Effective

September 30,

December 31,

Property Name

Lender

Rate (a)

Maturity

6301 Ivy Lane (b)

RGA Reinsurance Company

%

$

 -

$

 -

395 West Passaic (c)

State Farm Life Insurance Co.

%

 -

 -

35 Waterview Boulevard (d)

Wells Fargo CMBS

%

 -

 -

233 Canoe Brook Road (e)

The Provident Bank

%

 -

 -

6 Becker, 85 Livingston,

Wells Fargo CMBS

%

08/11/14

(o)

75 Livingston &

20 Waterview (f)

4 Sylvan

Wells Fargo CMBS

%

08/11/14

(o)

10 Independence (g)

Wells Fargo CMBS

%

08/11/14

(g)

Port Imperial South 4/5

Wells Fargo Bank N.A.

LIBOR+3.50

%

10/31/14

(q)

Overlook - Site IIID,IIIC, IIIA (p)

Wells Fargo Bank N.A.

LIBOR+3.50

%

 -

03/02/15

Overlook - Site IIB (Quarrystone I) (p)

Wells Fargo Bank N.A.

LIBOR+2.50

%

 -

04/14/15

9200 Edmonston Road (h)   

Principal Commercial Funding L.L.C.

%

05/01/15

Port Imperial South

Wells Fargo Bank N.A.

LIBOR+1.75

%

09/19/15

4 Becker

Wells Fargo CMBS

%

05/11/16

5 Becker (i)

Wells Fargo CMBS

%

05/11/16

210 Clay 

Wells Fargo CMBS

%

05/11/16

Curtis Center (j)

CCRE & PREFG

LIBOR+4.55

%

(m)

 -

10/09/16

Various (k)   

Prudential Insurance

%

01/15/17

150 Main St.

Webster Bank

LIBOR+2.35

%

 -

03/30/17

23 Main Street

JPMorgan CMBS

%

09/01/18

Harborside Plaza 5

The Northwestern Mutual Life

%

11/01/18

Insurance Co. & New York Life

Insurance Co.

100 Walnut Avenue

Guardian Life Insurance Co.

%

02/01/19

One River Center (l)

Guardian Life Insurance Co.

%

02/01/19

Park Square

Wells Fargo Bank N.A.

LIBOR+1.75

%

(n)

 -

04/10/19

Total mortgages, loans payable and other obligations

$

$

(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 April 1, 2014, the Company repaid the mortgage loan at par, using available cash. 

(c)

On May 1, 2014, the Company repaid the mortgage loan at par, using available cash.

(d)

On May 12, 2014, the Company repaid the mortgage loan at par, using borrowings on the Company’s unsecured revolving credit facility.

(e)

On April 30, 2014, the Company repaid the mortgage loan at par, using available cash. 

(f)

Mortgage is cross collateralized by the four properties.

(g)

The Company is negotiating a deed-in-lieu of foreclosure in satisfaction of this mortgage loan.

(h)

The mortgage loan originally matured on May 1, 2013.  The maturity date was extended until May 1, 2015 with the same interest rate.  Excess cash flow, as defined, is being held by the lender for re-leasing costs.  The deed for the property was placed in escrow and is available to the lender in the event of default or non-payment at maturity. 

(i)

The cash flow from this property is insufficient to cover operating costs and debt service.  Consequently, the Company notified the lender and suspended debt service payments in August 2013.  The Company has begun discussions with the lender regarding a deed-in-lieu of foreclosure and began remitting available cash flow to the lender effective August 2013.

(j)

The Company, owns a 50 percent tenants-in-common interest in the Curtis Center Property.  The Company’s $64.0 million loan consists of its 50 percent interest in a $102 million senior loan with a current rate of 3.45 percent at September 30, 2014 and its 50 percent interest in a $26 million mezzanine loan (with a maximum borrowing capacity of $48 million) with a current rate of 9.65 percent at September 30, 2014.  The senior loan rate is based on a floating rate of one-month LIBOR plus 329 basis points and the mezzanine loan rate is based on a floating rate of one-month LIBOR plus 950 basis points.  Both loans have LIBOR caps for the period.  The loans provide for three one-year extension options.  As the Curtis Center Property loans closed on September 30, 2014 with the loan proceeds received on October 1, 2014, the Company recorded the loan and a receivable on September 30, 2014.  See Note 5: Deferred Charges, Goodwill and Other Assets.

(k)

Mortgage is cross collateralized by seven properties. The Operating Partnership has agreed, subject to certain conditions, to guarantee repayment of a portion of the loan. 

(l)

Mortgage is collateralized by the three properties comprising One River Center. 

(m)

Amortization of deferred financing costs adds 1.523 percent to the variable interest rate stated above.

(n)

Amortization of deferred financing costs adds 0.122 percent to the variable interest rate stated above.