Rain & Hail Insurance Service Renews Lease
at Two Carlson Parkway

MINNETONKA, Minn. (February 19, 2003) -- Carlson Real Estate Company is pleased to announce that Rain & Hail Insurance Service has renewed their lease at Two Carlson Parkway in Plymouth, MN.

Rain & Hail Insurance specializes in agricultural insurance and has been located at Two Carlson Parkway since 1998. Prior to that, Rain & Hail was located at One Carlson Parkway.

Carlson Real Estate Company (www.carlsonrealestate.org) is a Minneapolis-based limited partnership owned by the Curtis L. Carlson family. Carlson Real Estate Company's long-term ownership perspective provides a foundation for lasting tenant-landlord relationships. Carlson Real Estate Company's portfolio of office, industrial and retail properties concentrated in Minnesota and Arizona exceeds 5 million square feet.