The Allen Group Receives Approvals on Development Agreements & Infrastructure Funding by the City of Gardner & Johnson County for Logistics Park Kansas City

GARDNER, Kansas (September 26) — The Allen Group, one of the nation’s leading Inland Port development companies, received final approval on Thurs., Sept. 25, from the Johnson County Board of Commissioners for a public infrastructure Plan of Finance supporting the new intermodal and logistics park development. This came on the heals of the City of Gardner’s approval of the same Plan of Finance, Annexation and Development Agreements supporting the creation of Logistics Park Kansas City (LPKC).

The Annexation and Development Agreements, in combination with the public infrastructure Plan of Finance, set forth three separate stages of public infrastructure improvements totaling approximately $52 million. The first stage of improvements will include $14 million to connect 191st Street to Interstate 35 allowing the first 200 acres to be developed.  Construction for the road improvements on 191st Street will begin in early 2009. The State of Kansas has also made an initial commitment of $3 million to improve the existing Gardner Road and Interstate 35 Interchange. A new interchange is planned by Kansas Department of Transportation (KDOT).

“This was an important milestone in the development of Logistics Park Kansas City,” said Bill Crandall, President of The Allen Group’s Kansas City operations.  “With all local regulatory requirements completed, this will allow us the opportunity to create development ready-sites to meet what we believe is pent-up demand for modern distribution and warehouse facilities in southern Johnson County, Kansas.”

Logistics Park Kansas City is a 600 acre Inland Port logistics park separate from, but adjacent to, the future BNSF Intermodal Facility in Gardner, Kansas.  At full build-out, the park will have more than 7.1 million square feet of LEED certified distribution and warehouse facilities, creating over 7,000 new direct and indirect jobs and providing a one billion dollar economic impact for the State of Kansas.

For more information about The Allen Group and Logistics Park Kansas City, please visit www.allengroup.com.

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*Editor’s note: High-resolution photos and renderings of Logistics Park Kansas City are available upon request.

The Allen Group
The Allen Group, one the nation’s fastest growing privately held commercial development firms, specializes in  high-end industrial, office, retail and mixed-use properties throughout the United States.  The Company’s major focus is the development of Logistics Parks and Inland Ports, which are adjacent to some of the most sophisticated rail, intermodal and highway infrastructure in the country. The Allen Group developed a wide range of commercial projects ranging in size up to 1.7 million square feet and currently has more than 8,000 acres under development across the United States.  The Allen Group is based in San Diego with regional offices in Visalia, Bakersfield (Calif.), Dallas and Kansas City. For more information about the Company, please visit www.allengroup.com.

The Allen Group Hosts Official Groundbreaking
Ceremony for ADESA

The First Build-to-Suit Tenant at the Dallas Logistics Hub

DALLAS, TX. (August 27, 2008) — The Allen Group, developer of the Dallas Logistics Hub, will hold a groundbreaking ceremony for ADESA’s new state-of-the-art auto auction facility on Tuesday, September 9, 2008 at 2:00 p.m. The build-to-suit facility will be located on 175 acres within the City of Hutchins. The property will house three buildings totaling approximately 196,000 square feet of space for an auction arena, administrative and financial offices and reconditioning facilities. Below is further information about the event:

WHAT:           Groundbreaking Ceremony

WHO:             Artis Johnson, Mayor, City of Hutchins
Richard S. Allen, Chief Executive Officer, The Allen Group
Daniel J. McAuliffe, President, Allen Development of Texas
Tom Caruso, Chief Operating Officer, ADESA
Warren Byrd, Executive Vice President of Corporate Development,
ADESA Pat Stevens, Regional Vice President, Western Region,
ADESA

WHEN:           Tuesday, September 9, 2008
2:00 p.m. – 3:00 p.m. (Program)

WHERE:         ADESA Construction Site
3501 Lancaster-Hutchins Road
Hutchins, Texas 75141
(Directions: See Attached Map)

VISUALS:       State & Local Elected Officials
Ceremonial Shovel Dig
Construction Site
Construction Equipment & Trucks

ADESA offers a full range of auction, reconditioning, logistical and other vehicle-related services to meet the remarketing needs of both its institutional and dealer customers. With 62 auction locations in the United States, Canada and Mexico, strategically located near metropolitan areas with a large concentration of used vehicle dealers, the company is well positioned to host both physical and Internet auctions. Through its related subsidiaries of AutoVIN® and PAR North America, it is also able to provide additional services including inspections, inventory audits and remarketing outsourcing solutions including a network of repossession agents, titling and auction sale representation.

