Meritex Enterprises Leases 21,120 Square Feet to All-Pak, Inc. in Columbus, Ohio

COLUMBUS, OH -- (MARKET WIRE) -- May 2, 2007 -- Meritex Enterprises announced today that it has leased 21,120 square feet to All-Pak, Inc. in Meritex's newest development, Westbelt Exchange Center II. All-Pak is one of the top packaging distributors in the United States offering a full line of rigid packaging items -- glass and plastic bottles, closures, pumps, sprayers, metal cans, steel and plastic drums, fibre drums, and more. "All-Pak has served the Columbus market for over 25 years. This new warehouse gives us the opportunity to expand the value-added services we already provide," commented Shane Clapham, division sales manager for All-Pak.

Westbelt Exchange Center II is a Class A, 52,800 square foot office/warehouse building developed by Meritex Enterprises which was recently completed in March 2007. The building is located on the west side of Columbus in the Westbelt Business Park offering space to small/medium-sized tenants in a big-box market. "We very pleased to announce this deal which marks the first transaction at our new development project in Columbus," said Jill Evans, portfolio manager for Meritex in Columbus.

All-Pak was represented by Howard Burack of Commercial One, and Meritex was represented by Rj BOLL Realty Ltd.

Company Information: Meritex Enterprises, Inc. is a private real estate investment and management company that acquires, develops, owns and operates commercial real estate, primarily institutional grade, multi-tenant industrial properties. The Company owns, leases and manages 10.7 million square feet of commercial real estate in 11 markets in the U.S. Its portfolio consists of multi-tenant industrial, office and subsurface industrial properties. The company's properties are located in Atlanta, Chicago, Columbus, Denver, Houston, Indianapolis, Kansas City, Memphis, Minneapolis-St. Paul, Nashville, and Warren, OH. In addition, a subsidiary, Meritex Logistics, provides third party logistics services in Chicago, Kansas City, Memphis, Nashville, Warren and St. Paul. Additional information can be found at the Company's website www.meritex.com.

Contact Information: Contact: Arvid Povilaitis (651) 855-9708