Company News

U.S. DEPARTMENT OF THE TREASURY MOVES REGIONAL OFFICE TO LATHAM'S RIVERHILL CENTER:

Joins Clear Channel Radio, Northwestern Mutual, Consumer Direct Marketing, Pyramid Brokerage and 1st Advantage Dental at 100,000-Square-Foot Site

LATHAM (September 26, 2005) — Commercial real estate development company First Columbia has announced that a regional office of the US Department of the Treasury has become the newest tenant at 1205 Riverhill Center on Troy-Schenectady Road in Latham, leasing up 10,732-square-feet of space.

“We are very excited to welcome this branch of government to Riverhill Center,” said First Columbia Partner Deborah Mikhitarian. “Tax collection and tax law enforcement today is a highly technical field. We believe the extensive high-tech infrastructure in place at this facility, combined with its central Capital Region location and close proximity to Albany International Airport make it a perfect fit for them.”

Since purchasing the 17-acre site two years ago, First Columbia has invested several million dollars to transform the 100,000-square-foot Riverhill Center from a run-down health complex into a modern, high tech facility.

The US Department of the Treasury joins Clear Channel Radio, Northwestern Mutual, Consumer Direct Marketing, Pyramid Brokerage and 1st Advantage Dental as tenants of the revitalized office park. First Columbia expects to have the remaining square-feet of space at Riverhill Center fully leased by the end of 2005.

For leasing information, call First Columbia at (518) 213-1000, or go to www.riverhillcenter.com.