--Highly Developed Infrastructure with Optimal Tenant Amenities --

SHORT HILLS, N.J., APRIL 9, 2008 – RexCorp Realty LLC’s (“RexCorp”) has announced the successful completion of its newest Class-A office building, University Square, located in the prime real estate market of Princeton, New Jersey. The new five-story, state-of-the-art office building, owned by RexCorp, comprises 313,000 square feet of next generation, premier office space, targeted to exceed the expectations of the most discerning tenants in the sophisticated Princeton submarket.

University Square offers the highest level of amenities and services, creating a premier office environment. The building features: an impressive two-story atrium lobby with rich cherry wood paneling and granite detail; state-of-the-art communications, technology and connectivity; multi-dimensional 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 has set a new standard of excellence for Class-A office properties in New Jersey,” stated Todd Rechler, President of RexCorp’s New Jersey division and RexCorp Construction and Development LLC. “University Square continues our Company’s legacy of exceptional design, all-encompassing amenities and high-quality, luxurious finishes, and at the same time validates our ‘Landlord of Choice’ position in the market. We are confident that with the building now ready for tenant 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 finest 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.

GVA Williams New Jersey is leading the leasing assignment. “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 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 11.2 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.