The Allen Group Promotes Daniel McAuliffe to President of Allen Development of Texas

Dallas, Texas (April 24, 2007) — The Allen Group, a major developer of industrial and office properties across the United States, has promoted Daniel McAuliffe to President of Allen Development of Texas.

In his newly appointed position, McAuliffe will direct The Allen Group’s Texas operations, including managing the development of the Dallas Logistics Hub (“The Hub”), the largest new logistics park under development in North America, with over 6,000 acres master-planned for the construction of 60 million square feet of distribution, manufacturing, office and retail uses.

In November of 2005 McAuliffe joined The Allen Group as Vice President of Development, bringing more than 24 years of diversified commercial real estate expertise. Prior to joining the Company, McAuliffe held long-term executive positions in real estate organizations including Texas Industries, Inc., J.E. Robert Companies and Brookhollow Corporation.

A native Texan, McAuliffe graduated from the University of Texas at Dallas, where he received a B.S. in Finance. He is also a Certified Commercial Investment Member (CCIM) of the Realtors National Marketing Institute, as well as a licensed real estate broker in Texas.

The Allen Group and BNSF Railway Company Execute Purchase Rights Agreement

San Diego, California (April 18, 2007) — The Allen Group, a major developer of logistics parks and commercial properties throughout the United States, announced they have executed an agreement granting BNSF Railway Company (BNSF) the right to purchase land within the Dallas Logistics Hub as the next step in evaluating the possibility of a new intermodal facility at this location.

The agreement was executed and announced last Friday by Edward Romanov, President and Chief Operating Officer of The Allen Group, during the Dallas Logistics Hub Grand Opening Ceremony in front of 1,000 attendees in Southern Dallas County.

Under the terms of the agreement, BNSF has the option to purchase a minimum of 387 up to a maximum of 530 acres of land within the Dallas Logistics Hub for construction of an intermodal facility.  The site under consideration fronts 8,000 feet of BNSF track in the City of Dallas and represents a portion of the 2.5 miles of BNSF track frontage located within the Dallas Logistics Hub.

“We are pleased to finalize this agreement providing BNSF Railway the opportunity to possibly extend its intermodal network with a facility at the Dallas Logistics Hub,” said Edward Romanov, President and Chief Operating Officer of The Allen Group. “If BNSF uses its option and constructs an intermodal facility here, it would be the first logistics park in North America to house two intermodal facilities operated by the two largest U.S. freight rail carriers.”

The Dallas Logistics Hub, developed by The Allen Group, is a 6,000 acre master-planned logistics park located in Southern Dallas County. With 60 million square feet of development potential and comprehensive rail-ground-air access, the Dallas Logistics Hub will serve as a major inland port for the distribution of goods to the major population centers of the Central and Eastern United States.

The Allen Group Kicks Off the Dallas Logistics Hub with Grand Opening Event

DALLAS, TX. (April 13, 2007) — The Allen Group, a major developer of commercial properties across the United States, hosted a grand opening ceremony for its Dallas Logistics Hub on Friday, April 13, 2007, at the Lancaster Municipal Airport, located in Lancaster, Texas.  More than 1,000 international, federal, state and local dignitaries, community and business leaders were in attendance for the Texas-style celebration. The event included guided helicopter tours of the logistics park, highlighting the advantages of what is some of the most extensive rail and highway infrastructure in the country.

The Dallas Logistics Hub (“The Hub”) is the largest new logistics park under development in North America, with over 6,000 acres master-planned for the development of 60 million square feet of distribution, manufacturing, office and retail uses.  Given its unmatched intermodal rail and highway access, The Hub positions Dallas as the premier trade hub in the Southwestern United States and will serve as the primary gateway for the distribution of goods to the major population centers throughout the Central and Eastern United States.

During the event, The Allen Group announced development plans for two industrial buildings to begin vertical development of the project.  Totaling 640,000 and 210,000 square feet, respectively, construction of the two new spec buildings will commence in June and be completed by year-end 2007.  The Hub master plan will include warehouse and distribution facilities, light manufacturing, and retail support services, business-class hotels, restaurants, as well as single- and multi-family housing.

