Commercial Leasing

February 25, 2004

Commercial real estate new leasing activity in Maryland of at least 3,000 square feet:

Tenant Landlord Location Square footage Agent(s)

Pet Valu Inc. Botzler-Emory Columbia L/P 7079 Oakland Mills Road, Columbia 33,840 A. Sunderland, Manekin, for the tenant; M. Ryan and B. Kelly, RCR, for the landlord.

RABA Technologies Inc. Merritt Properties 8830 Stanford Blvd., Columbia 13,860 V. Bagli Jr., R. Bowman and S. Shaw, MP, for both parties.

Antek Healthcare MIE Properties 213 Business Center Drive, Reisterstown 9,000 R. Freedman, CC, for the tenant; R. Williamson, MIE, for the landlord.

Denali Solutions Lucent Technologies 7164 Columbia Gateway Drive, Columbia 6,921 M. Gill, J. Wimbrow and G. Applestein, Mac, for the tenant; K. Penny, CB, for the landlord.

DEI Group MIE Properties 1127 Benfield Blvd., Millersville 5,400 R. Freedman, CC, for the tenant; R. Williamson, MIE, for the landlord.

Critical Care Systems Inc. MIE Properties 806 Cromwell Park Drive, Glen Burnie 4,500 C. Van Ravensway, BP, for the tenant; R. Williamson, MIE, for the landlord.

ABBREVIATIONS: BP - Bayshore Partners; CB - CB Richard Ellis; CC - Corridor RF&S Commercial Real Estate Group Inc.; Mac - MacKenzie Commercial Real Estate Services/ONCOR; MAM - Metropolitan Assets Management; MIE - MIE Properties Development; MP - Merritt Properties; RCR - Ryan Commercial Real Estate LLC

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