Mack-Cali Announces First Quarter Leasing Activity at Westchester, Rockland, and Fairfield County Properties
05/01/2012 Category: Leasing and Development
Edison, New Jersey—May 1, 2012—Mack-Cali Realty Corporation (NYSE: CLI) today announced that it leased 227,003 square feet during the first quarter at its office and office/flex properties in Westchester and Rockland counties in New York and Fairfield County, Connecticut. Company-wide, Mack-Cali leased 1,098,191 square feet of space during the quarter.
Highlights of the first quarter transactions include:
- BTX Technologies, Inc., a manufacturer and distributor of video, audio, and data systems integration products, signed a 23,060-square-foot lease renewal at 5 Skyline Drive in Hawthorne. The 124,022-square-foot office/flex building, located in Mid-Westchester Executive Park, is 96.1 percent leased. The tenant was represented in the transaction by Al Gutierrez and Ian Ceppos, both of CB Richard Ellis. Mack-Cali was represented in-house by Ivan Abry, senior director of leasing.
- ADT Security Services, a global electronic security company, signed an 18,000-square-foot lease renewal at 125 Clearbrook Road in Elmsford. The 33,000-square-foot office/flex property, located in Cross Westchester Executive Park, is 100 percent leased. Paul Jacobs of CB Richard Ellis represented the tenant in the transaction. Mack Cali was represented in-house by Ivan Abry.
- The U.S. Postal Service signed a 17,600-square-foot lease renewal at 7 Odell Plaza in Yonkers. The 42,600-square-foot office/flex building, located in South Westchester Executive Park, is 99.6 percent leased. Mack-Cali was represented in-house by Carol McGuire, senior director of leasing.
- Vie de France Yamazaki, Inc., a national food service bakery and bakery/café operator, signed a 24,678-square-foot lease renewal at 525 Executive Boulevard in Elmsford. The 61,700-square-foot office/flex building, located in Cross Westchester Executive Park, is 100 percent leased. Mack Cali was represented in-house by Danielle Rollins, leasing associate.
Mitchell E. Hersh, Mack-Cali president and chief executive officer, commented, "These transactions clearly demonstrate that our "Tenants First" philosophy strengthens our reputation as a premier landlord, as we've had many successes in attracting new tenants, as well as retaining our existing tenants."
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," "potential," "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.