Cummings Properties Media Release - September 20, 2007

Cummings Properties named to the "A List" of the nation's top 25 real estate firms
Cummings Properties Media Release

Each year BUILDINGS Magazine presents its list of the nation's top "A List" real estate firms. The widely read ranking of the "top 25 organizations to watch" somewhat mirrors the "Top 100 America's Best Colleges" report, presented annually by U.S. News and World Report.

The top three firms, as determined by this survey, are Chicago's Jones Lang LaSalle; Hines Company of Houston, with its 23,000 real estate professionals; and ProLogis, which is based in Denver. The "A List," which appears in the just released September issue of BUILDINGS, recognizes Cummings Properties at #19.

Other well known names well ahead of Cummings on the "A List" are Cushman & Wakefield, #4; C. B. Richard Ellis, #7; U.S. General Services Administration, #9; The Boeing Company, #11; Kaiser Permanente, #13; Walmart Stores, #16; and HCA Healthcare, #18. Cushman & Wakefield notes in the report that it manages more than 1.7 billion square feet of space.

Cummings Properties says it is delighted to be ranked #19 on such a prestigious list for 2007. According to Bill Cummings, "This is an extraordinary testament to the more than 300 dedicated men and women who make their careers with Cummings Properties. It is only through working so well and so efficiently together, in such an entirely collaborative way, that we could ever begin to achieve this recognition."

The publication makes prominent mention of Cummings Properties building the new Middlesex Superior Courthouse project in Woburn, and the remarkable construction progress there. "When we turn that completed building over to the Commonwealth, in another 13 weeks or so," noted Cummings, "heads will really turn, given the fast-track design and build schedule."

BUILDINGS noted that "the majority of players featured in The A List are companies whose core competency is building development, ownership, and management. What sets them apart from their corporate, institutional, and governmental peers is their ambitious commitment to operational excellence, business metrics, and sustainability - no conservative approaches here."

It added, "Cummings Properties may never be among the largest or most powerful real estate firms; however, it is certainly among the industry's most unique . . . it is likely among the very largest un-leveraged firms in the industry."

"Few builders of any size would be able to deliver this fully fit-up, 7-story, highly complex courthouse in less than a year. And, remarkably, the Cummings quote was reportedly just half that of the next lowest bidder. This small firm definitely gets the big picture."

Cummings Properties, headquartered in Woburn, operates mostly commercial real estate in the northern and western suburbs of Boston. With its very large in-house staff, the firm is considered highly unusual in an age of outsourcing and specialization.

Although most of Cummings Properties' holdings reportedly have been donated in bulk to Cummings Foundation, Inc., also in Woburn, it is currently building TradeCenter 128, right next to the Courthouse. This mammoth 400,000 square foot speculative office building is also immediately adjacent to Interstate 95 in Woburn, between exits 34 and 35.

"The entire steel framework is expected to be complete within hours," said Michael Pascavage, AIA, the recently appointed chairman of the 35 year-old firm, "and this new structure will soon be among the most prominent and distinctive Class "A" buildings along the entire length of I-95."

Cummings Properties operates 9 million square feet mostly in the north of Boston suburban market. It is now marketing space in TradeCenter 128 for delivery beginning May 1, 2008.

1. Jones Lang LaSalle
   Chicago, IL
   
   
2. Hines
   Houston, TX
   
   
3. ProLogis
   Denver, CO
   
   
4. Cushman & Wakefield Inc.
   New York, NY
   
   
5. Liberty Property Trust
   Malvern, PA
   
   
6. PM Realty Group
   Houston, TX
   
   
7. CB Richard Ellis
   Los Angeles, CA
   
   
8. The University of Iowa Facilities Management
   Iowa City, IA
   
   
9. U.S. General Services Administration's Public Buildings Service
   Washington, D.C.
   
   
10. Los Angeles Unified School District
    Los Angeles, CA
    
    
11. The Boeing Co.
    Chicago, IL
    
    
12. RREEF North America
    San Francisco, CA
    
    
13. The Opus Group
    Minnetonka, MN
    
    
14. Kaiser Permanente
    Oakland, CA
    
    
15. Transwestern
    Houston, TX
    
    
16. Wal-Mart Stores Inc.
    Bentonville, AR
    
    
17. Akridge
    Washington, D.C.
    
    
18. HCA
    Nashville, TN
    
    
19. Cummings Properties LLC
    Woburn, MA
    
    
20. The Lightstone Group
    Lakewood, NJ
    
    
21. Carter
    Atlanta, GA
    
    
22. USAA Real Estate Co.
    San Antonio, TX
    
    
23. CenterPoint Properties
    Oak Brook, IL
    
    
24. Lincoln Property Co.
    Dallas, TX
    
    
25. Kimco Realty Corp.
    New Hyde Park, NY