Meritex Leases Westbelt Spec Building Ahead of Schedule

* Reuters is not responsible for the content in this press release.

Thu Apr 17, 2008 5:01am EDT 

  COLUMBUS, OH, Apr 17 (MARKET WIRE) -- 
 Meritex Enterprises announced today that it signed the final lease for its
52,800 SF speculative development, Exchange Center II, in Westbelt Business
Park,
achieving 100% occupancy within 14 months of building completion.  Exchange
Center II is now serving the needs of five local and national businesses.

    Jill Evans, Columbus Portfolio Manager for Meritex, stated, "It's about
delivering the right product in the right market at the right price." Meritex
owns 1.7 million SF serving 57 tenants in the greater Columbus area, including
Gahanna, Groveport, and Rickenbacker. The leasing success Meritex has achieved
in
Columbus illustrates its understanding of the unique needs of the smaller
user.

    RjBoll Realty, Ltd. exclusively represented Meritex in leasing Exchange
Center II.
 Ray Boll commented, "I'm proud to be a part of the success of the first
spec building developed in Westbelt since 1980.  Exchange Center II leased even
faster than we projected," to which Jeff Boll added, "If you believe in the
building you represent, you can lease it faster to quality tenants. We believe
in
this product and in the continuing strength of the Westbelt sub-market."

    About Meritex:

    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 over 8.5 million square feet of commercial real estate in 9 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,
Nashville,
and Warren, OH.  In addition, a subsidiary, Meritex Logistics, provides third
party
logistics services in Kansas City, Memphis, Nashville, and Warren, Ohio.

    See the Company's website for additional information: www.meritex.com.

    

Contact:
Jill Evans
614-771-5700

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