EDISON, NJ—Mack-Cali Realty Corporation named Christopher DeLorenzo executive vice president of leasing and appointed Ricardo Cardoso chief investment officer.

In his new role, DeLorenzo is responsible for the leasing efforts of thec entire company. Cardoso will now lead the company's initiative 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," says 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," says 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 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. 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 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," says Mack-Cali president Michael DeMarco. "Their drive, dedication, and loyalty are evident to everyone who works with them."

Separately, the company says its re received the 2015 Building Owners and Managers Association-NJ Outstanding Building of the Year Award in the suburban low rise category. This award recognizes the property management team's excellence in building management, operational efficiency, tenant retention, emergency planning, and community impact.

"Mack-Cali Business Campus in Parsippany is an excellent example of how we are putting our strategic plan into effect to strengthen our core assets, including creating a luxury experience in our key suburban properties," says DeMarco. "This award is well-deserved recognition for the outstanding office environment we've created and are continuing to improve – including first class amenities, beautiful surroundings, and easy access to transit options."

Mack-Cali Business Campus' 600-acre Morris County site is home to numerous Fortune 500 companies. The campus encompasses 14 class A office properties totaling approximately two million square feet. The campus offers a long list of amenities, including hotels; restaurants, banking, and a child care center, as well as nearby shopping, restaurants, and business services, in addition to complimentary shuttle service to the Morris Plains train station.

The property is slated to undergo a number of upgrades and enhancements, Mack-Cali says, including:

• Interconnected pathways/walking jogging trails
• Enhanced dining options, including new on-campus restaurant pad sites
• A Wegmans supermarket, scheduled to open in 2017
• The introduction of a "food truck park" in the center of the Campus
• Improved outdoor community spaces
• New and expanded fitness centers
• New and expanded conference facilities
• Renovated building lobbies
• New signage and branding

"The future is incredibly bright for the Mack-Cali Business Campus as we build on the already impressive array of offerings and incredible momentum at the Campus by expanding our amenity package to serve even more of our tenants needs," says DeLorenzo. "We also have a tremendously dedicated and hardworking property management team – as evidenced by this award – that is committed to providing tenants with the top-notch service they require."