| Summary Of Mortgages, Loans Payable And Other Obligations |
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Property Name
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Lender
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Effective
Rate (a)
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September 30,
2012
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December 31,
2011
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Maturity
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2200 Renaissance Boulevard (b)
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Wachovia CMBS
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5.888
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%
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-
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$
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16,171
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-
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Soundview Plaza (c)
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Morgan Stanley Mortgage Capital
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6.015
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%
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-
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15,531
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-
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One Grande Commons (d)
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Capital One Bank
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LIBOR+2.00
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%
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$
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11,000
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11,000
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12/31/12
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9200 Edmonston Road
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Principal Commercial Funding L.L.C.
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5.534
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%
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4,349
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4,479
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05/01/13
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6305 Ivy Lane
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John Hancock Life Insurance Co.
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5.525
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%
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6,064
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6,245
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01/01/14
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395 West Passaic
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State Farm Life Insurance Co.
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6.004
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%
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10,396
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10,781
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05/01/14
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6301 Ivy Lane
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John Hancock Life Insurance Co.
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5.520
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%
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5,739
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5,899
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07/01/14
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35 Waterview Boulevard
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Wachovia CMBS
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6.348
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%
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18,826
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19,051
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08/11/14
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6 Becker, 85 Livingston,
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Wachovia CMBS
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10.220
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%
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62,867
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62,127
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08/11/14
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75 Livingston &
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20 Waterview
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4 Sylvan
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Wachovia CMBS
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10.190
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%
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14,473
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14,438
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08/11/14
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10 Independence
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Wachovia CMBS
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12.440
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%
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16,161
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15,908
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08/11/14
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4 Becker
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Wachovia CMBS
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9.550
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%
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38,148
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37,769
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05/11/16
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5 Becker
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Wachovia CMBS
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12.830
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%
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12,391
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12,056
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05/11/16
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210 Clay
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Wachovia CMBS
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13.420
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%
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12,162
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11,844
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05/11/16
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51 Imclone
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Wachovia CMBS
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8.390
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%
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3,880
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3,886
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05/11/16
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Various (e)
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Prudential Insurance
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6.332
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%
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149,715
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150,000
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01/15/17
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23 Main Street
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JPMorgan CMBS
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5.587
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%
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30,586
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31,002
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09/01/18
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Harborside Plaza 5
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The Northwestern Mutual Life
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6.842
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%
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229,281
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231,603
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11/01/18
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Insurance Co. & New York Life
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Insurance Co.
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100 Walnut Avenue
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Guardian Life Insurance Co.
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7.311
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%
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19,080
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19,241
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02/01/19
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One River Center (f)
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Guardian Life Insurance Co.
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7.311
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%
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43,710
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44,079
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02/01/19
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581 Main Street (g)
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Valley National Bank
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6.935
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%
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(h)
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16,112
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16,338
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07/01/34
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Total mortgages, loans payable and other obligations
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$
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704,940
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$
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739,448
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| (a) |
Reflects effective rate of debt, including deferred financing costs, comprised of the cost of terminated treasury lock agreements (if any), debt initiation costs, mark-to-market adjustment of acquired debt and other transaction costs, as applicable. |
| (b) |
On March 28, 2012, the Company transferred the deed for 2200 Renaissance Boulevard to the lender in satisfaction of its obligations. See Note 7: Discontinued Operations. |
| (c) |
On September 4, 2012, the Company repaid this mortgage loan at par, using borrowings under the Company’s unsecured revolving credit facility. |
| (d) |
The mortgage loan has two one-year extension options, subject to certain conditions and the payment of a fee. |
| (e) |
Mortgage is collateralized by seven properties. The Operating Partnership has agreed, subject to certain conditions, to guarantee repayment of a portion of the loan. |
| (f) |
Mortgage is collateralized by the three properties comprising One River Center. |
| (g) |
The Operating Partnership has agreed, subject to certain conditions, to guarantee repayment of a portion of the loan. |
| (h) |
The coupon interest rate will be reset at the end of year 10 (2019) and year 20 (2029) at 225 basis points over the 10-year treasury yield 45 days prior to the reset dates with a minimum rate of 6.875 percent. |
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