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United Properties Market Activity • Kimberly Clark's six-year lease at US Bancorp Center on Nicollet Mall is for 16,000 sq. ft. on the 29th floor. • Opus has committed to developing a new office property on the Southeast corner of Tenth Street and Nicollet Mall. The timing of the project has not been determined. St. Paul CBD • Health Partners signed a 10-year renewal for 102,894 sq. ft. at 180 E. Fifth Street. • Alliance Bank will move out of Town Square and occupy 25,000 sq. ft. in Fifth Street Center at 55 East Fifth Street. The lease includes street-level bank space with drive-up teller lanes as well as the top floor of the tower. • Also at Fifth Street Center, Peterson and Fram leased 12,000 sq. ft. (a full floor). • Arch Insurance renewed their lease for 15,000 sq. ft. at Wells Fargo Place on Seventh Street. Northeast • Phoenix University, a new tenant to the market, signed a lease for 9,000 sq. ft. and will anchor a new 18,000-sq.-ft. building to be developed at Tamarack Hills in the northeast corner of Bielenberg Drive and Tamarack Road in Woodbury. • Keller Williams will be the lead tenant with 10,000 sq. ft. at North Central Professional Center, a new 35,000-sq.-ft., Class A building that will break ground this spring at the northeast corner of County Road C and Snelling Avenue in Roseville. Medical Office • Minnesota Eye Consultants, P.A. will consolidate its clinic, ambulatory surgery center and central business office at Dupont Center, 9801 Dupont Avenue South in Bloomington. The medical group signed a 20-year lease for 35,875 sq. ft. • Minneapolis Clinic of Neurology, Ltd. will take 9,494 sq. ft. in a 15-year lease at Southdale Place in Edina. The medical group will move off campus from Fairview Southdale Hospital to expand its space and provide comprehensive neurological diagnostic services. • Minnesota Oncology Hematology, P.A., will move off campus from Woodwinds Hospital to 11,130 sq. ft. at Cornerstone Medical Building on Lake Road in Woodbury. Cornerstone Medical is a new development anchored by Metro Urology. INDUSTRIAL MARKET Back to Too Northwest • Arch Aluminum took 70,000 sq. ft. at the Weber Distribution Center at 13251 George Weber Drive in Rogers. • Dakota Drug purchased a 172,000-sq.-ft. property at 1101 Lund Boulevard in Anoka. • US Food Service purchased the 81,826-sq.-ft. Zomax building at 5353 Nathan Lane in Plymouth from Nathan Lane Partnership. • Enpath Medical took occupancy of 100,000 sq. ft. on March 1 at the Continental Building in Plymouth. The company's lease term is 10 years. Northeast • Federated Department Stores is selling its 575,000-sq.-ft. warehouse at 701 Industrial Boulevard in Minneapolis. It was put under contract by First Industrial. • Home Delivery Link has signed afive-year lease for 40,000 sq. ft. in the AMB Aurora Industrial building at 2500 Walnut Street in Roseville. • Supply Network, Inc. signed afive-year lease in the heart of the Midway area of St. Paul, taking 25,200 sq. ft. at the Midway Distribution Center at 2079 Ellis Avenue. Southwest Page 2 of 4 http://outlook.uproperties.com/features/2007/2007April_MarketActivity.htm 5/11/2007