MACK-CALI SELLS MOORESTOWN, NEW JERSEY, OFFICE PROPERTIES

(The following is a reformatted version of a press release
issued by Mack-Cali Realty and received via e-mail. The release
was confirmed by the sender.) 
MACK-CALI SELLS MOORESTOWN, NEW JERSEY OFFICE PROPERTIES 
Edison, New Jersey--November 7, 2012--Mack-Cali Realty
Corporation (NYSE: CLI) today announced that it has sold
Moorestown Corporate Center on Strawbridge Drive in Moorestown,
New Jersey for approximately $19.9 million. The three buildings
total 222,258 square feet and are 61.4% leased. They were sold
to a fund sponsored by Keystone Property Group. 
Mack-Cali was represented in the transaction by Jerome Kranzel,
formerly of Jones Lang LaSalle, and Douglas Rodio of Jones Lang
LaSalle. 
Mitchell E. Hersh, president and chief executive officer of
Mack-Cali, commented, “The sale of these buildings continues our
plan of recycling our capital out of non-core assets.” 
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 278 properties
consisting of 272 office and office/flex properties totaling
approximately 31.7 million square feet and six multi-family
rental properties containing over 1,700 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 is
available on the Company’s website at www.mack-cali.com. 
(sgp) NY 
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