“We are extremely proud to announce the opening of the Dallas Logistics Hub today,” said Richard Allen, Chief Executive Officer of The Allen Group.  “The Hub will be a significant factor in the international flow of Asian goods from the U.S. and Mexican ports and into the population centers of the Midwest and east coast of the United States.”

Slated to become one of the biggest economic engines for Northern Texas, the Dallas Logistics Hub is projected to create 31,000 new direct jobs plus 32,000 new indirect jobs.  The Hub is also expected to increase the tax base for the municipalities of Dallas, Lancaster, Wilmer and Hutchins by $2.4 billion.  The economic impact of facility construction and employment for operation within The Hub from 2006 through 2035 is projected to be $68.85 billion.

“Texas has led the nation for the past five years in export revenues, totaling more than $150 billion in revenues last year alone,” said Texas Secretary of State Roger Williams, who was in attendance.  “The new Dallas Logistics Hub opens this region up for even greater opportunities and helps us further solidify and expand our presence throughout the global economy.”

Also among the list of distinguished speakers were Deputy Administrator of the U.S. Department of Transportation’s Maritime Administration Julie Nelson, U.S. Congresswoman Eddie Bernice Johnson, Dallas County Commissioner Maurine Dickey, Dallas Mayor Laura Miller, Lancaster Mayor Joe Tillotson, Hutchins Mayor Artis Johnson, Wilmer Mayor Don Hudson, President of the Greater Dallas Chamber of Commerce Jan Hart Black, as well as Richard Allen, CEO of The Allen Group and Edward Romanov, President and COO of The Allen Group.

“As the U.S. continues strong trading partnerships with China and Pacific Rim countries, the Dallas Logistics Hub will become a key component of how goods are distributed throughout our hemisphere,” said U.S. Congresswoman Eddie Bernice Johnson.  “The Hub’s central location and proximity to major trade routes through Mexico and the Midwestern and Eastern United States strategically position Dallas to thrive and take advantage of the international shifting of trade patterns.”

The Allen Group’s Dallas Logistics Hub 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 and the future Loop 9/Trans-Texas Corridor) and Lancaster Airport, which is in the master-planning stage to facilitate air-cargo distribution.  The Dallas Logistics Hub is a key component of the NAFTA infrastructure and will serve as a major “inland port” bringing products for regional and national distribution from the Ports of L.A./Long Beach, Houston, and the new deep-water ports in western Mexico.

Dallas Logistics Hub Grand Opening Set for April 13

Logistics Park To Become North America’s Newest Inland Port
Transforming the Region into a Major Hub for Goods Movement in the U.S.

DALLAS, TX. (April 9, 2007) — The Allen Group, a major developer of commercial properties across the United States, will host a grand opening ceremony for the Dallas Logistics Hub on Friday, April 13, 2007, from 10 a.m. to 12 p.m. at the Lancaster Municipal Airport at 730 Ferris Road in Lancaster, Texas.

The Dallas Logistics Hub (the “Hub”) is the largest new logistics park under development in North America, with 6,000 acres master-planned for the development of 60 million square feet of distribution, manufacturing, office and retail uses. The Hub also has the potential to be the first logistics park with two intermodal facilities serviced by the two largest freight carriers in the United States. Union Pacific Railroad currently operates a 360,000 lift per year intermodal terminal adjacent to the Hub, with BNSF Railway Company evaluating a potential site on the western side of the project.

The Hub’s unique intermodal, rail and highway access positions Southern Dallas County as the premier trade hub in the Southwestern United States and will serve as the gateway for the distribution of goods to the major population centers throughout the Central and Eastern United States.

Slated to become one of the biggest economic engines for North Texas, the Dallas Logistics Hub, at full build-out, will create approximately 31,000 direct and 32,000 indirect jobs and increase the tax base for the communities of Dallas, Lancaster, Wilmer and Hutchins by $2.4 billion.

