Mack-Cali Announces New Lease with Leading Insurance Provider at Harborside Financial Center

04/02/2012 Category: Leasing and Development

Edison, New Jersey—April 2, 2012—Mack-Cali Realty Corporation (NYSE: CLI) today announced that Tower Insurance Company of New York has signed a new 10-year, 11-month 76,892-square-foot lease at Harborside Financial Center in Jersey City.

Tower Insurance Company, one of the largest providers of property and casualty insurance products and services in the country, will occupy space at Harborside Plaza 2, a 761,200-square-foot class A office building. Harborside Financial Center is a "city within a city," comprised of five state-of-the-art class A office buildings totaling 3.1 million square feet, retail shops, a variety of dining options, planned luxury multi-family rental towers, and land—providing an ideal development opportunity. The complex is currently 97.3 percent leased. The tenant was represented in the transaction by Mark Ravesloot, Scott Sloves, and David Opper, all of CB Richard Ellis.

Mitchell E. Hersh, Mack-Cali president and chief executive officer, commented, “We are delighted to welcome Tower Insurance Company to our portfolio of class A office properties. Harborside Financial Center continues to be an attractive office location for leading businesses due to its abundant amenities, excellent transportation access, and significant financial benefits."

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‑

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