SHORT HILLS, N.J., DEC. 6, 2007 – RexCorp Realty LLC (“RexCorp”) recently held its annual holiday gala at One Giralda Farms in Madison, N.J. This event, widely attended by New Jersey’s top real estate executives, is traditionally recognized as one of the largest and most highly anticipated annual industry gatherings in the region.

At the gala, RexCorp presented two “Broker of the Year” Awards. These awards are given to those brokers in acknowledgement of their success and achievements in a highly creative or sizeable transaction at a RexCorp property, which has had a notable impact on the market. In addition to the award, the Brokers of the Year receive a $5,000 donation from RexCorp to the Morristown Memorial Cancer Center. Douglas A. Gaffney, Senior Managing Director, The Schultz Organization received the award in the office category in recognition of the 41,384-square-foot lease for Schwartz, Simon, Edelstein Celso and Kessler at 44 Whippany Road in Morristown, N.J. In addition, Frank Kobola, CCIM, Associate, Colliers Houston & Co., received the award in the flex category for the 24,000-square-foot lease of the Snyders of Hanover Distribution Center at 400 Forge Way in Rockaway, N.J.

“It is a pleasure to be hosting this annual RexCorp event where we salute the real estate community for their key contributions over the last 12 months,” said Todd Rechler, RexCorp’s Senior Executive Vice President and Managing Director of New Jersey division. “This is an important event for us because our continued success is due to our strong relationships with the brokerage community, and tonight we get a chance to thank them for their efforts and dedication.”

The event provided the brokerage community the opportunity to preview the newly repositioned 150,000 square foot One Giralda Farms, strategically located on the Route 24 Corridor in the 310-acre prestigious Giralda Farms corporate campus. One Giralda’s extensive repositioning is highlighted by an impressive newly landscaped entry and sophisticated granite and stone lobby, and a comprehensive amenity package that includes pervasive technical support, 21st century health and fitness center, private meeting venues and gourmet café with corporate catering.

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.

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.