New Office and Technology Center Under Way in Bothell, Wash.

BOTHELL, Wash.--(BUSINESS WIRE)--June 23, 2006--Ground has been broken on Woodlands Technology Campus in Bothell, a spectacular new Class A office campus offering over 700,000 square feet of available space.

Located in Canyon Park Business Center, the four-building, 35-acre development is expected to attract a range of high-technology, bio-medical and other businesses. The site offers easy freeway access, a robust fiber optic system and abundant amenities -- all in a protected natural setting with ponds, streams and walking paths.

Site preparation has begun on Building One, an 85,000 square foot, three-story office building currently available for lease. It is expected to be completed by early next year, with the first tenant occupying space on March 1, 2007.

The three buildings of phase two construction can be configured in a variety of ways to offer up to an additional 620,000 square feet to meet the space needs of a variety of tenants.

Strategically located, Woodlands Technology Campus (WTC) is just minutes away from Bellevue, Everett and Seattle. Directly off I-405 and only three miles from I-5, WTC is the ideal setting for growing and expanding companies. It has freeway exposure to the Bothell Everett Highway (SR-527).

Companies seeking state-of-the-art telecommunications and data services will find all of their requirements met at Woodlands. The campus is connected to Canyon Park's Fiber Optic Conduit System, a sophisticated, redundant infrastructure that encompasses the entire business park.

"Woodlands Technology Campus offers the perfect setting for companies involved in the technology and medical arenas," said Steve Penn, managing director/asset services for CB Richard Ellis, handing development for WTC. "The campus has a flexible site design allowing for customized buildings to suit the needs of any company -- all surrounded by stunning natural beauty."

Leasing arrangements are being coordinated through Scott Davis of the Bellevue office of CB Richard Ellis at 425-462-6912.

About CB Richard Ellis

CB Richard Ellis, recognized as a leader throughout the industry, provides on-site property management, leasing and project management services. For over 16 years, CBRE has afforded its customers at Canyon Park the highest level of customer service, making the project one of the area's premier business locations.

CONTACT: for CB Richard Ellis Barry Bartlett, 206-285-0673 Cell: 206-335-4694 KEYWORD: WASHINGTONINDUSTRY KEYWORD: REAL ESTATE BUILDING/CONSTRUCTION PRODUCTSOURCE: CB Richard Ellis

<<Business Wire -- 06/26/06>>

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