Mack-Cali Announces 74,000-Square-Foot Lease with Valley Hospital in Paramus
05/04/2015 Category: Leasing and Development
Edison, New Jersey—May 4, 2015—Mack-Cali Realty Corporation (NYSE: CLI) today announced that Valley Hospital, Inc. has signed a new 10-year lease for 73,978 square feet at Mack-Cali Centre III in Paramus, New Jersey.
Strategically located directly off of the Garden State Parkway at 140 East Ridgewood Avenue in prestigious Bergen County, Mack-Cali Centre III features two distinct towers joined by a dramatic seven-story atrium, an on-site café with outdoor seating, and advanced building systems.
The tenant was represented in the transaction by Robert Rudin of Cushman & Wakefield. Christopher DeLorenzo, senior vice president of leasing, represented the Landlord.
Mitchell E. Hersh, president and chief executive officer of Mack-Cali, commented, “I had the pleasure of working with the Valley Hospital executive team on this transaction. We’re delighted to welcome Valley Hospital to Mack-Cali Centre III.”
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 284 properties, consisting of 263 office and office/flex properties totaling approximately 30.9 million square feet and 21 multi-family rental properties containing approximately 6,100 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.
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.