RexCorp previews 'next generation' office properties.

RexCorp Realty LLC ("RexCorp") hosted an informational business gathering for the region's top corporate real estate directors to discuss the state of the real estate market at a private preview of its University Square property in Princeton on Sept. 18. The property was selected as a showcase for the Summit as representative of the finest "next generation" office property.

Among the distinguished officials in attendance were David E. Nuse, director of the real estate development division of The New Jersey Economic Development Authority, James W. Hughes, Ph.D., Dean, Edward J. Bloustein School of Planning and Public Policy at Rutgers University, the executive management of RexCorp, the owners and developers of University Square. The audience was comprised of leading real estate executives from those Fortune 100 companies who operate within the greater Princeton region.

"Congratulations to RexCorp and all those who took part in designing and developing this impressive building," said Nuse. "As we move forward with Governor Corzine's strategic plan to grow the state's economy through the Office of Economic Growth, we are continuing to support the kinds of programs and services that attract new businesses to facilities like this one and retain and grow those businesses that have already chosen to locate in New Jersey."

"New Jersey still has a powerful leading-edge, knowledge-based economy comprising more than 4.1 million jobs. However, it has been growing very slowly," said Hughes. "Its future will be determined by the maintenance of its high quality labor force and quality of life, while at the same time reducing the high costs of doing business in the state."

The trophy office building is a 313,000 s/f Class A office building. RexCorp developed the five-story spec office building, which was designed to incorporate the advanced business requirements and amenities required by discriminating Fortune 500 companies.

The building features a dramatic two-story lobby with rich cherry wood paneling and granite detail; state-of-the-art communications, technology and connectivity; teleconferencing and training facilities; concierge service, health club, saunas and a cafeteria for more than 60.

"University Square continues our Company's proud legacy of developing properties of true distinction that feature exceptional design, high-end amenities and quality finishes," stated Todd Rechler, senior executive vice president and managing director, New Jersey Divison and Managing Director RexCorp Construction and Development LLC.

GVA Williams New Jersey is leading the leasing assignment for the newly completed property, which has seen a tremendous amount of interest from brokers and prospective tenants since the project broke ground.

"Every aspect of University Square has been meticulously planned to incorporate the advanced business requirements and amenities that today's Fortune 500 companies desire and have come to expect," said GVA Williams President David Simson, who is heading the leasing efforts. "There is simply no other new building in Princeton to rival the level of detail, quality finishes and infrastructure of University Square."