Success Continues in 2007 for Northern New Jersey's Top Industrial Real Estate Team

Teterboro, NJ, April 15, 2007 – Lee & Klatskin Associates announced today that the Knee/Kossar team once again led the Teterboro office in production with 19 transactions totaling 715,885 square feet in the first quarter.

The team, which is co-led by David E. Knee, SIOR, Principal/Executive Vice President and Robert C. Kossar, SIOR, Principal/Executive Vice President has been one of the most prolific brokerage teams in New Jersey since its formation in 2004.  Chris Hile, Vice President, Nate Leonard, Associate and Casy Pannuto, marketing assistant round out the team which focuses primarily on larger industrial real estate transactions on the New Jersey Turnpike Corridor.

“Rob and David’s team continues to exceed expectations – quarter after quarter.  Not only for us, but for our clients as well,” commented Charles Klatskin, Chairman & CEO of Lee & Klatskin Associates.

Transaction highlights included:

• 140,000 square foot sublease in South Brunswick, NJ with Coaster Furniture
• 108,330 square foot lease in Mahwah, NJ with AMB Property Corporation
• 93,319 square foot lease in Addison, IL with St. Georges Warehouse
• 65,000 square foot lease in Carlstadt, NJ with Agfa Healthcare
• 51,500 square foot lease in Carlstadt, NJ with Donna Karan

About Lee & Klatskin Associates

Headquartered in Teterboro, New Jersey, with a regional office in Edison, Lee & Klatskin Associates is the leading industrial real estate service firm in New Jersey.  Core services offered by the firm include commercial/industrial property leasing, sales, consulting, property management and construction services.  For over four decades, Lee & Klatskin’s dedicated staff has enabled the firm to become am industry leader, serving the real estate needs of owners, investors and users throughout the marketplace.  As a member of the Lee & Associates Group of Companies, Lee & Klatskin continues to offer clients the same level of service they have come to expect in New Jersey, nationwide with 31 offices in the United States.

About AMB Property Corporation

AMB Property Corporation® is a leading global developer and owner of industrial real estate, focused on major hub and gateway distribution markets throughout North America, Europe and Asia.  As of March 31, 2007, AMB owned, or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects expected to total approximately 128.2 million square feet (11.9 million square meters) in 40 markets within 13 countries. AMB invests in properties located predominantly in the infill submarkets of its targeted markets. The company's portfolio is comprised of High Throughput Distribution® facilities which are built for speed and located near airports, seaports and ground transportation systems