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The Allen Group Announces Director of Engineering for the Dallas Logistics Hub

DALLAS, Texas (May 18, 2006) The Allen Group, a major developer of office and industrial properties, including rail-served distribution and logistics parks, announces Jason R. Elms, P.E. has joined the Company as Director of Engineering to coordinate future development at the Dallas Logistics Hub (DLH).

In his new role as Director of Engineering, Elms will coordinate and supervise land acquisition due diligence, land planning and zoning, permitting, budget administration, and construction for “The Hub.”

The Dallas Logistics Hub is The Allen Group’s newest industrial park and one of the largest of its kind currently under development in North America. With the Company quickly becoming a major development player in Dallas, The Allen Group is master-planning a 6,000 acre rail-served logistics park located 12 miles south of Downtown Dallas, adjacent to the Union Pacific Intermodal Facility. This new development will position Dallas as the number one trade hub in the Southwest region and serve as the primary pipeline to the distribution of goods throughout the U.S.

“Jason brings significant market and project experience to our team in Dallas,” said Dan McAuliffe, Vice President of Development for The Allen Group. “The Dallas Logistics Hub is an exciting, milestone project for Southern Dallas County, the Southwest and the nation and Jason’s invaluable expertise in commercial and industrial development as well as planning, personnel and project management will be integral to its success.”

Prior to joining The Allen Group, Elms served as a project engineer, project manager and department manager for Jones & Carter Consulting Engineers, Inc. During his time with Jones & Carter, Elms functioned as district engineer for the Rail Port Business Park on behalf of the Midlothian Development Authority and the Ellis County Rural Rail Transportation District. For these districts, he designed and oversaw nearly $60 million in public infrastructure improvements. Elms experience also included project lead responsibilities on over thirty commercial site developments, ranging from one-acre corner drug stores to ninety-acre power centers, and several large industrial site developments, including approximately 4.4 million square feet of warehouse and distribution space.

Elms is a graduate of Texas A&M University, where he received a Bachelor of Science degree in Civil Engineering. He is a registered Professional Engineer in the State of Texas, and a member of International Council of Shopping Centers and the American Society of Civil Engineers.

The Allen Group is a commercial development firm specializing in rail-served industrial parks and build-to-suit facilities, including Class A office buildings. In the past decade, the Company has developed over half a billion dollars in commercial and industrial properties, 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, based in San Diego with regional offices in 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, Visalia (Calif.) and Dallas. For more information about The Allen Group, please visitwww.allengroup.com.