June 21, 2007

Houston – PinPoint Commercial, a leading developer of commercial and industrial properties throughout the United States, announced today that it has been selected to develop and lease a 243 door, 153,853, sf cross dock freight facility to FedEx Freight East, Inc, a Segment of FedEx Corporation. Terms of the transaction were not disclosed.

Because of FedEx Freight’s continued growth and market expansion, it needed a market presence in the strategic industrial area of Northwest Houston. They found PinPoint Commercial’s Satsuma Station Industrial Park as an ideal location to fill this need. Located on 115 acres near the intersection of Highway 290 and FM 1960, this soon to be fully developed industrial park is located near several transportation corridors, including Beltway 8, Highway 290 and Highway 6, as well as the Union Pacific Railroad. The FedEx Freight facility will be one of the marquee projects within the park, encompassing over one third of the total acreage
of the park.

It is believed that this new location will be the largest hub in the FedEx Freight network. In fact, freight needs in the Houston area are estimated to grow so rapidly that FedEx decided to expand the size of the terminal from its original plan by about 1/3rd . Satsuma Station is also in a strategic location for this northwest Houston facility as it serves the heavy industrial businesses
in this area.

“We are proud to be partnered with such a prestigious organization as FedEx Freight,” said David Toone, Principal, PinPoint Commercial. “Excellent access to major thoroughfares is a vital component in locating a new freight terminal, as it is for most industrial operations. The remaining sixty acres of land for development in Satsuma Station Industrial Park is appealing to a wide variety of industrial companies which have expressed interest so far.”

“As a preferred contractor for FedEx Freight, we have built many of the company’s freight terminal facilities in southern United Statess” said Andy Erickson, Principal, Schwob Building Company. “Recognizing FedEx Freight’s demand for the highest standard of quality and service, PinPoint Commercial responded with a first class development proposal which anticipated and addressed every FedEx specification down to the finest detail. Satsuma Station Industrial Park passed the rigorous scrutiny of FedEx Freight’s operations group with flying colors. I could tell that everyone involved on the FedEx side of this project was comfortable with PinPoint Commercial as a development partner from the very beginning.”

This project is expected to be complete and open by the second quarter, 2008. Current estimates show that, at full capacity, this cross-dock facility will load and unload up to 500 trucks per day and employ over 100 people. FedEx cross-dock operations are facilities where shipments are received from one mode of transport and transferred to another mode, or where shipments complete one leg of a journey prior to commencement of another journey, ultimately arriving at their final destination.

About PinPoint Commercial

Located in Houston, TX, PinPoint Commercial is a leading national development partnership that focuses its energy on making clients successful. Because their Principals average over 23 years of real estate and development experience and have created over $163 Million in industrial, retail and medical assets, PinPoint is able to leverage its Knowledge, Process, and Relationships to ensure the best possible results for its clients. PinPoint is also developing three industrial parks comprising over 500 acres of land in the greater Houston area. Strategically located in key industrial markets in and around Houston, Texas, Satsuma Station Industrial Park serves Northwest Houston, Port Central Industrial Park is located very near the Port of Houston’s ship container terminals, and Hobby Business Center is a transportation hub, for industrial products shipped to areas south of Houston. This inventory of fully developed land allows PinPoint Commercial to offer quality build-to-suit and design/build improvements quickly and economically.

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