CBRE Group, Inc. Named Exclusive Leasing Agent for Harborside on the Jersey City Waterfront

NEW YORK, July 21, 2014 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) and CBRE Group, Inc. announced today that CBRE has been selected as exclusive office and retail leasing agent for the developer's visionary transformation of Harborside, one of the most successful mixed-use office complexes in the tri-state area.

The CBRE team of Lee Cross, Suzanne Macnow, Gerry Miovski, David Opper, Mark Ravesloot, Arkady Smolyansky and Peter Turchin will represent Harborside's office component, while Jay Miller and Marta Villa will represent the retail space.

"CBRE is honored to represent Mack-Cali and Harborside in what is, without doubt, one of the most exciting evolutions of an already highly successful office, retail and residential complex into the next generation of a strategically planned and interconnected, 24/7 environment," said Mr. Turchin. "Harborside's urban, mass transit-oriented and amenity-rich location on the Hudson River will be a unique work and lifestyle destination for millennial business talent."

Mack-Cali plans to detail its vision for Harborside, including substantial renovations involving the re-design of interior common areas, outdoor public spaces, as well as retail, dining and entertainment options, at an event scheduled for September 17, 2014.

Mitchell E. Hersh, president and chief executive officer of Mack-Cali, said: "We plan to take further advantage of our spectacular Hudson River waterfront location by creating an improved public space, new state-of-the-art work spaces, modern urban living opportunities, a richer retail experience and unique dining options. The result will be an extremely desirable live-work-play environment sought by residents and various industries, including TAMI [tech, advertising, media and information] firms."

Mack-Cali has partnered with Ironstate Development Company, one of the largest privately held real estate development companies in the Northeast and a visionary tri-state residential developer, in creating contemporary, interactive living options for Harborside's evolving workforce. Designed by Dutch architecture firm Concrete, with HLW as architect of record, the planned 763-unit residential high-rise, the first in the three-tower rental development URL^® Harborside, will be ready for occupancy in mid-2016, enhancing the work and lifestyle evolution of Harborside.

About Mack-Cali Realty Corporation

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 279 properties, consisting of 266 office and office/flex properties totaling approximately 31.5 million square feet and 13 multi-family rental properties containing approximately 3,900 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 and the commercial real estate properties and multi-family residential communities available for lease can be found 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.

SOURCE Mack-Cali Realty Corporation