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KENSINGTON BUSINESS PARK

Boston - (December 18, 2002) - The General Investment & Development Companies (“GID”) announced today that it acquired on behalf of an affiliate, Windsor Realty Fund-VI L.P. ("WRF-VI"), a seven building, 452,684 square foot industrial/flex portfolio. The portfolio is located within Kensington Business Center, a 300-acre, 3.25 million square business park located in Mount Prospect, IL. Kensington Business Center is the 10th largest industrial business park in the Chicago market and is located just 10 miles north of O’Hare Airport. Kensington Business Center, developed throughout the 1980’s by Opus Corporation, offers its tenants a unified, mature business park setting, excellent access to the airport, as well as proximity to a well-educated labor pool. The park has attracted such prominent tenants as DST Output, Stenograph, Metropolitan Life, AT&T, Cummins Diesel, and Caremark. Robert Karp, Senior Vice President for GID commented, “Kensington is an excellent fit with the target market objectives for our industrial/flex acquisitions program including a proven location desirable to high image users in the time-tested Chicago industrial market, which has long been a favorite of institutional owners.”

WRF-VI, a GID wholly owned entity formed in 2002, is actively pursuing acquisition opportunities in markets such as Atlanta, Chicago, Minneapolis, New Jersey, and South Florida.

 




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