Patriot Bowl I, February 2nd, 2007

February 8, 2007, 01:03 PM

LAS VEGAS, NEVADA (AP) - The point spread for Patriot Bowl I was released today at the Mirage in Las Vegas, Nevada, with Management opening up as a 3 ½ point favorite over the underdog Sales team***. Many expected the margin to be greater based on the long arm of rookie Management QB Brian “I’m the only Division I-A athlete in the house” Walters versus that of veteran Sales QB Mike McShane. Walters, in fact, has guaranteed victory. However, the recent comebacks of Rocky Balboa and Jeff Garcia have inspired some fans to believe that McShane just might be able to lead his team to victory, resulting in a narrower-than-expected opening line.
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Patriot Acquires 1.1 Million Sq. Ft. Portfolio from Crown Cork & Seal

February 2, 2007, 08:27 AM

With assets in Chicago, IL and Omaha, NE, the transaction increases Patriot’s real estate holdings by more than 1,000,000 square feet to a total of approximately 2,500,000 square feet. By selecting Patriot, Crown was able to dispose of a diverse group of assets to a single purchaser. Patriot overcame environmental challenges, as well as varying degrees of occupancy and geographic dispersion to meet the aggressive year end timing requirements of the seller.

PORTFOLIO HIGHLIGHTS:

1. Chicago, IL

550,000 square feet of manufacturing, warehouse and R&D space, 90% leased back to Crown for 7 years; additional expansion available.

2. Omaha, NE

340,000 square feet of manufacturing and warehouse space, 30% leased back to Crown. The balance of the building and additional land will be redeveloped.

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