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For Immediate Release


$14.7-million facility delivered on time at a 5% cost savings

IRVINE, CA -- (March 28, 2002). Wentz Group, a leading California-based general contractor for 28 years, recently completed a $14.7-million contract for Crown Realty and Development Corporation for the construction of the new Wateridge II office building. Located in Los Angeles at 5140 – 5150 Goldleaf Circle, construction began on Wateridge II in November 2000.

"We selected Wentz Group because they were able to provide estimating, pre-construction services and value engineering alternatives, while maintaining our bottom line. Their cost saving suggestions for the design of the building resulted in a 5% savings below budget," explained Roderick MacDonald, owner representative for Crown Realty and Development Corporation. "Wentz Group did an incredible job of thoroughly soliciting sub bids from many subcontractors, while keeping an eye on our budget. The entire team at Wentz Group, from the estimator to the project manager to the superintendent, did an incredible job and completed the project on time."

Designed by Nadel Architects, Inc., the modern 204,000-square-foot corporate office building is well articulated with spectacular panoramic views stretching from the Santa Monica Bay to Los Angeles. The five-story office building was constructed of a structural steel frame and EIFS / Plaster and semi-reflective blue glass exterior walls. Two flourishing atriums grace the polished marble lobby of Wateridge II. The walls are adorned with steamed beech wood. The floor is patterned in custom-colored concrete and each level is garlanded with a glass balcony.

Wateridge II has an enchanting park-like campus with a 25,000-square-foot outdoor amphitheater, which seats 30 people. The three-tiered amphitheater is blanketed with a lighted trellis. In addition, the property has a tranquil pond with a trickling water feature, two putting greens, a built-in barbecue, two relaxing hammocks and three outdoor computer data stations.

"This was a very unique project with its horseshoe-shaped (design?). It was interesting to build, because it sits on a step foundation," said Andrew Raufi, project manager for Wentz Group. "The schedule was a little challenging since the project needed to be completed within 13 months, but we did it. We’re very pleased with the results and so is the owner."

About Wentz Group

Wentz Group provides management, construction and engineering services for leading corporate users, real estate development firms and institutions with specific emphasis on hospitality projects, retail shopping centers, tenant improvements, office buildings, industrial facilities and distribution centers. Among the many projects currently being constructed by the Wentz Group is The Laguna Beach Colony, a 275-room, Five-Star resort in Southern California. In Northern California, the firm is building Creekside Plaza, a 204,380-square-foot office development featuring a single, four-story building with two, three-story buildings and a 63,882-square-foot parking structure in the city of San Leandro.

Wentz Group prides itself on providing Five-Star People and Five-Star Service to its clients through extensive, hands-on experience and principal involvement in every aspect of construction projects.

Wentz Group is a leader in its market areas and is nationally ranked as one of the largest firms of its type. Wentz Group was ranked among the top contractors in the nation in ENR's Top 400 Contractor's list. The company has its corporate office in San Carlos, California, and regional offices in Irvine, Sacramento and Livermore. For additional information, visit the Wentz Group Web site at www.wentzgroup.com

For more information, contact:
Susan Slone
or susans@wentzgroup.com

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