Mack-Cali Announces Fourth Quarter Leasing Activity At 125 Broad Street In
EDISON, N.J., Feb. 12, 2013
EDISON, N.J., Feb. 12, 2013 /PRNewswire/ --Mack-Cali Realty Corporation
(NYSE: CLI) today announced that it leased 133,008 square feet during the
fourth quarter at 125 Broad Street in Downtown Manhattan, New York.
Portfolio-wide, Mack-Cali leased 1,147,218 square feet of space during the
The transactions include:
oAECOM Technology Corporation, a global technical and support services
firm, signed a new lease for 91,414 square feet. The tenant was
represented in the transaction by Adam Foster, Fred Facklemeyer, and
Michael T. Scimo, all of CBRE. AECOM is an existing Mack-Cali tenant at
its 30 Knightsbridge Road in Piscataway, New Jersey, where it also renewed
its lease for 59,652 square feet as well as expanding by 11,280 square
oInstitute for Community Living, Inc., a not-for-profit corporation that
assists individuals with disabilities, signed a new lease for 41,594
square feet. The tenant was represented by Janet Woods and Ellen Herman,
both of Jones Lang LaSalle.
Mack-Cali was represented in both transactions by CBRE.
125 Broad Street offers class A, state-of-the-art office space in Downtown
Manhattan. In addition to efficiency and flexibility, the building features an
impressive lobby, enviable New York Harbor views from all floors, and an
extraordinary corporate address. Situated at the entrance to FDR Drive, this
prime office space provides easy access to the Hugh L. Carey (formerly
Brooklyn Battery) Tunnel, the Brooklyn Bridge, and the Holland Tunnel. In
addition, the tower's location offers access to numerous transportation
options, including subway, bus, ferry, and helicopter.
Mack-Cali's ownership interests of 524,476 square feet in the building are 100
Mitchell E. Hersh, president and chief executive officer, commented, "We're
delighted to bring this premier property to full occupancy. The location and
amenities combine to make 125 Broad Street one of Downtown Manhattan's most
prestigious business addresses."
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 271 office and office/flex properties totaling
approximately 31.6 million square feet and seven multi-family rental
properties containing over 2,000 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
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," "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.
Contacts: Barry Lefkowitz Ilene Jablonski
Mack-Cali Realty Corporation Mack-Cali Realty Corporation
Executive Vice President Vice President of Marketing
and Chief Financial Officer (732) 590-1000
SOURCE Mack-Cali Realty Corporation
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