Alexander's Inc is incorporated in Delaware. It is a real estate investment trust, engaged in leasing, managing, developing and redeveloping its properties. It has seven properties in the greater New York City metropolitan area, namely 731 Lexington Avenue, Rego Park I, Rego Park II, Paramus, and Flushing. 731 Lexington Avenue, a 1,311,000 square foot multi-use building, comprising the entire square block bounded by Lexington Avenue in Manhattan. Rego Park I, is a 343,000 square foot shopping center, located on Queens Boulevard and 63rd Road in Queens. Rego Park II, a 609,000 square foot shopping center, adjacent to the Rego Park I shopping center in Queens. Paramus is located at the intersection of Routes 4 and 17 in Paramus, New Jersey, consists of 30.3 acres of land that is leased to IKEA Property, Inc. Flushing is a 167,000 square foot building, located at Roosevelt Avenue and Main Street in Queens, that is sub-leased to New World Mall LLC for the remainder of its ground lease term. The Company is managed by, and its properties are leased and developed by, Vornado Realty Trust. It competes with a number of property owners and developers. The Company's operations and properties are subject to various federal, state and local laws and regulations concerning the protection of the environment including air and water quality, hazardous or toxic substances and health and safety.