MBK Real Estate LLC


MBK NORTHWEST LTD. PROMOTES DAVE E. MOORE TO SENIOR VICE PRESIDENT

PORTLAND, OR-(August 02, 2000). MBK Northwest Ltd., a division of Irvine, California-based MBK Real Estate Ltd., has announced the promotion of Dave E. Moore to senior vice president. Moore is working in the firm's Portland, Oregon office, where he is responsible for all aspects of the company's retail development/redevelopment projects throughout the Pacific Northwest. Moore's primary responsibilities include tenant planning, leasing and construction management.

"As vice president of MBK Northwest for the last four and one-half years, Dave has been an integral part of the company's continuing success," said Mason Frank, president of MBK Northwest Ltd. "As a key member of MBK's retail group, Dave has been involved in some of the largest redevelopment projects in the Pacific Northwest, including Parkway SuperCenter, a 625,000-square-foot retail/entertainment center in Seattle, Washington. We're very pleased to have such a seasoned and respected professional as part of our management team."

"MBK has an excellent reputation within the real estate industry," said Moore. "It is an extremely well-run organization with a focus on quality and commitment to growth. I'm very pleased to be associated with a company that counts its people as a major asset and encourages its team to advance as the firm continues its rapid expansion within the industry."

Prior to joining MBK Northwest, Moore spent 10 years in commercial real estate finance and brokerage for several major companies in the Pacific Northwest.

Moore received his BA degree in international studies from the University of California, Los Angeles and is an active member of the International Council of Shopping Centers (ICSC).

MBK Northwest is currently completing the last phase of Parkway SuperCenter in Seattle and will soon begin development on the approximately 380,000-square foot retail portion of CascadeStation, a $400 million lifestyle retail and entertainment center in Portland, Oregon. The division is also in the process of acquiring two large retail redevelopment/development projects in the Seattle area.

Company Background

MBK Northwest, a division of Irvine, California-based MBK Real Estate Ltd., is a proven leader in the redevelopment, revitalization and repositioning of under-performing retail properties throughout the Pacific Northwest. MBK Northwest is also active in office and industrial development, single-tenant build-to-suits, and property management including marketing, leasing, and consulting services. Headquartered near Portland, OR, MBK Northwest is located at 4949 SW Meadows Road, Suite 675, Lake Oswego, Oregon 97035; phone 503.636.2800, fax 503.636.1331.

MBK Real Estate Ltd. and its three wholly owned subsidiaries comprise the U.S. real estate development arm of Mitsui & Co., Ltd. The company's core business activities include the acquisition, redevelopment and development of retail/entertainment, commercial, office and industrial properties; and the development and sale of single-family homes.

MBK Real Estate Ltd. is headquartered in Irvine, CA, with regional offices in Los Angeles, CA and Portland, OR. Corporate offices are located at 175 Technology Drive, Irvine, CA 92618; phone 888.MBK.TODAY; fax (949) 789-9300; or visit its Web site at (www.mbk.com).



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