Mack-Cali Announces Lease with 24 Hour Fitness in Hanover, NJ

05/22/2017 Category: Leasing and Development

Jersey City, New Jersey—May 22, 2017—Mack-Cali Realty Corporation (NYSE: CLI) today announced it has signed a lease with 24 Hour Fitness at the Company’s shopping center at the intersection of Sylvan Way and Ridgedale Avenue in Hanover, New Jersey. 24 Hour Fitness will join anchor tenant Wegmans and will occupy approximately 40,000 square feet.

Headquartered in San Ramon, Calif., 24 Hour Fitness is a leading fitness industry pioneer with nearly four million members in more than 400 clubs across the U.S.  The new club will feature personal training services, popular group exercise classes, and a variety of strength, cardio, and functional training equipment.

Wegmans is currently under construction and is scheduled to open their 134,000-square-foot supermarket on July 23 of this year. 

“Mack-Cali is thrilled about bringing 24 Hour Fitness to the Parsippany/Hanover area. 24 Hour Fitness will join Wegmans as key amenities not only for our office tenants and residents in the area but also the entire community. Adding amenities like 24 Hour Fitness and Wegmans are at the core of Mack-Cali’s commitment to its tenants and the markets in which we are a part of,” said Michael J. DeMarco, Mack-Cali Chief Executive Officer.

Mark Needle of Triumph Realty Group represented Mack-Cali in the 24 Hour Fitness transaction, as well as, the Wegmans deal.  Pierson Commercial represented 24 Hour Fitness.

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, and other tenant-related services for its two-platform operations of waterfront and transit-based office and luxury multi-family assets. Mack-Cali provides its tenants and residents with the most innovative communities that empower them to re-imagine the way they work and live.

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 http://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,” “projected,” “should,” “expect,” “anticipate,” “estimate,” “target,” “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 Report 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, except as required under applicable law.