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GID INVESTMENT ADVISERS LLC ACQUIRES 701 EAST 22ND STREET IN LOMBARD, IL

Boston - (March 8, 2007) - GID Investment Advisers LLC (“GID”) announced today that it acquired on behalf of an affiliate, Windsor Realty Fund IV-2002 L.P. (“WRF-IV”), 701 East 22nd Street in Lombard, Illinois. The property is a first-class office building located in the highly desirable East-West Tollway submarket of Chicago. The 173,000 square foot building is 92% occupied.

The partnership of Romanek Properties and Urdang Associates on behalf of the Delta Pension Fund sold the premier property to an affiliate of WRF-IV. GID, acting as general partner, acquired the property on behalf of WRF-IV. Darryl Asack from Spaulding & Slye Investments, WRF-IV’s operating partner, lead the acquisition. Spaulding & Slye, has selected Jones Lang LaSalle as the exclusive leasing and property management agent.

Tenants include The Marketing Store, Raddon and 1st Advantage Mortgage. The property amenities include a deli, conference facility and fitness center. In addition, the building is situated in close proximity to the numerous hotels, restaurants and retail amenities in the immediate area.

This is the fourth acquisition in WRF-IV, GID’s second suburban office investment fund. The investment strategy is to acquire properties built since 1980 with quality tenant rosters in institutional locations. Target markets are the Mid-Atlantic region, Philadelphia, Northern N.J., Greater Boston, Suburban Chicago, Atlanta and South Florida.

 




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