Mack-Cali’s Parsippany Property Achieves LEED® Gold Certification
06/04/2014 Category: Miscellaneous
Edison, New Jersey—June 4, 2014—Mack-Cali Realty Corporation (NYSE: CLI) today announced that 5 Wood Hollow Road in Parsippany, N.J., has received LEED® for Existing Buildings: Operations & Maintenance™ Gold certification from the U.S. Green Building Council (USGBC). 5 Wood Hollow Road is the 13th commercial property in New Jersey to receive this prestigious award.
The LEED for Existing Buildings: O&M rating system recognizes maximized operational efficiency with minimized environmental impact. It addresses cleaning and maintenance issues, including chemical use, recycling programs, exterior maintenance programs, and system upgrades. It is the only LEED rating system under which projects can demonstrate actual energy efficiency and sustainable operations performance metrics.
Highlights of the building’s sustainability achievements include:
- Elimination of all uses of potable water for irrigation, resulting in savings of approximately two million gallons of water
- Installation of new low flow restroom fixtures, resulting in a 30 percent annual reduction in water use
- Recycling efforts resulting in a 60 percent diversion rate of recyclables from landfill
- Reduction of parking lot lighting after hours, saving electricity and preventing light pollution
- Use of 100 percent environmentally friendly cleaning products
This project was completed by the Mack-Cali property management team, with Gerard Hazel of Sustainable Systems LLC providing consulting services.
Mitchell E. Hersh, Mack-Cali president and chief executive officer, commented, “We are very proud to have achieved this prestigious designation at 5 Wood Hollow Road, which exemplifies the institutional quality of this class A building. We find businesses today are seeking office properties that are energy efficient and more sustainable, with a goal of reducing their overall carbon footprint.”
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 266 office and office/flex properties totaling approximately 30.8 million square feet and 13 multi-family rental properties containing approximately 3,900 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 available for lease can be found 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.