University Square in Princeton receives five-star amenity investment with green initiative

SHORT HILLS, N.J., JULY 9, 2008 -- RexCorp Realty LLC’s (“RexCorp”), the developer of choice in the Class-A office market has built a reputation for exceeding the needs of its sophisticated tenants with an unusual ability to forecast trends and respond accordingly. In Princeton, RexCorp has taken amenities one step further with an offering that will set a new standard for the workday experience.

RexCorp’s most recent development, the newly completed five-story 313,000-square-foot University Square in Princeton, has a five-star amenity package with a caveat for the supporters of the timely green movement.

Addressing the concerns of the next generation tenant, RexCorp has included an incentive for those with hybrid vehicles – a reserved parking space, within steps of the lobby entry.

“We wanted University Square to be fully loaded for tenants and perfect from day one,” said Todd Rechler, President of RexCorp’s New Jersey division and RexCorp Construction and Development LLC. “We accomplished this at University Square by creating a premier office experience equipped with top-of-the-line amenities, ready for tenants to enjoy from the first day they move into this world class office building.” Rechler added, “Our important green incentive encourages environmentally conscious practices. Reserved parking for hybrids recognizes those who are aligned with the reduction of energy consumption wherever and whenever we can.”

A few of the distinguishing characteristics of University Square are its 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; health club with locker rooms and saunas, and a full-service cafeteria with seating for more than 60.

Offering immediate tenant occupancy, one of the most unique features of University Square is that RexCorp built the amenities as part of the spec construction phase. Typically, most developers wait until the entire building is occupied to begin construction of the amenities.

GVA Williams New Jersey President David Simson is exclusively leading the leasing for University Square. According to David Simson, “University Square offers the most impressive variety of on-site amenities of any new development along the desirable Route One Corridor. As with all RexCorp developments, the emphasis on quality amenities and attention to details is unprecedented.”

Situated 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.

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.