313,000-SF Class-A Spec Office Building Sets
New Standard for Excllence in Princeton Marketplace

West Windsor, N.J., April 23, 2007 – RexCorp Realty LLC (“RexCorp”) has announced that construction of its highly anticipated spec office building University Square is complete and the building is ready for tenant occupancy. The new five-story, state-of-the-art office building, owned by RexCorp, comprises 313,000 square feet of Class-A office space exclusively designed to meet the needs of the most discerning tenants in the sophisticated Princeton submarket.

GVA Williams New Jersey is leading the leasing assignment for the newly completed property, which has seen a tremendous amount of interest from brokers and prospective tenants since the project broke ground.

University Square offers the highest level of amenities and services, creating a premier office environment. The building features: a dramatic two-story lobby with rich cherry wood paneling and granite detail; state-of-the-art communications, technology and connectivity; teleconferencing and training facilities; concierge service; state-of-the-art health club with locker rooms and saunas, and a full-service cafeteria with seating for more than 60.

“University Square is setting a new standard of excellence for Class-A office properties,” stated Todd Rechler, RexCorp’s senior executive vice president, managing director, NJ Division and managing director RexCorp Construction and Development LLC. “University Square continues our Company’s legacy of exceptional design, high-end amenities and quality finishes. We are confident that with the building now ready for tenant viewing and occupancy, the strong level of interest we have seen throughout the last year will translate into a rapid and successful leasing campaign.”

Located in the Princeton market’s premier location, at the intersection of US Highway 1 and Alexander Road, University Square is in close proximity to the Princeton Junction Amtrak and New Jersey Transit train station. Additional property amenities include a superior riser capacity and backup generator. RexCorp’s onsite management team will provide the highest level of services to building tenants.

“Every aspect of University Square has been meticulously planned to incorporate the advanced business requirements and amenities that today’s Fortune 500 companies desire and have come to expect,” said GVA Williams President David Simson, who is heading the leasing efforts. “There is simply no other new building in Princeton to rival the level of detail, quality finishes and advanced infrastructure of University Square.”

About RexCorp
RexCorp Realty LLC (“RexCorp”) is the newly created, fully integrated private real estate company formed by former key members of Reckson Associates Realty Corp’s senior management team. RexCorp has an experienced, cohesive, and industry- recognized management team that has an average of 20+ years of real estate experience and a high degree of expertise in operating, developing and investing.

RexCorp has approximately $3 billion in assets under management, including 11 million square feet in 70 properties, and is one of the largest real estate operating companies in the New York Tri-State area. RexCorp’s New Jersey portfolio features trophy assets strategically located in NJ's prime corporate locations including: 51 JFK Parkway, 101 JFK Parkway, and 103 JFK Parkway, all located within the premier Short Hills office market, and the Class-A Route 24 corridor properties, including: One Giralda Farms, Three Giralda Farms, Seven Giralda Farms, and Giralda Farms Office Park, a two-building, 451,431-square-foot ground-up development that offers an additional expansion opportunity of up to 1.25 million square feet of additional new space. The latest addition to the RexCorp portfolio is the recently completed world-class University Square property, a 313,000-square-foot building located in the thriving Princeton marketplace.

For more information, visit the RexCorp website at www.rexcorprealty.com.

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