Mack-Cali’s Harborside Plaza 5 Earns WiredScore Platinum Certification
Highest-Level Certification Guarantees Best-in-Class Connectivity at Waterfront Office Tower
Edison, New Jersey—October 26, 2015—Mack-Cali Realty Corporation (NYSE: CLI) today announced that Harborside Plaza 5, a class A office tower on the Jersey City Waterfront, earned Platinum-level Wired Certification from WiredScore. The criteria used to award the property with this honor include achieving exceptional ratings for choice, redundancy, resilience, flexibility, and infrastructure. Harborside Plaza 5 joins two other Mack-Cali properties in Jersey City – Harborside Plaza 2 and 101 Hudson Street – with this distinction.
“In today’s business environment, tenants, especially in the TAMI (Technology, Advertising, Media, and Information) sector, need to know that they will have access to the best Internet providers who offer the fastest connection speeds,” said Christopher DeLorenzo, executive vice president of leasing, Mack-Cali. “This distinction validates our commitment to providing state-of-the-art technology that meets the needs of a changing tenant base and provides protection against outages and business disruption.”
Platinum-level Wired Certification guarantees the maximum level of choice of Internet service providers, the quality and speed of connections, and access to provider cabling in the building. The final factor measured was the building’s readiness to accept new technologies. Wired Certification is an official set of standards developed and approved by a New York City-appointed advisory board and is now used to assess commercial buildings around the country.
Harborside Plaza 5 is part of Mack-Cali’s signature Jersey City Waterfront complex that comprises office, multi-family residential, restaurants, and retail space. The 977,225-square-foot property boasts unparalleled Manhattan skyline views coupled with convenient access to regional transportation options, including the PATH train, Hudson-Bergen Light Rail, and ferry service. As part of Mack-Cali’s three-year strategic plan, the entire Harborside complex will undergo a $25 million repositioning—adding new retail, fitness centers, and food concepts, including restaurants and bars. The reimagined Harborside will also include incubator and communal workspace, and capitalize on its state-of-the-art technology infrastructure.
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 274 properties, consisting of 146 office and 109 flex properties totaling approximately 29.7 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.