Mack-Cali Announces Fourth Quarter Leasing Activity at Westchester County Properties
02/23/2010 Category: Leasing and Development
Edison, New Jersey—February 23, 2010—Mack-Cali Realty Corporation (NYSE: CLI) today announced that it leased 189,694 square feet during the fourth quarter at its office and office/flex properties in Westchester County, New York. Company-wide, Mack-Cali leased 901,468 square feet of space during the quarter.
Highlights of the fourth quarter transactions include:
- Allstar Marketing Group, LLC, a firm involved in the development, branding, marketing, and distribution of consumer products, has signed a new 10-year, 24,883-square-foot lease at 2 Skyline Drive in Hawthorne. Located in Mid-Westchester Executive Park, 2 Skyline Drive is a 30,000-square-foot office building. Adam R. Leshowitz, Brian Carcaterra, and Michael McCall of Newmark Knight Frank represented the tenant, and Mack-Cali was represented in-house by Louis Amalfitano, senior director of leasing.
- Law firm Goldberg Segalla LLP, has signed a new seven-year, three-month 17,812-square-foot lease at 11 Martine Avenue in White Plains. Located in Westchester Financial Center, 11 Martine Avenue is a 180,000-square-foot class A office property. Stephen M. Banker, Robert Eisenberg, Kyle J. Ciminelli of Newmark Knight Frank represented the tenant, and Mack-Cali was represented in-house by Louis Amalfitano.
- Oris USA, Inc., a maker of Swiss watches, signed a new, six-year, two-month, 15,000-square-foot lease at 12 Skyline Drive in Hawthorne. Located in Mid-Westchester Executive Park, 12 Skyline Drive is a 46,850-square-foot office/flex building that is 100 percent leased. Mack-Cali was represented in-house by Louis Amalfitano.
- New York Blood Center, a provider of transfusion products and services, signed a 10 year lease renewal for 16,920 square feet at 525 Executive Boulevard in Elmsford. Located in Cross Westchester Executive Park, 525 Executive Boulevard is a 61,700-square-foot office/flex building that is 100 percent leased. Mack-Cali was represented in house by Carol McGuire, senior director of leasing.
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.