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| Congress Corporate Center - Boca Raton |

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New 65,000 square foot, 3-story spec office building – construction scheduled to begin in July, 2005. |
| Contractor's Business Park – Orlando |

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Project involves development of 40 acres for use as a Business Park, with a series of out-parcels to house related wholesale functions. Construction scheduled to begin in Fall, 2005. |
| IntelliFlex – Port St. Lucie |

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Project involves development of two flex buildings, totaling 55,160 square feet, on a 4.5 acre site in the St. Lucie West development. Construction to begin in Fall, 2005. |
| IntelliFlex – Fort Myers |

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The overall development involves 8 flex buildings, totaling 268,841 square feet on a 23.2 acre site east of I-75 on Daniels Parkway. Construction on the First Phase will begin in Fall, 2005. |
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