Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,512.38 -3.89 -0.03%
TOPIX 1,171.40 -1.97 -0.17%
HANG SENG 22,760.24 64.23 0.28%

Mack-Cali Realty Corporation Announces Third Quarter Results



         Mack-Cali Realty Corporation Announces Third Quarter Results

PR Newswire

EDISON, N.J., Oct. 24, 2013

EDISON, N.J., Oct. 24, 2013 /PRNewswire/ -- Mack-Cali Realty Corporation
(NYSE: CLI) today reported its results for the third quarter 2013.

Recent highlights include:

  o Reported funds from operations of $0.57 per diluted share;
  o Reported net income of $0.05 per diluted share;
  o Refinanced and extended unsecured revolving credit facility with a group
    of 17 lenders;
  o Commenced operations on an 850 parking space, 16,736 square-foot,
    parking/retail property located in Weehawken, New Jersey,
  o Completed sale of 15 office properties, aggregating 1.7 million square
    feet, in suburban Philadelphia for approximately $233 million; and
  o Sold an office property located in Bernards Township, New Jersey for $18.0
    million.

FINANCIAL HIGHLIGHTS

Funds from operations (FFO) for the quarter ended September 30, 2013 amounted
to $57.1 million, or $0.57 per share. For the nine months ended September 30,
2013, FFO equaled $185.3 million, or $1.86 per share.

Net income available to common shareholders for the third quarter 2013 equaled
$4.6 million, or $0.05 per share. For the nine months ended September 30,
2013, net income available to common shareholders amounted to $39.3 million,
or $0.45 per share.

Total revenues for the third quarter 2013 were $162.5 million. For the nine
months ended September 30, 2013, total revenues amounted to $501.8 million.

For the three and nine months ended September 30, 2013, the Company recorded
impairment charges of $48.5 million on nine of its office properties located
in New Jersey. For the three and nine months ended September 30, 2013, the
Company realized gains on disposition of rental property of $47.3 million and
$61.1 million (net of zero and $23.8 million of impairments on discontinued
operations), respectively.

All per share amounts presented above are on a diluted basis.

The Company had 88,021,807 shares of common stock, and 11,987,175 common
operating partnership units outstanding as of September 30, 2013. The Company
had a total of 100,008,982 common shares/common units outstanding at September
30, 2013.

As of September 30, 2013, the Company had total indebtedness of approximately
$2.4 billion, with a weighted average annual interest rate of 5.62 percent.

The Company had a debt-to-undepreciated assets ratio of 39.5 percent at
September 30, 2013. The Company had an interest coverage ratio of 2.9 times
for the quarter ended September 30, 2013.

Mitchell E. Hersh, president and chief executive officer, commented, "During
the quarter we formed a strategic joint venture partnership allowing us to
monetize a non-core office portfolio, yet retain upside interests in the
properties, as well as have an opportunity to develop additional luxury
multi-family properties in that market."

COMMENCING INITIAL OPERATIONS

On August 1, 2013, the Company commenced initial operations on a
parking/retail property located in Weehawken, New Jersey. The property
consists of 850 garage parking spaces and 16,736 square feet of retail space.

SALES

In August, the Company completed the sale of its 1.66 million square foot
Pennsylvania office portfolio and three developable land parcels for
approximately $233 million: $201 million in cash, a $10 million mortgage on
one of the properties ($8 million of which was funded at closing) and
subordinated equity interests in each of the properties being sold with
capital accounts aggregating $22 million. The purchasers of the Pennsylvania
office portfolio are joint ventures formed between the Company and affiliates
of the Keystone Property Group (the "Keystone Affiliates"). The mortgage loan
has a term of two years with a one year extension option and bears interest at
LIBOR plus six percent. The Company's equity interests in the joint ventures
will be subordinated to Keystone Affiliates receiving a 15 percent internal
rate of return ("IRR") after which the Company will receive a ten percent IRR
on its subordinated equity and then all profit will be split equally.

