SOURCE: WexTrust Capital

January 22, 2008 07:00 ET

WexTrust Capital Announces Sale of Birmingham Alabama Manufacturing Facility

CB Richard Ellis Represents WexTrust Capital in the Sale

NASHVILLE, TN--(Marketwire - January 22, 2008) - WexTrust Capital, a global private equity and specialty finance company announced today that it has sold a 294,000 square feet class A, bulk distribution and light manufacturing facility in Birmingham, Ala. for $14,400,000 to an undisclosed buyer.

Located in the Jefferson Metropolitan Industrial Park just off of Interstate 20 in close proximity to the Mercedes-Benz Assembly Plant in Vance, Ala., the property is 100 percent leased to Plastech Romulus, Inc., a designer and manufacturer of plastic injection molded automotive components. The property features 30 feet clear height, tilt-wall construction, an ESFR sprinkler system and parking for 250 automobiles.

"This state-of-the-art facility leased to Plastech Engineered Products, offers a great location in close proximity to several of Alabama's automotive plants including Mercedes in Vance, Honda in Lincoln, Hyundai in Montgomery, Toyota in Huntsville and GM in Athens," said Mike Gorney, principal of WexTrust Equity Partners, a subsidiary of WexTrust Capital. "We are very pleased with our investment in this facility since acquiring the property in 2003. I'd like to thank Don Albright and Douglass Johnson of CB Richard Ellis in the sale of this property."

WexTrust Capital's other holdings in Alabama include nine office buildings in a class A business park in Montgomery, Ala. In addition to Alabama properties, WexTrust continues to expand its presence in the southeastern U.S. with recent acquisitions in Tennessee and Louisiana.

About WexTrust Capital

WexTrust Capital is a globally diversified private equity and specialty finance company with a proven track record for protecting its clients' assets and delivering a superior return-on-investment through its diverse portfolio of principal investments. WexTrust Capital specializes in unique investment opportunities ranging from real estate to specialty finance and investment banking. Headquartered in Chicago, the company also maintains offices in New York, Norfolk, Va., Atlanta, Boca Raton, Fla., Nashville, Tenn., Tel Aviv, Israel, and Johannesburg, South Africa. More information can be found at www.wextrust.com.

About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE: CBG), an S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2006 revenue). With over 24,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate and partner offices). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. In 2007, BusinessWeek named CB Richard Ellis one of the 50 "best in class" companies across all industries. Please visit our Web site at www.cbre.com.

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