Mack-Cali Realty Corp. : Mack-Cali Announces Grossman to Depart
January 13, 2012 at 09:26 am
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Mack-Cali Announces Grossman to Depart
Edison, New Jersey-January 13, 2012-Mack-Cali Realty
Corporation (NYSE: CLI) today announced that Michael A.
Grossman is leaving his position as executive vice
president effective immediately, and has agreed to stay on
for a brief period to assist in the transition of his
responsibilities. Mr. Grossman has been with Mack-Cali and
its predecessor companies for over 25 years.
Mitchell E. Hersh, Mack-Cali president and chief executive
officer, commented, "Michael has been a valued member of
the executive team for the past 14 years. During that time
he served in a number of capacities, including having
participated in a number of acquisitions and been
responsible for the Company's leasing activities. His
service to the Company will be missed and I wish him well
in his future endeavors."
Mr. Grossman commented, "Mack-Cali and its predecessors
have been my professional home since 1985. I've had the
privilege to work with many bright and capable people, and
I am thankful for the opportunities afforded to me to
develop my career over these many years."
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 278 properties, primarily office and
office/flex buildings located in the Northeast, totaling
approximately 32.4 million square feet. The properties
enable the Company to provide a full complement of real
estate opportunities to its diverse base of over 2,000
tenants.
Additional information on Mack-Cali Realty Corporation is
available on the Company's website at .
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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