Westchester portfolio records 113,000 SF of leasing transactions


White Plains, NY – October 12, 2007 – RexCorp Realty LLC (“RexCorp”), the leading real estate operating company in the New York Tri-State region, today announced 21 leasing transactions were signed throughout its world-class Westchester office portfolio over the Third Quarter. 113,000 square feet in leasing activity by new tenants as well as long-term, prominent business leaders was recorded at RexCorp’s exceptional Westchester corporate office parks, including Platinum Mile, Tarrytown Corporate Center, and 100 Grasslands Road in Elmsford.

With its Combination of Superlative Location and Amenities, Tarrytown Corporate Center’s Appeal Resulted in 55,279 SF in Leasing Transactions During Q3Led by Business Giants, Bayer Healthcare and Oracle

One of the jewels in RexCorp’s Westchester portfolio, Tarrytown Corporate Center features an unparalleled location near major parkways and transportation arteries including I-287 and Route 119 as well as a Sheraton and Marriott Hotel, and major local retail centers. Favored amenities within the high-design office park include concierge service, onsite conference rooms, cafeterias, restaurants and retail.

RexCorp’s Successful Repositioning of Star Office Park, Platinum Mile, Continues to Generate Huge Tenant Appeal with 50,000 SF in New, Renewed and Expanded Leasing Activity in Q3 Including Renewals by Tenants, Wells Fargo and Fidelity Corporate Real Estate

Tenants continue to be impressed by RexCorp’s Platinum Mile, where a multi-million dollar capital improvement and repositioning program, finalized this year, has made the properties Westchester’s most desired corporate address. New and existing tenants recognize the value inherent in their office addresses at Platinum Mile with its superior building architecture, location at a major junction leading to New York City, Stamford, Greenwich and Westchester Airport, and service and amenities which, bearing the RexCorp hallmark, are synonymous with excellence.

“We’re once again so pleased to be the ‘Landlord of Choice’ for leading corporations situated in Westchester and doing business in the New York Tri-State region,” commented Joseph Caruso, Senior Vice President, Leasing, responsible for RexCorp’s Platinum Mile. “Our strong leasing activity here serves to acknowledge the success of RexCorp’s long-term, strategic vision in reinforcing and reinvesting in quality commercial real estate in Westchester.”

Concurring, Joel F. Cardillo, Senior Vice President, Westchester/Connecticut Division and responsible for RexCorp’s Tarrytown Corporate Center commented, “RexCorp has long committed itself to being the leader in Westchester’s commercial real estate market and our dedication to high quality service and property management coupled with the clear and well maintained superiority of our office parks will continue to draw the region’s leading firms as tenants for years to come.”

Highlights of recent new leases, as well as expansions and renewals include:

At Tarrytown Corporate Center:

• Bayer Healthcare expanded its offices at 555 White Plains Road. Brad Armstrong of Equis represented the tenant in this transaction;
• The world's largest enterprise software company, Oracle, renewed its lease at 560 White Plains Road;
• National leader in disability evaluations, independent medical evaluations and corporate health and occupational medical services, Industrial Medicine Associates, PC, signed a new lease at 660 White Plains Road. Larry Ruggieri of Cushman and Wakefield represented the tenant in this transaction;
• Material handling company, Linde Holdings, Inc. renewed its lease at 660 White Plains Road;
• Westchester IT Solutions signed a new lease at 505 White Plains Road;
• Leading supplier of digital printing systems, Riso, Inc. signed a new lease at 560 White Plains Road for its offices managing its digital duplicator equipment business segment;
• Leading international transportation and infrastructure company, DMJM + Harris signed a new lease at 660 White Plains Road for their executive and administrative offices. Larry Ruggieri of Cushman and Wakefield represented the tenant in this transaction.

At Platinum Mile:

• Wells Fargo Bank renewed its lease at 777 Westchester Avenue;
• Fidelity Corporate Real Estate renewed its offices at 711 Westchester Avenue. Stephen Baker of Cushman and Wakefield represented the tenant in these transactions;
• Consolidated Edison Energy Incorporated expanded its offices at 701 Westchester Avenue;
• Attorneys, Stern, Keiser, Panken & Wohl, LLP expanded their offices and renewed their lease at 1025 Westchester Avenue;
• Sheridan Capital Advisors expanded their offices and signed a lease renewal at 1025 Westchester Avenue;
• Bankers Conseco Life Insurance Company signed a new lease at 711 Corporate Park Drive. Steve Lash of Choyce Peterson, Inc represented the tenant;
• The Gilberg Agency, Inc., a financial advisory firm, signed a new lease at 106 Corporate Park Drive;
• Madison Pension Services signed a new lease at 2500 Westchester Avenue. Jane Segall of Jock and Winnie represented the tenant;
• Family Vision Care Associates, LLP renewed its lease at 711 Westchester Avenue. Howard Greenberg of Howard Properties represented the tenant;
• Artco Steel Corporation expanded its office space and renewed its lease at 711 Westchester Avenue;
• The Law Offices of Gregg M Febbraio, PC signed a new lease at 110 Corporate Park Drive;
• Commodities trading company, Olam Americas, Inc., renewed its lease at 701 Westchester Avenue. Tim Donahue of Jones Lang LaSalle represented the tenant in this transaction;
• Property management company, Greenridge Management Corp, renewed its lease at 701 Westchester Avenue.

In Elmsford:

• Cooper Electric Supply Company renewed its lease at 100 Grasslands Road. Kevin Langtry of CBRE represented the tenant in this transaction.

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.