Mack-Cali Announces Second Quarter Leasing Activity at Westchester County Properties

08/11/2010 Category: Leasing and Development

Edison, New Jersey—August 11, 2010—Mack-Cali Realty Corporation (NYSE: CLI) announced today that it leased 211,001 square feet during the second quarter at its office and office/flex properties in Westchester, NY, and Fairfield, CT, counties. Portfolio-wide, Mack-Cali leased 1,305,847 square feet of space during the quarter.

Highlights of the second quarter transactions include:

  • Reliance Standard Life Insurance Company signed a transaction totaling 19,401 square feet, representing a three-year, four-month renewal of 16,302 square feet and a five-year expansion of 3,099 square feet at 7 Skyline Drive in Hawthorne. Paul Hoffmann of CB Richard Ellis represented the tenant, and Mack-Cali was represented in-house by Carol McGuire, senior director of leasing. The 109,000-square-foot office building, located in Mid Westchester Executive Park, is 100 percent leased.
  • UTC Fire & Security Corporation, a fire safety and security solutions provider, signed a new seven‑year lease for 15,246 square feet at 6 Skyline Drive in Hawthorne. Adam Cooke and Mitch Rarey of USI Real Estate Brokerage Services, Inc. represented the tenant, and Mack Cali was represented in-house by Louis Amalfitano, senior director of leasing. The 44,155-square-foot office/flex building, located in Mid-Westchester Executive Park, is 100 percent leased.
  • Robert Seery, a Northwestern Mutual Insurance agent, signed a new 12-year, 14,632-square-foot lease at 50 Main Street in White Plains, New York. John Morris, Al Gutierrez, and Ian Ceppos of CB Richard Ellis represented the tenant, and Mack-Cali was represented in-house by Ivan Abry, senior director of leasing. The 309,000-square-foot class A office building, located in Westchester Financial Center, is 97.5 percent leased.
  • Voyetra Turtle Beach, Inc., designers and manufacturers of audio peripherals, signed a two year, one-month, 14,292-square-foot expansion lease at 200 Clearbrook Road in Elmsford, New York, increasing its occupancy to 27,912 square feet at Cross Westchester Executive Park. Mack-Cali was represented in-house by Ivan Abry. The 94,000-square-foot office/flex building is 91.8 percent leased.
  • American Moving & Storage, Inc. signed a new lease for 13,434 square feet at 3 Westchester Plaza, in Elmsford, New York. Mack-Cali was represented in-house by Ivan Abry. The 93,500-square-foot office/flex building, located in Cross Westchester Executive Park, is 99.3 percent leased.
  • Law firm O'Connor, McGuinness, Conte, Doyle & Oleson, LLP signed a 10-year, five-month lease renewal for 13,100 square feet at One Barker Avenue, in White Plains. William V. Cuddy, Jr. of CB Richard Ellis represented the tenant and Mack-Cali was represented by Ivan Abry. The 68,000-square-foot office building is 94.0 percent leased.

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

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.