OFFICE PROPERTY SALES

Recent sales of office property in downtown Minneapolis and downtown St. Paul.

Downtown Mpls. 2001 2002 2003 2004 2005 2006 2007

Transactions closed 6 3 4 15 13 7 8

Total square feet 647,202 322,006 990,008 4,479,317 3,970,343 4,317,634 2,994,847

Total price (millions)  $49.1  $19.9 $178.9 $526.7 $504.2 $780.9 $344.8

Downtown St. Paul 2001 2002 2003 2004 2005 2006 2007

Transactions closed NA NA 3 0 2 5 4

Total square feet NA  NA 447,099  0 568,433 1,556,266 1,796,120

Total price (millions) NA NA $20.6 0 $91.3 $194.2 $84.9

Figures as of Nov. 26, 2007 Source: United Properties