SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Name of Issuer: MACK-CALI REALTY CORP ________________________________________________ Title of Class of Securities: Common Stock CUSIP Number: 554489104 1) NAME OF I.R.S. IDENTIFICATION NO. OF REPORTING PERSON The Prudential Insurance Company of America 22-1211670 2.) MEMBER OF A GROUP: (a) N/A (b) N/A 3) SEC USE ONLY: 4) PLACE OF ORGANIZATION: A mutual insurance company organized under the laws of the State of New Jersey NUMBER OF SHARES BENEFICIALLY OWNED BY REPORTING PERSON WITH: 5) Sole Voting Power: 306,291 See Exhibit A 6) Shared Voting Power 2,631,004 See Exhibit A 7) Sole Dispositive Power: 306,291 See Exhibit A 8) Shared Dispositive Power: 2,631,004 See Exhibit A 9) AGGREGATE AMOUNT BENEFICIALLY OWNED: 2,937,295 See Exhibit A 10) AGGREGATE AMOUNT IN ROW (9) EXCLUDES SHARES: Not Applicable 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 5.14 See Exhibit A 12) TYPE OF REPORTING PERSON: IC, IA ITEM 1(a). NAME OF ISSUER: MACK-CALI REALTY CORP ITEM 1(b). ADDRESS OF ISSUER'S EXECUTIVE OFFICES: MACK-CALI REALTY CORP 11 Commerce Drive Cranford, NJ 07016 ITEM 2(a). NAME OF PERSON FILING: The Prudential Insurance Company of America ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE: 751 Broad Street Newark, New Jersey 07102-3777 ITEM 2(c). CITIZENSHIP: A mutual insurance company organized under the laws of the State of New Jersey ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock ITEM 2(e). CUSIP NUMBER: 554489104 ITEM 3. The Person filing this statement is an Insurance Company as defined in Section 3(a) (19) of the Securities Exchange Act of 1934, and an Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940. ITEM 4. OWNERSHIP: (a) Number of Shares Beneficially Owned: 2,937,295 See Exhibit A (b) Percent of Class: 5.14 Number (c) Powers Of Shares - ------------------------------------- -------------------------- Sole power to vote or 306,291 See Exhibit A to direct the vote Shared power to vote or 2,631,004 See Exhibit A to direct the vote Sole power to dispose or 306,291 See Exhibit A to direct disposition Shared power to dispose 2,631,004 See Exhibit A or to direct disposition ITEM 5. OWNERSHIP OF 5% OR LESS OF A CLASS: Not Applicable ITEM 6. OWNERSHIP OF MORE THAN 5% ON BEHALF OF ANOTHER PERSON: See Exhibit A ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE ULTIMATE PARENT COMPANY: Not Applicable ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: Not Applicable ITEM 9. NOTICE OF DISSOLUTION OF GROUP: Not Applicable ITEM 10. CERTIFICATION: By signing below, the Prudential Insurance Company of America certifies that, to the best of its knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. The filing of this statement should not be construed as an admission that Prudential is, for purposes of Sections 13 or 16 of the Securities Exchange Act of 1934, the beneficial owner of such shares. SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, The Prudential Insurance Company of America certifies that the information set forth in this statement is true, complete and correct. THE PRUDENTIAL INSURANCE COMPANY OF AMERICA By: Ellen McGlynn Koke Second Vice President Date: 02/01/99 As of: 12/31/98 Exhibit A -------------- ITEM 6. OWNERSHIP: The Prudential Insurance Company of America ('Prudential') presently holds 300,091 shares of Issuer's common stock for the benefit of its general account. In addition, Prudential may have direct or indirect voting and/or investment discretion over 2,637,204 shares which are held for its own benefit or for the benefit of its clients by its separate accounts, externally managed accounts, registered investment companies, subsidiaries and/or other affiliates. Prudential is reporting the combined holdings of these entities for the purpose of administrative convenience. These shares were acquired in the ordinary course of business, and not with the purpose or effect of changing or influencing control of the Issuer. The filing of this statement should not be construed as an admission that Prudential is, for the purposes of Sections 13 or 16 of the Securities Exchange Act of 1934, the beneficial owner of these shares.