The Allen Group Contracts Firm to Design Wintergreen Overpass

Dallas, Texas (November 6, 2006)— The Allen Group, a major developer of office and industrial properties across the United States, has awarded Kimley-Horn & Associates the contract for the design and engineering of the Wintergreen Road Overpass in South Dallas County. The Wintergreen Road Overpass is a grade separation bridge that will span the Union Pacific Railroad’s main-line track at the north end of the UP’s new Southern Dallas Intermodal Terminal and re-establish ingress and egress to a major portion of the City of Hutchins.

The Wintergreen Road Overpass, originally funded through the efforts of Congresswoman Eddie Bernice Johnson, will improve public safety, ease strain on the area’s transportation system and facilitate economic development in and around the City of Hutchins. The Minority and Women Business Enterprises (MWBE) participation rate under this contract is 51% of the total design fees for the Wintergreen Overpass project. Additionally, The Allen Group is donating $1.7 million in right of way and services towards completion of this project.

“We are proud to be able to participate in the funding and construction of this project. It further demonstrates our commitment to be a responsible corporate citizen and neighbor in South Dallas County,” said Dan McAuliffe, Vice President of The Allen Group. “Most of all, we are pleased to demonstrate our MWBE program commitment by executing a contract with very substantial minority business participation.

This Project is a result of broad community, private and public sector participation and support, led by Congresswoman Eddie Bernice Johnson, and other stakeholders in Dallas County, including the North Central Texas Council of Governments, Union Pacific Railroad, the cities of Hutchins and Wilmer, and The Allen Group.

“I am delighted to see work begin on this Project,” said Congresswoman Eddie Bernice Johnson. “It is something I have worked on for a very long time and I am pleased to see the project finally under development. This new bridge will help restore critical circulation patterns within our community and is part of the initial infrastructure needed for the planned industrial development which will create much needed jobs in the city of Hutchins and the surrounding communities.”

Engineering and design, the first phase of the project, is expected to be completed within eight months and construction is slated to begin immediately thereafter. The construction of the overpass will be managed by Dallas County.

The Allen Group and BNSF Railway Company are Negotiating for a Site Option at the Dallas Logistics Hub

San Diego, California (November 03, 2006) — The Allen Group, a major developer of logistics parks, industrial and office properties throughout the United States, announced today that it is working with BNSF Railway Company (BNSF) to secure an option for the purchase of several hundred acres within the Dallas Logistics Hub for the potential construction and operation of an intermodal facility.

The Site under consideration fronts on 8,000 lineal 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. The option term would be for a period of 18 months, during which time BNSF would conduct due diligence and market analysis for the feasibility of the potential intermodal facility.

“We are very pleased to be working with BNSF to offer this site within the Dallas Logistics Hub for the potential expansion of their intermodal network,” said Richard Allen, Chief Executive Officer of The Allen Group.

A subsidiary of Burlington Northern Santa Fe Corporation (NYSE:BNI), BNSF Railway operates one of the largest North American rail networks with about 32,000 route miles in 28 states and two Canadian provinces. The BNSF Railway is among the world’s top transporters of intermodal traffic.

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 Completes Construction of Kelly Corporate Center IV Office Building in Carlsbad, California

SAN DIEGO, CA (November 1, 2006) — The Allen Group, a major developer of industrial and office properties throughout the United States, announced the completion of the 75,165 square foot Kelly Corporate Center IV office building in Carlsbad, Calif. Approximately 41% percent of the office building has been pre-leased; tenants include Grubb & Ellis, Comerica Bank, Merrill Lynch and Old Republic Title.

The $25-million building is strategically located east of Interstate 5 at the intersection of Palomar Airport Road and Aviara Parkway/College Blvd. (A building photo is available to media on request.)

The three-story, Class A office building, with exterior stone finishes and extensive landscaping, features a flexible design plan that can accommodate tenants from 5,052 to 45,000 square feet. Additionally, the office complex has an abundance of parking; an elegant lobby that opens into a spacious two-story atrium, two elevators and lobby stair access to the second floor; an energy efficient water-loop heat-pump system; shower and locker facilities; and secure key-card access.

Kelly Corporate Center is conveniently located less than a mile from Interstate 5 near the Four Seasons resort at Aviara, a variety of restaurants and banking services, and directly across the street from the City of Carlsbad’s new municipal golf course, which is scheduled to open at the end of 2007.

This joint-venture development with the Kelly family is part of a 21-acre master-planned corporate office park. Plans for the next building will be announced soon. Once all phases are complete, the project will total approximately 250,000 square feet.

