Office – Post Disposition Portfolio 14 4Q 2017 Investor Presentation Waterfront Suburban Avg. Base Rent Avg. Base Rent Building Location Total SF Leased SF % Leased + Escalations (3) Building Location Total SF Leased SF % Leased + Escalations (3) 101 Hudson Jersey City, NJ 1,246,283 1,246,283 100.0% $35.05 4A 1 Giralda Farms Madison, NJ 154,417 154,417 100.0% $39.73 Harborside 1 Jersey City, NJ 399,578 197,276 49.4% 47.44 4D 7 Giralda Farms Madison, NJ 236,674 148,180 62.6% 35.18 Harborside 2 & 3 Jersey City, NJ 1,487,222 1,134,341 76.3% 37.35 4H 4 Gatehall Drive Parsippany, NJ 248,480 195,480 78.7% 26.74 Harborside 4a Jersey City, NJ 207,670 204,856 98.6% 36.51 9A 9 Campus Drive Parsippany, NJ 156,495 137,451 87.8% 20.41 Harborside 5 Jersey City, NJ 977,225 916,565 93.8% 42.36 CT 325 Columbia Turnpike Florham Park, NJ 168,144 167,044 99.3% 26.26 111 River Street Hoboken, NJ 566,215 511,699 90.4% 38.74 F5 100 Schultz Drive Red Bank, NJ 100,000 57,364 57.4% 28.51 Total Waterfront 4,884,193 4,211,020 86.2% $38.34 F6 200 Schultz Drive Red Bank, NJ 102,018 54,970 53.9% 28.24 J7 201 Littleton Road Morris Plains, NJ 88,369 38,572 43.6% 20.05 JB 3600 Route 66 Neptune, NJ 180,000 180,000 100.0% 24.59 K4 4 Campus Drive Parsippany, NJ 147,475 124,307 84.3% 24.01 K6 6 Campus Drive Parsippany, NJ 148,291 120,317 81.1% 25.66 L0 One Sylvan Way Parsippany, NJ 150,557 122,938 81.7% 32.26 L7 Five Sylvan Way Parsippany, NJ 151,383 142,588 94.2% 29.00 L9 Seven Sylvan Way Parsippany, NJ 145,983 103,289 70.8% 28.00 Class A Suburban LJ Seven Campus Drive Parsippany, NJ 154,395 146,604 95.0% 25.76 Avg. Base Rent LK Two Hilton Court Parsippany, NJ 181,592 181,592 100.0% 40.47 Building Location Total SF Leased SF % Leased + Escalations LN Eight Campus Drive Parsippany, NJ 215,265 163,020 75.7% 29.77 1 Bridge Plaza Fort Lee, NJ 200,000 168,352 84.2% $28.52 LQ 2 Dryden Way Parsippany, NJ 6,216 6,216 100.0% 17.80 2115 Linwood Avenue Fort Lee, NJ 68,000 59,410 87.4% 24.33 VN 600 Horizon Drive (2) Hamilton, NJ 95,000 95,000 100.0% 24.23 101 Wood Avenue S Iselin, NJ 262,841 262,841 100.0% 32.06 NC 700 Horizon Drive (2) Hamilton, NJ 120,000 120,000 100.0% 32.88 581 Main Street Woodbridge, NJ 200,000 102,544 51.3% 27.83 PO 100 Overlook Center Princeton, NJ 149,600 134,033 89.6% 31.06 333 Thornall Street Edison, NJ 196,128 188,618 96.2% 34.26 PR 5 Vaughn Drive Princeton, NJ 98,500 47,495 48.2% 29.73 343 Thornall Street Edison, NJ 195,709 190,790 97.5% 32.54 R0 One River Center 1 Middletown, NJ 122,594 116,982 95.4% 27.59 150 JFK Parkway Short Hills, NJ 247,476 209,848 84.8% 34.35 RF One River Center 2 Middletown, NJ 120,360 120,360 100.0% 25.66 51 JFK Parkway Short Hills, NJ 260,741 255,495 98.0% 51.64 RH One River Center 3 & 4 Middletown, NJ 214,518 120,164 56.0% 27.86 101 JFK Parkway Short Hills, NJ 197,196 197,196 100.0% 40.66 23 Main Street Holmdel, NJ 350,000 350,000 100.0% 17.35 103 JFK Parkway Short Hills, NJ 123,000 123,000 100.0% 42.41 WH 5 Wood Hollow Road Parsippany, NJ 317,040 317,040 100.0% 25.22 Total Class A Suburban 1,951,091 1,758,094 90.1% $36.29 Total Suburban 4,323,366 3,665,423 84.8% $27.43 Total Core Portfolio (1) 11,158,650 9,634,537 86.3% $33.84 Flex Park Portfolio 3,491,612 3,195,006 91.5% $18.37 Excludes non-core holdings targeted for sale at 2,460,040 SF; excludes consolidated repositionings taken offline totaling 513,101 SF. Total consolidated office portfolio of 17,623,403 SF. 700 Horizon Drive is under contract for sale and 600 Horizon Drive has an executed purchase and sale agreement. Includes annualized base rental revenue plus escalations for square footage leased to commercial and retail tenants only. Excludes leases for amenity, parking and month-to-month tenants. Annualized base rental revenue plus escalations is based on actual December 2017 billings times 12. For leases whose rent commences after January 1, 2018 annualized base rental revenue is based on the first full month’s billing times 12. As annualized base rental revenue is not derived from historical GAAP results, historical results may differ from those set forth above.
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