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WEB EXCLUSIVE
PETsMART BUILDING DISTRIBUTION CENTER IN OTTAWA, ILLINOIS

McShane Corporation will develop, lease and construct the new 1,000,000-square-foot North Central Distribution Center on behalf of Phoenix, AZ-based PETsMART, Inc. Founded in 1987, PETsMART, Inc. is the nationÕs leading retail supplier of products, services and solutions for the lifetime needs of pets. The facility will be located at McShane CorporationÕs Interstate Commerce Center, an 80-acre, master-planned business park located on Interstate 80 at Illinois Route 23 in Ottawa, IL.

Edward Lowenbaum, Witt Truit and Jason West of Trammell Crow Company, together with Eric Termansen, Western Retail Advisors, LLC represented the interests of PETsMART in the transaction. Thomas G. Barbera of Trammell Crow Company represented owner/developer, McShane Corporation. Land owners, Jerry Halterman and Dan Reynolds, Halterman-Reynolds, L.L.C., are participating partners with McShane Corporation in this sizable build-to-suit. LaSalle Bank is providing financing for the project. The design/build team of McShane Construction Corporation and Harris Architects, Inc. will immediately commence sitework and construction to provide a June 2005 project completion for PETsMART.

"McShane CorporationÕs site was selected due to its location on Interstate 80 and the firmÕs ability to structure a lease and construction completion schedule that satisfied our clientÕs immediate requirements," says Trammell CrowÕs Edward Lowenbaum. "The State of Illinois and the City of Ottawa have provided valuable assistance throughout the many phases necessary for this sizable transaction."

Mayor Robert Eschbach, City of Ottawa, has been instrumental in securing the PETsMART facility for the community. He stated, "The city has worked diligently with the development team to secure this new corporate operation within the community. We are certain that Ottawa will continue to be recognized as a strategic location for large distribution centers supporting the Midwest and North Central regions."

McShane Construction and Harris Architects will construct the new facility on a 65-acre portion of the 80-acre site at the Interstate Commerce Center utilizing a fast track, design/build approach. The aggressive construction schedule will necessitate completion in just 10 months in order to accommodate the occupancy requirements of PETsMART in June 2005.