Mack-Cali Prices $250 Million Public Offering of 5-Year Senior Notes

     Mack-Cali Prices $250 Million Public Offering of 5-Year Senior Notes

PR Newswire

EDISON, N.J., Nov. 13, 2012

EDISON, N.J., Nov. 13, 2012 /PRNewswire/ --Mack-Cali Realty Corporation (the
"Company") (NYSE: CLI) today announced that its operating partnership,
Mack-Cali Realty, L.P. (the "Operating Partnership"), has agreed to sell $250
million of 2.500% senior unsecured notes due 2017 in an underwritten public
offering through BofA Merrill Lynch, Citigroup and J.P. Morgan as joint
book-running managers. BB&T Capital Markets, BNY Mellon Capital Markets, LLC,
Capital One Southcoast, Comerica Securities, Deutsche Bank Securities,
Mitsubishi UFJ Securities, PNC Capital Markets LLC, RBS, SunTrust Robinson
Humphrey, TD Securities, US Bancorp and Wells Fargo Securities acted as
co-managers. The notes were priced at 99.409% of the principal amount to yield
2.625% to maturity. The offering is expected to close on November20, 2012.

The proceeds from the offering after deducting underwriting discounts and
offering expenses will be approximately $246.3 million. The net proceeds from
the offering will be used for general corporate purposes and working capital,
which will include the repayment of substantially all outstanding borrowings
under the Operating Partnership's unsecured revolving credit facility and may
include purchasing or retiring of some of the Operating Partnership's
outstanding debt securities.

Upon issuance, the notes will be senior unsecured obligations of the Operating
Partnership and will rank equally in right of payment with other existing and
future senior unsecured indebtedness of the Operating Partnership. The
offering is being made only by means of an issuer free writing prospectus, a
prospectus and related prospectus supplement, copies of which may be obtained
from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York, telephone: (800) 831-9146; Merrill Lynch, Pierce, Fenner &
Smith Incorporated, 4 World Financial Center, New York, NY 10080, Attn:
Prospectus Department, telephone: (800) 294-1322 or by e-mail at
dg.prospectus_requests@baml.com or from J.P. Morgan Securities LLC, 383
Madison Avenue, New York, NY 10179, attention: Investment Grade Syndicate
Desk, or by telephone collect at 212-834-4355. An effective registration
statement and related prospectus is on file with the Securities and Exchange
Commission (SEC), and copies of the issuer free writing prospectus and the
prospectus supplement, together with the prospectus, also will be available on
the SEC's website at www.sec.gov. This news release does not constitute an
offer to sell or a solicitation of any offer to buy such securities nor shall
there be any sale of these securities in any state or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or other
jurisdiction.

About Mack-Cali:

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.

Additional Information:

Statements made in this press release may be forward-looking statements within
the meaning of Section27A of the Securities Act of 1933, as amended, and
Section21E 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 Form10-K, as may be
supplemented or amended by the Company's Quarterly Reports on Form10-Q. The
Company assumes no obligation to update or supplement forward-looking
statements that become untrue because of subsequent events, new information or
otherwise.

Contacts:  Barry Lefkowitz                   Ilene Jablonski 
            Executive Vice President         Vice President of Marketing 
             and Chief Financial Officer    Mack-Cali Realty Corporation 
            Mack-Cali Realty Corporation  (732) 590-1000 
            (732) 590-1000



SOURCE Mack-Cali Realty Corporation

Website: http://www.mack-cali.com