As part of the transaction, the Company has rights to own, after
zoning-approval-subdivision, land at the 150 Monument Road property located in
Bala Cynwyd, Pennsylvania, for a contemplated multi-family residential
development.

In July, the Company sold Liberty Corner Corporate Center, 106 Allen Road in
Bernards Township, New Jersey, for approximately $18.0 million. The
four-story, 132,010 square-foot building was sold to The Silverman Group.

FINANCING ACTIVITY

In July, the Company amended and restated its unsecured revolving credit
facility with a group of 17 lenders. The $600 million facility is expandable
to $1 billion and matures in July 2017. It has two six month extension options
each requiring the payment of a 7.5 basis point fee. The interest rate on
outstanding borrowings (not electing the Company's competitive bid feature)
and the facility fee on the current borrowing capacity payable quarterly in
arrears are based upon the operating partnership's unsecured debt ratings.

LEASING INFORMATION

Mack-Cali's consolidated in-service portfolio was 86.1 percent leased at
September 30, 2013, as compared to 86.2 percent leased at June 30, 2013.

For the quarter ended September 30, 2013, the Company executed 131 leases at
its consolidated in-service portfolio totaling 980,600 square feet, consisting
of 783,218 square feet of office space, 191,387 square feet of office/flex
space and 5,995 square feet of industrial/warehouse space. Of these totals,
265,455 square feet were for new leases and 715,145 square feet were for lease
renewals and other tenant retention transactions.

Highlights of the quarter's leasing transactions include:

NORTHERN NEW JERSEY:

  o Cervalis LLC, a provider of IT infrastructure solutions, signed a new
    lease for 28,130 square feet at 29 Commerce Way in Totowa. The 48,930
    square-foot, office/flex building, located in Mack-Cali Commercenter, is
    77.9 percent leased.
  o United Water Management & Services, Inc., a provider of water and
    wastewater services to approximately 5.5 million people in the United
    States, signed a new lease for 24,900 square feet at Mack-Cali Centre II,
    650 From Road in Paramus. The 348,510 square-foot office building is 81.5
    percent leased.
  o S2, Inc. d/b/a Sigma Group, a fully integrated advertising agency, signed
    a new lease for 23,573 square feet at 10 Mountainview Road in Upper Saddle
    River. The 192,000 square-foot office building is 85.3 percent leased.

CENTRAL NEW JERSEY:

  o AT&T Corp. signed a renewal for 275,000 square feet at 30 Knightsbridge
    Road in Piscataway. The four-building office complex totaling 680,350
    square feet is 92.7 percent leased.
  o DSV Air & Sea, Inc., a global supplier of transport and logistics
    solutions, signed a renewal for 37,798 square feet at 100 Walnut Avenue in
    Clark. The 182,555 square-foot office building is 100 percent leased.
  o New Jersey Property-Liability Insurance Guaranty Association (NJPLIGA), a
    provider of statutory benefits to insureds and claimants of insolvent
    property casualty insurance companies, signed a new lease for 28,234
    square feet at 233 Mount Airy Road in Basking Ridge. The 66,000
    square-foot office building is 67.5 percent leased.
  o New England Life Insurance Company, a provider of insurance and financial
    planning products and services, signed transactions totaling 21,564 square
    feet at 1305 Campus Parkway in Wall Township, consisting of a 15,984
    square-foot renewal and a 5,580 square-foot expansion. The 23,350
    square-foot office building, located in Monmouth Shores Corporate Park, is
    92.4 percent leased.
  o SS&C Technologies, Inc., a global provider of investment and financial
    software-enabled services and software, signed transactions totaling
    18,983 square feet, consisting of a 12,687 square-foot renewal and a 6,296
    square-foot expansion, at 11 Commerce Drive in Cranford. The 90,000
    square-foot office building, located in Cranford Business Park, is 81.5
    percent leased.

