Lowe Enterprises Commercial Group is developing The Exchange, a 260,000 sq.ft. retail center featuring a Lowe’s home improvement warehouse store and additional service retail at the intersection of the I-105 Freeway and Crenshaw Boulevard in Hawthorne, CA. The 135,084 sq.ft. Lowe’s will have 1,000 feet frontage on the I-105 Freeway. The company also will redevelop existing buildings on the 104-acre site to create 375,000 sq.ft. of office space and 260,000 sq.ft. of research and development space. New construction will include about 600,000 sq.ft. of industrial warehouse space. Construction is expected to begin by mid-2002 with retail, office and industrial components opening in 2003.

For more information, contact Lowe Enterprises Commercial Group, 11777 San Vicente Boulevard, Suite 900, Los Angeles, CA 90049; 310-820-6661, Fax 310-207-1132; Web site: www.loweenterprises.com. For leasing information, contact CB Richard Ellis, 990 West 190th Street, Suite 100, Torrance, CA 90502; 310-516-2300; Fax 310-516-2310; Web site: www.cbrichardellis.com.

For more information, contact Mark Sepulveda, Yancey-Hausman Development Inc., 13333 Northwest Freeway, Suite 150 Houston, TX 77040, 713-462-8802, Fax 713-895-8214; Web site: www.yancey-hausman.com.

The Beerman Realty Co. is adding 22,000 sq.ft. of retail space to the 115,974 sq.ft. Zane Plaza in Chillicothe, OH. The retail and office strip center is located at the signalized intersection of U.S. 35, North Bridge Street and Business Route 23, which has an average daily traffic count of 34,763 vehicles. The center’s tenants include Elder-Beerman Department and Home Store, JoAnn Stores, Radio Shack, On Cue, National City Bank, Subway, Taco Bell and Arby’s. Area demographics include a population of 58,851 residing in a 10-mile radius earning an average household income of $63,009. Neighboring retailers include Lowe’s, Wal*Mart, JCPenney and Krogers. Asking rent is $14 psf, CAM is $1.20 psf and taxes are $0.70 psf. Construction is expected to begin during the Spring and be completed by the Fall. The maximum configuration of the available space is 40,000 sq.ft. for big-box tenants and the minimum configuration is 3,000 sq.ft. and 100% of the expansion space is available.

Vestar Development Co. is developing Santee Trolley Square, a 440,000 sq.ft. retail center located at the intersection of Mission Gorge Road and Cuyamaca Street in Santee, CA. Construction is expected to begin early in 2002, with completion slated for Fall 2002. Tenants will include a 124,500 sq.ft. Target, a 30,000 sq.ft. Bed Bath & Beyond in addition to T.J. Maxx, Pier 1 Imports, Party Square, Old Navy and Olive Garden. The center also will include a 250-seat amphitheater and a 1,200 sq.ft. landscaped promenade linking outlying stores and restaurants to the Santee trolley station. Area demographics include a population of 258,206 residing in a five-mile radius earning an average household income of $51,938. Average daily traffic counts for the area are 43,000 vehicles for Mission Gorge Road and 22,000 vehicles for Cuyamaca Street.

CIM Group LLC is developing 7.2 acres in Los Angeles, CA for retail, office and residential use. The project, located between 8th and 9th Streets, includes a full-service grocery store and 517,000 sq.ft. of office space.

U.S. Equities Realty, Catalado/Marovits LLC, Magellan Development Group and Near North Properties are developing Grand Plaza, a mixed-use development on North State Street in Chicago, IL. The project consists of 100,000 sq.ft. of retail space and two towers with 764 multi-family retail units. The retail portion of the project is expected to open in Fall 2002. Bed Bath & Beyond has leased 35,000 sq.ft. and will anchor Grand Plaza.