Ice Spectacular Featuring Three -Time US Champion &
Olympian Johnny Weir & Three-Time US Champions and World Bronze Medalists Kyoko Ina & John Zimmerman
& Many More Skating Stars
Uniondale, NY - November 6, 2006 - Reckson Associates Realty Corp. (NYSE: RA)
and Citibank are revving-up the star power for one of the region's most-anticipated
and cherished holiday traditions with the lighting of Long Island's Favorite Christmas
Tree on Saturday, December 2nd at 6:00 p.m. at Reckson Plaza, Uniondale. This
year, for the first time in a decade, Reckson will present an Ice Spectacular
in addition to the renowned Tree-Lighting, promising a fun-packed, memorable,
family event. The Ice Spectacular will showcase an exciting array of world class
skating talent on Reckson Plaza's famous ice rink including U.S. figure-skating
champions and popular LI-based public television animated stars from "Dittydoodle
Works".
This dazzling presentation is headlined by three-time United States Figure
Skating Champion and Olympian, the incomparable Johnny Weir. He will be joined
by three-time United States Figure Skating Pair Champions and World Bronze Medalists,
Kyoko Ina and John Zimmerman, whose choreographic artistry sizzles on the ice.
This celebrity-filled event also includes members of the Ice Theatre of New
York troupe, performing their show-stopping number -the hot-chocolate ice ballet-
a highlight of the classic Christmas film, "The Polar Express". Additional,
high-energy performances by 60 of tomorrow's skating stars, the Long Island
Junior Skating Champions ensemble, will make everyones' spirits soar. The New
Life Tabernacle Choir will make a special appearance and the New York Islander
Girls will demonstrate their cheerleading acrobatics as well as perform as Santa's
elves to everyone's delight.
The tree lighting program will be taped live on December 2nd and broadcast on
WPIX, Channel 11, on Saturday, December 9th at
6:00 pm, hosted by members of WPIX's award-winning team of news anchors.
Last year Reckson Associates Realty Corp. purchased the 1.1 million square
foot landmark Uniondale office towers, currently undergoing a multi-million
dollar repositioning, where the lighting of the largest Christmas tree on Long
Island is celebrated, and immediately announced they would continue the tradition
in cooperation with their joint sponsor, Citibank.
"Together with Citibank, we've assembled an exciting, world-class lineup
of holiday entertainment performing at Reckson Plaza for Long Island families
to enjoy," states Scott Rechler, Reckson CEO. "We are proud to present
this special annual tree lighting event, kicking off the holidays for the Long
Island community. We like to think of this event as a holiday gift to the people
of Long Island."
In keeping with the spirit of giving throughout the holiday season, Reckson
will again sponsor and support the US Marines' "Toys for Tots" campaign
and the locally-based Island Harvest, which collects and distributes food to
Long Islanders in need.
Reckson Plaza is located in Uniondale at the juncture of Hempstead Turnpike
and the Meadowbrook Parkway, directly across from the Nassau Coliseum. It is
both the largest and most recognizable office complex on Long Island. With this
strategic acquisition, Reckson increased the Company's Long Island portfolio
to approximately 5 million square feet. In addition, Reckson Plaza holds a portfolio
in the Mitchel Field area, of approximately 2.6 million square feet of Class
A office space, further solidifying Reckson's position as the leading provider
of the highest quality office space and as the "Landlord of Choice".
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Reckson is a self-administered and self-managed real estate investment trust
(REIT) specializing in the acquisition, leasing, financing, management and development
of Class A office properties.
Reckson is one of the largest publicly traded owners, managers and developers
of Class A office properties in the New York Tri-State area and wholly owns,
or has substantial interests in, a total of 101 properties comprised of approximately
20.2 million square feet. For additional information on Reckson, please visit
the Company's web site at www.reckson.com.
Forward-Looking Statements
Certain matters discussed herein, including guidance concerning the Company's
future performance, are "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. Although the Company
believes the expectations reflected in such forward-looking statements are based
on reasonable assumptions, forward-looking statements are not guarantees of
results and no assurance can be given that the expected results will be delivered.
Such forward-looking statements are subject to certain risks, trends and uncertainties
that could cause actual results to differ materially from those expected. Among
those risks, trends and uncertainties are the general economic climate, including
the conditions affecting industries in which our principal tenants compete;
financial condition of our tenants; changes in the supply of and demand for
office properties in the New York Tri-State area; changes in interest rate levels;
changes in the Company's credit ratings; changes in the Company's cost of and
access to capital; downturns in rental rate levels in our markets and our ability
to lease or re-lease space in a timely manner at current or anticipated rental
rate levels; the availability of financing to us or our tenants; changes in
operating costs, including utility, real estate taxes, security and insurance
costs; repayment of debt owed to the Company by third parties; risks associated
with joint ventures; liability for uninsured losses or environmental matters;
risks that the Company's shareholders do not approve the transaction with SL
Green, that the other closing conditions to the transaction with SL Green are
not met and/or that the transaction with SL Green is delayed or not consummated,
and other risks associated with the development and acquisition of properties,
including risks that development may not be completed on schedule, that the
tenants will not take occupancy or pay rent, or that development or operating
costs may be greater than anticipated. For further information on factors that
could impact Reckson, reference is made to Reckson's filings with the Securities
and Exchange Commission. Reckson undertakes no responsibility to update or supplement
information contained in this press release.
Reckson Associates Realty Corp.
625 Reckson Plaza
Uniondale, NY 11556
Media Contact:
Rubenstein Associates
Gary Lewi: (212) 843-8000