The Allen Group Recognized for Contribution to Economic Development

Dallas, Texas (October 28, 2006)— The Allen Group, a major developer of industrial and office properties across the United States, received an Award of Merit during the Greater Dallas Chamber annual Momentum Awards ceremony on October 26, 2006. The Awards are designed to celebrate companies who have relocated, expanded or fostered positive economic momentum in the Dallas-Fort Worth region.

The Allen Group received the award based on their commitment to Dallas and involvement in the communities surrounding the development of The Dallas Logistics Hub. The Dallas Hub is a collaborative effort between The Allen Group and the communities of Dallas, Lancaster, Wilmer and Hutchins, Texas.

Also a factor in the Award was The Allen Group’s history of creating employment, educational opportunities and resources within the communities in which its projects are located. As with previous developments, The Allen Group is committed to working with local and minority-owned firms and encouraging area businesses to participate in the development project, contributing to the overall economic growth of their communities. The Dallas Hub will have a significant, positive impact on the surrounding communities with the Project estimated to create a real property tax base of more than $2.5 billion while generating 30,000 direct jobs.

“We are honored to receive this recognition from a strong partner in the Greater Dallas Chamber and we are pleased they chose to recognize our commitment to be a responsible corporate citizen and neighbor in Southern Dallas County and the Metroplex,” said Leslie Jutzi, Director of Governmental Affairs and Community Relations for The Allen Group. “We look forward to continuing to drive economic growth in the area through significant contributions and projects, such as the Dallas Logistics Hub.”

This was the fourth year for the Momentum Awards, which were sponsored by Holmes, Murphy and Associates and The Dallas Morning News. Awards were also presented in other categories, including Employment Growth, and Corporate Relocation. For more information on the Greater Dallas Chamber and the Momentum Awards, please visit www.dallaschamber.org

The Allen Group and BNSF Railway Announce New Partnership to Develop an Intermodal Logistics Park near Kansas City

San Diego, California (October 16, 2006) — The Allen Group, a major developer of logistics parks and office properties throughout the United States, and the BNSF Railway Company (NYSE; BNI) today announced a joint agreement to develop a new logistics park located near Gardner, Kansas, 25 miles southwest of Kansas City.

The two companies will master-plan a 1,000 acre logistics park, adjacent to I-35 and BNSF’s Transcontinental mainline. Approximately 350 acres will be designated for a new BNSF Intermodal Facility with the remaining acreage dedicated for warehouse and distribution facilities by The Allen Group.

BNSF Railway, one of the nation’s largest freight carriers with extensive experience in the development and operation of rail intermodals, will develop and operate this new state of the art facility. Intermodals serve as hubs for the loading and unloading of shipping containers between truck and rail modes of transportation. The intermodal facility is expected to be operational by late 2008.

“BNSF Railway and The Allen Group have a long term working relationship and we are pleased with the confidence they have demonstrated in our Company,” said Richard Allen, CEO of The Allen Group. “We look forward to partnering with BNSF to create a major economic engine for jobs and new development in the region.”

“After a national search and review process, we selected The Allen Group for their knowledge, experience and track record in developing these national logistics hubs,” said Vann Cunningham, BNSF’s Assistant Vice President of Economic Development.

“We are confident that the Kansas City Logistics Hub will be recognized as the heart of the coast to coast rail corridor,” said Edward Romanov, President and COO of The Allen Group. “As a result of the increase of trade with the Pacific Rim nations, rail movement and intermodal development has become a vital component in the international supply chain.”

Formica Corporation to Open New Western Region Distribution Center at the International Trade and Transportation Center near Bakersfield

– Formica is Leasing 98,000 Square Feet of Space –
– Up to 40 Jobs to be Created by New Facility –

SAN DIEGO, CA (August 22, 2006) — The Allen Group, a major developer of office and industrial properties in the western United States, announced today that the Formica Corporation has signed a long-term lease to occupy 98,000 square feet of industrial space at the International Trade and Transportation Center (ITTC) in Shafter, California near Bakersfield. The facility will serve as Formica’s Western Region distribution center. Formica is relocating from its current facility in Rocklin, Calif.

Up to 40 new jobs are expected to be created by the new Kern County facility.

“We welcome Formica Corporation to Shafter and the ITTC,” said Richard S. Allen, Chief Executive Officer, The Allen Group. “Being in the right place to implement a regional distribution strategy is important in today’s time-sensitive markets. Formica Corporation will now be able to reach a greater number of customers, improve their service capabilities and enjoy the strategic advantage of being located in the San Joaquin Valley.”

