The Top 25 Office Developers survey is based on totals provided by participating companies. Developers were asked to record their volume of activity for the calendar year, and were ranked accordingly. Results include completed development and new construction as of Dec. 31, 2001, and are given in square feet.

1. Hines
2800 Post Oak Blvd.
Houston, TX 77056-6118
Phone: (713) 621-8000
Fax: (713) 966-2053
Web site: www.hines.com

Officers:
Jeffrey C. Hines, President; Gerald D. Hines, Chairman; Hastings Johnson, Exec. VP/CFO

Total Office Space Developed or Under Construction: 33.6 million sq. ft.

2. Transwestern Commercial Services
150 N. Wacker Dr., Suite 800
Chicago, IL 60606
Phone: (312) 499-1900
Fax: (312) 499-1904
E-mail: sara _o'donnell@transwestern.net
Web site: www.transwestern.net

Officers:
Robert D. Duncan, Chairman; Steven D. Bandolik, President/CEO

Total Office Space Developed or Under Construction: 25.2 million sq. ft.

3. Opus Group
10350 Bren Rd. W.
Minnetonka, MN 55343
Phone: (952) 656-4444
Fax: (952) 656-4750
E-mail: carol.quam@opuscorp.com
Web site: www.opuscorp.com

Officers:
Gerald Rauenhorst, Founding Chairman; Keith Bednarowski, Chairman; Mark Rauenhorst, President/CEO

Total Office Space Developed or Under Construction: 11 million sq. ft.

4. Lincoln Property Co.
500 N. Akard, Suite 3300
Dallas, TX 75201
Phone: (214) 740-3300
Fax: (214) 740-3441
Web site: www.lincolnproperty.com

Officers:
Mack Pogue, Chairman; Tim Byrne, President/CEO, Residential Division; Bill Duvall, President/CEO, Commercial Division

Total Office Space Developed or Under Construction: 6.3 million sq. ft.

5. Carter & Associates/ONCOR International
1275 Peachtree St. N.E.
Atlanta, GA 30309
Phone: (404) 888-3000
Fax: (404) 888-3006
Web site: www.carterusa.com

Officers:
Billy Mitchell, Chairman/CEO; Tom Senkbeil, President/COO

Total Office Space Developed or Under Construction: 4.1 million sq. ft.

6. The Alter Group
5500 W. Howard St.
Skokie, IL 60077
Phone: (800) 637-4842
Fax: (847) 676-4325
E-mail: tag@altergroup.com
Web site: www.altergroup.com

Officers:
Michael J. Alter, President; Richard Ciatto, Exec. VP, Sales; Randolph Thomas, Exec. VP, Development

Total Office Space Developed or Under Construction: 4.0 million sq. ft.

7. Duke Realty Corp.
600 E. 96th St., Suite 100
Indianapolis, IN 46240
Phone: (317) 808-6000
Fax: (317) 808-6786
E-mail: webmaster@dukerealty.com
Web site: www.dukerealty.com

Officers:
Thomas Hefner, Chairman/CEO; Gary Burk, Co-COO; Denny Oklak, Co-COO

Total Office Space Developed or Under Construction: 3.9 million sq. ft.

8. Higgins Development Partners
101 E. Erie, Suite 800
Chicago, IL 60611
Phone: (312) 943-4999
Fax: (312) 943-9768
E-mail: farnold@higginsdevelopment.com
Web site: www.higginsdevelopment.com

Officers:
John W. Higgins, Chairman/CEO; Jerry Pientka, President; Tom Samuels, Exec. VP

Total Office Space Developed or Under Construction: 3.2 million sq. ft.

9. Trammell Crow Co.
2001 Ross Ave., Suite 3400
Dallas, TX 75201
Phone: (214) 863-3000
Fax: (214) 863-3138
E-mail: lraflowitz@trammellcrow.com
Web site: www.trammellcrow.com

Officers:
Robert E. Sulentic, Chairman/CEO; H. Pryor Blackwell, President, Development and Investment Group; William F. Concannon, President, Global Services Group

Total Office Space Developed or Under Construction: 3 million sq. ft.

10. Equity Office Properties Trust
Two N. Riverside Plaza, Suite 2100
Chicago, IL 60606
Phone: (312) 466-3300
Fax: (312) 454-0332
E-mail: terry.holt@equityoffice.com
Web site: www.equityoffice.com

Officers:
Sam Zell, Chairman/President/CEO; Richard Kincaid, COO; David Helfand, CIO

Total Office Space Developed or Under Construction: 2.4 million sq. ft.

11. U.S. Equities Realty
20 N. Michigan Ave.
Chicago, IL 60602
Phone: (312) 456-7000
Fax: (312) 456-0056
E-mail: info@usequities.com
Web site: www.usequities.com

Officers:
Robert A. Wislow, Chairman/CEO; Camille P. Julmy, Vice Chairman; Nancy A. Pacher, President/COO

Total Office Space Developed or Under Construction: 2.3 million sq. ft.

12. CarrAmerica Realty Corp.
1850 K St., N.W., Suite 500
Washington, D.C. 20006
Phone: (202) 729-1700
Fax: (202) 729-1150
E-mail: maureen.wheeler@carramerica.com
Web site: www.carramerica.com

Officers:
Thomas A. Carr, CEO; Philip L. Hawkins, President/COO; Stephen E. Riffee, CFO

Total Office Space Developed or Under Construction: 2.202 million sq. ft.