Speakers at the event include:

• Deputy Administrator of the U.S. Department of Transportation’s Maritime Administration Julie Nelson,
• U.S. Congresswoman Eddie Bernice Johnson,
• Texas Secretary of State Roger Williams,
• State Representative Helen Giddings,
• Dallas County Commissioner Maurine Dickey,
• Dallas Mayor Laura Miller,
• Lancaster Mayor Joe Tillotson,
• Hutchins Mayor Artis Johnson,
• Wilmer Mayor Don Hudson,
• President of the Greater Dallas Chamber of Commerce Jan Hart Black,
• Richard Allen, CEO of The Allen Group and
• Edward Romanov, President and COO of The Allen Group

Many international, federal, state and local dignitaries, community and business leaders are expected to attend. Attendees will have access to helicopter tours of the Hub showcasing the most sophisticated intermodal, rail and highway infrastructure in the country.

The Allen Group will also announce construction plans on initial vertical developments at the Dallas Hub during the event.

The Allen Group Facilitates Launch of Texas Business Opportunity Workforce Development Center

LANCASTER, TEXAS (March 22, 2007) — The Allen Group, a major developer of commercial properties across the United States, today announced a collaboration between the Federal Highway Administration (FHWA), the Texas Department of Transportation Cedar Valley (TxDOT) and Cedar Valley College to launch the first-ever construction training program for disadvantaged businesses in Texas. Named the Texas Business Opportunity Workforce Development Center (TBOWD), the program aims to enhance career opportunities in the construction industry among disadvantaged populations.

The Texas Business Opportunity Workforce Development Center is the first of its kind in Texas. It provides construction trainees with on-the-job training and supportive services as well as comprehensive training and technical assistance to Disadvantaged Business Enterprises (DBE’s) in the Dallas, Lancaster and surrounding communities.

J.D. Dossett, director of TxDOT’s Business Opportunity Program Office in Austin said the goal of the center is to increase the number of minorities participating in the highway construction industry as entrepreneurs and journeymen. “Programs such as the TBOWD and partnerships with Cedar Valley College provide information on contract opportunities,” said Dossett. “It also enhances business development skills by making technical industry and business development training available to a larger number in the construction industry.”

The Allen Group, which had the vision for the creation of such a project, brought all three organizations together to make the program a reality. A kick-off event will be held on March 22, 2007 at the Cedar Valley College campus (Performance Hall), 3030 North Dallas Avenue, in Lancaster.  The event will include remarks from federal, state and local transportation officials and state and local dignitaries as well as a ribbon-cutting ceremony.

“We are committed to creating opportunities for the Lancaster and Dallas/Fort Worth communities and in supporting the Cedar Valley College to develop a workforce that can take advantage of the thousands of highly trained jobs that the Dallas Logistics Hub will bring to the community,” said Leslie Jutzi, The Allen Group’s Director of Government Affairs and Community Relations. The Allen Group is developing the Dallas Logistics Hub, the largest new logistics park in North America with 6,000 acres master-planned in Dallas, Lancaster, Wilmer, and Hutchins.

“We are so grateful to The Allen Group for having the idea for creating such a project, as well as for the support from the FHWA, TxDOT and public officials who worked to make it a reality,” said Dr. Jennifer Wimbish, Ph.D., President of Cedar Valley College. “This program is one of many partnerships the college is working on to develop the skills necessary to increase opportunities for our students and members of the community.”

In year two of the TBOWD program, up to 10 senior-level students from the Lancaster Independent School District may participate in the School-to-Work initiative, which will develop construction trade skills among interested high school students.

The Allen Group Announces Event Details for the Dallas Logistics Hub Grand Opening Ceremony

San Diego, CA (March 15, 2007) — The Allen Group, a major developer of commercial properties across the United States, has rescheduled its Grand Opening Ceremony for the Dallas Logistics Hub at the Lancaster Municipal Airport on Friday, April 13, 2007. Executives from The Allen Group will be joined by Texas Secretary of State Roger Williams, U.S. Congresswoman Eddie Bernice Johnson, and several other state and local dignitaries, community and business leaders for a Texas-style barbeque celebration. The event will also feature personalized helicopter tours of the property – showcasing the site’s immediate rail, intermodal and highway infrastructure.

