Global Financial Services Leader Takes 29,028 SF at 709 Westchester Avenue

White Plains, NY – November 26, 2007 – RexCorp Realty LLC (“RexCorp”), owner and operator of the 1.6 million square foot Class A Platinum Mile office portfolio today announced that UBS, one of the world's leading financial firms, has signed a ten-year, 29,028 square foot lease at the Company’s trophy Westchester office park, Platinum Mile.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. With offices in 50 countries UBS's financial businesses employ more than 80,000 people around the world.

The 14-building Platinum Mile portfolio is nearing the final stages of its extensive repositioning program, widely considered to be one of the largest in the history of Westchester’s office market. The major capital improvement program has enriched the properties’ prestige with dramatic lobby and entry redesigns, landscape upgrades and the inclusion of a comprehensive tenant amenity package, offering business services that include wi-fi, gourmet food service and catering, and a variety of team room and conferencing facilities.

“As this unparalleled repositioning of Platinum Mile unfolds,” commented Joseph Caruso, RexCorp’s Senior Vice President of Leasing, “our efforts continue to be validated by tenants of prominence, like UBS, who select this preeminent, luxury office park as the location for their operations in Westchester.” UBS was represented by Steve Baker of Cushman & Wakefield.

UBS joins a prestigious tenant roster populated by fellow financial services firms including JP Morgan Chase, Fidelity Investments, Alpine Woods Capital Investors, Wells Fargo Bank, Bank of New York, Bankers Conseco Life Insurance, and Wachovia. Caruso added, “We welcome UBS to 709 Westchester Avenue where we look forward to sharing RexCorp’s service-first brand of property management and living up to our reputation as the New York Tri-State’s ‘Landlord of Choice’.”


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 70 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