TCC

California Palms Business Center is a $102 million, 2.1 million square foot development jointly owned by Trammell Crow Company (NYSE:TCC) and ING Clarion Partners. Over 1.8 million square feet of buildings have already been leased or sold. Construction completion is expected in the fourth quarter of this year. California Palms Business Center is one of three industrial developments totaling 4.3 million square feet currently under construction in the Inland Empire. Payless Shoe Source, the largest specialty family footwear retailer in the Western Hemisphere, is expected to take occupancy in the first quarter of 2007. This new 415,000 square foot facility will be used to warehouse and distribute shoes and related products. Tom Bak, senior managing director of TCC, commented that, �We are pleased to be able to offer Payless a strategic location and�a building that will enable them�to deliver their goods and services with speed and cost effectiveness. Building solutions for our customers is our business." California Palms Business Center consists of 101 acres in the heart of the Inland Empire East,�just two miles from the intersection of the 10 and 215 freeways. David Nazaryk, managing director of TCC, remarked, "we are pleased with the design and configuration of the project site plan, which provides six buildings divisible for multi-tenant use that utilize a variety of cross-dock and front loading�features and range in size from 54,000 to 784,000 square feet.� Listing broker Jim Koenig, first vice president of CBRE, represented California Palms. Payless Shoe Source was represented by Dan de la Paz, first vice president of CBRE Ontario, and Bayne Porter, vice president of CBRE Atlanta. About ING Clarion ING Clarion Partners, a leading real estate advisor to US pension funds and international investors has $35.9 billion in total assets under management in the private equity, public equity and public debt sectors of the real estate markets. Headquartered in New York, ING Clarion has 700 employees located in major markets across the United States. The firm is the North American real estate investment management affiliate of The ING Group, one of the world�s largest integrated financial services companies; ING has $695 billion in global assets under management, including $97 billion in global real estate assets in Continental Europe, the United Kingdom, North America, Asia and Australia. About Trammell Crow Company Founded in 1948, Trammell Crow Company is one of the largest diversified commercial real estate services companies in the world. The company provides building management, brokerage, project management, and development and investment services to both investors in and users of commercial real estate. In addition to its full service offices located throughout the United States, the company has offices in Canada, Europe, Asia and Latin/South America focused on the delivery of real estate services to user clients. The company delivers brokerage services outside the United States through strategic alliances with leading providers - in Europe and Asia, through Savills, plc, a leading property services company based in the United Kingdom; and in Canada, through JJ Barnicke, a leading Canadian real estate services provider. The company delivers building management, brokerage, and project management services in India through Trammell Crow Meghraj, India�s leading property services company jointly owned by the company and certain international partners. Trammell Crow Company is traded on the New York Stock Exchange under the ticker symbol �TCC� and is located on the Internet at www.trammellcrow.com California Palms Business Center is a $102 million, 2.1 million square foot development jointly owned by Trammell Crow Company (NYSE:TCC) and ING Clarion Partners. Over 1.8 million square feet of buildings have already been leased or sold. Construction completion is expected in the fourth quarter of this year. California Palms Business Center is one of three industrial developments totaling 4.3 million square feet currently under construction in the Inland Empire. Payless Shoe Source, the largest specialty family footwear retailer in the Western Hemisphere, is expected to take occupancy in the first quarter of 2007. This new 415,000 square foot facility will be used to warehouse and distribute shoes and related products. Tom Bak, senior managing director of TCC, commented that, "We are pleased to be able to offer Payless a strategic location and a building that will enable them to deliver their goods and services with speed and cost effectiveness. Building solutions for our customers is our business." California Palms Business Center consists of 101 acres in the heart of the Inland Empire East, just two miles from the intersection of the 10 and 215 freeways. David Nazaryk, managing director of TCC, remarked, "we are pleased with the design and configuration of the project site plan, which provides six buildings divisible for multi-tenant use that utilize a variety of cross-dock and front loading features and range in size from 54,000 to 784,000 square feet." Listing broker Jim Koenig, first vice president of CBRE, represented California Palms. Payless Shoe Source was represented by Dan de la Paz, first vice president of CBRE Ontario, and Bayne Porter, vice president of CBRE Atlanta. About ING Clarion ING Clarion Partners, a leading real estate advisor to US pension funds and international investors has $35.9 billion in total assets under management in the private equity, public equity and public debt sectors of the real estate markets. Headquartered in New York, ING Clarion has 700 employees located in major markets across the United States. The firm is the North American real estate investment management affiliate of The ING Group, one of the world's largest integrated financial services companies; ING has $695 billion in global assets under management, including $97 billion in global real estate assets in Continental Europe, the United Kingdom, North America, Asia and Australia. About Trammell Crow Company Founded in 1948, Trammell Crow Company is one of the largest diversified commercial real estate services companies in the world. The company provides building management, brokerage, project management, and development and investment services to both investors in and users of commercial real estate. In addition to its full service offices located throughout the United States, the company has offices in Canada, Europe, Asia and Latin/South America focused on the delivery of real estate services to user clients. The company delivers brokerage services outside the United States through strategic alliances with leading providers - in Europe and Asia, through Savills, plc, a leading property services company based in the United Kingdom; and in Canada, through JJ Barnicke, a leading Canadian real estate services provider. The company delivers building management, brokerage, and project management services in India through Trammell Crow Meghraj, India's leading property services company jointly owned by the company and certain international partners. Trammell Crow Company is traded on the New York Stock Exchange under the ticker symbol "TCC" and is located on the Internet at www.trammellcrow.com