Mack-Cali Announces New Lease with Leading Coffee Manufacturer at Westchester County Property
11/07/2012 Category: Leasing and Development
Edison, New Jersey—November 7, 2012—Mack-Cali Realty Corporation (NYSE: CLI) today announced that Barrie House Coffee Co., Inc. has signed a new 10-year, four-month 67,721-square-foot lease at 4 Warehouse Lane in Elmsford, NY.
Barrie House Coffee, a leading coffee manufacturing and allied product distribution company, joins Mack‑Cali’s tenant roster in this 195,500-square-foot industrial/warehouse building. Located in Elmsford Distribution Center, the building is currently 96.7 percent leased. The tenant was represented in the transaction by Andrew Grossman of NAI Friedland. Mack-Cali was represented in-house by Ivan Abry, senior director of leasing.
Mitchell E. Hersh, Mack-Cali president and chief executive officer, commented, “We are delighted to welcome Barrie House Coffee Co. and look forward to serving its long-term space needs. Mack-Cali continues to be the landlord of choice and attract leading companies to our portfolio of premier properties.”
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 281 properties consisting of 275 office and office/flex properties totaling approximately 31.9 million square feet and six multi-family rental properties containing over 1,700 residential units, all located in the Northeast. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of commercial and residential 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.