WHAT:
Grand opening ceremony for the Dallas Logistics Hub, the premier logistics park in North America

WHO:
Texas Secretary of State Roger Williams
U.S. Congresswoman Eddie Bernice Johnson
Mayor of Dallas, Laura Miller
Mayor of Lancaster, Joe Tillotson
Mayor of Hutchins, Artis Johnson
Mayor of Wilmer, Don Hudson
Richard Allen, Chief Executive Officer, The Allen Group
Edward Romanov, Jr., Chief Operating Officer, The Allen Group
State and local dignitaries
Community and business leaders

WHEN:
Friday, April 13, 2007
10:00 a.m. – 12:00 noon
12:00 noon – 2:00 p.m. (Lunch & Helicopter tours)

WHERE:
Lancaster Municipal Airport
730 Ferris Road
Lancaster, Texas

The Dallas Logistics Hub is the largest new logistics park under development in North America, with 6,000 acres master-planned for the potential development of 60 million square feet of 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/Trans-Texas Corridor) and Lancaster Airport, which is in the master-planning stages to facilitate air-cargo distribution. The Dallas Hub, which spans across the communities of Dallas, Lancaster, Wilmer and Hutchins, is a key component of the NAFTA infrastructure and will serve as a major “inland port” bringing products from the Ports of L.A./Long Beach and Houston, as well as the western deep water ports in Mexico for regional and national distribution.

William Crandall Joins The Allen Group to Lead Kansas City Practice and Development of the New Logistics Park in Gardner, KS

San Diego, CA (March 5, 2007) — The Allen Group, a major developer of industrial and office properties across the United States, has named Kansas City native William F. Crandall, President of Allen Development of Kansas.

In his new position, Crandall will have management responsibility of The Allen Group’s Kansas City office including overseeing the development of the Kansas City Logistics Hub, managing development of Applebee’s new Support Center and Andrews McMeel Universal’s headquarters. In addition, Crandall will lead the local practice and capitalize on other real estate opportunities throughout the entire metropolitan area.

“The Kansas City Logistics Hub will be one of the biggest economic development projects in the State of Kansas to date,” said Richard S. Allen, Chief Executive Officer of The Allen Group.  “With a project of this magnitude, it was imperative that our Company to recruit a local individual with a strong community presence, exceptional experience and a wealth of knowledge about the industry.”

“The Allen Group is recognized as a national leader in the development of logistics parks – providing real estate solutions for companies’ logistics and space needs,” said William Crandall. “I am excited to become a part of this talented organization and lead this effort, as the new intermodal logistics park will become one of the premier inland ports in the U.S.”

Crandall will also be responsible for working directly with the BNSF Railway Company while also coordinating efforts with local, county and state officials for entitlements and annexation.  The Allen Group will be setting up their Kansas City Operations near the project in Gardner, KS.

Prior to joining The Allen Group, Crandall served as President of Crandall +Company, a real estate consulting firm dedicated to providing project oversight services to institutional and corporate clients.  In a prior role with Zimmer Real Estate Services, Inc., he acted as the Master Developer for Village West, a 400-acre development located within the Kansas City Tourism District; which led the successful negotiation of over 1.5 million square feet of retail development which has resulted in over a half a billion dollars a year in sales; Crandall led the team which completed the management of Sprint World Headquarters Campus, a one billion dollar, four million square foot corporate campus.

Crandall earned a Bachelor degree in Architecture and one in Environmental Design from the University of Kansas, as well as a Masters of Business Administration from the University of Chicago.  Additionally, he is a member of the Counselors of Real Estate and currently holds board positions with Kansas City, Kansas Chamber of Commerce; and Providence Health System. He also serves on the board of two local civic organizations including the First Tee of Kansas City and Friends of the Zoo.

WorkflowOne to Lease 118,000 Square Feet of Distribution Space at MidState 99 Distribution Center

MidState Hayes Buildings #2 and #3 now fully occupied

VISALIA, CA (January 21, 2007) — The Allen Group, a major developer of industrial and office properties across the United States, today announced that it has leased space in the MidState Hayes Building #2 to WorkflowOne, a leading provider of document and business process outsourcing services. The 10-year lease covers 118,000 square feet of warehousing and distribution space at the MidState 99 Distribution Center on the northwest corner of Plaza Drive and Ferguson Avenue in Visalia, Calif.