WESTCHESTER COUNTY, NEW YORK:

  o Wright Brothers Services Inc., specializing in freight transportation,
    signed transactions totaling 18,845 square feet consisting of a 5,255
    square-foot renewal at 150 Clearbrook Road in Elmsford, a 6,865
    square-foot renewal at 200 Clearbrook Road in Elmsford, and a 6,725
    square-foot expansion at 1 Odell Plaza in Yonkers. Located in Cross
    Westchester Executive Park, 150 Clearbrook Road is a 74,900 square-foot
    office/flex building that is 100 percent leased and 200 Clearbrook Road is
    a 94,000 square-foot office/flex building that is 99.8 percent leased.
    Located in South Westchester Executive Park, 1 Odell Plaza is a 106,000
    square-foot office/flex building that is 97.2 percent leased.
  o JPMorgan Chase Bank National Association, a global financial services
    firm, signed a renewal for 15,880 square feet at 11 Martine Avenue in
    White Plains. The 180,000 square-foot office building, located in
    Westchester Financial Center, is 77.7 percent leased.

Included in the Company's Supplemental Operating and Financial Data for the
third quarter 2013 are schedules highlighting the leasing statistics for both
the Company's consolidated and joint venture properties.

The supplemental information is available on Mack-Cali's website, as follows:
http://www.mack-cali.com/file-uploads/3rd.quarter.sp.13.pdf

ADDITIONAL INFORMATION

The Company expressed comfort with net income and FFO per diluted share for
the full year 2013 as follows:

 

                                                                 Full Year
                                                                 2013 Range
Net income available to common shareholders                      $0.47 - $0.51
Add: Real estate-related depreciation and amortization           2.00
Deduct: Impairments/Discontinued operations - Realized (gains)
losses and unrealized losses on disposition of rental property,  (0.12)
net
Funds from operations                                            $2.35 - $2.39

 

These estimates reflect management's view of current market conditions and
certain assumptions with regard to rental rates, occupancy levels and other
assumptions/projections. Actual results could differ from these estimates.

An earnings conference call with management is scheduled for today, October
24, 2013 at 10:00 a.m. Eastern Time, which will be broadcast live via the
Internet at:
http://phoenix.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=96021&eventID=5034675

The live conference call is also accessible by calling (719) 325-2455 and
requesting the Mack-Cali conference call.

The conference call will be rebroadcast on Mack-Cali's website at
http://www.mack-cali.com beginning at 2:00 p.m. Eastern Time on October 24,
2013  through October 31, 2013.

A replay of the call will also be accessible during the same time period by
calling (719) 457-0820 and using the pass code 7961170.

Copies of Mack-Cali's Form 10-Q and Supplemental Operating and Financial Data
are available on Mack‑Cali's website, as follows:

Third Quarter 2013 Form 10-Q:
http://www.mack-cali.com/file-uploads/3rd.quarter.10q.13.pdf

Third Quarter 2013 Supplemental Operating and Financial Data:
http://www.mack-cali.com/file-uploads/3rd.quarter.sp.13.pdf

In addition, these items are available upon request from:
Mack-Cali Investor Relations Department
343 Thornall Street, Edison, New Jersey 08837-2206
(732) 590-1000 ext. 1143

INFORMATION ABOUT FFO

Funds from operations ("FFO") is defined as net income (loss) before
noncontrolling interest of unitholders, computed in accordance with generally
accepted accounting principles ("GAAP"), excluding gains (or losses) from
extraordinary items, sales of depreciable rental property, and impairments
related to depreciable rental property, plus real estate-related depreciation
and amortization. The Company believes that FFO per share is helpful to
investors as one of several measures of the performance of an equity REIT. The
Company further believes that as FFO per share excludes the effect of
depreciation, gains (or losses) from sales of properties and impairments
related to depreciable rental property (all of which are based on historical
costs which may be of limited relevance in evaluating current performance),
FFO per share can facilitate comparison of operating performance between
equity REITs.