Shafter City Manager John Guinn expressed excitement about the impact Formica will have in Kern County: “We’re excited about another company moving into the region and all the benefits that will follow with 40 new jobs in the county!”

Based in Cincinnati, Formica Corporation is a leading surfacing industry innovator that designs, manufactures and distributes a full range of surfacing products for commercial and residential applications.

According to Formica, the ITTC location will allow the company to reach 25 percent more of its Western Region customers within one day, and 99 percent of its customer volume within two days. Additionally, a new footprint for the 98,000 square foot building was designed to enhance the company’s overall logistics operations; the layout will serve as a model for Formica’s other distribution centers.

“Earlier this year, we announced our plans to invest up to $25 million in new equipment and facilities upgrades in North America as part of an ongoing commitment to enhance our manufacturing, distribution and service capabilities worldwide,” said Mike Fischer, President, Formica Corporation North America. “By shifting the [western] distribution center from Rocklin to Shafter, we are achieving an operations and service model that will improve flexibility, lead time and service capabilities, all designed to meet our customers’ future needs for surfacing solutions.”

The Allen Group Forms Joint Venture with FKM Associates to Develop Regional Mall in Bakersfield

SAN DIEGO, CA (July 20, 2006) — The Allen Group, a major developer of industrial and office properties across the western United States, and FKM Associates, LLC, have formed a joint venture to develop a regional mall with a hotel and office component on a 155-acre site in Bakersfield, Calif., one of the fastest-growing cities in America.

Detailed site planning should be completed by the end of the year, with construction potentially able to start in mid-2007.

“Bakersfield is booming, with a diverse economy generating way above average job growth and demand for housing,” said Edward B. Romanov, Jr., President and Chief Operating Officer of The Allen Group.  “This joint-venture development is a response to the incredible demand we see for a regional retail, office and hospitality center that well serves the needs of the community and companies doing business there.  The mall will attract additional visitors to the area, which should be further boost the local economy.”

The site fronts on Rosedale Highway (Highway 58), which is one of the busiest roads in Bakersfield, and is near Highway 99, a major north-south artery.

Partly in anticipation of the project, the city of Bakersfield plans to widen Rosedale Highway to six lanes and extend Mohawk Road as a six-lane divided road.  Also there are plans to extend Mohawk Road across Rosedale Highway and through to the middle of the property, instead of ending south of the site as it does now.  A traffic signal is planned for the intersection of Mohawk and Rosedale.

Bakersfield is one of the hottest and most up-and-coming cities in the United States, according to Inc. magazine’sannual ranking of “The Best Cities For Doing Business,” which appeared in the May 2006 issue.  The annual report evaluated 393 population centers across the nation, identifying job creation, signs of business vitality and the extent to which cities have an overall strong, growing economy.  Based on these criteria, Bakersfield is ranked 10th among midsize cities and 41st overall in the large metropolitan area category.  Bakersfield is creating jobs at one of the fastest rates in the nation, Inc. said.

Michael Kranyak, president of San Joaquin Facilities Management and a partner in FKM Associates, LLC, added, “We’re pleased to be doing business with The Allen Group, a first-class outfit that knows the San Joaquin Valley well.  We see a lot of potential and promise for this new development; it’s exciting to be a part of Bakersfield’s new energy and growth.”

The Allen Group Observes Mexican Presidential Election

DALLAS, Texas (July 17, 2006)—The Allen Group recently witnessed Mexican history-in-the-making — the Mexican Presidential Elections, which took place on July 2, 2006. Leslie Jutzi, Director of Government Affairs and Community Relations for The Allen Group, served as a Presidential Election Observer for the International Observer Organization that supervised the Mexican electoral count. Felipe Calder—n Hinojosa of National Action Party won the Mexican presidency in the closest electoral race in the nation’s history.

Mexico’s Federal Election Institute (IFE) certified the United States-Mexico Chamber of Commerce (USMCOC) as an International Observer Organization. The USMCOC, of which The Allen Group is a member, was the only international business organization invited to observe the presidential and congressional election.

“It has been a profound honor to represent The Allen Group and the international community as a Presidential Election Observer in Mexico’s historic democratic process,” said Jutzi. “As the election was of extraordinary civic response, working with Mexico’s IFE has been a process of unparalleled professionalism, and outstanding administration and coordination efforts.”

