THE KROGER CO. LEASES 551,897-SQUARE-FOOT FACILITY FOR $207 MILLION

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LOS ANGELES COUNTY, CALIF. — Cincinnati-based The Kroger Co. has signed a 30-year lease to occupy Birtcher Distribution Center at Paramount, a planned 551,897-square-foot facility located in Los Angeles County, for $207 million. Upon completion, Ralphs and Food 4 Less, two Kroger Co. supermarkets, will utilize the state-of-the-art, dry-good facility to service stores in Southern California. Construction is slated to begin in early 2008. A partnership between Birtcher Development & Investments and Cornerstone Real Estate Advisors owns the property. David Norrie and Art Rasmussen of CB Richard Ellis represented The Kroger Co. in the transaction; Bob Crenshaw and Steve Sprenger of Grubb & Ellis represented Birtcher Development & Investments.

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