Carlson Real Estate Company Promotes Three

Minneapolis, MN - April 25, 2006 - Carlson Real Estate Company is pleased to announce the promotion of three key contributors to the organization’s growth and vitality.

Wayne Teig has been promoted to Vice President.  In addition to overseeing The Oaks Business Park development in Oakdale, Minnesota, as well as other new investments in the Twin Cities, Mr. Teig is also charged with managing Carlson Real Estate Company’s entry into a third market in the Southeastern United States. Mr. Teig joined Carlson Real Estate Company in June 1997 and played an integral role in the development of Two Carlson Parkway, Carlson Center East I, and 301 & 401 Carlson Parkway, totaling 800,000 square feet of new Class A office space in the Twin Cities market.

Kris Harris has been promoted to Senior Director, overseeing the operations of all of Carlson Real Estate Company’s Twin Cities area properties, including the prestigious Carlson Center.  Taking on these additional responsibilities allows Wayne Teig to continue to enhance his focus on new investments and developments.  Ms. Harris has more than 10 years of commercial real estate experience, having managed residential, office, industrial, and retail properties throughout her career.

Mark Schlitter has been promoted to Vice President-Finance.  Over the past several years Mr. Schlitter has rapidly expanded his responsibilities within Carlson Real Estate Company, most notably in the areas of property financings and tax projections. Mr. Schlitter is a certified public accountant and has worked in finance and accounting roles for more than 20 years. He joined Carlson Real Estate Company in 1993.

“These promotions recognize the leadership that Kris, Wayne and Mark have provided and also the alignment that is necessary as we move ahead with our Strategic Growth Plan,” said Matt Van Slooten, President of Carlson Real Estate Company. “We are very excited about the growth that we have underway, and we are fortunate to have so many people, especially people like these three outstanding individuals, who are eager to grow along with the organization.”

Carlson Real Estate Company is an affiliate of Carlson Companies, parent company of Radisson Hotels, TGIFriday’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 and Arizona exceeds 5 million combined square feet. For more information about Carlson Real Estate Company, visit www.carlsonrealestate.biz.

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