MEPT

IN JANUARY, MEPT ACQUIRED RENO INDUSTRIAL CENTER LAND FOR $10.3 MILLION
in Reno, Nevada. The 104 acres of developable land is located in the Tahoe Reno Industrial Center (TRIC), where MEPT acquired USA Parkway Distribution Center I and II in December 2007. MEPT purchased the land to serve as expansion space for tenants at USA Parkway Distribution Center

MEPT ACQUIRED 20 NORTH CLARK STREET FOR $58.9 MILLION IN FEBRUARY.
The 383,030 square foot office building is located in Chicago’s Central Loop submarket with easy access to multiple public transportation alternatives, including the elevated train, suburban and commuter rail lines, and numerous bus lines.

Trammell Crow acquires 104 acres in Tahoe-Reno Industrial Center
Trammell Crow Company has acquired 104 acres of land within the Tahoe-Reno Industrial Center in McCarran, Nev., on behalf of Multi-Employer Property Trust (MEPT), a commingled real estate equity fund.

Strong capital helps venture win 20 N. Clark
A joint venture between local developer Hamilton Partners and a giant pension fund paid nearly $59 million for 20 N. Clark St., a nondescript office tower in the Central Loop, in a deal that reflects the strength of well-financed buyers amid the long, drawn-out credit crisis.

Booz Allen Hamilton Inc. Signs Five-Year Lease
Booz Allen Hamilton Inc., a McLean, VA-based consulting company, has signed a five-year lease for 11,584 sf at Columbia Center I. The deal bumps occupancy to 94%.


	VALUE \| JOB CREATION \| UNION LABOR REQUIREMENT

Value

MEPT believes that its commitment to union labor ensures that its newly constructed projects are built with the highest-quality craftsmanship in a given market, since training for most union workers consists of years of apprenticeship programs, classroom and jobsite training, worksite safety training, and ongoing journeyman training. Additionally, MEPT projects are routinely completed on-time and within budget, as a result of the skilled and well-trained union contractors responsible for each project. Consequently, MEPT assets consistently outperform the competition.

MEPT invests in new construction projects built using 100% union labor in order to add value through development, redevelopment, and acquiring core properties by building them at or below replacement cost. By capturing value relatively early in the life of the asset, MEPT's portfolio produces strong and stable current income. Job creation is a collateral benefit of the MEPT strategy.

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