Mack-Cali Announces Renewal/Expansion Lease with Fabrication Enterprises, Inc.

06/01/2009 Category: Leasing and Development

Edison, New Jersey—June 1, 2009—Mack-Cali Realty Corporation (NYSE: CLI) today announced that Fabrication Enterprises, Inc. has signed a renewal and expansion lease for a total of 57,517 square feet at two properties in Cross Westchester Executive Park in Elmsford, New York.

Fabrication Enterprises, Inc., a manufacturer, importer, and master distributor of products for physical therapy, rehabilitation, home health and sports medicine, has renewed its existing 20,500-square-foot lease for six years at 3 Westchester Plaza, and signed a 10-year expansion for 16,300 square feet. At the same time, Fabrication Enterprises signed a six-year renewal for 20,717 square feet at 250 Clearbrook Road. The spaces carry coterminous expiration dates.

Mack-Cali was represented in-house by Ivan Abry, senior director of leasing.

Jeffrey Warner, Mack-Cali vice president of leasing, commented, “We’re pleased to retain Fabrication Enterprises, and delighted to see the company expand at this strategically located park. The entire team at Mack-Cali works hard to provide superior service to our tenants, and this lease is a demonstration of our success.”

Cross Westchester Executive Park, a 1.3 million-square-foot park featuring 26 office and office/flex buildings, is ideal for corporate offices, technology-related facilities, and light industrial, distribution, and service centers. Currently, 3 Westchester Plaza, a 93,500-square-foot office/flex building, is 84.9 percent leased; and 250 Clearbrook Road, a 155,000-square-foot office/flex building, is 97.3 percent leased.

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.