Mack-Cali Saddened by Passing of John J. Cali
02/04/2014 Category: Miscellaneous
Edison, New Jersey—February 4, 2014—The Board of Directors, management, and staff of Mack-Cali Realty Corporation (NYSE: CLI) are greatly saddened by the passing of John J. Cali on February 1, 2014.
Mr. Cali co-founded Cali Associates in 1949 with his brother, Angelo R. Cali, and a friend, Edward Leshowitz. Mr. Cali served as chairman of the board of Cali Realty Corporation when the Company went public in 1994. He continued as chairman of the board through the growth of the Cali REIT and its merger in 1997 with the Mack Company. Mr. Cali retired as chairman in 2000 and became chairman emeritus until retiring in 2003.
Mitchell E. Hersh, Mack-Cali president and chief executive officer, commented, “We are deeply saddened by the passing of our dear friend, John Cali. His impact on the industry in the New Jersey region will forever be evident. His experience, knowledge, guidance, philanthropy, and friendship will be greatly missed.”
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 279 properties, consisting of 267 office and office/flex properties totaling approximately 31 million square feet and 12 multi-family rental properties containing over 3,600 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 and the commercial real estate properties and multi-family residential communities available for lease can be found on the Company’s website at www.mack-cali.com.