Mack-Cali Business Campus in Parsippany Wins 2015 Building Owners and Managers Association (BOMA) Award
Mack-Cali Property Wins Building of the Year in Suburban Low Rise Category; Will Introduce New Amenities to Augment Current Offerings
Edison, New Jersey—November 23, 2015—Mack-Cali Realty Corporation (NYSE: CLI) today announced that Mack-Cali Business Campus in Parsippany, New Jersey, was honored with the 2015 Building Owners and Managers Association (BOMA) NJ Outstanding Building of the Year Award in the suburban low rise category. This award recognizes the property management team’s excellence in building management, operational efficiency, tenant retention, emergency planning, and community impact.
On the heels of this prestigious honor, and as part of the company’s recently announced strategic plan, Mack-Cali is enhancing offerings at the Campus. The plan is focused on the concept of creating an ideal environment where employees want to work.
“Mack-Cali Business Campus in Parsippany is an excellent example of how we are putting our strategic plan into effect to strengthen our core assets, including creating a luxury experience in our key suburban properties,” said Michael DeMarco, president of Mack-Cali. “This award is well-deserved recognition for the outstanding office environment we’ve created and are continuing to improve – including first class amenities, beautiful surroundings, and easy access to transit options.”
Mack-Cali Business Campus offers tenants an exceptional environment on a beautiful 600-acre site in Morris County – home to numerous Fortune 500 companies. The campus encompasses 14 class A office properties totaling approximately two million square feet. The campus offers a long list of amenities, including hotels; restaurants, banking, and a child care center, as well as nearby shopping, restaurants, and business services, in addition to complimentary shuttle service to the Morris Plains train station.
Among the improvements that the award-winning property is slated to undergo are the introduction of new amenities:
- Interconnected pathways/walking jogging trails
- Enhanced dining options, including new on-campus restaurant pad sites
- A Wegmans supermarket, scheduled to open in 2017
- The introduction of a “food truck park” in the center of the Campus
- Improved outdoor community spaces
- New and expanded fitness centers
- New and expanded conference facilities
- Renovated building lobbies
- New signage and branding
“The future is incredibly bright for the Mack-Cali Business Campus as we build on the already impressive array of offerings and incredible momentum at the Campus by expanding our amenity package to serve even more of our tenants needs,” said Christopher DeLorenzo, executive vice president of leasing. “We also have a tremendously dedicated and hardworking property management team – as evidenced by this award – that is committed to providing tenants with the top-notch service they require.”
Consistent with Mack-Cali’s recently announced strategic plan to focus on properties that offer tenants superior transportation options, the campus is located directly off I-287 and near a vast network of major highways connecting it to Manhattan, which is only 45 minutes away.
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 two-platform operations of waterfront and transit-based office and luxury multi-family. Mack-Cali owns or has interests in 275 properties, consisting of 147 office and 109 flex properties totaling approximately 29.9 million square feet and 19 multi-family rental properties containing approximately 5,700 residential units and a pipeline of 10,000 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.