FFO per share should not be considered as an alternative to net income
available to common shareholders per share as an indication of the Company's
performance or to cash flows as a measure of liquidity.  FFO per share
presented herein is not necessarily comparable to FFO per share presented by
other real estate companies due to the fact that not all real estate companies
use the same definition. However, the Company's FFO per share is comparable to
the FFO per share of real estate companies that use the current definition of
the National Association of Real Estate Investment Trusts ("NAREIT"). A
reconciliation of net income per share to FFO per share is included in the
financial tables accompanying this press release.

ABOUT THE COMPANY

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 275
properties consisting of 266 office and office/flex properties totaling
approximately 30.7 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.

The information in this press release must be read in conjunction with, and is
modified in its entirety by, the Quarterly Report on Form 10-Q (the "10-Q")
filed by the Company for the same period with the Securities and Exchange
Commission (the "SEC") and all of the Company's other public filings with the
SEC (the "Public Filings"). In particular, the financial information contained
herein is subject to and qualified by reference to the financial statements
contained in the 10-Q, the footnotes thereto and the limitations set forth
therein. Investors may not rely on the press release without reference to the
10-Q and the Public Filings.

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," "projected," "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
Consolidated Statements of Operations
(in thousands, except per share amounts) (unaudited)
                             Quarter Ended             Nine Months Ended
                             September 30,             September 30,
Revenues                     2013          2012        2013         2012
Base rents                   $   134,882   $ 132,388   $  403,943   $ 401,920
Escalations and recoveries   17,173        19,717      54,117       56,540
from tenants
Construction services        678           1,169       15,650       9,235
Real estate services         7,003         1,247       20,088       3,519
Parking income               1,642         1,427       4,631        4,553
Other income                 1,127         849         3,335        10,524
Total revenues               162,505       156,797     501,764      486,291
Expenses
Real estate taxes            20,572        20,472      62,055       64,587
Utilities                    18,043        16,647      48,070       44,645
Operating services           25,852        24,261      76,487       71,859
Direct construction costs    609           979         14,945       8,594
Real estate services         5,552         536         15,809       1,542
expenses
General and administrative   12,151        12,580      37,235       35,150
Depreciation and             46,094        43,492      135,122      130,720
amortization
Impairments                  48,700        --          48,700       --
Total expenses               177,573       118,967     438,423      357,097
Operating income             (15,068)      37,830      63,341       129,194
Other (Expense) Income
Interest expense             (30,936)      (30,428)    (92,075)     (92,539)
Interest and other           187           7           1,287        27
investment income
Equity in earnings (loss) of
unconsolidated joint         (229)         2,418       (2,059)      4,751
ventures
Loss from early              --            --          --           (4,415)
extinguishment of debt
Total other (expense) income (30,978)      (28,003)    (92,847)     (92,176)
Income (loss) from           (46,046)      9,827       (29,506)     37,018
continuing operations
Discontinued Operations:
Income from discontinued     2,164         6,337       11,842       17,446
operations
Loss from early              --            --          (703)        --
extinguishment of debt
Realized gains (losses) and
unrealized losses on
disposition of rental        47,321        12          61,079       2,390
property and impairments,
net
Total discontinued           49,485        6,349       72,218       19,836
operations, net
Net income                   3,439         16,176      42,712       56,854
Noncontrolling interest in   1,838         85          1,962        256
consolidated joint ventures
Noncontrolling interest in   5,314         (1,207)     3,295        (4,543)
Operating Partnership
Noncontrolling interest in   (5,948)       (773)       (8,699)      (2,418)
discontinued operations
Net income available to      $      4,643  $   14,281  $    39,270  $  50,149
common shareholders
PER SHARE DATA:
Basic earnings per common    $        0.05 $      0.16 $       0.45 $     0.57
share
Diluted earnings per common  $        0.05 $      0.16 $       0.45 $     0.57
share
Basic weighted average       87,793        87,826      87,724       87,814
shares outstanding
Diluted weighted average     99,787        100,075     99,778       100,071
shares outstanding

