The Top 25 Industrial Owners survey is based on data provided by participating companies. The rankings are based on the amount of industrial space companies owned domestically as of Dec. 31, 2003.

1. 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 Portfolio: 181.1 million sq. ft.

2. RREEF

101 California St., 26th Floor
San Francisco, CA 94111
Phone: (415) 781-3300
E-mail: ctalmadge@rreef.com
Web site: www.rreef.com
Stephen M. Steppe, Managing Partner; Charles B. Leitner, Partner in Charge, Acquisitions; Robert J. Cook, Partner in Charge, Portfolio Management
Total Industrial Portfolio: 129.1 million sq. ft.

3. 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 Portfolio: 85 million sq. ft.

4. 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 Portfolio: 81.3 million sq. ft.

5. 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 Portfolio: 65 million sq. ft.

6. 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 Portfolio: 40.9 million sq. ft.

7. ING Clarion Partners

230 Park Ave., Floor 12
New York, NY 10169
Phone: (212) 883-2500
E-mail: bill.krauch@ingclarion.com
Web site: www.ingclarion.com
Stephen J. Furnary, Managing Director/Chairman; Charles Grossman, Managing Director; Frank L. Sullivan, Jr., Managing Director
Total Industrial Portfolio: 37.6 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 Council
Total Industrial Portfolio: 35.7 million sq. ft.

9. 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 Portfolio: 35.1 million sq. ft.

10. 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 Portfolio: 32.9 million sq. ft.

11. CB Richard Ellis Investors LLC

865 S. Figueroa St., Suite 3500
Los Angeles, CA 90017
Phone: (213) 683-4200
Web site: www.cbreinvestors.com Robert Zerbst, President; William Harris, COO; Vance Maddocks, Executive Managing Director
Total Industrial Portfolio: 32.1 million sq. ft.

12. 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 Portfolio: 31.9 million sq. ft.

13. 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 Portfolio: 23.8 million sq. ft.

14. Heitman

191 N. Wacker Dr., Suite 2500
Chicago, IL 60606
Phone: (312) 855-5700
E-mail: consultant.services@heitman.com
Web site: www.heitman.com
Maury Tognarelli, President/CEO; Jerome J. Claeys III, Chairman of the Board
Total Industrial Portfolio: 21.4 million sq. ft.

15. 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 Portfolio: 21.3 million sq. ft.

16. 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 Portfolio: 21.2 million sq. ft.

17. Hartz Mountain Industries Inc.

400 Plaza Dr.
Secaucus, NJ 07094
Phone: (201) 348-1200
E-mail: info@axiominc.net
Web site: www.hartzmountain.com
Emanuel Stern, President/COO; Gus Milano, EVP, Finance/Leasing; Walter Smith, EVP, Operations
Total Industrial Portfolio: 21 million sq. ft.

18. 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 Portfolio: 17 million sq. ft.

19. 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 Portfolio: 14.5 million sq. ft.

20. 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 Portfolio: 12.9 million sq. ft.

21. Watson Land Co.

22010 S. Wilmington Ave., #400
Carson, CA 90745
Phone: (310) 952-6401
E-mail: lryan@watsonlandcompany.com
Web site: www.watsonlandcompany.com
Bruce A. Choate, President/CEO; Kirk R. Johnson, SVP, Real Estate Operations; Brad D. Frazier, General Counsel
Total Industrial Portfolio: 10.8 million sq. ft.

22. 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 Portfolio: 10 million sq. ft.

22. Weingarten Realty Investors

2600 Citadel Plaza Dr.
Houston, TX 77018
Phone: (713) 866-6000
E-mail: tpursell@weingarten.com
Web site: www.weingarten.com
Andrew M. Alexander, President/CEO; Stanford Alexander, Chairman; Martin Debrovner, Vice Chairman
Total Industrial Portfolio: 10 million sq. ft.

24. Hamilton Partners Inc.

300 Park Blvd.
Itasca, IL 60143
Phone: (630) 250-9700
Web site: www.hamiltonpartners.com
Allan J. Hamilton, Senior Partner; Ronald C. Lunt, Senior Partner; Laura Judd, CFO
Total Industrial Portfolio: 9.6 million sq. ft.

25. Sentinel Real Estate Corp.

1251 Avenue of the Americas
New York, NY 10020
Phone: (212) 408-5000
E-mail: weiner@sentinelcorp.com
John H. Streicker, President/CEO; David Weiner, Managing Director; Millie C. Cassidy, Managing Director
Total Industrial Portfolio: 6.4 million sq. ft.