Rockefeller Group Development Corporation to Develop in Salt Lake City

Salt Lake City Market Primed for Industrial Growth

Irvine, CA, April 21, 2008 – Rockefeller Group Development Corporation (RGDC), through its regional office in Irvine, CA, has acquired approximately 57 acres of zoned industrial land in Salt Lake City, UT. The company will build and lease six industrial buildings totaling 930,000 rentable square feet and will seek Foreign Trade Zone designation for the property.

“There is a very real opportunity for industrial growth in Salt Lake City,” said Tom McCormick, SIOR, Senior Vice President Development for Rockefeller Group Development Corporation. “Our latest research shows that there is less than 5 percent vacancy in the Salt Lake City industrial market and we believe this project is going to fill the needs of companies looking at the area.”

RGDC plans to build four buildings of approximately 190,000 square feet and the two remaining buildings will be smaller spaces, 32,500 to 80,000 square feet. Construction is expected to begin in July 2008 with completion some time in late 2010.

The location between I-80 and SR201, just west of Bangerter Highway, is ideal for companies shipping product east. “The site we’ve purchased is across the street from Union Pacific Railroad’s Salt Lake City Intermodal, which is the first point of intersection in Union Pacific’s rail system for eastbound freight from the three largest West Coast ports of LA/Long Beach, Seattle/Tacoma, and Oakland,” said McCormick.

Greg Hunter, SIOR, and Nancy Edwards of Commerce CRG, an alliance member of Cushman & Wakefield, represented The Rockefeller Group on the transaction.

RGDC is a national owner, developer, and manager of prestigious commercial real estate properties. Its development capabilities include corporate headquarters, landmark properties, multiuse urban complexes, multinational distribution facilities, suburban business parks, and foreign trade zones. RGDC, with regional offices in Mt. Olive, NJ, Miami, FL, and Irvine, CA, is an operating company of The Rockefeller Group, developer of the famed Rockefeller Center in New York City.