As a member of the USMCOC, The Allen Group looks forward to promoting business development and international trade between the United States and Mexican communities. The Allen Group is currently developing the Dallas Logistics Hub, the largest new logistics park in North America, with 6,000 acres of land and the potential for 60 million square feet of vertical development at complete build out. The Hub will be a key piece of the NAFTA infrastructure, and the primary pipeline for distribution of goods between Mexico and the United States.

The Dallas Logistics Hub will help strategically position Dallas, the nation’s fourth largest industrial market, as the number one trade center in the Southwest region and the most integral connector along the NAFTA trade corridor allowing distributors and manufacturers to reach the greatest percentage of U.S. consumers. It will take advantage of I-35, the principle NAFTA trade route through North America.

The Allen Group Addresses Inaugural Texas Transportation Forum

Forum Highlights Texas’ Key Position for Future Trade

DALLAS, Texas (June 9, 2006) — On June 8, the Texas Department of Transportation (TxDOT) hosted the inaugural Texas Transportation Forum to discuss future trade and transportation challenges and opportunities. In addition to keynote speeches by Secretary Mineta of the United States Department of Transportation and Texas Governor, Rick Perry; Edward B. Romanov, Jr., President and COO, The Allen Group, outlined his vision for the future in a panel discussion entitled “The Road To Economic Opportunity”.

During the panel, which addressed current and future global trade patterns, trends and economic opportunities, Mr. Romanov addressed how increases in trade volume, container shipments and size of ships are challenging the leading shipping ports such as the port of Los Angeles/Long Beach. He also discussed the need for rail shipping and how solutions like newly developed ports in Mexico and strategically positioned intermodal developments, like The Allen Group’s Dallas Logistics Hub, to efficient goods distribution in the United States.

“As a key trade route Texas is uniquely positioned to ease the current strain on shipping in North America,” said Mr. Romanov. “The Dallas Logistics Hub, along with improvements in infrastructure throughout the NAFTA trade corridor, will help further alleviate that strain, while affording Texas and specifically Dallas/Fort Worth, with unsurpassed economic opportunity, job creation and tax base increases. We believe open dialogue, such as this Forum will help to address these issues and work with colleagues and representatives throughout the state to strengthen Texas’ position as a transportation leader for the foreseeable future.”

More than 1,500 people attended the two-day forum, which was co-sponsored by TxDOT, Texas Road Goods/Transportation Association, Associated General Contractors of Texas and Texas Transportation Institute. Attendees included leaders in the transportation industry as well as important political figures.

The Dallas Logistics Hub is the largest new logistics park in North America, with 6,000 acres of land and the potential for 60 million square feet of vertical development at complete build out. The Hub will help strategically position Dallas, the nation’s fourth largest industrial market, as the number one trade center in the Southwest region and the most integral connector along the NAFTA trade corridor allowing distributors and manufacturers to reach the greatest percentage of U.S. consumers. It will take advantage of I-35, the principle NAFTA trade route through North America.

The Allen Group Sells Wateridge Technology Center

SAN DIEGO (June 9, 2006) The Allen Group, a major developer of office and industrial properties, announced the sale of Wateridge Technology Center to Legacy Partners II Santa Fe Springs LLC, an affiliate of Legacy Partners Commercial, Inc. of Foster City, Calif. The sale price was $32.75 million.

Wateridge, located in the Sorrento Mesa area of San Diego, was built in 1998. The Center consists of two office buildings, each with 64,148 square feet of space. One of the buildings is fully leased to American Mortgage Network.

Brian Driscoll and Chad Urie of Colliers International represented the buyer and the seller in the transaction.

The Allen Group is a commercial development firm specializing in rail-served industrial parks and build-to-suit facilities, including Class A office buildings. The Company has more than 7,000 acres under development across the United States. In the past decade, The Allen Group has developed more than 60 commercial buildings ranging in size from 35,000 square feet to 1.7 million square feet, as well as three master-planned industrial parks: the International Trade and Transportation Center (www.ittc.com); MidState 99 Distribution Center (www.midstate99.com); and the Dallas Logistics Hub (www.dallaslogisticshub.com), the largest new logistics park in North America.

The Allen Group, with offices in San Diego, Visalia and Bakersfield, Calif., as well as Dallas, Texas, is trusted by Fortune 500 companies such as VF Corporation, Cox Communications, FedEx, International Paper Company, Intuit, Kraft Foods and Wal-Mart Stores. The Company has major industrial and office projects under development in San Diego, Bakersfield, Shafter, Sacramento and Visalia, Calif., as well as Dallas. For more information about The Allen Group, please visit www.allengroup.com.