Project	Location	Sq. Ft.	Completion
EWR International Air Cargo Center 1	Newark, New Jersey	187,955	01/1998
EWR International Air Cargo Center 2	Newark, New Jersey	75,056	04/1999
SDF Federal Express Sort Facility	Louisville, Kentucky	112,302	02/2000
MIA LanChile Air Cargo Facility	Miami, Florida	384,046	08/2001
MIA Fine Air Cargo Facility	Miami, Florida	127,332	08/2001
Federal Express Sort Facility (off-airport)	Philadelphia, Pennsylvania	113,000	05/2001
Federal Express Sort Facility (off-airport)	Worcester, Massachusetts	88,590	09/2001
ARN DHL Worldwide Express Cargo Facility	Cincinnati, Ohio	34,789	06/2002*
ARN SAS Flight Kitchen	Stockholm, Sweden	130,287	11/2002*
ARN SAS Maintenance Hangar	Stockholm, Sweden	44,703	11/2002*
ARN SAS Cargo Facility	Stockholm, Sweden	199,898	11/2002*
JFK Tract 8 Air Cargo Facility	New York, New York	262,515	06/2003
JFK Tract 9A Air Cargo Facility	New York, New York	172,100	06/2003
CVG DHL Airways Cargo Hub	Cincinnati, Ohio	742,000	07/2003
ARN Intermodal Mail Sort Facility	Stockholm, Sweden	240,801	In Planning
*Acquired Facilities
Completed New Developments		1,088,281	SF
Acquired Properties		409,677	SF
New Developments Under Construction		1,176,615	SF