Mack-Cali Announces ENERGY STAR Rating Awarded to Bergen County Property
07/30/2010 Category: Miscellaneous
Edison, New Jersey—July 30, 2010—Mack-Cali Realty Corporation (NYSE: CLI) today announced the awarding of the prestigious ENERGY STAR designation to Mack-Cali Centre II, a class A, 348,510-square-foot property located at 650 From Road in Paramus, New Jersey. The award, given by the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy, is the national symbol for superior energy performance.
Mack-Cali Centre II was recognized for the ENERGY STAR award based, in part, on monthly building physical systems inspections, ongoing preventive maintenance measures, the conversion to T8 fluorescent light bulbs, and the minimization of mechanical cooling of the buildings through the use of outside air.
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.
Mitchell E. Hersh, Mack-Cali president and chief executive officer, commented, “This is the 13th ENERGY STAR award achieved at Mack-Cali properties in 2010, and clearly demonstrates to tenants and shareholders our ongoing commitment to energy-efficient operations, while helping to preserve the environment. We remain committed to adding 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.