Mack-Cali Announces New Leasing Activity at 35 Waterview Boulevard in Parsippany

01/25/2010 Category: Leasing and Development

Edison, New Jersey—January 25, 2010— Mack-Cali Realty Corporation (NYSE: CLI) today announced that it signed three new leases totaling nearly 20,000 square feet at 35 Waterview Boulevard, Waterview Corporate Center, Parsippany, New Jersey.

The transactions consist of the following:

  • Citrix Systems, a worldwide provider of virtualization, networking, and cloud computing solutions, signed a 10,518-square-foot lease. Jim Abarta, of Colliers International, and Scott Lawliss, of Colliers Houston & Co. (soon to be Cassidy Turley) represented the tenant.
  • NuWave Investment Management LLC, specializing in quantitative trading strategies, signed a 6,982-square-foot lease. Charles P. Parmelli of Colliers Houston & Co. (soon to be Cassidy Turley) represented the tenant.
  • Contractors Register, publisher of The Blue Book of Building and Construction, signed a lease for 2,313 square feet. Gary Nissman of TRS Associates represented the tenant.

Mack-Cali was represented in-house by Brian Decillis, senior director of leasing, on these transactions.

Mitchell E. Hersh, president and chief executive officer of Mack-Cali, commented, “We’re delighted that this premier property continues to attract high-quality tenants. The building offers tenants impressive amenities at a competitive rate.”

35 Waterview Boulevard, a class A property located in the heart of Parsippany, is 90.9% leased. It features a full-height, four-story granite, marble, and mahogany-appointed atrium; a premium, full-service cafeteria; and impressive pond views. Currently there is 28,000 square feet available for lease.

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

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.