Press Releases

CEO OF CHICAGO-BASED CENTERPOINT PROPERTIES NAMED 2007 NAIOP NATIONAL CHAIRMAN
Michael Mullen Will Lead Nation's Top Association for Real Estate Development

November 29, 2006

Washington, D.C. — Michael Mullen recently accepted the leadership gavel to begin his term as national chairman of the National Association of Industrial and Office Properties (NAIOP) - the nation's leading trade association for developers, owners, investors and other professionals in industrial, office and mixed-use commercial real estate.

Mullen accepted the gavel from 2006 Chairman Robert Cutlip, managing director of First Industrial Realty Trust Inc., during development '06: the annual conference for commercial real estate.

"NAIOP is pleased that Mike is serving as our national chairman," said NAIOP President Thomas J. Bisacquino. "His extensive involvement in the commercial real estate industry and his contributions to NAIOP certainly give him an edge as our chairman, and we look forward to his leadership throughout the year in all aspects of our membership, and especially within our government affairs arena."

Mullen joined NAIOP in 2001 and is a member of NAIOP's Chicago chapter. He serves as a NAIOP-PAC Trustee and a Research Foundation Governor. He is past chairman of NAIOP's government affairs and member of the industrial education committee, and currently chairs the CEO Retreat advisory board.

"NAIOP is the top organization that represents, fosters and protects the interests of developers, owners and investors in commercial real estate, and I'm excited to lead this organization in 2007," said Mullen. "My goal is to build and establish the association in strength by strengthening our voice on Capitol Hill and providing the best resources available to the industry."

Mullen is co-founder and CEO of CenterPoint Properties Trust, which owns leases and manages more than 47 million square feet of facilities in the Chicago area. He handles all aspects of the company's investment activities and property operations.

Throughout his 30-year career, he has acquired, built or leased more than 400 industrial buildings in metropolitan Chicago, aggregating in excess of $3.5 million. Mullen's high profile projects include the O'Hare Express Center; the first private/public airfreight complex developed on O'Hare International Airport, the new O'Hare Express North, the new International Produce Market in Chicago, the 1.7 million square foot Ford Motor Manufacturing Campus in Chicago, the $1 billion redevelopment of the former Joliet Arsenal in Joliet, Ill., and the new 1,200 acre, $188 million Intermodal center in Rochelle for the Union Pacific Railroad.

About NAIOP: The National Association of Industrial and Office Properties is the nation's leading trade association for developers, owners, investors and asset managers in industrial, office and mixed-use commercial real estate. Founded in 1967, NAIOP comprises more than 14,000 members in 53 North American chapters and provides networking opportunities, educational programs, research on trends and innovations and strong legislative representation. For more information, visit www.naiop.org.

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