Mack-Cali Announces EPA and U.S. Department of Energy's ENERGY STAR Ratings Awarded to Two Properties
01/11/2010 Category: Miscellaneous
Edison, New Jersey—January 11, 2010—Mack-Cali Realty Corporation (NYSE: CLI) today announced that 1 Executive Boulevard at South Westchester Executive Park, Yonkers, New York, and Soundview Plaza located at 1266 East Main Street, Stamford, Connecticut, have 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.
Commercial buildings that earn the ENERGY STAR use an average of 40 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.
The 1 Executive Boulevard property was recognized for the ENERGY STAR award based, in part, on monthly physical systems checklists, installation of a Johnson Controls building management system, and ongoing preventive maintenance measures.
Soundview Plaza was recognized for the ENERGY STAR award through monthly physical systems checklists, the installation of T-8 lamps and electronic ballasts throughout office and parking garage spaces, electronic emergency lighting, and the use of the Economizer system, which uses outside air whenever possible and helps to minimize the need for mechanical heating and cooling of the building.
Mitchell E. Hersh, Mack-Cali president and chief executive officer, commented, “These ENERGY STAR awards are excellent demonstrations of our commitment to energy-efficient operations and our overall energy management program.”
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 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.