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CB Richard Ellis/Hubbell Commercial Advises Van Vactor, LLC on $8.9 Million Sale

WEST DES MOINES, Iowa (September 19, 2006) – CB Richard Ellis/Hubbell Commercial, the leading commercial real estate broker in Iowa, announced today that its Private Client Group advised Van Vactor, LLC in the sale of its 300,500 SF, net-leased industrial building located in Plymouth, Ind. for $8.9 million to Lexington Properties, Inc. Bay Valley Foods will remain as the tenant. CB Richard Ellis/Hubbell completed the transaction through a coordinated effort of its Iowa Private Client Group, consisting of Vice Presidents of CB Richard Ellis/Hubbell Commercial Linda Gibbs, CCIM, SIOR and Tim Sharpe, CCIM, SIOR. Through the vast nationally-integrated network of private client group professionals, the Iowa Private Client Group is able to assist in the acquisition, disposition or exchange of commercial real estate anywhere in the country.

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