realty corporation type public traded as nyse cli industry real estate investment trust real estate commercial real estate multi family real estate real estate leasing acquisition property management and development founded 1997 1994 was cali realty corporation s initial public offering . in 1997 the merger happened and the present day company was founded http www.mack cali.com company history headquarters jersey city area served northeast key people mitchell e. rudin ceo and michael j. demarco president and coo website www.mack cali.com mack cali realty corporation is a publicly traded real estate investment trust 1 reit with holdings throughout the northeast and new jersey . 2 the majority of mack cali s holdings are in commercial real estate including class a office space although in recent years they have increased investment in multi family residential properties . 3 the company provides commercial real estate leasing management and development services for their real estate properties . 4 its headquarters are located in jersey city new jersey . 5 contents 1 history 1.1 50s and 60s founding and early years 1.2 70s and 80s a focus on suburban office development 1.3 90s acquisitions public offering and mack cali merger 1.4 2000s and today acquisition of gale company roseland and new ventures 2 major development projects 3 sustainability 4 awards 5 references history edit 50s and 60s founding and early years edit mack cali was founded in 1949 as cali associates by john j. cali angelo r. cali and edward leshowitz . 6 in the 1950s cali associates existed as a developer of single family homes in the region of northern new jersey . 7 during the late 1960s cali associates began to diversify their offerings and develop suburban office buildings to meet growing demand . in 1969 the company completed construction on its first office building 14 commerce drive which is located in cranford business park cranford new jersey . 70s and 80s a focus on suburban office development edit during the 1970s and 1980s cali associates capitalized on increasing population and commerce in new jersey by building 2.2 million square feet of class a office space . these decades brought growth for the company and cemented its development construction and property management credentials . 90s acquisitions public offering and mack cali merger edit in the early 1990s cali associates moved away from building development and began to focus instead on building asset acquisition and management . 8 in august 1994 cali associates became a publicly held real estate investment trust and changed its name to cali realty corporation under a new management team which consisted of brant cali john r. cali and thomas a. rizk . 9 during this period the company also began to expand geographically acquiring properties in suburban philadelphia . in 1997 cali realty corporation acquired the robert martin company for 450 million . 10 this transaction added 65 properties and 4.1 million square feet to its portfolio with many of these new holdings located westchester county ny and connecticut . in december of the same year cali realty corporation completed a 1.2 billion merger with patriot american office group and the mack company founded by h. bert mack and operated by his four sons earle i. mack william l. mack fredric h. mack and david s. mack . the new entity was renamed mack cali realty corporation . at the time this merger represented the largest reit transaction of its kind . 11 2000s and today acquisition of gale company roseland and new ventures edit in 2004 mitchell e. hersh became president of the company 12 and was succeeded in 2015 by the new ceo mitchell e. rudin and michael j. demarco president and coo . 13 hersh was a member of the board of directors since 1997 and chief executive officer of the company from 1999 to 2014 . 14 in 2006 mack cali acquired the gale company a private real estate firm located in new jersey . the purchase resulted in a 2.8 million square foot increase in mack cali s office property holdings . in line with shifting market trends mack cali purchased roseland property company in 2012 . at the time roseland s interest in multi family residential property in new jersey included six fully operational multi family apartments as well as a number of residential properties in the process of being developed . the construction of these unfinished properties is ongoing . 15 major development projects edit on january 15 2014 mack cali and joint venture partner ironstate development company broke ground on url harborside 1 a multi family residential tower that will be located on the jersey city waterfront . when completed the tower will be 69 stories in height . url harborside 1 is one of three towers that will make up the url harborside development . the development is slated for completion in mid 2016 ; when completed it will include 2 358 residences . 16 17 skyline drive is a two story 85 000 square foot office building built for ibm and located at the mid westchester executive park in hawthorne new york . 17 rivertrace at port imperial is a luxury rental building located in west new york new jersey . it consists of 316 studio one two or three bedroom apartments . 18 ribbon cutting ceremonies took place in october 2013 ; the building represents the first multi family residential structure completed by mack cali since their acquisition of roseland . 19 harborside located in jersey city new jersey is an office complex on the hudson waterfront . the complex includes a number of proposed and completed real estate buildings including harborside plaza 2 harborside plaza 3 harborside plaza 4a and harborside plaza 5 which have all been listed as amongst the top 50 office buildings in the state . 