MACK CALI REALTY CORP - FORM 8-K - EX-99.1 - EXHIBIT 99.1 - January 22, 2010

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8-K - MACK-CALI REALTY - FORM 8-K - MACK CALI REALTY CORPform8k.htm
EX-10.2 - EXHIBIT 10.2 - MACK CALI REALTY CORPex102.htm
EX-10.6 - EXHIBIT 10.6 - MACK CALI REALTY CORPex106.htm
EX-10.3 - EXHIBIT 10.3 - MACK CALI REALTY CORPex103.htm
EX-10.5 - EXHIBIT 10.5 - MACK CALI REALTY CORPex105.htm
EX-10.7 - EXHIBIT 10.7 - MACK CALI REALTY CORPex107.htm
EX-10.4 - EXHIBIT 10.4 - MACK CALI REALTY CORPex104.htm
EX-10.1 - EXHIBIT 10.1 - MACK CALI REALTY CORPex101.htm

 
 
 

Exhibit 99.1

M  A  C  K  -  C  A  L  I     R  E  A  L  T  Y     C  O  R  P  O  R  A  T  I  O  N

NEWS RELEASE

For Immediate Release
 
 
 
Contacts:  
Barry Lefkowitz 
Executive Vice President  
and Chief Financial Officer  
(732) 590-1000 
Ilene Jablonski
Senior Director, Marketing
and Public Relations
(732) 590-1000
                                                                                                                         
                                                                  
                                                                

MACK-CALI REFINANCES $150 MILLION SECURED LOAN

Edison, New Jersey—January 19, 2010— Mack-Cali Realty Corporation (NYSE: CLI) today announced it has refinanced its $150 million secured loan with The Prudential Insurance Company of America.   The new loan also includes VPCM, LLC, a wholly-owned subsidiary of the Virginia Retirement System, as co-lender.

The loan, which matures on January 15, 2017, carries an interest rate of 6.25 percent and is secured by seven properties.

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 289 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 33.2 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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