“The new business service center in Visalia will help WorkflowOne offer improved services to our West Coast customers,” said Douglas Burnham, Senior Director of Distribution SEervices. “In addition to increased inventory capacity, it enables us to provide one-day shipping to virtually all of California.” WorkflowOne offers a wide variety of print and promotional products, as well as fulfillment and distribution services, to organizations of all sizes across the United States.

The MidState 99 Distribution Center is strategically located in the heart of Calif.  With direct access to Highway 99, the state’s major trucking corridor, companies located at MidState 99 have the distinct advantage of being able to access both northern and southern California.

“MidState 99 is unlike any other distribution and manufacturing site in the state,” said Harve Filuk, Vice President of Development, California, The Allen Group.  “Companies located at MidState 99 tactically benefit from the ability to efficiently serve 98 percent of California overnight via next-day UPS Ground service, which is nearly impossible from other distribution site locations.”

The tenant signing of WorkflowOne will result in MidState Hayes Buildings #2 and #3 being 100 percent occupied.  Filuk notes that the Company is already in the planning stages for the next speculative buildings at MidState Business Park, with hopes to begin construction this summer.

The Allen Group Names Harve Filuk Vice President of Development for California

SAN DIEGO (January 10, 2007) — The Allen Group, a major developer of industrial and office properties across the United States, today announced Harve Filuk as vice president of development for California.

Filuk has been with the Company since 1999. Previously, he was director of development for southern California, managing the Company’s various commercial developments in San Diego.

In this expanded role, Filuk will manage the Company’s commercial development and leasing activities throughout California including: Kelly Corporate Center III, a Class A office project in Carlsbad; International Trade & Transportation Center, a 700-acre Class A industrial park in Shafter; MidState 99 Distribution Center, a 480-acre Class A industrial park in Visalia; River Plaza, a Class A office for-sale project in Sacramento; FKM Joint Venture, a retail and mixed use project in Bakersfield; and Bakersfield Airport Project, a retail and mixed use development in Bakersfield.

“Harve’s longstanding track record with The Allen Group, combined with his industry expertise in the commercial and industrial real estate industries ensures the continued growth and success of the Company’s California developments,” said Richard S. Allen, chief executive officer of The Allen Group.

For more than two decades, Filuk has been involved in commercial real estate development, investment and asset management, principally in the San Diego market. Some of the major office projects he’s overseen for The Allen Group include Diamante Del Mar, Kelly Corporate Center and the Wateridge Technology Center.

Prior to joining The Allen Group, Filuk was senior vice president and general partner of Mission West

Properties, a California-based real estate development company. In that capacity, he was responsible for all aspects of the development, financing, construction, leasing and management of several million square feet of multi-tenant office, industrial and build-to-suit properties. For Mission West’s predecessor company, Filuk managed more than 75 properties, valued in excess of $100 million, throughout the western and southwestern United States.

A graduate of San Diego State University, Filuk resides in Del Mar, Calif.

Walco International Inc. to Lease 68,000 Square Feet of Distribution Space in Visalia, Calif.

The company is consolidating its Tulare and Fresno operations in a new state-of-the-art distribution center in Visalia.

“Walco International is the largest animal health product distributor in North America, and Visalia provides a strategic location for the distribution of our products throughout the West Coast,” said Mark Gray, Vice President of Operations.

“We are pleased to provide lease space for Walco’s strategic distribution needs,” said David Hernandez, Director of Commercial Construction for The Allen Group’s Central California operations. “Visalia’s industrial market has seen ongoing development and leasing activity due to advantages of lower costs, a strong workforce, and a centralized distribution location — reaching over 35 million people along the West Coast.”

Walco is the largest food AHP distributor in North America, with over 60 locations in the United States and Canada. Walco purchases products such as pharmaceuticals, biological, feed additives, equipment and instruments from virtually all major United States-based manufacturers, and markets the products to commercial food animal producers, dairy operators, veterinarians, retail dealers and retail customers. The Company also distributes products for companion animals (i.e., pets) such as dogs, cats and horses, to veterinarian owners and retail dealers.