Roddy Inc. Industrial & Commercial Realtors

Francis T. Roddy, President of Roddy Inc., the Bensalem based industrial and commercial real estate brokerage firm that handled both transactions, advised that Direct Group, LLC, a world class provider of direct mail services, has leased the former Zany Brainy distribution center at 800 Arlington Boulevard in the Commodore Business Center, Swedesboro, New Jersey. The 250,232 sq. ft. building is located on 27.02 acres. Simultaneous with leasing 800 Arlington Boulevard, Direct Group extended its lease on its existing 167,000 sq. ft. building at 100 Berkeley Drive in the Commodore Business Center. Both facilities are owned by Liberty Property Trust, a New York Stock Exchange real estate investment trust. The aggregate value of the two (2) long-term Lease Agreements is in excess of $15,000,000.00.

The 800 Arlington Boulevard property that was originally constructed for Zany Brainy is a one-story building of 250,232 sq. ft. featuring 30' clear heights, an ESFR sprinkler system, 31 cross-docked tailgate loading doors and 2 drive-in doors. The facility is expandable to 500,000 square feet and Direct Group reserves rights for such expansion. The 100 Berkeley building consists of 167,000 sq. ft. and features 30' clear heights, an ESFR sprinkler system, extensive tailgate loading doors and drive-in doors. The facility is expandable to 267,000 square feet and Direct Group reserves rights for such expansion. The facilities are conveniently located adjacent to Route 322 offering convenient access to Exit 11 of Interstate 295, the New Jersey Turnpike, Commodore Barry Bridge, Interstate 95 and the Blue Route.

Manny Ortiz, President and CEO of Direct Group, advised that the long-term commitment to the state-of-the-art facilities offering a total of 417,232 sq. ft. will enable Direct Group to aggressively expand and provide the highest level of service in the industry to its world-class customers. Further, Ortiz stated its employment at Commodore Business Center will grow from 300 to approximately 1,200.

Rob Jones, Vice President of Liberty Property Trust, stated that Direct Group is another fine example of Liberty Property Trust being able to accommodate fast growing companies' need for space. Direct Group first leased 67,000 sq. ft. in 1996, expanded to 167,000 sq. ft. in 2000 added 23,000 sq. ft. in 2001 and 25,000 sq. ft. in 2002 and now 250,232 sq. ft. in 2004.

The senior management of Direct Group, together with funds advised by private equity firm Schroder Ventures US, acquired Direct Group, a leader in the premium, time-sensitive, volume-mailing segment of the direct mail industry in April, 2004 for a combined consideration of approximately $50 million. Direct Group was acquired from Prinexus, Inc. Direct Group provides a full suite of direct mail services, including printing, letter shop, laser and other personalization, fulfillment, data services and creative consulting through long-term partnerships with world-class customers. The company has other facilities in Swedesboro and Robbinsville, New Jersey, and corporate offices in West Trenton, New Jersey.

Schroder Venture Partners, LLC (“Schroder Ventures US”) is one of six affiliated international private equity organizations advising over $7.5 billion of funds under management in 11 offices located in North America, Europe and Asia. The firm is focused on middle market investment opportunities in the media, business services, communications and technology services sectors in partnership with management. Schroder Ventures US currently advises the $270 million Schroder Ventures US Funds.

Headquartered in Bensalem Township, Bucks County, PA, Roddy Inc. is a marketer, manager and developer of industrial and commercial real estate throughout eastern Pennsylvania and southern New Jersey. Their clients include regional, national and international companies and financial institutions. For more information about the company, visit the corporate website www.rod