20 sustainability edit a number of buildings and properties have achieved leadership in energy and environmental design leed certification from the u.s. green building council . within mack cali s ownership leed silver certification recipients include 4 gatehall drive mack cali business campus parsippany nj ; 21 105 eisenhower parkway eisenhower 280 corporate center roseland nj ; 22 8 campus drive mack cali business campus parsippany nj ; 23 and rivertrace port imperial in west new york nj . 24 additionally many mack cali properties have received recognition for energy efficiency in the form of energy star status from the u.s. environmental protection agency u.s. department of energy . energy star properties in 2014 included south westchester executive park yonkers ny one water street white plains ny 3 barker avenue white plains ny mack cali business campus parsippany nj leed gold recognized properties include 5 wood hollow rd parsippany nj 25 awards edit mack cali has been the recipient of acknowledgement from both inside and outside of the real estate community . recognitions include 2015 harborside plaza 5 earns platinum certification awarded by wiredscore 26 2015 harborside plaza 2 earns platinum certification awarded by wiredscore 27 2015 101 hudson st. earns platinum certification awarded by wiredscore 28 top public real estate companies 3 of 25 crain s new york business 29 2013 best commercial real estate provider gold level awarded by the new jersey law journal 30 2013 the outstanding building of the year 17 17 route 208 north fair lawn nj awarded by the building owners and managers association 31 2013 the outstanding building of the year 999 riverview drive mack cali commercenter totowa nj awarded by building owners and managers association 32 2012 building energy reduction award bridgewater i 721 route 206 bridgewater nj ; 8 campus drive mack cali business campus parsippany nj ; and 10 mountainview road upper saddle river nj awarded by the building owners and managers association 33 2011 top u.s. real estate companies 9 out of 50 awarded by commercial property executive 34 2010 rated one of the most trustworthy companies according to forbes . 35 references edit arnold laurence 4 february 2014 . john cali co founder of mack cali predecessor dies at 95 . bloomberg news . retrieved 8 april 2014 . about mack cali . mack cali realty corporation . retrieved 19 february 2014 . mack cali realty corporation sales preparation . company information database . hoovers a d & b company . retrieved 19 february 2014 . ori joseph . reit focus mack cali realty corporation . seeking alpha . retrieved 19 february 2014 . http www.nj.com hudson index.ssf 2015 09 mack cali to move headquarters to jersey city as i.html incart river hevesi dennis december 15 2006 . angelo r. cali 91 founder of real estate trust dies . the new york times . retrieved 19 february 2014 . mack cali history . mack cali realty corporation . retrieved 19 february 2014 . mack cali realty corporation company profile information business description history background information on mack cali realty corporation . reference for business company history index . retrieved 19 february 2014 . http www.nytimes.com 1994 09 18 realestate commercial property going public veteran realty company takes market plunge.html mack cali realty corporation company profile information business description history background information on mack cali realty corporation . reference for business company history index . retrieved 19 february 2014 . garbarine rachelle january 4 1998 . commercial property mack cali realty corporation ; from two family firms a super regional reit . the new york times . retrieved 19 february 2014 . mack cali realty corp cli new york . bloomberg businessweek . retrieved 8 april 2014 . mack cali names mitch rudin ceo mike demarco president . commercial real estate direct . retrieved 3 june 2015 . mitchell e. hersh . forbes magazine . retrieved 8 april 2014 . roseland a mack cali company . mack cali corporation . retrieved 19 february 2014 . mack cali realty corporation ironstate break ground on new urban ready living r residential tower on jersey city waterfront . the wall street journal . january 15 2014 . retrieved 19 february 2014 . mack cali realty s ceo discusses q3 2011 results earnings call transcript . seeking alpha . retrieved 19 february 2014 . rivertrace at port imperial west new york nj . mack cali corporation . retrieved 19 february 2014 . mack cali s roseland unveils rivertrace at port imperial a new luxury waterfront rental community in west new york . mack cali realty corporation . retrieved 19 february 2014 . njbiz lists . njbiz . retrieved 19 february 2014 . mack cali s parsippany property achieves leed silver certification . world news network . retrieved 19 february 2014 . mack cali s roseland property achieves leed silver certification . mack cali realty corporation . retrieved 19 february 2014 . mack cali office bldg achieves leed silver . costar group . retrieved 19 february 2014 . roseland achieves leed silver certification at rivertrace at port imperial . pr newswire . retrieved 9 february 2015 . mack cali earns leed gold at wood hollow . real estate weekly . retrieved 17 july 2014 . crandall brianna november 13 2015 . mack cali class a office tower earns wiredscore platinum . fm link . retrieved 13 november 2015 . makin bob may 29 2015 . recent central jersey commercial real estate deals . my central jersey . retrieved 29 may 2015 . lubetkin steve may 14 2015 . mack cali s harborside and 101 hudson get platinum wiredscore certification . globe st. retrieved 14 may 2015 . new york s top public real estate companies . crain s new york business . retrieved 19 february 2014 . the best of 2013 . new jersey law journal . retrieved 8 april 2014 . the 2013 outstanding building of the year award winners . the building owners & managers association . retrieved 19 february 2014 . the 2013 outstanding building of the year award winners . the building owners & managers association . retrieved 19 february 2014 . three mack cali properties receive