1996
March

• Sale of 15 Essex Road, Paramus, NJ, and simultaneous acquisition of 103 Carnegie Center, Princeton, NJ.

April

• 73,200 square-foot lease signed at the International Financial Tower, Jersey City, NJ.

May

• Acquisition of Rose Tree Corporate Center, Media, PA, for $28.1 million.

July

• Acquisition of 222 and 233 Mt. Airy Road, Basking Ridge, NJ, for $10.5 million.

August

• Spot equity offering raises $79.8 million.

September

• Cash dividend increases by 6%.
• Announcement of acquisition of Harborside Financial Center, Jersey City, NJ.

November

• Completion of Harborside acquisition for $292.7 million.
• Acquisition of Five Sentry Parkway, Plymouth Meeting, PA, for $12.5 million.
• Equity offering raises $466.9 million.

December

• Completion of construction of two office/flex buildings in Totowa, NJ.
• Acquisition of Whiteweld Centre, Woodcliff Lake, NJ, for $35.1 million.
• Acquisition of One Bridge Plaza, Fort Lee, NJ, for $26.9 million.
• Acquisition of Airport Business Center, Lester, PA, for $43.2 million.

1997
January

• Announcement and completion of Robert Martin transaction for $450 million.
• Acquisition of an additional office/flex property at Monmouth Shores Corporate Park for $6.8 million.