Mack-Cali Leases Over 184,000 Square Feet at Its Westchester Commercial Real Estate Properties in Third Quarter
12/03/2015 Category: Leasing and Development
Edison, New Jersey—December 3, 2015—Mack-Cali Realty Corporation (NYSE: CLI) today announced that it leased 184,023 square feet at its office and flex commercial real estate properties in Westchester County in New York during the third quarter. Portfolio-wide, Mack-Cali leased 955,570 square feet of space during the quarter.
Highlights of the third quarter include three transactions at our Cross Westchester Executive Park:
- Vivint Solar Developer LLC, a developer of renewable and solar technology, signed a new lease for 24,275 square feet at 3 Westchester Plaza in Elmsford, NY. The tenant was represented in the transaction by Edward Pidgeon of Coldwell Banker Commercial Island Corporate Services, LLC.
- Also at 3 Westchester Plaza, Fabrication Enterprises, Inc., a leading manufacturer, importer, and distributor of products for physical and occupational therapy, athletic training, and home care, signed a new lease for 12,550 square feet. With this lease, the tenant now leases a total of 93,944 square feet in the Park. Mack-Cali was represented in-house by Ivan Abry, assistant vice president of leasing.
- Publishers Circulation Fulfillment, Inc., a provider of distribution solutions to the print media industry, signed a lease renewal for 24,112 square feet at 300 Executive Boulevard in Elmsford, NY. The 60,000-square-foot flex building is 100% leased. Mack-Cali was represented in-house by Ivan Abry.
“Our results this quarter demonstrate that we continue to attract and retain tenants to our core flex portfolio in the Westchester region,” said Jeffrey Warner, vice president of leasing. “With abundant amenities and an ideal location near the region’s main highways, our Westchester properties suit the needs of a wide range of tenants.”
About Mack-Cali Realty Corporation
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 two-platform operations of waterfront and transit-based office and luxury multi-family. Mack-Cali owns or has interests in 275 properties, consisting of 147 office and 109 flex properties totaling approximately 29.9 million square feet and 19 multi-family rental properties containing approximately 5,700 residential units and a pipeline of 10,000 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.