Mack-Cali Announces Four New Jersey Properties Receive ENERGY STAR Rating
03/17/2010 Category: Miscellaneous
Edison, New Jersey—March 17, 2010—Mack-Cali Realty Corporation (NYSE: CLI) today announced that four properties in New Jersey are the latest to 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.
The buildings that received the ENERGY STAR are:
- Mack-Cali Centre III, 140 East Ridgewood Avenue, Paramus
- 17-17 Route 208 North, Fair Lawn
- 8 Campus Drive, Mack-Cali Business Campus, Parsippany
- 105 Eisenhower Parkway, Eisenhower/280 Corporate Center, Roseland
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 may qualify for this rating.
Mack-Cali’s buildings were recognized for their energy-efficient systems and technologies that exceed industry standards for energy utilization and performance, emissions, indoor air quality, lighting, and thermal environmental conditions. This is the second consecutive year that this designation was received by 8 Campus Drive.
Mitchell E. Hersh, Mack-Cali president and chief executive officer, commented, “These awards are excellent demonstrations of our continuous focus on energy efficiency, and we are pleased to continue increasing the number of Mack-Cali properties that hold this impressive designation.”
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.