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Lincoln County is the Place to be for The Keith Corporation

September 15, 2005

The Lincoln County Industrial Park continues to be the location of choice for The Keith Corporation. It was announced today at the Lincoln Economic Development Association’s September Board of Directors meeting that The Keith Corporation will develop a 38,480 square foot speculative manufacturing and distribution facility in the Lincoln County Industrial Park. Depending upon final specifications by the end-user, The Keith Corporation expects to invest $1,600,000 to $1,850,000 in the project. This will be the company’s fourth shell building in the park.

“This building size should capture a segment of the market that we feel is active and has not been previously targeted in the Lincoln County Industrial Park” commented Alan Lewis, industrial development partner with The Keith Corporation.

Identified as Shell V, the facility will be constructed on a 5 acre site on Lincoln County Parkway. The facility will sit between Robb & Stucky, which is currently undergoing a $4,000,000 expansion and a new 220,000 square foot facility that is currently under construction and will be occupied by LeeBoy. This facility has been designed to attract a variety of manufacturing and distribution users. It offers 24’ clear height, 40’ x 40’ column spacing, 4 dock doors, 1 drive-in door, and an attractive front office entrance along Lincoln County Parkway. The building will be expandable to 51,280 square feet and offers the flexibility for two-story offices.

The announcement of Shell V comes only three weeks after The Keith Corporation announced it would develop a 106,000 square foot shell on a twenty acre site that fronts US 321. Shell V is the latest of several successful facilities in the Lincoln County Industrial Park that have been developed by The Keith Corporation. The company has developed facilities for RSI Home Products, R.W. Garcia Company, Australian Manufacturing, Crate&Barrel and LeeBoy. The company also has another 60,000 square foot shell building permitted and ready to go based upon tenant demand.

According to Barry Matherly, executive director of Lincoln Economic Development Association, “This is a clear indicator of how hot the demand is at the Lincoln County Industrial Park. The Keith Corporation has an excellent reputation and can build anywhere in the region or state, but decided the best site for two new shell buildings is in our park. We are excited about the future.”

Merriman Schmitt/Architects, Inc. is the project architect, and Choate Construction is the general contractor.