Mack-Cali Announces ENERGY STAR Rating Awarded for Two Westchester County Properties

07/23/2010 Category: Miscellaneous

Edison, New Jersey—July 23, 2010—Mack-Cali Realty Corporation (NYSE: CLI) today announced the awarding of two prestigious ENERGY STAR designations. These awards, given by the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy, are the national symbol for superior energy performance. The awards were given to Mack-Cali’s twin six-story, class A, 170,554-square-foot properties located at 555 Taxter Road and 565 Taxter Road, in Taxter Corporate Park, Elmsford, New York.

Commercial buildings that earn the ENERGY STAR use an average of 35 percent less energy than typical buildings and also release 35 percent less carbon dioxide into the atmosphere. Only commercial buildings and industrial plants in the top 25 percent of facilities in the nation for energy efficiency qualify for this rating.

555 and 565 Taxter Road were recognized for the ENERGY STAR award based, in part, through the use of energy efficient lighting, building physical system inspections, careful programming and monitoring of the automated building management system, ongoing preventative maintenance measures, and the minimization of mechanical heating and cooling of the buildings through the use of outside air.

Mitchell E. Hersh, Mack-Cali president and chief executive officer, commented, “We are pleased to add these buildings to our growing list of properties that have earned the ENERGY STAR. We remain committed to energy-efficient operations and expect to add more properties to this prestigious list.”

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.