Largest Industrial Lease Executed in the Bay Area in the Last Decade

LOS ANGELES, Oct. 28 /PRNewswire/ -- Overton Moore Properties (OMP), announced
today that it has signed the largest warehouse/manufacturing lease that has
been executed over the past 20 years in the San Francisco Bay Area with
Solyndra, Inc. Headquartered in Fremont, CA, Solyndra designs and manufactures
photovoltaic systems, comprised of panels and mounting hardware, for the
commercial rooftop market and has a contractual backlog of over $ 2 billion.
OMP and Solyndra signed a 12 year lease for the 506,490 square foot Page
Technology Park, in Fremont, CA. "This is a great way to finish up 2009 with
the leasing of Page Technology Park. This is terrific news for the market and
we successfully executed our business plan for this asset," noted Timur
Tecimer, President & COO of Overton Moore Properties.

Although the specific terms of the lease were not disclosed, it is reported
that the total value of the lease is in excess of 45 million dollars. Solyndra
also has an option to acquire the property during part of the lease term. "OMP
believed, as did we, that the heavy infrastructure and clear height along with
the building's size were very desirable attributes for the emerging cleantech
segment of the market. Solyndra was always on the radar given their pipeline
of business, but we had very detailed discussions with a number of other
larger tenants as well. We still see opportunity in this sector," notes Rob
Shannon, CBRE.

Page Technology Park will be a back-end facility for Solyndra that will
support the recently announced construction of its second solar panel
manufacturing plant. Solyndra is the first company to receive a loan
guaranteed by the U.S. Department of Energy under Title XVII of the Energy
Policy Act of 2005.

OMP recently acquired the property in December 2008 from Hewlett- Packard
(HP). The property was acquired when the capital markets were in a tailspin
and when the commercial real state market had stalled. OMP was one of the few
buyers in the marketplace that could actually close deals during the fourth
quarter of 2008. OMP acquired the property in an all cash transaction with a
six month lease back from HP. "We were very conservative in our underwriting
and had a margin of safety with our downtime, free rent and rental rates,"
noted Tecimer. OMP acquired the asset due to the acquisition price, unique
features of the building infrastructure, lack of direct competition, freeway
access and submarket location.

The property, built in 1982, consists of manufacturing, warehouse, labs, and
office/work area representing 506,490 square feet on nearly 30 acres. OMP
strongly believes in acquiring assets below replacement in exceptional infill
locations. The property has substantial infrastructure in place including 21
kVA utility service, 100% air-conditioned facilities, epoxy-coated ESD
concrete slab floors, overhead power distribution bars in the manufacturing
area, emergency power, 25-28' clear heights, fully calculated and ESFR
sprinkler systems.

The acquisition by OMP in December 2008 was their first industrial acquisition
in Northern California. OMP will continue to strategically acquire assets in
Northern California as well as in other markets in Southern California,
Arizona and Nevada. Assets that will be targeted include: vacant buildings,
buildings with roll-over risk within the first two years, asset repositioning
and re-development. OMP through its investment fund OMP Industrial III
acquires industrial assets on an all cash basis.

OMP was represented by Rob Shannon, Joe Kelley and Ben Knight of CBRE and
Greig Lagomarsino of Colliers International and Solyndra was represented by
John Olenchalk of GVA Kidder Mathews.

Overton Moore Properties (OMP) is a privately held company that specializes in
real estate development, acquisition, master planning, marketing, asset
management, property management, construction management, and financial
reporting of industrial, office and mixed-use projects. OMP has acquired and
developed more than 34 million square feet of office, industrial and retail
product. Founded in 1972, the firm is based in the Los Angeles area. OMP's
long-term franchise value in the market, local market knowledge, deep
relationships with tenants and the brokerage community, strong institutional
relationships, and impeccable reputation have contributed to its success
throughout the past 36 years.

SOURCE Overton Moore Properties

Joely Swenson of Overton Moore Properties, +1-310-354-2466, fax,
+1-310-608-7997, JSwenson@omprop.com