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Mack-Cali Sells Bergen County, New Jersey Property



              Mack-Cali Sells Bergen County, New Jersey Property

PR Newswire

EDISON, N.J., May 2, 2013

EDISON, N.J., May 2, 2013 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:
CLI) today announced that it has sold its Mack-Cali Airport property located
in Little Ferry, New Jersey, for approximately $32.3 million. The sold
building is a fully leased, two-story, 286,628-square-foot commercial
property.

Mitchell E. Hersh, president and chief executive officer of Mack-Cali,
commented, "The sale of this property continues our strategy of recycling our
capital out of non-core assets to fuel our diversification into multi-family."

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 277
properties, consisting of 268 office and office/flex properties totaling
approximately 30.9 million square feet and nine multi-family rental properties
containing over 3,300 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.

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
          (732) 590-1000

 

SOURCE Mack-Cali Realty Corporation

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