The Dallas Logistics Hub is the largest new logistics park in North America with 6,000 acres master-planned for up to 60 million square feet of vertical space for distribution, manufacturing, office and retail uses.  This premiere logistics facility is adjacent to Union Pacific’s Southern Dallas Intermodal Terminal, a potential BNSF intermodal facility, four major highway connectors (I-20, I-45, I-35, Loop 9) and the Lancaster Airport, which is in the master-planning stages to facilitate air-cargo distribution.

The Allen Group Announces Build-to-Suit Project at the Dallas Logistics Hub

ADESA selects site at Dallas Logistics Hub for a 175-Acre Auto Auction Center

Dallas, Texas — (June 4, 2008) — The Allen Group, developers of the Dallas Logistics Hub, a 6,000-acre multimodal logistics park in Southern Dallas County, announced today that ADESA, a full-range auction, reconditioning, logistical and other vehicle-related services company, has entered into a 20-year lease for a new state-of-the-art auto auction center at the Dallas Logistics Hub.

The build-to-suit facility will be located on 175 acres within the City of Hutchins.  The property will house three buildings totaling approximately 196,000 square feet of space for an auction arena, administrative and financial offices and reconditioning facilities. ADESA projects that the facility will require several hundred full-time and part-time employees once fully operational.

“We are extremely excited to welcome ADESA to The Hub, as they are a great corporate tenant for the community through the creation of jobs, tax revenue and demand for retail and hotel services,” said Daniel J. McAuliffe, President of The Allen Group’s Texas operation. “ADESA has found the location at the Dallas Logistics Hub to be a perfect site for expanding their operations.”

The Allen Group and ADESA have agreed to design, construct and commission the facility as LEED certified.  Construction will commence in a few weeks, and the facility is expected to be operational in summer 2009. Also, the Dallas Logistics Hub’s new speculative industrial buildings are the first two industrial buildings in North Texas to pursue LEED certification in accordance with the standards set by the U.S. Green Building Council’s (USGBC) LEED Certification guidelines (www.usgbc.org).  The Allen Group has committed to maintain the Dallas Logistics Hub as an eco-friendly Inland Port.

The Allen Group Completes Build-to-Suit Facility for International Paper at MidState 99 Distribution Center

VISALIA, CALIF. (May 27, 2008) — The Allen Group announced today that International Paper Company (NYSE: IP), a global Fortune 100 uncoated paper and packaging company, has commenced operations at their new 252,040 square-foot distribution facility at MidState 99 logistics park.  The official ribbon-cutting ceremony will be held Thursday, May 29, 2008 at 11:30 a.m. at their new building in Visalia, California.

The Allen Group will also officially announce the opening of two speculative industrial buildings adjacent to IP’s build-to-suit facility. MidState Hayes Building 5 (139,590 square foot) and MidState Hayes Building 6 (140,700 square feet) are newly constructed warehouse/distribution facilities that are now available for occupancy. The Allen Group will offer walking tours of the industrial buildings, as well as the IP distribution facility, immediately following the ribbon-cutting ceremony.

“Visalia is emerging as one of the prime industrial markets in California’s Central Valley,” said David Hernandez, Director of Construction Services for The Allen Group’s Visalia operations. “Many other Fortune 500 companies are taking advantage of this strategic location which offers a quality workforce, more affordable real estate and transportation costs and the ability to reach over 65 million consumers in a two-day truck turn.”

With the addition of these three new buildings, MidState 99 Distribution Center now has 11 existing buildings totaling over 3 million square feet of space.  Current tenants include VF Corporation, International Paper Company, JoAnn Stores, Coast Distribution Systems, Workflow One, Worms Way, Bound Tree Medical, ORS NASCO and DATS Trucking. Approximately 200 acres of land remain in the park for future build-to-suit opportunities allowing buildings as large as 1 million square feet.

The Allen Group’s MidState 99 Distribution Center is strategically located in the heart of California, offering tenants overnight distribution to 98 percent of California at ground rates through the local UPS regional hub.  This is a distinct logistics advantage only offered in Visalia and not available anywhere else in the State of California. MidState 99 offers direct rail service and is adjacent to State Highway 99, the major north/south trucking corridor in California. For more information, please visit www.midstate99.com.

