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Walgreen Real Estate Press Release

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					PRESS RELEASE

FOR IMMEDIATE RELEASE

Contact:
Chris Sproles                               Jessica Wilhoite
407.839.3109                                407.839.3158
chris.sproles@cbre.com                      jessica.wilhoite@cbre.com


                  WALGREENS RELOCATING TO SOUTH PARK CENTER
                                                         ***

Orlando – February 15, 2007 – CB Richard Ellis, Inc., the world's leading commercial real
estate services provider, is pleased to announce that Walgreens is relocating certain customer
support functions to a new, state-of-the-art facility known as 700 South Park Center.
Walgreens recently leased 43,464 square feet, which represents the entire second floor of the
property.

Chris Sproles of CBRE Orlando and Chris Hook, of CBRE’s Call Center Solutions Group in
Phoenix, represented Walgreens in this transaction. The 700 South Park Center building is part
of a 176 acre office park located on John Young Parkway near the Beachline. John Guitar of
Flagler Development represented the landlord in this transaction.

Flagler Development Group (Flagler) owns, develops, leases and holds in joint ventures
approximately 8.8 million square feet of Class-A office and industrial space, as well as an
additional 1,056,700 square feet under construction.



About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, is the world’s
largest commercial real estate services firm (in terms of 2006 revenue). With over 24,000 employees, the Company
serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate and
partner offices). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate
services; property, facilities and project management; mortgage banking; appraisal and valuation; development
services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.

				
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