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Letter to the Editor

Allstate Leases 30,000 Square Foot Office Space in Woodland Hills, California

Allstate Insurance Company has signed a lease for 30,000 square feet of office space at Warner Center Corporate Park in Woodland Hills, California from CarrAmerica Realty Corporation.

The new space will be used to combine and expand two existing claim offices located in Woodland Hills and Ventura. Allstate plans to occupy its new Warner Center Corporate Park office in September 2002.

CarrAmerica Senior Vice President of Leasing/Marketing for Southern California, Andy Fishburn, stated, "We are very pleased that Allstate has chosen Warner Center Corporate Park for its new office. It attests to the desirability of the project and its location, especially amidst a very competitive leasing environment."

Allstate Senior Leasing Manager, Jim Keillor, commented, "Employee satisfaction is of the utmost importance to Allstate; that's why we chose Warner Center Corporate Park for our new office. It's proximate to our employee base, it provides a tranquil, campus-style setting, and CarrAmerica has a reputation for providing first-rate property management services."

Dean Chandler, Jeff Morgan, David DeFore and Jack Weber of CB Richard Ellis represented Allstate in this transaction.

CarrAmerica's Warner Center Corporate Park consists of 12 office buildings totaling 343,000 square feet.

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