 

Mack-Cali Realty Corporation
Statements of Funds from Operations
(in thousands, except per share/unit amounts) (unaudited)
                             Quarter Ended           Nine Months Ended
                             September 30,           September 30,
                             2013        2012        2013         2012
Net income available to      $    4,643  $ 14,281    $  39,270    $     50,149
common shareholders
Add: Noncontrolling interest (5,314)     1,207       (3,295)      4,543
in Operating Partnership
Noncontrolling interest in   5,948       773         8,699        2,418
discontinued operations
Real estate-related
depreciation and             48,685      44,412      144,834      133,482
amortization on continuing
operations (1)
Real estate-related
depreciation and             1,769       4,351       8,196        13,364
amortization on discontinued
operations
Impairments                  48,700      --          72,551       --
Deduct: Discontinued
operations - Realized
(gains) losses and           (47,321)    (12)        (84,930)     (2,390)
unrealized losses on
disposition of rental
property, net
 
                             $  57,110   $ 65,012    $ 185,325    $   201,566
Funds from operations (2)
Diluted weighted average     99,787      100,075     99,778       100,071
shares/units outstanding (3)
Funds from operations per    $     0.57  $     0.65  $      1.86  $        
share/unit – diluted                                              2.01
Dividends declared per       $     0.30  $     0.45  $      1.05  $        
common share                                                      1.35
Dividend payout ratio:
Funds from                   52.42%      69.27%      56.53%       67.02%
operations-diluted
Supplemental Information:
Non-incremental revenue
generating capital
expenditures:
Building improvements        $    3,438  $   9,040   $  11,476    $     19,361
Tenant improvements and      $  11,421   $ 15,107    $  36,861    $     36,202
leasing commissions (4)
Straight-line rent           $      521  $   2,030   $  10,172    $      
adjustments (5)                                                   5,394
Amortization of                                                   $      
(above)/below market lease   $      659  $      355  $    1,994   1,038
intangibles, net (6)
(1) Includes the Company's share from unconsolidated joint ventures of $4,145
and $974 for the quarters ended September 30, 2013 and 2012, respectively, and
$11,417 and $2,963 for the nine months ended September 30, 2013 and 2012,
respectively. Excludes non-real estate-related depreciation and amortization
of $71 and $53 for the quarters ended September 30, 2013 and 2012,
respectively, and $222 and $201 for the nine months ended September 30, 2013
and 2012, respectively.
(2) Funds from operations is calculated in accordance with the definition of
FFO of the National Association of Real Estate Investment Trusts (NAREIT)
definition. For further discussion, see "Information About FFO" in this
release.
(3) Calculated based on weighted average common shares outstanding, assuming
redemption of Operating Partnership common units into common shares (11,995
and 12,177 shares for the quarters ended September 30, 2013 and 2012,
respectively, and 12,054 and 12,184 for the nine months ended September 30,
2013 and 2012,respectively), plus dilutive Common Stock Equivalents (i.e.
stock options).
(4) Excludes expenditures for tenant spaces that have not been owned for at
least a year or were vacant for more than a year.
(5) Includes the Company's share from unconsolidated joint ventures of $82 and
$17 for the quarters ended September 30, 2013 and 2012, respectively, and $84
and $50 for the nine months ended September 30, 2013 and 2012, respectively.
(6) Includes the Company's share from unconsolidated joint ventures of $184
and $0 for the three months ended September 30, 2013 and 2012, respectively,
and $579 and $0 for the nine months ended September 30, 2013 and 2012,
respectively.

