Recent Lease Renewals represented by CresaPartners in the Airport Submarket Total 161,000 Square Feet

Press Release, June 28, 2010

ATLANTA – CresaPartners, the largest tenant representation firm in North America, recently assisted four industrial companies in lease renewals totaling more than 161,000 square feet in the Airport Submarket of Atlanta. Ed Riggins, Executive Vice President of CresaPartners Atlanta represented TricorBraun, Atlanta Customs Brokers and International Freight Forwarders, Inc., Tri Tool, Inc., and D.J. Powers Co., Inc. in separate lease transactions.

While the four companies are not related except for proximity to Hartsfield-Jackson Atlanta International Airport, the businesses decided to renew leases at their current locations rather than relocating. In each case, the decisions were facilitated by rental rate reductions which ranged from 14% to 41% of the previous rates. In the Airport submarket, the industrial vacancy rates for Class B and Class C properties have been reported by CoStar at 16% - 17%.

CresaPartners negotiated lease renewals in the Airport Submarket for the following:

TricorBraun – 125,000 square feet at 260 Southfield Parkway, Forest Park, GA 30297; DCT Industrial, represented by Tommy Hughes, Hughes Commercial Real Estate

Atlanta Customs Brokers and International Freight Forwarders, Inc. – 10,200 square feet at 650 Atlanta South Parkway, Suite 104, College Park GA 30349; AMB Property Corporation represented by Charlie Fiveash

Tri Tool, Inc. – 12,746 square feet at 4694 Aviation Parkway, Suite S, Atlanta GA 30349; ProLogis represented by Brian Cardoza

D.J. Powers Co., Inc. – 13,476 square feet at 4777 Aviation Parkway, Suite O, Atlanta GA 30349; ProLogis represented by Brian Cardoza

“In each case, we thoroughly analyzed the financial impact of lease renewal versus relocation,” said Ed Riggins, Executive Vice President with CresaPartners. “Two of the four clients wanted to maintain their current square footage and the other two looked seriously at downsizing. However, with the present market favoring tenants rather than landlords, they ultimately elected to pay lower rents in their existing locations rather than incur moving expenses.”

About CresaPartners
CresaPartners is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Relocation Planning and Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Lease Administration, Capital Markets, Sustainability, Supply Chain and Facilities Management. With more than 50 offices, CresaPartners is the largest tenant representation firm in North America. Internationally, CresaPartners covers more than 125 locations in 35 countries. For more information, visit www.cresapartners.com.