Law Firm Extends Lease at Mack-Cali's Short Hills Property

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EDISON, N.J., Oct. 19 /PRNewswire-FirstCall/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced Budd Larner, P.C. has signed a lease extension through October of 2024 for 54,931 square feet at Mack-Cali Short Hills, 150 John F. Kennedy Parkway in Short Hills, New Jersey. The 247,476-square-foot class A office building remains 100 percent leased.

Budd Larner, P.C., one of New Jersey's most prestigious law firms providing a full range of legal services to a diverse group of clients, both domestic and foreign, has been a tenant in the building since 1988.

Mitchell E. Hersh, president and chief executive officer of Mack-Cali, commented, "We're delighted that this long-time prestigious tenant has extended its occupancy at this premier property."

Budd Larner was represented by Roger Cantor and Eric Ladden of Cornerstone Real Estate Group. Mack-Cali was represented in-house by Diane Chayes, vice president of leasing.

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 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

SOURCE Mack-Cali Realty Corporation

Released October 19, 2009