COMPANY ANNOUNCEMENT

May 16, 2008

PHASE ONE CONSTRUCTION NEARLY COMPLETED AT RIVER PLAZA CORPORATE CENTER

 – Model and Sales Office to Open once Construction is Completed –

 The Allen Group today announced that phase one construction is nearly completed at The River Plaza Corporate Center, located at 2500 River Plaza Drive in Sacramento, Calif.

Phase one consists of six buildings and is slated for completion by June 15, 2008.  One of the first six buildings will be constructed as a model with sales offices

When fully built out, River Plaza Corporate Center will incorporate 12 separate two-story office buildings, ranging in size from 11,000 to 17,000 square feet, in a garden office setting.  Buildings are available for sale individually or as separate first and second floor units, allowing buyers to purchase units as small as 4,500 square feet.  Each building includes a private garage, stair and elevator access, ample on-grade parking and 24-foot vaulted open-beam ceilings with clerestory skylights on the second floor. The site also includes extensive landscaping featuring outdoor eating areas and water features.

Situated on an 11-acre site along the Sacramento River, the project is directly adjacent to the California Farm Bureau headquarters in South Natomas.  River Plaza Corporate Center has immediate access to interstates 5 and 80 and is only minutes from downtown Sacramento and the international airport.

The River Plaza Corporate Center is a joint development between The Allen Group and the California Farm Bureau Federation. The project architect is Smith Consulting Inc. and general contractor is Brown Construction.  The project’s construction lender is Bank of America and the marketing broker is CB Richard Ellis Inc.

For additional information visit www.riverplazacc.com or to inquire purchasing office space please contact marketing brokers Greg Levi or Ken Turton at 916-446-6800

COMPANY ANNOUNCEMENT

BNSF Railway Company Purchases 198 Acres of Land at Dallas Logistics Hub

Dallas, Texas — (May 12, 2008) — The Allen Group today announced the sale of 198 acres of land in the Dallas Logistics Hub (DLH) to BNSF Railway Company (BNSF).  In conjunction with the sale transaction the parties entered into an option agreement giving BNSF the right to purchase an additional 164 acres.

The subject property is located in the cities of Lancaster and Dallas, and provides more than 9,000 feet of rail frontage and represents a portion of the 2.5 miles of BNSF track frontage within the Dallas Logistics Hub.

For more information about the Dallas Logistics Hub visit www.dallashub.com.

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Media Contact

Jon Cross
The Allen Group
Office: 858-764-6800
Cell: 858-525-525-5333
Email: jcross@allengroup.com

COMPANY ANNOUNCEMENT

April 23, 2008

The Allen Group CEO Accompanies Dallas Officials in Ceremony forthe Advisory Council Conference for the Institute of Mexicans Abroad
Richard S. Allen, Chief Executive Officer of The Allen Group, attended the inauguration of the Advisory Council Conference for the Institute of Mexicans Abroad on Tuesday, April 22, 2008 at the Crescent Court Hotel in Dallas, Texas. The Honorable Felipe Calderón, President of Mexico, gave opening remarks to a crowd of local business community representatives and government officials.

The topic of discussion was the importance of trade between Mexico and the United States. Mr. Allen inquired about the compatibility of the Dallas Logistics Hub and NAFTA and the pre-clearance of goods moving from Mexico to the United States. President Calderón confirmed that, in agreement with President Bush, pre-clearance of goods is a priority for each government.

President Calderón was in Texas for a conference of the Institute for Mexicans Abroad, a 125-member advisory council formed by the Mexican government five years ago to strengthen ties between Mexico and its descendants in other countries. The stop in Dallas was a result of Mayor Tom Leppert’s invitation to the president during a January trade mission to Monterrey, Mexico, which Mr. Allen also attended. The purpose of the mission was to promote trade between the twin inland ports, Dallas IIPOD and the Interpuerto.

 For more information about the Dallas Logistics Hub, please visit  www.dallashub.com.

Dallas Logistics Hub Receives Official Foreign Trade Zone Designation

U.S. Department of Commerce designation to provide streamlined customs processing and offer tax benefits

DALLAS, TX (March 11, 2008) — The Allen Group, developers of the Dallas Logistics Hub (The Hub), announced today that part of the 6,000 acre multi-modal logistics park has been included in the expansion of Foreign Trade Zone (FTZ) #39 in Dallas, Texas.

