Mack-Cali Announces New Lease with PBA of the City of New York
01 Décembre 2009 - 8:02PM
PR Newswire (US)
EDISON, N.J., Dec. 1 /PRNewswire-FirstCall/ -- Mack-Cali Realty
Corporation (NYSE:CLI) today announced that the Patrolmen's
Benevolent Association (PBA) of the City of New York has signed a
new 15-year lease for 39,069 square feet at 125 Broad Street in
Downtown Manhattan. The largest union representing uniformed
members of the NYPD will house its executive offices at this class
A office building. The PBA was represented by Mark Friedman and
Annie Yao of FirstService Williams, with legal representation
provided by Christine McGuiness of Schiff Hardin LLP. Mack-Cali was
represented by Mark Ravesloot, Scott Sloves, and Lisa Cear of CB
Richard Ellis. Mack-Cali's ownership interests of 524,476 square
feet in the building are 100 percent leased. Mitchell E. Hersh,
Mack-Cali president and chief executive officer, commented, "We are
proud to welcome the PBA to our portfolio of premier properties.
The location and amenities offered by 125 Broad Street make it 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 289 properties, primarily office
and office/flex buildings located in the Northeast, totaling
approximately 33.2 million square feet. The properties enable the
Company to provide a full complement of real estate opportunities
to its diverse base of approximately 2,100 tenants. Additional
information on Mack-Cali Realty Corporation is available on the
Company's website at http://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," "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: Ilene Jablonski Rick Matthews Senior Director, Marketing
and Executive Vice President Public Relations Rubenstein Associates
(732) 590-1000 (212) 843-8267 DATASOURCE: Mack-Cali Realty
Corporation CONTACT: Ilene Jablonski, Senior Director, Marketing
and Public Relations, +1-732-590-1000; or Rick Matthews, Executive
Vice President, Rubenstein Associates, +1-212-843-8267 Web Site:
http://www.mack-cali.com/
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