Rankings are based on data provided by participating companies. Developers were asked to provide their volume of activity for the 2003 calendar year, including the amount of space completed or under construction in the U.S. as of Dec. 31, 2003.

1. Opus Group

10350 Bren Rd. West
Minnetonka, MN 55343
Phone: (952) 656-4444
E-mail: carol.quam@opuscorp.com
Web site: www.opuscorp.com
Keith Bednarowski, Chairman, Opus Corp.; Mark Rauenhorst, President/CEO, Opus Corp.; Ron Schiferl, EVP/CFO
Total Industrial Space Developed or Under Construction: 12.1 million sq. ft.

2. ProLogis

14100 E. 35th Place
Aurora, CO 80011
Phone: (303) 375-9292
E-mail: ir@prologis.com
Web site: www.prologis.com
K. Dane Brooksher, Chairman/CEO; Irving F. Bud Lyons III, Chief Investment Officer; Walter C. Rakowich, Managing Director/CFO
Total Industrial Space Developed or Under Construction: 8.4 million sq. ft.

3. IDI

3424 Peachtree Rd. NE, Suite 1500
Atlanta, GA 30326
Phone: (404) 479-4000
E-mail: info@idi.com
Web site: www.idi.com
Henry D. “Greg” Gregory, Jr., President/CEO; Timothy J. Gunter, SVP/COO; David Birdwell, SVP/CFO
Total Industrial Space Developed or Under Construction: 6.8 million sq. ft.

4. Hillwood

5430 LBJ Freeway, Eighth Floor
Dallas, TX 75240
Phone: (972) 201-2800
E-mail: dave.pelletier@hillwood.com
Web site: www.hillwood.com
Ross Perot, Jr., Chairman; Mike Berry, President, Hillwood Properties; Todd Platt, CEO, Hillwood Investments
Total Industrial Space Developed or Under Construction: 5.9 million sq. ft.

5. AMB Property Corp.

Pier 1, Bay 1
San Francisco, CA 94111
Phone: (415) 394-9000
E-mail: lbarr@amb.com
Web site: www.amb.com
Hamid R. Moghadam, Chairman/CEO; W. Blake Baird, Director/President; Michael A. Coke, EVP/CFO
Total Industrial Space Developed or Under Construction: 5.4 million sq. ft.

5. Trammell Crow Co.

2001 Ross Ave., Suite 3400
Dallas, TX 75201
Phone: (214) 863-3000
E-mail: ir@trammellcrow.com
Web site: www.trammellcrow.com
Robert E. Sulentic, Chairman/CEO; Derek R. McClain, CFO
Total Industrial Space Developed or Under Construction: 5.4 million sq. ft.

7. Panattoni Development Co. LLC

8401 Jackson Rd.
Sacramento, CA 95826
Phone: (916) 381-1561
E-mail: cbrown@panattoni.com
Web site: www.panattoni.com
Carl Panattoni, CEO; Dudley Mitchell, President; Jackie Rieger, COO/CFO
Total Industrial Space Developed or Under Construction: 5.1 million sq. ft.

8. CenterPoint Properties Trust

1808 Swift Dr.
Oak Brook, IL 60523
Phone: (630) 586-8000
E-mail: pgilchrist@centerpoint-prop.com
Web site: www.centerpoint-prop.com
John S. Gates, Jr., Co-Chairman/CEO; Michael M. Mullen, President/COO; Paul S. Fisher, CFO/General Counsel
Total Industrial Space Developed or Under Construction: 4.3 million sq. ft.

9. Duke Realty Corp.

600 E. 96th St., Suite 100
Indianapolis, IN 46240
Phone: (317) 808-6000
E-mail: ir@dukerealty.com
Web site: www.dukerealty.com
Dennis D. Oklak, CEO; Robert Chapman, Sr. EVP/Head of Real Estate Operations; Steve Kennedy, EVP, Duke Construction
Total Industrial Space Developed or Under Construction: 4.2 million sq. ft.

9. Keystone Property Trust

200 Four Falls, Suite 208
West Conshohocken, PA 19428
Phone: (484) 530-1800
E-mail: jpancoast@keystoneproperty.com
Web site: www.keystoneproperty.com
Jeffrey E. Kelter, President/CEO; Robert Savage, COO/EVP; John Begier, Chief Investment Officer/EVP
Total Industrial Space Developed or Under Construction: 4.2 million sq. ft.

11. Higgins Development Partners

101 E. Erie, Suite 800
Chicago, IL 60611
Phone: (312) 943-4999
Web site: www.higginsdevelopment.com
John W. Higgins, Chairman/CEO; Dietrich A. Knoer, SVP/Chief Investment Officer; Thomas R. Prescott, Regional VP
Total Industrial Space Developed or Under Construction: 3.1 million sq. ft.

12. First Industrial Realty Trust Inc.

311 S. Wacker Dr., Suite 4000
Chicago, IL 60606
Phone: (312) 344-4300
E-mail: ir@firstindustrial.com
Web site: www.firstindustrial.com
Michael W. Brennan, President/CEO; Michael J. Havala, CFO; Johannson L. Yap, Chief Investment Officer
Total Industrial Space Developed or Under Construction: 2.6 million sq. ft.