The designation, officially approved in late-February, will enable The Hub’s future customers to streamline shipments both domestically and internationally by deferring and exempting goods from duty, as well as making customs procedures more efficient.

“Not only does the superior rail, intermodal and highway infrastructure adjacent to the Dallas Logistics Hub provide major savings in transportation costs, but the expansion of Zone #39 will provide tenants even more cost saving advantages with regards to merchandise processing fees and deferred duty payments,” said Daniel J. McAuliffe, President of The Allen Group’s Texas operations.

A FTZ provides U.S. importers, especially retail distribution operations, with key supply chain cost-savings through consolidated weekly entries to Customs, reduced duty rates via assembly or pick and pack operations, duty deferral and local tax benefits. A FTZ is a specified site designated by the Foreign-Trade Zone Board and with that designation comes major supply chain velocity improvements over normal importing processes. This designation allows foreign items to enter the Zone and defers duty payments until those items leave the Zone and enter the stream of U.S. Commerce. Items can be processed, repackaged and otherwise manipulated within the Zone prior to their entrance into the U.S. consumer market. Items exported to other countries are not charged a duty.

“This economic incentive will continue to help with business and job growth throughout South Dallas,” said Maurine Dickey, Dallas County Commissioner. “True to Texas form, the expansion of Zone #39 to include the Dallas Logistics Hub has created one of the largest FTZ projects in the country.”

“In addition to excellent transportation infrastructure and supply chain connections throughout North America, the designation of the Dallas Logistics Hub as a FTZ will make it even more attractive to major organizations seeking logistic facilities,” said Curtis Spencer, President of IMS Worldwide.

The Dallas Logistics Hub is adjacent to Union Pacific’s Southern Dallas Intermodal Terminal, a proposed BNSF intermodal facility, four major highway connectors (I-20, I-45, I-35 and Loop 9) and Lancaster Airport, which is in the master-planning stage to facilitate air-cargo distribution. The Hub is also a key component of the NAFTA infrastructure and will serve as a major “Inland Port” by receiving products from the Ports of Los Angles, Long Beach, Houston, and the new deep-water ports in western Mexico for regional and national distribution.

For more information on the Dallas Logistics Hub, please visit the projects interactive website www.dallashub.com.

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*Editor’s note: High-resolution photos and renderings of the Dallas Logistics Hub are available upon request.

The Allen Group

The Allen Group, one the nation’s fastest growing privately held commercial development firms, specializes in high-end industrial, office, retail and mixed-use properties throughout the United States. The Company’s major focus is the development of Logistics Parks and Inland Ports, which are adjacent to some of the most sophisticated rail, intermodal and highway infrastructure in the country. The Allen Group developed a wide range of commercial projects ranging in size up to 1.7 million square feet and currently has more than 8,000 acres under development across the United States. The Allen Group is based in San Diego with regional offices in Visalia, Bakersfield (Calif.), Dallas and Kansas City. For more information about the Company, please visit www.allengroup.com.

The Allen Group Names Ken Howell Chief Financial Officer

SAN DIEGO, Calif. (March 3, 2008) — The Allen Group, one of the nation’s leading developers of Logistics Parks and Inland Ports, today announced the appointment of Ken Howell as Chief Financial Officer. Howell will oversee the Company’s financial operations, including accounting and tax reporting, monitoring financial resources, and securing project financing. He will also develop and implement capital raising initiatives and manage IT systems corporate-wide.

“Ken brings more than 20 years of experience in finance, accounting and real estate to The Allen Group,” said Edward B. Romanov, President and Chief Operating Officer of The Allen Group. “His combination of management and industry experience are an excellent fit to meet our Company’s future financial objectives.”

Prior to joining The Allen Group, Howell previously served as Senior Vice President and Chief Financial Officer at McWhinney, a commercial development company in Northern Colorado. During his tenure, corporate assets grew to include a portfolio of office and industrial buildings, retail centers, hotels, restaurants, apartments and 5,000 acres of land under development.

Prior to McWhinney, Howell served at ESPN Inc. as Vice President of Finance of their $150 million subsidiary based in Charlotte, North Carolina. At ESPN, Howell helped develop the accounting, internal controls, financial reporting and IT systems for the company, which specializes in the marketing, production, and syndication of NCAA collegiate sports, PGA golf, auto racing and NFL football.

