300 TICE BOULEVARD, WOODCLIFF LAKE, NJ INSET: WESTLAKES OFFICE PARK, BERWYN, PA  the expansion needs of two existing tenants. During the year we also started and  completed a 95,000 square-foot, build-to-suit office property for Verizon New Jersey at our Horizon Center Business Park in Hamilton Township, New Jersey. Verizon leased the entire property for 10 years to consolidate its operations and plans to employ up to 700 people at the facility. 0 20 40 Future development opportunities exist with “smart growth” initiatives in New Jersey involving the redevel- opment of existing assets and development focused in our cities. Projects we are currently pursuing along these  lines include a transit village in Matawan, New Jersey, in which our team will redevelop the area surrounding a downtown train station; and “Meadowlands Xanadu,” a 4.76 million square-foot mixed-use project to redevelop the Continental Airlines Arena site in East Rutherford, New Jersey, in a partnership with the Mills Corporation. 5 At Harborside Financial Center on the Jersey City waterfront, we completed  three major development projects in 2002. The transformation of this premier  “city within a city” has been stunning. Two office buildings totaling 1.6 million square feet, Harborside Financial Center Plaza 5 and Plaza 10, commenced operations during the year, bringing the office component at Harborside to six buildings totaling  3.7 million square feet. The Hyatt Regency Jersey City on the Hudson, a joint venture project, was completed on Harborside’s south pier, bringing invaluable full-service hotel and conference facilities to our tenants and other businesses along the waterfront. Luxury apartments, being built by another developer on Harborside’s north pier, are scheduled for a 2003 completion. 96.6% 96.5% 96.8% 94.6% 92.3% 98  99  00  01  02 Strong Occupancy Rates  (% of portfolio leased at year-end)