Westchester office portfolio records approximately 67,000 SF of leasing transactions

White Plains, NY – July 29, 2008 – RexCorp Realty LLC (“RexCorp”), the leading real estate operating company in the New York Tri-State region, finished the first half of 2008 with a brisk second quarter. RexCorp recorded approximately 67,000 square feet in leasing activity with new and existing tenants across its Westchester and Connecticut Class A portfolio, including the recently repositioned 1.4 million square-foot, 14-building Platinum Mile, the five building Tarrytown Corporate Center and the 227,966 square-foot High Ridge Road property in Stamford, Connecticut.

In the wake of its multi-million dollar improvement and repositioning program, the Platinum Mile has continued to attract leading businesses, making it Westchester’s most sought after corporate address with its unsurpassed location and amenities. Leasing highlights at the property include the United Jewish Appeal Federation of New York, the world’s largest local philanthropy, which furthered its commitment to 701 Westchester Avenue with a new long-term lease for 10,646 square feet. The UJA helps 1.4 million people in the New York City area as well as 3 million in Israel and 60 other countries.

In excess of 36,000 SF of new and renewed leases were signed at the Platinum Mile during the second quarter. In addition to the United Jewish Appeal Federation, new leases included:

• S.J. Levinson & Sons LLC, a securities broker/dealer, signed a new 3,670 square-foot lease and renewed a 2,249 square-foot lease at 2700 Westchester Avenue. Brian Carcaterra of Newmark Knight Frank represented the tenant in the transaction.
• U.S. General Services Administration, the federal agency which manages more than a quarter of the government’s total procurement dollars and $500 billion in federal assets including 8,600 government-owned or leased buildings, signed a new 6,969 square-foot lease at 108 Corporate Park Drive on behalf of the U.S. Census Bureau.
• Northwest Atlantic Real Estate Services, the leading retail real estate service provider in the Tri-State Area, signed a renewed 4,010 square-foot lease at 711Westchester Avenue.

Tarrytown Corporate Center also continues to draw and retain tenants, with more than 14,500 SF in leasing transactions completed during Q2, led by Bayer Corp., a leading science and technology company and long-term Tarrytown Corporate Center tenant.

• Bayer Corp. expanded its office at 555 White Plains Road. Brad Armstrong of Equis Corporation represented the client on the transaction.
• Datacap Inc., a leading provider of document capture and forms processing software solutions to organizations worldwide, also expanded its offices at 660 White Plains Road.
• Bank of America, one of the world’s largest financial institutions, renewed its commitment at 505 White Plains Road.

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.

New and existing tenants also continue to recognize the value of RexCorp’s trophy property at 225 High Ridge Road in Stamford, Connecticut. The campus-style office complex features two three-story buildings on 14 wooded acres. Amenities include a full-service cafeteria and fitness center along with shuttle service to the Stamford Transportation Center.

• Harbor Watch Capital Management LLC signed a new 15,451 square-foot lease at 225 High Ridge Road. Stephen Banker of Newmark Knight Frank represented the tenant in the transaction.

“We thank our new and existing tenants for helping to make us ‘Landlord of Choice’ for leading corporations in the Westchester area,” said Joseph Caruso, RexCorp’s Senior Vice President who heads leasing at the Platinum Mile. “The robust leasing activity amid a period of economic uncertainty during the period reflects the strength of RexCorp’s solid commitment to the Westchester’s commercial real estate market.”

Joel F. Cardillo, RexCorp Senior Vice President responsible for the Tarrytown Corporate Center, said: “RexCorp remains dedicated to maintaining its focus on providing high-quality tenant service and property management to a growing number of the region’s leading businesses.’’

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 $3.5 billion in assets, with over 70 properties comprised of approximately 11.2 million square feet, and approximately $3 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.