 

Mack-Cali Realty Corporation
Statements of Funds from Operations per Diluted Share
(amounts are per diluted share, except share count in thousands) (unaudited)
                                Quarter Ended            Nine Months Ended
                                September 30,            September 30,
                                2013         2012        2013      2012
Net income available to common  $    0.05    $   0.16    $  0.45   $    0.57
shareholders
Add: Real estate-related
depreciation and amortization   0.49         0.44        1.45      1.33
on continuing operations (1)
Real estate-related
depreciation and amortization   0.02         0.04        0.08      0.13
on discontinued operations
Impairments                     0.49         --          0.73      --
Deduct: Discontinued operations
- Realized (gains) losses and
unrealized losses on            (0.47)       --          (0.85)    (0.02)
disposition of rental property,
net
Noncontrolling                  (0.01)       0.01        --        --
interest/rounding adjustment
 
                                $    0.57    $   0.65    $  1.86   $    2.01
Funds from operations (2)
Diluted weighted average        99,787       100,075     99,778    100,071
shares/units outstanding (3)
(1) Includes the Company's share from unconsolidated joint ventures of $0.04
and $0.01 for the quarters ended September 30, 2013 and 2012, respectively,
and $0.11 and $0.03 for the nine months ended September 30, 2013 and 2012,
respectively.
(2) Funds from operations is calculated in accordance with the definition of
FFO of the National Association of Real Estate Investment Trusts (NAREIT)
definition. For further discussion, see "Information About FFO" in this
release.
(3) Calculated based on weighted average common shares outstanding, assuming
redemption of Operating Partnership common units into common shares (11,995
and 12,177 shares for the quarters ended September 30, 2013 and 2012,
respectively, and 12,054 and 12,184 for the nine months ended September 30,
2013 and 2012,respectively), plus dilutive Common Stock Equivalents (i.e.
restricted stock awards).

 

Mack-Cali Realty Corporation
Consolidated Balance Sheets
(in thousands, except per share amounts) (unaudited)
                                                September 30,  December 31,
                                                2013           2012
Assets
Rental property
Land and leasehold interests                    $      755,643 $       782,315
Buildings and improvements                      3,908,139      4,104,472
Tenant improvements                             445,623        489,608
Furniture, fixtures and equipment               4,535          3,041
                                                5,113,940      5,379,436
Less - accumulated deprec. & amort.             (1,392,064)    (1,478,214)
                                                3,721,876      3,901,222
Rental property held for sale, net              --             60,863
Net investment in rental property               3,721,876      3,962,085
Cash and cash equivalents                       308,043        58,245
Investments in unconsolidated joint ventures    131,859        132,339
Unbilled rents receivable, net                  134,695        139,984
Deferred charges, goodwill and other assets     284,399        204,874
Restricted cash                                 19,213         19,339
Accounts receivable, net                        9,178          9,179
Total assets                                    $   4,609,263  $    4,526,045
Liabilities and Equity
Senior unsecured notes                          $   1,616,337  $    1,446,894
Mortgages, loans payable and other obligations  752,344        757,495
Dividends and distributions payable             30,003         44,855
Accounts payable, accrued expenses and other    130,588        124,822
liabilities
Rents received in advance and security deposits 45,857         55,917
Accrued interest payable                        23,472         27,555
Total liabilities                               2,598,601      2,457,538
Commitments and contingencies
Equity:
Mack-Cali Realty Corporation stockholders'
equity:
Common stock, $0.01 par value, 190,000,000
shares authorized,
 88,021,807 and 87,536,292 shares outstanding   880            875
Additional paid-in capital                      2,536,837      2,530,621
Dividends in excess of net earnings             (817,387)      (764,522)
Total Mack-Cali Realty Corporation              1,720,330      1,766,974
stockholders' equity
Noncontrolling interests in subsidiaries:
Operating Partnership                           234,282        245,091
Consolidated joint ventures                     56,050         56,442
Total noncontrolling interests in subsidiaries  290,332        301,533
Total equity                                    2,010,662      2,068,507
Total liabilities and equity                    $   4,609,263  $    4,526,045

 

Contact: 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
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement