Mack-Cali's Mitchell Hersh Appointed to NJ Governor-Elect's Transition Subcommittee

11/30/2009 Category: Miscellaneous

Edison, New Jersey—November 30, 2009—Upon appointment to Governor-Elect Chris Christie’s Economic Development and Growth Transition Subcommittee, Mack-Cali Realty Corporation (NYSE: CLI) President and Chief Executive Officer Mitchell E. Hersh issued the following comments today:

“The New Jersey Governor-Elect, his team, and the State legislature face many challenges as they look to restore a vibrant Garden State economy. Among them is the essential need to develop and enact pro-business initiatives that will attract and retain industry in the State. This subcommittee has been formed to provide the best recommendations. I appreciate Governor-Elect Christie’s confidence in my ability to help, and I look forward to working closely with him as well as my fellow subcommittee members.”

The Economic Development and Growth Transition Subcommittee, which is co-chaired by Woodbridge Mayor John McCormac and Dennis Bone, President, Verizon, New Jersey, is comprised of key executives at many of the State’s key businesses. An initial meeting of the Subcommittee will occur today.

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

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.