Rivkin Radler Tops Out RexCorp’s 386,000 Square Feet of Leasing Transactions Signed Throughout Long Island Office Portfolio in Second Quarter

Uniondale, NY – August 2, 2007 – RexCorp Realty LLC (“RexCorp”), today announced that Rivkin Radler, LLP, Long Island’s largest law firm and a RexCorp tenant at the property for over two decades, recently signed another long-term lease for its 80,000 square foot headquarters at RexCorp Plaza in Uniondale. The deal, which topped out 386,000 square feet of leasing transactions throughout RexCorp’s Long Island portfolio in the second quarter, sets itself apart as one of the largest Class A office leasing transactions in Long Island signed in 2007.

Commenting on his firm’s headquarters, Rivkin Radler founding partner, Leonard L. Rivkin stated, “The very first time I visited ‘The Plaza’ even though it was still under construction and more than two years from completion, I knew that I had found the perfect building and the perfect location, just what the firm was looking for.”

“RexCorp Plaza is an address our entire firm is proud to point to as our headquarters,” said William Savino, managing partner of Rivkin Radler. “As we continue to grow and expand our practice, RexCorp’s service-first approach to management, coupled with the Plaza’s central location will be of the utmost importance.”

The 140-attorney law firm, which also has offices in Manhattan and New Jersey, had embarked on an extensive search for office space in 2005 and ultimately decided the lure of Long Island’s best-known and most prominent trophy office building proved too compelling a proposition for the firm to pass up.

“The completion of the Rivkin Radler transaction is very rewarding for us,” said Kenneth Bauer, SVP and Director of RexCorp Realty. “While we’re very proud of our property for its prominence, client relationships are paramount. We have experienced outstanding leasing activity this quarter throughout our Long Island portfolio and in addition to Rivkin Radler’s decision to remain at RexCorp Plaza, we are equally pleased to renew a number of leases of other prominent tenants as well as to welcome several new important tenants,” continued Bauer.

Among the 386,000 square feet of leasing transactions signed in the second quarter the following new tenants joined RexCorp’s Long Island tenant roster: General Electric Capital Corp, TNT USA, Inc., LAN Solutions, Star Lake Capital, Inc., Jordan Katz, Capital Creations Group, Michael Weinreb Associates, and D&S Capital LLC. The brokers representing the tenants in these transactions were Brian Lee, Newmark Knight Frank; Phil D’Avanzo, Cushman & Wakefield; Gus Nuzzolese, Sutton & Edwards; Carmine Inserra, NAI Long Island; Ray Finklestein, United Realty; Michael Schulman; Mike DiDonato, Navigator Consulting Group; Harris Rousso, Real Estate Strategies; and Jeff Nemshin, Paragon Group.

About RexCorp

RexCorp Realty LLC, (“RexCorp”) is a fully integrated private real estate company with expertise in investment management, development, design, construction, leasing, financing and asset management.

RexCorp’s core growth strategy is focused on the markets surrounding New York City. The Company is one of the largest owners, managers, and developers in the New York Tri-State Area with approximately $3 billion in assets, with 69 properties comprised of over 11 million square feet, and approximately $3.5 billion in development projects. RexCorp, along with predecessor entities, has owned, managed and developed approximately $6 billion in assets encompassing over 20 million square feet. For more information on RexCorp, please visit the Company’s web site at www.rexcorprealty.com.