| Summary Of Mortgages, Loans Payable And Other Obligations |
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Effective
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Interest
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March 31,
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December 31,
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Property Name
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Lender
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Rate (a)
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2012
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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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$ 16,171
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--
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One Grande Commons (c)
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Capital One Bank
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LIBOR +2.00%
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$ 11,000
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11,000
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12/31/12
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Soundview Plaza
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Morgan Stanley Mortgage Capital
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6.015%
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15,387
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15,531
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01/01/13
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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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4,436
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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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6,185
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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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10,654
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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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5,846
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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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18,975
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19,051
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08/11/14
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6 Becker, 85 Livingston,
75 Livingston &
20 Waterview
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Wachovia CMBS
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10.220%
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62,367
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62,127
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08/11/14
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4 Sylvan
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Wachovia CMBS
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10.190%
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14,449
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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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15,990
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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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37,886
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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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12,161
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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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11,947
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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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3,884
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3,886
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05/11/16
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Various (d)
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Prudential Insurance
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6.332%
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150,000
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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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30,862
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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 Insurance Co. & New York Life Insurance Co.
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6.842%
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230,842
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231,603
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11/01/18
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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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19,189
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19,241
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02/01/19
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One River Center (e)
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Guardian Life Insurance Co.
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7.311%
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43,958
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44,079
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02/01/19
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581 Main Street (f)
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Valley National Bank
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6.935% (g)
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16,262
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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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$722,280
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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.
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(b) On March 28, 2012, the Company transferred the deed for 2200 Renaissance Boulevard to the lender in satisfaction of its obligations. See Note 5: Discontinued Operations.
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(c) The mortgage loan has two one-year extension options subject to certain conditions and the payment of a fee.
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(d) Mortgage is collateralized by seven properties. The Operating Partnership has agreed, subject to certain conditions, to guarantee repayment of a portion of the loan.
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(e) Mortgage is collateralized by the three properties comprising One River Center.
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(f) The Operating Partnership has agreed, subject to certain conditions, to guarantee repayment of a portion of the loan.
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(g) 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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