13. The Gale Co.
200 Campus Dr., Suite 200
Florham Park, NJ 07932
Phone: (973) 301-9500
Fax: (973) 301-9501
Web site: www.thegalecompany.com

Officers:
Stan Gale, Chairman/CEO; Mark Yeager, President; Kathy Wielkopolski, CFO/COO

Total Office Space Developed or Under Construction: 2.2 million sq. ft.

14. Taconic Investment Partners LLC
111 Eighth Avenue
New York, NY 10011
Phone: (212) 220-9945
Fax: (212) 220-9949
Web site: www.111eighthavenue.com

Officers:
Paul E. Pariser, Principal; Charles R. Bendit, Principal; Andrew J. Nick, Principal

Total Office Space Developed or Under Construction: 2 million sq. ft.

15. WP Commercial LLC
26 Main St.
Chatham, NJ 07928
Phone: (973) 701-2200
Fax: (973) 701-1115
Web site: www.wpcommercial.com

Officers:
Richard Previdi, President/CEO; Mark Schaevitz, COO; Steve Jennings, Director of Leasing

Total Office Space Developed or Under Construction: 2 million sq. ft.

16. Orix Real Estate Equities Inc.
100 N. Riverside Plaza, Suite 1400
Chicago, IL 60606
Phone: (312) 669-6400
Fax: (312) 669-6464
Web site: www.orixre.com

Officers:
James H. Purinton, President/CEO; Michael McCullough, Sr. Exec. VP, Dev. & Const.; Jeffrey Plack, Exec. VP/Chief Administrative Officer

Total Office Space Developed or Under Construction: 1.9 million sq. ft.

17. Stiles Corp.
300 S.E. Second St.
Ft. Lauderdale, FL 33301
Phone: (954) 627-9377
Fax: (954) 627-9305
E-mail: pr@stiles.com
Web site: www.stiles.com

Officers:
Terry Stiles, CEO/Chairman; Doug Eagon, President, Stiles Corp.; Tom Kates, President, Stiles Realty Co.

Total Office Space Developed or Under Construction: 1.8 million sq. ft.

18. Mack-Cali Realty Corp.
11 Commerce Dr.
Cranford, NJ 07016
Phone: (908) 272-8000
Fax: (908) 272-6755
E-mail: investorrelations@mack-cali.com
Web site: www.mack-cali.com

Officers:
Mitchell E. Hersh, CEO; Timothy M. Jones, President; Barry Lefkowitz, Exec. VP/CFO

Total Office Space Developed or Under Construction: 1.61 million sq. ft.

19. Koll Development Co.
8411 Preston Road
Dallas, TX 75225
Phone: (214) 696-1700
Fax: (214) 373-3108
Web site: www.kolldevco.com

Officers:
Steven VanAmburgh, CEO; Tobin Grove, Exec. VP; Murray Newton, Exec.VP

Total Office Space Developed or Under Construction: 1.6 million sq. ft.

20. Liberty Property Trust
65 Valley Stream Pkwy.
Malvern, PA 19355
Phone: (610) 648-1700
Fax: (610) 644-4129
E-mail: jleonard@libertyproperty.com
Web site: www.libertyproperty.com

Officers:
Willard G. Rouse III, Chairman/CEO; William P. Hankowsky, President/CIO; Robert E. Fenza, Exec. VP/COO

Total Office Space Developed or Under Construction: 1.5 million sq. ft.

21. Clarion Partners
335 Madison Ave., 7th Floor
New York, NY 10017
Phone: (212) 883-2500
Fax: (212) 883-2700
Web site: www.clarionp.com

Officers:
Stephen Furnary, Managing Director/Chairman; Frank Sullivan, Managing Director; Charles Gressman, Managing Director

Total Office Space Developed or Under Construction: 1.47 million sq. ft.

22. Patrinely Group LLC
1980 Post Oak Blvd., Suite 1600
Houston, TX 77056
Phone: (713) 840-2700
Fax: (713) 840-2705
E-mail: cmd@patrinely.com
Web site: www.patrinelygroup.com

Officers:
C. Dean Patrinely, Managing Principal; Leonard J. OƕDonnell, Principal; Michael E. Nicholls, Principal

Total Office Space Developed or Under Construction: 1.45 million sq. ft.

23. McShane Corp.
9550 W. Higgins Rd., Suite 200
Rosemont, IL 60018
Phone: (847) 292-4300
Fax: (847) 292-4313
Web site: www.mcshane.com

Officers:
Hunter Barrier, President; Robert G. Byron, CIO; James E. McGill, Exec. VP

Total Office Space Developed or Under Construction: 1.42 million sq. ft.

24. Forest City Enterprises Inc.
1100 Terminal Tower
Cleveland, OH 44113
Phone: (216) 621-6060
Fax: (216) 263-6208
E-mail: tom_kmiecik@FCEINC.com
Web site: www.FCEINC.com

Officers:
Albert Ratner, Co-Chairman; Samue H. Miller, Co-Chairman/Treasurer; Charles A. Ratner, President/CEO

Total Office Space Developed or Under Construction: 1.4 million sq. ft.

25. Brookfield Properties Limited
BCE Place, Bay Wellington Tower
181 Bay St., Suite 4300
Toronto, Canada M5J 2T3
Phone: (416) 369-2300
Fax: (416) 369-2301
Web site: www.brookfieldproperties.com

Officers:
David Arthur, President/CEO; Philip Mostowich, Sr. VP, Eastern Office; Thomas Farley, Sr. VP, Western Office

Total Office Space Developed or Under Construction: 1.33 million sq. ft.