Inc. Mack-Cali was represented in-house by Jeffrey Warner, vice president of leasing, and Ivan Abry, senior director of leasing.

Jeff Warner, commented, "These leases are excellent examples of Mack-Cali's ability to attract and retain high-quality tenants. We appreciate the opportunity to serve their office space needs."

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

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.