| 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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June 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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One
Grande Commons (c)
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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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Soundview
Plaza
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Morgan Stanley Mortgage Capital
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6.015
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%
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15,240
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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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%
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4,393
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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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6,125
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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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10,526
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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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5,793
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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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18,901
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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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%
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62,614
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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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%
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14,461
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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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16,074
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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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38,016
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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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12,274
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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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12,053
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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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3,882
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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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%
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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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%
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30,725
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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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%
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230,068
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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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%
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19,135
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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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%
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43,835
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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
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%
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(g)
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16,187
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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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721,302
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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 6: Discontinued Operations.
(c)
The
mortgage loan has two one-year extension options
subject to certain conditions and the payment of a fee.
(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.
(e)
Mortgage
is collateralized by the three properties comprising One River
Center.
(f)
The
Operating Partnership has agreed, subject to certain conditions, to guarantee
repayment of a portion of the loan.
(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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