Mack-Cali Realty Corp. (CLI)

[Enterprising Investor]

Mack-Cali Announces New 43,534-Square-Foot Lease With Ascensia Diabetes Care US, Inc. (1/29/16)

Global Leader in Blood Glucose Monitoring and Diabetes Care Solutions will Open U.S. Headquarters in Parsippany, NJ

EDISON, N.J., Jan. 29, 2016 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced that Ascensia Diabetes Care US, Inc., a leader in blood glucose monitoring that is owned by Panasonic Healthcare Holdings Co., Ltd. and leading global investment firm KKR, will bring their U.S. headquarters to 5 Wood Hollow Road in Parsippany, New Jersey. Ascensia signed a lease for 43,534 square feet for over 10 years. The award-winning Mack-Cali property is a 317,040-square-foot, three-story, class A office building in Morris County with easy highway access, a sophisticated infrastructure, and outstanding amenities. Ascensia joins AIG, Coyne PR, Groupe SEB, The MI Group, and Decision Resources to bring this trophy asset to 98.6 percent leased.

"This building is the ideal home for Ascensia's U.S. headquarters, providing all the conveniences and services a company of this significance needs," said Christopher DeLorenzo, Mack-Cali executive vice president of leasing. "Mack-Cali's strategic plan focuses on our core properties like 5 Wood Hollow Road that bring together premier office space, ideal transportation options, and the amenities to create workplaces where employees want to work."

Strategically located and beautifully renovated, 5 Wood Hollow Road is LEED Gold certified by the U.S. Green Building Council. It is located at the nexus of I-287 and I-80, with I-280, and routes 202, 46, and 10 all nearby, giving tenants easy commuting access.

The building boasts a range of amenities including a contemporary, three-story renovated atrium lobby, an on-site, full-service cafeteria with indoor and outdoor seating, complimentary Wi-Fi available in the cafeteria and its adjacent public meeting rooms, as well as on-site property management. The building is wired with fiber optics for high-speed connectivity and features a recently upgraded high-efficiency HVAC system. In addition, further 2016 planned upgrades include a new, state-of-the-art fitness center and renovated cafe and conference center.

"Bringing a company like Ascensia to our township is validation of the business-friendly environment we are cultivating here that brings a significant and positive economic impact," said Parsippany Mayor James R. Barberio. "We welcome the new jobs and look forward to Ascensia calling Parsippany home for a long time to come."

Ascensia was represented in the transaction by Roby Bull and Steven Rotter, both of Jones Lang LaSalle. Mack-Cali was represented in-house by Brian Decillis, vice president of leasing.

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, and other tenant-related services for its two-platform operations of waterfront and transit-based office and luxury multi-family assets. Mack-Cali owns or has interests in 276 properties, consisting of 148 office and 109 flex properties totaling approximately 30 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. Mack-Cali strives to provide its tenants and residents with the most innovative communities that empower them to re-imagine the way they work and live.

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.

http://www.prnewswire.com/news-releases/mack-cali-announces-new-43534-square-foot-lease-with-ascensia-diabetes-care-us-inc-300212157.html