13. Lincoln Property Co.

500 N. Akard, Suite 3300
Dallas, TX 75201
Phone: (214) 740-3300
E-mail: leverett@lpsi.com
Web site: www.lincolnproperty.com
Mack Pogue, Chairman; Bill Duvall, President/CEO, Commercial Division; Tim Byrne, President/CEO, Residential Division
Total Industrial Space Developed or Under Construction: 2 million sq. ft.

14. McShane Corp.

9550 W. Higgins Rd., Suite 200
Rosemont, IL 60018
Phone: (847) 292-4300
E-mail: stantari@mcshane.com
Web site: www.mcshanecorp.com
James A. McShane, CEO; Hunter Barrier, President; Anthony J. Pricco, VP
Total Industrial Space Developed or Under Construction: 1.7 million sq. ft.

15. The Alter Group

5500 W. Howard St.
Skokie, IL 60077
Phone: (800) 637-4842
E-mail: tag@altergroup.com
Web site: www.altergroup.com
Michael J. Alter, President; Richard Gatto, EVP; Randolph Thomas, EVP
Total Industrial Space Developed or Under Construction: 1.6 million sq. ft.

16. LaSalle Investment Management

200 E. Randolph Dr.
Chicago, IL 60601
Phone: (312) 728-5800
E-mail: libby.hall@lasalle.com
Web site: www.lasalle.com
Lynn Thurber, CEO; Kim Woodrow, COO; Jacques Gordon, Director of Investment Strategy
Total Industrial Space Developed or Under Construction: 1.4 million sq. ft.

16. HSA Commercial Real Estate

180 N. Wacker Dr., Suite 500
Chicago, IL 60606
Phone: (312) 332-3555
E-mail: mailbox@hsacommercial.com
Web site: www.hsacommercial.com
Jack Shaffer, Chairman; Robert Smietana, Vice Chairman/CEO; Daniel Miranda, President
Total Industrial Space Developed or Under Construction: 1.4 million sq. ft.

18. Heller Industrial Parks Inc.

205 Mill Rd.
Edison, NJ 08837
Phone: (732) 287-4880
E-mail: fhkurtz@hellerpark.com
Web site: www.hellerpark.com
Isaac Heller, Chairman/CEO; Jeffrey J. Milanaik, President; Ellen M. Carpenter, EVP
Total Industrial Space Developed or Under Construction: 1.3 million sq. ft.

19. Ashley Capital

675 Third Ave., #1600
New York, NY 10017
Phone: (212) 755-1900
E-mail: lroth@ashleycapital.com
Web site: www.ashleycapital.com
Paul D. Rubacha, Principal; Richard A. Morton, Principal; Lori Roth, VP
Total Industrial Space Developed or Under Construction: 1.1 million sq. ft.

20. McDonald Development Co.

3715 Northside Pkwy., Bldg. 300, Suite 650
Atlanta, GA 30327
Phone: (404) 239-0885
E-mail: mmccune@mcdonalddevco.com
John R. McDonald, President
Total Industrial Space Developed or Under Construction: 1 million sq. ft.

20. Transwestern Commercial Services

1900 W. Loop South, Suite 1300
Houston, TX 77027
Phone: (713) 270-7700
E-mail: mediarelations@transwestern.net
Web site: www.transwestern.net
Robert Duncan, Chairman; Larry P. Heard, CEO; Mark Doran, COO
Total Industrial Space Developed or Under Construction: 1 million sq. ft.

22. Liberty Property Trust

65 Valley Stream Pkwy.
Malvern, PA 19460
Phone: (610) 648-1700
Web site: www.libertyproperty.com
William Hankowsky, CEO/President/Chairman; Robert Fenza, COO/EVP; George Alburger, CFO/EVP
Total Industrial Space Developed or Under Construction: 949,935 sq. ft.

23. The Rockefeller Group

1221 Avenue of the Americas
New York, NY 10020
Phone: (212) 282-2000
E-mail: info@rockefellergroup.com
Web site: www.rockefellergroup.com
Jonathan D. Green, President/CEO; Karen Treadwell, Treasurer; Santo F. Curro, VP/Controller
Total Industrial Space Developed or Under Construction: 657,000 sq. ft.

24. Carter

1275 Peachtree St. NE
Atlanta, GA 30309
Phone: (404) 888-3000
E-mail: ktaylor@carterusa.com
Web site: www.carterusa.com
Bob Peterson, President/CEO; Scott Taylor, EVP/COO
Total Industrial Space Developed or Under Construction: 404,412 sq. ft.

25. Koll Development Co.

8411 Preston Rd., Suite 700
Dallas, TX 75225
Phone: (214) 696-1700
E-mail: jragusa@kolldevelopment.com
Web site: www.kolldevelopment.com
Steve Van Amburgh, CEO; Tobin C. Grove, President; Murray Newton, EVP
Total Industrial Space Developed or Under Construction: 400,000 sq. ft.