Mack-Cali Announces ENERGY STAR Rating Awarded for Connecticut Property
06/15/2010 Category: Miscellaneous
Edison, New Jersey—June 15, 2010—Mack-Cali Realty Corporation (NYSE: CLI) today announced that 40 Richards Avenue, a 145,487-square-foot, class A office building in Norwalk, Connecticut, has earned the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy’s prestigious ENERGY STAR, the national symbol for superior energy performance.
This new ENERGY STAR designation follows nine other such awards presented to Mack-Cali properties over the last six months.
Commercial buildings that earn the ENERGY STAR use an average of 35 percent less energy than typical buildings and also release into the atmosphere 35 percent less carbon dioxide. Only commercial buildings and industrial plants in the top 25 percent of facilities in the nation for energy efficiency may qualify for this rating.
40 Richards Avenue was recognized for the coveted ENERGY STAR award based, in part, on monthly building physical systems inspections, ongoing preventive maintenance measures, and the optimal use of outside air to minimize the need for mechanical heating and cooling of the buildings without impacting tenant comfort.
Mitchell E. Hersh, Mack-Cali president and chief executive officer, commented, “This ENERGY STAR award is an excellent demonstration of our commitment to energy-efficient operations and our overall energy management program. We expect to add more properties to this prestigious list in the months to come.”
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 287 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 32.9 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.