Mack-Cali Announces Additional Executive Promotions
For Immediate ReleaseMack-Cali Announces Additional Executive Promotions
Edison, New Jersey—June 17, 2013—Mitchell E. Hersh, president and chief executive officer of Mack-Cali Realty Corporation (NYSE: CLI), today announced that the Company has promoted the following employees:
Janice H. Torchinsky, first vice president of human resources, is responsible for all human resource functions for both Mack-Cali and its subsidiary Roseland. Employed with Mack-Cali since 2006, Torchinsky served as vice president. Previously she was a senior director of human resources for Liz Claiborne, Inc.
Jack Tycher, vice president of acquisitions at Roseland, is responsible for the Company’s multi-family property acquisition program. Employed by Roseland since 2009, Tycher was previously a senior financial analyst. Prior to that he served as an assistant project manager for Hines and construction superintendent for K. Hovnanian.
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 274 properties, consisting of 265 office and office/flex properties totaling approximately 30.7 million square feet and nine multi-family rental properties containing over 3,300 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 available for lease can be found on the Company’s website at www.mack‑cali.com.
Roseland is a premier real estate development and management company with a highly acclaimed reputation for creating exceptional mixed-use communities in some of the most desirable settings across the Northeast. The Company and its executive team have developed more than 40,000 high-end residential units since 1992, many of which are located in key urban centers near mass transportation hubs. Roseland has substantial experience in waterfront and brownfields redevelopment and has earned distinction for its unique expertise in creating developments that complement and enhance the beauty, financial stability and dynamism of their existing communities. Roseland's reputation for excellence and uncompromising quality has led to a number of designations as developer or co-developer for projects with national significance such as Port Imperial, a $2 billion, 200-acre mixed-use community in New Jersey featuring 6,000 residential units, 2.1 million square feet of commercial space, and an intermodal ferry terminal rising along the Hudson River facing midtown Manhattan; The Highlands at Morristown Station, NJ TRANSIT's first Transit Village project which, along with Roseland’s 40 Park and Vail Mansion developments, have spearheaded the revitalization of downtown Morristown; and Pier One in Boston, where Roseland is redeveloping one-half mile of Boston Harbor into a luxury residential community.
Recently acquired by Mack-Cali Realty Corporation (NYSE: CLI), Roseland now benefits from Mack-Cali’s strong financial strength and stability, along with its unsurpassed expertise in the commercial office sector.
Additional information on Roseland is available on the Company’s website at www.roselandproperty.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.
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Mack-Cali Realty Corporation