Mack-Cali Realty Corporation (NYSE: CLI) today announced that it signed
new leases totaling 104,213 square feet at two of its properties.
Herzfeld & Rubin, P.C., a full-service global law firm specializing in
all phases of litigation, is relocating its corporate headquarters to
125 Broad Street in Downtown Manhattan. The firm signed a
56,322-square-foot lease with a 20-year term.
Mack-Cali owns condominium interests totaling 524,476 square feet, or
39.6 percent, of the class A office tower. Mack-Cali’s ownership
interests in the building are 100 percent leased. The tenant was
represented by Marc R. Shapses, Joseph J. Messina, and Jason
Schwartzenberg of Studley.
In addition, Mack-Cali signed a new 12-year lease for a full floor
consisting of 47,891 square feet at One Sylvan Way, Mack-Cali Business
Campus in Parsippany, NJ, with Global Aerospace, Inc., to serve as the
U.S. headquarters for the world’s leading aerospace insurer. The tenant
was represented by Kenneth Flynn, Jr. of Jones Lang LaSalle.
Global Aerospace is taking space just vacated by Wyndham Worldwide
Operations, which has moved its corporate headquarters to 22 Sylvan
Way—a recently completed 250,000-square-foot building that was developed
for the firm by Mack-Cali Realty Corporation and that is also located in
the Mack-Cali Business Campus.
Mitchell E. Hersh, Mack-Cali president and chief executive officer,
commented, “We are delighted to welcome two new world-class tenants to
our portfolio of premier properties. The location and amenities offered
by 125 Broad Street make it one of Downtown Manhattan’s most prestigious
business addresses. And the Mack-Cali Business Campus continues to
attract office tenants from many locations that desire first-class
facilities in an optimal suburban location.”
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 294 properties, primarily office and office/flex buildings located in
the Northeast, totaling approximately 33.8 million square feet. The
properties enable the Company to provide a full complement of real
estate opportunities to its diverse base of approximately 2,100 tenants.
Additional information on Mack-Cali Realty Corporation is available 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,” “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.
Mack-Cali Realty Corporation
Ilene Jablonski, 732-590-1000
Senior
Director, Marketing and Public Relations
or
Rubenstein
Associates
Rick Matthews, 212-843-8267
Executive Vice President
