Trammell Crow Named Master Developer at Kansas City International Airport

KANSAS CITY, Mo., August 16, 2006 - The Kansas City Aviation Department has announced that Dallas-based Trammell Crow Company has been hired as master developer for the KCI Business Airpark, located on the southeast corner of the airfield at Kansas City International Airport.

As master developer, Trammell Crow will seek to attract tenants on the KCI Business Airpark property, including air cargo facilities, logistics firms, distribution facilities, light manufacturing and commercial office space.

?The City of Kansas City, Missouri is committed to transforming Kansas City International Airport into a major center for manufacturing, intermodal shipping and commercial development,? said Wayne Cauthen, city manager, City of Kansas City, Missouri. ?This partnership is the next step in our plan to leverage KCI?s strategic location to attract jobs and industry to our community.?

?Trammell Crow has experience all over the world and has initiated development projects at several major airports,? adds Mark VanLoh, director of the Kansas City Aviation Department. Recent Trammell Crow development projects include airports in Dallas/Ft. Worth and Houston, Portland, Ore. and Calgary, Alberta.

To help accelerate on-airport development, the Kansas City Aviation Department has decided to extend Tiffany Springs Parkway westward from Interstate 29 along the southern boundary of the KCI property to make the KCI Business Airpark more accessible and attractive to prospective tenants.

With a centralized location, one of the nation?s largest Foreign Trade Zones and easy access to four Interstate highways, KCI presents a prime opportunity for developers, manufacturers, shippers and freight forwarders looking to expand their businesses.

Founded in 1948, Trammell Crow Company is one of the largest diversified commercial real estate services companies in the world. The company provides building management, brokerage, project management, and development and investment services to both investors in and users of commercial real estate. In addition to its full service offices located throughout the United States, the company has offices in Canada, Europe, Asia and Latin/South America focused on the delivery of real estate services to user clients. The company delivers brokerage services outside the United States through strategic alliances with leading providers - in Europe and Asia, through Savills, plc, a leading property services company based in the United Kingdom; and inCanada, through JJ Barnicke, a leading Canadian real estate services provider. The company delivers building management, brokerage, and project management services in Southeast Asia through Trammell Crow Meghraj, India?s leading property services company jointly owned by the company and certain international partners. Trammell Crow Company is traded on the New York Stock Exchange under the ticker symbol ?TCC? and is located on the Internet at www.trammellcrow.com.

The Kansas City Airport System is an enterprise fund department of the City of Kansas City, Missouri, and is supported wholly by airport user charges. No general tax fund revenues are used for the administration, promotion, operation, or maintenance of the airports in the system. Visit www.flykci.com for more information.

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Media Contact:

JOE MCBRIDE