Meritex Enterprises Announces Sale of Three Columbus Assets

Twin Cities based Meritex Enterprises, Inc. announces the sale of three single-tenant assets totaling 245,586 square feet in the Columbus, Ohio market to ProLogis. Meritex purchased the buildings in 2003 as part of a 1.1 million square foot portfolio acquisition from RREEF. The sale of these assets complements Meritex's strategy to own multi-tenant office/warehouse properties in key U.S. markets. "Meritex will continue to execute its strategy of providing industrial space solutions to its customers in cost effective, well-located properties in major markets throughout the United States," commented Dan Williams, Chief Investment Officer of Meritex.

Company Information:

Meritex Enterprises, Inc. is a private real estate investment and management company that acquires, develops, owns and operates commercial real estate, primarily institutional grade, multi-tenant industrial properties. The Company owns, leases and manages 10.5 million square feet of commercial real estate in 11 markets in the U.S. Its portfolio consists of multi-tenant industrial, office and subsurface industrial properties. The company's properties are located in Atlanta, Chicago, Columbus, Denver, Houston, Indianapolis, Kansas City, Memphis, Minneapolis-St. Paul, Nashville, and Warren, OH. In addition, a subsidiary, Meritex Logistics, provides third party logistics services in Chicago, Kansas City, Memphis, Nashville, Warren and St. Paul.

Additional information can be found at the Company's website www.meritex.com.