Kelly Corporate Center IV Office Building Under Construction

SAN DIEGO (December 20, 2005) – The Allen Group, a major developer of industrial and office properties in California and across the Western United States, announced the start of construction for the 75,215 square foot Kelly Corporate Center IV office building in Carlsbad, Calif.

Kelly Corporate Center IV, the third phase of the Kelly Corporate Center complex, is strategically located east of I-5 at the signalized intersection of Palomar Airport Road and Aviara Parkway/College Blvd.

This three-story Class A office building, with exterior granite accents and extensive landscaping, will feature a flexible design plan that can accommodate tenants from 5,052 to 75,215 square feet. The complex will have abundant parking, an elegant lobby entry that opens into a spacious two-story atrium, elevator and stair access, an energy efficient water loop heat pump system, a shower and locker facility, and secure key-card access.

Kelly Corporate Center is near the Four Seasons resort at Aviara, a variety of restaurants, banking services and across the street from the City of Carlsbad’s future golf course, which is now under construction.

This joint-venture development with the Kelly family is a four-phase, 21-acre master-planned corporate office park. At its completion, the project will total approximately 250,000 square feet. Kelly Corporate Center I, completed in 2001, is a two-story, 72,000 square foot multi-tenant office building. Kelly Corporate Center II, completed in 2002 is a two-story 50,000 square foot office building developed for the U.S. Department of Fish and Wildlife.

The Allen Group is a San Diego based commercial development firm that specializes in rail-served industrial parks and build-to-suit facilities, including Class A office buildings. The company has developed over a half a billion dollars of commercial property in California and across the West, including two master-planned logistics parks: the MidState 99 Distribution Center (www.midstate99.com), south of Fresno, Calif., and the International Trade and Transportation Center (www.ittc.com) near Bakersfield, Calif.

With offices in San Diego, Visalia and Bakersfield, Calif., The Allen Group 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 a major intermodal logistics hub in Dallas, Tex.

For more information about The Allen Group, please visit www.allengroup.com.