Mack-Cali Announces ENERGY STAR Rating Awarded for Three New Jersey Office Properties
03/17/2011 Category: Miscellaneous
Edison, New Jersey—March 17, 2011—Mack-Cali Realty Corporation (NYSE: CLI) today announced that their corporate headquarters building at 343 Thornall Street in Edison, New Jersey, and two Morris County properties – 4 Campus Drive and 4 Gatehall Drive, both located at Mack-Cali Business Campus in Parsippany, New Jersey – have received ENERGY STAR designations. This award, given by the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy, is the national symbol for superior energy performance.
By meeting strict energy performance standards, commercial buildings may earn the ENERGY STAR rating the same as new homes or household appliances. ENERGY STAR qualified commercial buildings meet stringent EPA performance standards by utilizing less energy and releasing less greenhouse gas into the atmosphere. On average, these facilities use 35 percent less energy and emit 35 percent less carbon dioxide than their peers. Only commercial buildings and industrial plants in the top 25 percent of facilities in the nation for energy efficiency may qualify for this rating.
Energy conservation at 343 Thornall Street has been a priority for property management for several years. The building’s property management team implemented Mack-Cali’s “Building Best Operating Practices” several years ago, including a lighting retrofit in the structured parking garage, motion detector installations in common area hallways, restrooms, and fire stairways, and the addition of a state-of-the-art energy management system. A dedicated building manager ensures that all systems and upgrades continue to work as designed.
4 Campus Drive and 4 Gatehall Drive 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. Management is dedicated to continuing improvements to reduce energy use and to ensure that existing equipment performs at a high level of efficiency.
Mitchell E. Hersh, Mack-Cali president and chief executive officer, commented, “We are pleased that these premier properties are the recipients of this designation. We remain committed to energy-efficient operations and expect to add more properties to this prestigious list.”
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 277 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 32.2 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of over 2,000 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.