Mack-Cali’s Jersey City Waterfront Properties Achieve Platinum Certification from WiredScore
05/14/2015 Category: Miscellaneous
Edison, New Jersey—May 14, 2015—Mack-Cali Realty Corporation (NYSE: CLI) today announced that its class A office properties at Harborside Plaza 2 and 101 Hudson Street on the Jersey City Waterfront have achieved best-in-class Platinum-level Wired Certification by WiredScore for their technological superiority. These properties mark the first Wired Certified buildings in Jersey City and two of the three Platinum-level Certified buildings in New Jersey.
Harborside Plaza 2 is a 761,200-square-foot office property and 101 Hudson Street, located just around the corner, is an over 1.2 million-square-foot office property. These are prime examples of the superior connectivity featured in all of the buildings that comprise the 4.3 million-square-foot Harborside. Mack-Cali’s Waterfront properties offer inspirational working places and aspirational living spaces, all in an interconnected 24/7, office, retail, and residential environment on the Hudson River Waterfront. Currently undergoing an over $15 million renovation project to the properties’ indoor and outdoor common areas, Harborside offers businesses six state-of-the-art office buildings featuring contemporary design, easy access to retail and dining options, and the most spectacular views of the Manhattan skyline and Statue of Liberty.
The certification was granted based on choice, infrastructure, redundancy, resiliency, and flexibility of broadband offerings. Wired Certification is an official set of standards developed and approved by a New York City-appointed Advisory Board for assessing internet services in commercial buildings.
The Platinum-level Wired Certification guarantees the maximum level of choice when selecting an Internet service provider, full distribution of fiber connectivity throughout the building, best-in-class infrastructure to ensure protection against service interruptions, and administrative best practices to streamline tenants’ ability to get connected.
Mitchell E. Hersh, president and chief executive officer, commented, “These impressive certifications validate our commitment to bringing tenants technologically advanced buildings with a myriad of telecommunications services and choices. It continues to play a large part in our ongoing strategic initiative to provide our office tenants with an unparalleled office experience.”
“Certainly this distinction gives these properties unique appeal for businesses looking for smart office space,” said Peter Turchin, vice chairman, CBRE Group, Inc., the exclusive leasing agent for Harborside. “Even the most sophisticated of tenants can rest assured that these buildings meet the connectivity needs of the growing Technology, Advertising, Media, and Information communities.”
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.