Meritex Announces 2009 Leasing Activity in the Columbus, Ohio Market

COLUMBUS, OH--(Marketwire - January 14, 2010) - Meritex announced today that 2009 was its most successful year for leasing activity since entering the Columbus, Ohio market in 2003. Over 550,000 square feet of renewals or new leases were signed in 2009 representing 26 transactions involving 16 of Columbus' top real estate agents at 10 industrial properties located in Columbus, Groveport, and Gahanna. Deal sizes range from a 680 square foot tenant, Media Works, at Plaza I to a 100,000 square foot tenant, Eagle Logistics, at Trade Center II, both located in the Westbelt industrial park.

"In spite of the current economic conditions, we have been fortunate to maintain our high occupancy with a lot of creative leasing," commented Jill Evans, Meritex Columbus Portfolio Manager. "With our competitive pricing, exceptional broker partners, and flexible leasing solutions, we are looking forward to another solid year in 2010."

Meritex owns and manages 1.6 million square feet with 55 tenants in Columbus, Groveport, and Gahanna. "We are proud to have in our portfolio 4 of the 50 fastest growing companies in the Columbus metropolitan area," added Jill Evans. Meritex is represented by Ray and Jeff Boll of Rj Boll Realty; Steve Kuhr of CB Richard Ellis; and Mike Linder, Shane Woloshan, Joel Yakovac, and Ben Johnson of Grubb and Ellis.

Meritex is actively seeking to expand its Class A/Class B multi-tenant industrial portfolio in Columbus.

Company Information: Meritex 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 8.0 million square feet of commercial real estate in 8 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, Columbus, Denver, Houston, Indianapolis, Kansas City, Minneapolis-St. Paul, and Warren, OH. Additional information can be found at the Company's website www.meritex.com.

Contact Information: Contact: Jill Evans (866) 528-1453