Carlson Real Estate Hires United Properties Broker Team at Plaza VII Office Tower
Minneapolis, MN—August 31, 2007— Carlson Real Estate Company is pleased to announce the
appointment of a team from United Properties to represent its downtown Minneapolis Plaza VII office
tower. Senior Associates Sonja Breyfogle and Jim Montez have been retained as the new listing
brokers for this premier downtown property which sits directly above the Radisson Plaza Hotel on 7th
Street, immediately adjacent to Macy’s, and just steps from virtually everything downtown
Minneapolis has to offer, including the Warehouse District and the future Minnesota Twins ballpark.
The pair began representing the property in August.

Ms. Breyfogle has spent virtually all of her commercial real estate career working in the downtown
Minneapolis core business district, representing such properties as Butler Square, the Lumber
Exchange Building, and the iconic Foshay Tower, and has represented corporate clients such as
Marquette Bank, Caribou Coffee, Stewart Title, Cargill Pension Fund, and the University of Minnesota
Foundation. She is an active member of the Organization of Commercial Realtors (OCR), National
Association of Industrial and Office Properties (NAIOP), the Minneapolis Board of Realtors, and is
currently pursuing her Certified Commercial Investment Member (CCIM) designation.

Mr. Montez brings a wealth of experience in the industry dating back to 1988. In addition to operating
as a landlord representative he has worked with institutional investors such as Equity Office Trust,
Principal Real Estate Investors, and TIAA-CREF, and with corporate clients such as Cargill, Piper-
Jaffray, and General Mills. His credentials include time spent in a variety of areas including
development, financing, operations, marketing, and leasing. Mr. Montez is a Director on the board of
Community Housing Corporation of America, a nonprofit organization dedicated to providing
affordable housing to working families throughout the United States, and he too is actively working
towards his Certified Commercial Investment Member (CCIM).

Kris Harris, Carlson Real Estate Senior Director overseeing the company’s Twin Cities portfolio is
extremely pleased with the new team in place at Plaza VII. “Plaza VII is a signature building in our
portfolio and our only presence in the high-profile Minneapolis core business district,” she stated. “As
such, we know the value of having an aggressive and highly motivated broker team in place that can
help us achieve our ambitious leasing goals for this property. And Sonja and Jim most definitely have
the competencies, experience, and market knowledge to help us accomplish all that we have set out
to do at Plaza VII.”

Mr. Montez and Ms. Breyfogle echoed her sentiments. “We are excited to partner with Carlson to
strategically market and lease this great asset and to achieve Carlson’s vision and goals,” Ms.
Breyfogle stated. Mr. Montez acknowledged the professionalism of the Carlson staff at Plaza VII as a
tremendous advantage in the marketplace and a unifying element in the new relationship. “The
corporate cultures and the ways United Properties and Carlson Real Estate Company set about
doing business are so similar that there was a natural fit between the two groups,“ he noted. “And
Plaza VII is a unique gem of a property that any broker would be thrilled to represent. Sonja and I
work extremely well together as a team, and we try very hard to extend our personal teamwork ethic
to everything we do for our clients. Similarly, Carlson is always looking for the win-win proposition for
everyone involved.”

Carlson Real Estate Company is an affiliate of Carlson Companies, parent company of Radisson Hotels, T.G.I.Friday’s Restaurants, and other national and global businesses, and one of America’s largest privately held companies. Carlson Real Estate Company is dedicated to developing long-term client relationships by operating with caring and integrity and providing innovative and accommodating solutions. Its portfolio of office and flex/industrial space concentrated in Minnesota, Arizona, and North Carolina exceeds 6 million combined square feet. For more information about Carlson Real Estate Company, visit www.carlsonrealestate.biz

United Properties is a diversified commercial real estate company with more than 500 employees and 30 million square feet of office, industrial, retail and multi-family properties under management. The company specializes in a full complement of real estate services, including property leasing and sales, investment sales and land brokerage, property management, corporate real estate services, and construction services. The company has been recognized as one of the Twin Cities “Great Places to Work” by the Business Journal each year since 2003.Based in the Twin Cities, United Properties serves other markets through its affiliations with ONCOR International, an organization of commercial real estate companies serving more than 200 markets throughout the world, and ChainLinks Professional Resource Network, the largest retailonly full-service real estate provider in North America. United Properties is located on the Web at www.uproperties.com

Media Contact:
Brett Talbott
Marketing Manager
952-404-5016
btalbott@carlson.com