News: Brokerage

Abry of Mack-Cali Realty arranges 28,000 s/f lease renewal in Elmsford

According to Mack-Cali Realty Corp., Westinghouse Air Brake Technologies Corp. has signed a five-year lease renewal for 28,000 s/f at 4 Warehouse Ln. Westinghouse is a global provider of value-added, technology-based products and services for the rail industry. 4 Warehouse Ln., located in the Elmsford Distribution Center, is a 195,500 s/f industrial/warehouse building. The building is 96.7% leased. The center is a six-building, 387,400 s/f park located on Rte. 9A. Jeffrey Warner, Mack-Cali VP of leasing, said, "This renewal reflects the continued success of Mack-Cali's strategy to build successful, long-term tenant relationships by maintaining high standards for both our properties and our services." Mack-Cali was represented in-house by Ivan Abry, senior director of leasing. Mack-Cali 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 294 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 33.8 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of approximately 2,100 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," "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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