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Panattoni Breaks Ground for 55,000 SF Expert Corporation Build-to-Suit at Windham Lakes

February 10, 2003

Chicago – Panattoni Development Company, LLC, recently broke ground for a $5,000,000, 55,000 SF build-to-suit-for-lease corporate headquarters and distribution facility for Troy, MI-based Expert Corporation at Panattoni’s Windham Lakes Business Park in Romeoville, IL, announced John M. Pagliari, Partner in the Chicago regional office of Sacramento, CA-based Panattoni, a national build-to-suit development company.

Located on a 4.26-acre site at 1355 Lakeview Drive on the southeast corner of Lakeside and Arbor Drives, the building has excellent exposure and immediate access to the interstate system via I-55. When the building is completed in April of 2003, Expert will relocate its corporate headquarter from Troy to Romeoville.

“This is a big day for Expert and for my family,” said Roman M. Kuropas, Expert’s Chief Executive Officer, whose entire family including his two-year-old son, Max, participated in the ground-breaking ceremony for the building. “Panattoni has been wonderful to work with, and I appreciate their professionalism and consider them friends,” he said.

Palatine, IL-based Harris Architects, Inc., has designed the building, and Elgin, IL-based IHC Construction Companies, LLC, is the general contractor. In addition to warehouse space, the facility, which is expandable to 90,000 SF, includes 8,000 SF of office space and approximately 46,000 SF of state-of-the-art injection molding and automation systems. The precast concrete building has 24’ clear ceilings, a 15-ton bridge crane, two exterior docks, one drive-in door, and parking for 82 cars.

The Insignia/ESG team of Jeffrey C. Fischer, Director, and Mark J. Moran, Assistant Director, represented Panattoni in the transaction. “We are very happy to welcome Expert Corporation to Romeoville. Their new headquarters building is yet another example of Panattoni’s commitment to creating a quality built environment,” said Fred Dewald, Jr., Mayor of Romeoville.

Windham Lakes Business Park has 159 acres of available land, comprised of 12 build-to-suit sites from two to 40 acres, capable of supporting a total of 2,500,000 SF of space with buildings ranging from 20,000 SF to 800,000 SF. During the fourth quarter of 2002, Panattoni broke ground on its newest speculative distribution center, the 495,000 SF Windham Industrial Center VII, located at 1070 Windham Parkway at the northwest corner of Weber Road and I-55. The building, scheduled for completion during 2003, is expandable to 740,000 SF. Panattoni also owns 218 acres of land at Windham Lakes Southwest, located at the southwest quadrant of I-55 and Weber Road in Romeoville. This parcel is divisible into sites ranging from five to 30 acres, capable of supporting a total of 2,200,000 SF of space with buildings ranging from 100,000 SF to 750,000 SF.

Expert Corporation is an international firm specializing in the development, production and assembly of systems and components for the automotive industry. The company provides evaporative emissions systems, front-end modules and tube-bending technologies for clients including General Motors and Volkswagen. Expert has served global markets for more than 40 years and has offices in Germany, Spain, Belgium and Brazil. To learn more about the company, visit www.expertc.com.

Panattoni is a privately held, full-service development company, founded in 1986 by Carl Panattoni. Since then, the company has developed more than 65,000,000 SF of space. Currently one of the largest developers of build-to-suit projects in the country, Panattoni develops, leases, owns and manages industrial, office and retail properties. It currently manages a 33,000,000 SF portfolio.

For more information about Panattoni, visit the company website at www.panattoni.com or contact either John M. Pagliari, Partner, at (847) 294-5290 or Michael P. Murphy, Partner, at (847) 294-5291 at the Rosemont, IL-based Chicago regional office.

Contact: Nikki Block, President, Block Associates, Inc. (847) 615-2855

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