Prime Group Realty Trust Signs Several Leases at Continental Towers Complex in Rolling...

Prime Group Realty Trust Signs Several Leases at Continental Towers Complex in Rolling Meadows, Illinois

CHICAGO--(Business Wire)--
Prime Group Realty Trust (NYSE: PGEPRB), a Chicago-based real
estate investment trust ("PGRT" and the "Company"), announced that
American Express Travel Related Services Company, Inc. has renewed a
23,726-square-foot lease, and that Environmental Resources Management,
Inc. has leased 23,608 square feet, at the Continental Towers office
complex in Rolling Meadows, Ill.

In separate transactions, Paul Buckingham and Peter Livaditis of
CB Richard Ellis represented American Express for its lease renewal at
Tower Three of Continental Towers, while Steven Joseph and Noah Turner
of CBIZ Gibralter Real Estate Services, LLC. represented Environmental
Resources for its lease at Tower One at Continental Towers. Julie
Mertins represented Prime Group Realty Trust in both transactions.

Popular for its convenient location along the Northwest Tollway on
Golf Road, the three-building, Class A office complex comprises
910,796 square feet and houses more than 45 businesses. Named in 2004,
2005 and 2006 as "The Office Building of the Year" for the Chicago
Suburban market by the Building Owners and Managers Association
(BOMA), Continental Towers continues to provide a stellar environment
for the more than 2,200 employees who work in the complex.

About Prime Group Realty Trust

Owned by one of the largest private real estate owners in the
country, The Lightstone Group, Prime Group Realty Trust is a
fully-integrated, self-administered, and self-managed real estate
investment trust (REIT) which owns, manages, leases, develops, and
redevelops office and industrial real estate, primarily in
metropolitan Chicago. The Company owns 9 office properties containing
an aggregate of 3.4 million net rentable square feet, one industrial
property comprised of approximately 120,000 square feet, a joint
venture interest in one office property comprised of approximately
101,000 net rentable square feet and a membership interest in an
unconsolidated entity which owns extended-stay hotel properties. It
leases and manages approximately 3.5 million square feet comprising
all of the wholly-owned properties. In addition, the Company is also
the managing and leasing agent for the approximately 959,000 square
foot property located at 77 West Wacker Drive in Chicago, Illinois,
and the approximately 1.5 million square foot Citadel Center office
building located at 131 South Dearborn Street in Chicago, Illinois.
For more information about Prime Group Realty Trust, contact the
company's Chicago headquarters at (312) 917-1300 or visit its website
at www.pgrt.com.

About the Lightstone Group

The Lightstone Group is one of the country's largest privately
held real estate companies with interests in residential, office,
retail, hospitality, and industrial real estate assets. The company,
principally through its related operating entities, Prime Retail,
Extended Stay Hotels, and Prime Group Realty Trust, owns a diversified
portfolio of over 687 hotels, 18,000 residential units and
approximately 29 million square feet of office, industrial and retail
properties in 46 states, the District of Columbia, Canada and Puerto
Rico. Headquartered in New York, The Lightstone Group employs
approximately 14,000 staff and professionals and maintains regional
offices in Maryland, South Carolina, Illinois and New Jersey. For more
information on The Lightstone Group, call 800-347-4078 or visit
www.lightstonegroup.com.

Certain statements contained in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 that reflect management's
current views with respect to future events and financial performance.
The words, "believes," "expects," "anticipates," "estimates," and
similar words or expressions are generally intended to identify
forward-looking statements. Actual results may differ materially from
those expected because of various risks and uncertainties, including,
but not limited to, changes in general economic conditions, adverse
changes in real estate markets as well as other risks and
uncertainties included from time to time in the Company's filings with
the Securities and Exchange Commission.

Prime Group Realty Trust
Jeffrey A. Patterson
President and Chief Executive Officer
312/917-1300
or
Paul G. Del Vecchio
Senior Vice President--Capital Markets
312/917-1300

Copyright Business Wire 2008