BNSF Railway, Ridge Property Trust Announce Memorandum on Land Deal

CHICAGO, IL, June 28, 2007 – Ridge Property Trust (Ridge) and BNSF Railway Company (BNSF) have signed a Memorandum of Understanding (MOU) for development by Ridge of a 2,000-acre, master-planned business park in Will County, Illinois. The project, RidgePort Logistics Center ® – Chicago, will ultimately consist of more than 20 million square feet of industrial distribution space and rail-served industrial buildings in addition to commercial and retail buildings to serve the park’s tenants and local residents.