The Allen Group and BNSF Railway Finalize Agreements for Logistics Park – Kansas City

San Diego, California (May 10, 2007) — The Allen Group, a major developer of logistics parks and commercial properties throughout the United States, and BNSF Railway Company (BNSF) have finalized the land purchase rights and related pre-development agreements for The Allen Group’s development of Logistics Park – Kansas City.

BNSF currently owns 997 acres, with 418 acres dedicated to a new BNSF intermodal facility. Pursuant to the option agreement, BNSF has granted The Allen Group the exclusive right to purchase the remaining portion of the site (579 acres) for the development of distribution and warehouse facilities for Logistics Park – Kansas City adjacent to the BNSF intermodal facility.

BNSF Railway, the nation’s largest intermodal carrier, pioneered the logistics park development concept within the rail industry, and is expected to open its new intermodal facility in 2009.

“We are pleased to finalize the agreements with BNSF so we can continue to move forward with the development of our Logistics Park project,” said Richard S. Allen, Chief Executive Officer of The Allen Group.

“We continue to work with the state, county and local officials for the progression of this project, which will have a significant economic impact in the State of Kansas,” said Bill Crandall, recently announced President of Allen Development of Kansas.

Logistics Park – Kansas City is located in Gardner, Kansas, 25 miles southwest of Kansas City. The Park is adjacent to Interstate 35, BNSF’s Transcontinental mainline, and BNSF’s planned new intermodal facility. Over the 20 year build-out, the Logistics Park is projected to help create 7.1 million sq. ft. of vertical development and 13,000 jobs in the State of Kansas.