Howell also formerly served as Vice President of Finance for Clayton, Williams & Sherwood, Inc., a residential developer and property management company located in Newport Beach, California. He was also a Senior Auditor at Arthur Andersen & Co. in Austin, Texas.

Howell earned his MBA from Duke University and is a graduate of the University of Texas. He is also a certified public accountant.

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*Editor’s note:  A high resolution photo of Ken Howell is available upon request.

About The Allen Group

The Allen Group, one the nation’s fastest growing privately held commercial development firms, specializes in high-end industrial, office, retail and mixed-use properties throughout the United States.  The Company’s major focus is the development of Logistics Parks and Inland Ports that are situated adjacent to some of the most sophisticated rail, intermodal and highway infrastructure in the country. The Allen Group developed over one billion dollars in projects ranging in size up to 1.7 million square feet and currently has more than 8,000 acres under development across the United States.  The Allen Group is based in San Diego with regional offices in Visalia, Bakersfield (Calif.), Dallas and Kansas City. For more information about the Company, please visit www.allengroup.com.

The Allen Group Executives Accompany Dallas Mayor to Promote U.S., Mexico Trade

The Allen Group CEO, Richard Allen, and Leslie Jutzi, Director of Governmental Affairs and Community Relations, recently returned from a trip to Monterrey, Mexico with Dallas government officials and other local business leaders to promote trade between the twin inland ports: Dallas IIPOD and the Interpuerto. As a result of the trip, representatives from Mexico will visit Dallas next month to tour the IIPOD and explore shipments of goods to Mexico via the Lancaster Municipal Airport at the Dallas Logistics Hub.

The trade mission occurred Monday, January 28 through Thursday, January 31 and was led by Dallas Mayor Tom Leppert, Dallas City Council Members Tennell Atkins, Ron Natinsky, Steve Salazar, Pauline Medrano, and Jerry Allen, Dallas Economic Development Director Karl Zavitkovsky, and Dallas Convention & Visitors Bureau Director Phillip Jones.

On the first day of the trip, the group attended a dinner reception with Tony Garza, U.S. Ambassador to Mexico. The following day the group met with Mexico’s Undersecretary of Infrastructure, Oscar de Buen Richkardys; Jaime Chico Pardo, President of Ideal; and Claudia Avila, of the Mexican Industrial Parks Association. That evening they attended a dinner with Marcelo Ebrard, Mayor of Mexico City. On Wednesday, the group held meetings with individuals from American Industries, Grupo Domos and Constructora Garza Ponce. They took a helicopter tour of the State of Nuevo Leon’s Interpuerto with Javier Francisco Alejo, former Ambassador and current Executive Director of INVITE, and Hugo Gonzalez Gonzalez also of INVITE. Following the helicopter tours, they attended a lunch at the Governor’s residence with José Natividad González Parás, Governor of the State of Nuevo Leon. The group also toured Santa Lucia, Monterrey’s Riverwalk, and the renovated steel mill, now museum – the Parque Fundidora, a prime example of the re-use of sustainable materials.

Additional business leaders on the trip included:

• Javier Espinosa, Vice President of HOK

• Ambassador Enrique Hubbard Urrea, Consul General of Mexico in Dallas, Texas

• Al Zapanta, President of U.S.-Mexico Chamber of Commerce

• Steve Hanson, SVP Texas Health Resources

• Kristi Sherrill-Hoyl, Govt. Affairs, Baylor Health System

• Gilbert Aranza, Star Concessions, Ltd.

• Leslie Brand, Supply Chain Solutions, Inc.

• Hector Escamilla, Jr., President DFW 1031, Inc.

• Edwin Flores and Jerome Garza, Dallas ISD Board Member

• Joseph Lopano, EVP DFW Intl. Airport

• Benjamin Muro, Acme Brick Company

• Manuel Rajunov, Thompson & Knight, LLP

• CiCi Rojas, President Greater Dallas Hispanic Chamber of Commerce

• Frank Rosello, Chairman of Greater Dallas Hispanic Chamber of Commerce

• Sarah Carabias-Rush, Greater Dallas Hispanic Chamber of Commerce

• Ann Crew, Mary Kay

• Rosy Guerra, Mary Kay Mexico

For more information about the Dallas Logistics Hub, please visit the Web site www.dallashub.com.