EDISON, N.J., Nov. 23, 2015 /PRNewswire/ -- Mack-Cali
Realty Corporation (NYSE: CLI) today announced that Christopher DeLorenzo and Ricardo Cardoso were promoted to new roles
within the Company. DeLorenzo was promoted to executive vice
president of leasing, while Cardoso was elevated to chief
investment officer.
In his new role, DeLorenzo is responsible for the leasing
efforts of the entire company. Cardoso will now lead the Company's
direction to rebalance and reposition the office portfolio of more
than 25 million square feet. The two executives will play key parts
as Mack-Cali continues
implementing its recently announced strategic shift, focusing on
high end waterfront and transit-based properties.
"With a strong portfolio of ideally positioned urban,
waterfront, and suburban assets that provide the core amenities
tenants desire, Mack-Cali's
strategic plan is a roadmap for creating value for our
stakeholders," said DeLorenzo. "I am looking forward to being a
part of the team that helps lead Mack-Cali during this exciting time."
"With the Company's new leadership, I look forward to creating a
forward-looking portfolio through the disposition of non-core
assets and growing our holdings in transit-based locations," said
Cardoso. "We will be focused on making smart capital
investments to our existing properties, all with goal of creating a
competitive, best-in-class portfolio."
DeLorenzo has been with Mack-Cali since 1998 and previously served as a
senior vice president. His primary responsibilities include
managing the Company's in-house leasing team of 12 professionals,
assigning and managing third party broker agency agreements, and
evaluating potential acquisition and disposition opportunities. He
is involved with the National Association of Industrial and Office
Properties (NAIOP) New Jersey, and
is a member of the board of the Bergen
Community College Foundation.
Cardoso has been with Mack-Cali
for more than 20 years and is responsible for sourcing new real
estate acquisitions and identifying opportunities within
Mack-Cali's portfolio for asset
repositioning or disposition. He has a well-documented real estate
track record and strong relationships across Northeast markets.
Cardoso joined Mack-Cali from the
Robert Martin Company when it was acquired in 1997 and previously
held the position of vice president of investments. He is also
involved with the National Association of Industrial and Office
Properties (NAIOP) New Jersey, and
is on the real estate board of the March of Dimes, New Jersey chapter.
"Both Christopher and Ricardo will be incredibly valuable voices
for the Company as we continue the strategic repositioning of
Mack-Cali to strengthen our
portfolio," said Mack-Cali
president Michael DeMarco. "Their
drive, dedication, and loyalty are evident to everyone who works
with them."
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.
Contacts:
|
Ilene
Jablonski
Mack-Cali Realty
Corporation
Vice President of
Marketing
(732)
590-1528
ijablonski@mack-cali.com
|
John
Gallagher
Mercury Public
Affairs
(212)
681-1380
jgallagher@mercuryllc.com
|
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SOURCE Mack-Cali Realty Corporation