COMPANY ANNOUNCEMENT

The Allen Group Announces Build-to-Suit Project at the Dallas Logistics Hub
ADESA selects site at Dallas Logistics Hub for a 175-Acre Auto Auction Center

Dallas, Texas — (June 4, 2008) — The Allen Group, developers of the Dallas Logistics Hub, a 6,000-acre multimodal logistics park in Southern Dallas County, announced today that ADESA, a full-range auction, reconditioning, logistical and other vehicle-related services company, has entered into a 20-year lease for a new state-of-the-art auto auction center at the Dallas Logistics Hub.

The build-to-suit facility will be located on 175 acres within the City of Hutchins.  The property will house three buildings totaling approximately 196,000 square feet of space for an auction arena, administrative and financial offices and reconditioning facilities. ADESA projects that the facility will require several hundred full-time and part-time employees once fully operational.

“We are extremely excited to welcome ADESA to The Hub, as they are a great corporate tenant for the community through the creation of jobs, tax revenue and demand for retail and hotel services,” said Daniel J. McAuliffe, President of The Allen Group’s Texas operation. “ADESA has found the location at the Dallas Logistics Hub to be a perfect site for expanding their operations.”

The Allen Group and ADESA have agreed to design, construct and commission the facility as LEED certified.  Construction will commence in a few weeks, and the facility is expected to be operational in summer 2009. Also, the Dallas Logistics Hub’s new speculative industrial buildings are the first two industrial buildings in North Texas to pursue LEED certification in accordance with the standards set by the U.S. Green Building Council’s (USGBC) LEED Certification guidelines (www.usgbc.org).  The Allen Group has committed to maintain the Dallas Logistics Hub as an eco-friendly Inland Port.

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Media Contact
Jon Cross
The Allen Group
Office: 858-764-6800
Cell: 858-525-525-5333
Email: jcross@allengroup.com