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Regus And Mack-Cali Realty Corporation Bolster Partnership

Date : 10/11/2012 @ 12:33AM
Source : PR Newswire (US)
Stock : Mack Cali Realty Corp (CLI)
Quote : 18.51  0.0 (0.00%) @ 11:47AM
Mack Cali share price Chart

Regus And Mack-Cali Realty Corporation Bolster Partnership

Mack Cali (NYSE:CLI)
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EDISON, N.J., Oct. 10, 2012 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced that Regus, the world's largest provider of flexible workplaces, has signed eight new leases totaling 110,242 square feet with Mack-Cali for office space in the Northeast, bringing the company's total leased space to approximately 375,000 square feet.

The transactions include:

  • 233 Mount Airy Road, Basking Ridge, NJ, 16,332 square feet
  • 30 Knightsbridge Road, Piscataway, NJ, 15,512 square feet
  • 999 Riverview Drive, Mack-Cali Commercenter, Totowa, NJ, 13,503 square feet
  • 7 Skyline Drive, Mid-Westchester Executive Park, Hawthorne, NY, 14,811 square feet
  • 5 Sentry Park West, Blue Bell, PA, 14,112 square feet
  • 400 Rella Boulevard, Suffern, NY, 13,805 square feet
  • Mack-Cali Woodbridge, 581 Main Street, Woodbridge, NJ, 12,370 square feet
  • 20 Commerce Drive, Cranford Business Park, Cranford, NJ, 9,797 square feet

Regus was represented in all of the transactions by Carolyn Sica of CB Richard Ellis.

Mitchell E. Hersh, president and chief executive officer of Mack-Cali, commented, "We're delighted that we have forged a strategic relationship with Regus over the last 11 years which has now resulted in Regus leasing offices in 21 locations totaling approximately 375,000 square feet. We value this relationship and consider Regus an asset to our company." 

"It is because of our long-standing alliance with Mack-Cali Realty Corporation that we have been able to have a presence for our customers at some of the most premier addresses along the east coast," said Michael Berretta, vice president, business development, Regus. "The prime locations of the Mack-Cali properties present us with an excellent opportunity to heighten awareness of the long-term benefits of flexible workspace to a wide variety of companies."

Regus has proven to be an incubator for Mack-Cali's properties. As Regus' customers grow and look to expand, they often become tenants in the buildings where Regus help them get their start.

"They are a great business partner that I can rely to provide great service to Regus and the clients we bring with us to their sites," added Berretta.

About Regus

Regus is the world's largest provider of flexible workplaces, with products and services ranging from fully equipped offices to professional meeting rooms, business lounges and the world's largest network of video communication studios. Regus enables people to work their way, whether it's from home, on the road or from an office. Customers such as Google, GlaxoSmithKline, and Nokia join hundreds of thousands of growing small and medium businesses that benefit from outsourcing their office and workplace needs to Regus, allowing them to focus on their core activities.

Over a million customers a day benefit from Regus facilities spread across a global footprint of 1,200 locations in 550 cities and 95 countries, which allow individuals and companies to work wherever, however and whenever they want to. Regus was founded in Brussels, Belgium in 1989, is headquartered in Luxembourg and listed on the London Stock Exchange.

For more information, visit www.regus.com.

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 276 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 32.2 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of over 2,000 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," "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.

Contacts:

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

Copyright 2012 PR Newswire



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