WENTZ GROUP COMPLETES CONSTRUCTION OF
101 ELLSWORTH IN DOWNTOWN SAN MATEO

$15.5 million facility is the first Class-A building to be built
in the downtown area in 20 years

SAN CARLOS, CA -- (July 15, 2002). Wentz Group, a leading California-based general contractor for 28 years, recently completed a $15.5 million contract for the construction of the 101 Ellsworth office building. This building will be the first Class-A office building in downtown San Mateo in 20 years. Construction began in April 2000 and was completed this month. The project is a joint venture between the National Electrical Benefit Fund, advised by Chadwick-Saylor, and Glenborough Realty Trust, a San Mateo-based REIT.

"Wentz provided exceptional standards of quality and service on this highly detailed project," said Dan Levin, senior vice president of development for Glenborough. "The hands-on expertise and attention to detail provided by the project manager and the superintendent were critical to the success of the building."

The 6-story, 86,000 square-foot office building was designed to mirror the historical district of San Mateo. The context of the building marries the character and style of the 1800’s with modern building techniques. Constructed of structural steel, the exterior is fashioned in earth toned EIFS with highlighted decorative details around doors and windows. Atop the structure is a Spanish-style, Stanford-blend tile roof, which blends with other area buildings. The structure features a six-level center tower and two, four-level wings, which provide a gracious and gradual scale change in appearance. The two wings have rooftop gardens with spectacular 360-degree views of the Bay Area.

The project is a welcome addition to downtown San Mateo. It is esthetically attractive with a friendly urban streetscape that includes a lighted pedestrian path and trees along Ellsworth and First Avenues. It also offers new, state-of-the-art Class-A office space for the downtown area. Finally, there is a 3-level, 228-stall subterranean parking structure, which will be open to the public after business hours and on weekends.

The highly detailed interior features a circular lobby with hand-painted lime wash walls and a rotunda ceiling. An intricately designed limestone and marble floor is reflected in the mirrored dome ceiling above. Custom designed brass and burnished iron handrails and wall sconces provide elegant accents. The interiors of the three elevators are decorated with metal-etched silk-screen images of turn-of-the-century San Mateo landscapes created from historical photographs.

Merrill Lynch will occupy the entire fourth floor of the building. Discussions are currently underway for tenant occupancy for the remainder of the building.

"Removing the pre-existing building and digging 35-feet to the water table for the 3-level subterranean parking structure was a challenge," said Chris Thompson, senior project manager for Wentz Group. "As a result of careful planning and timely execution, we were able successfully complete the subsurface work."

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, shopping centers, tenant improvements, office buildings, industrial facilities and distribution centers. Among the many projects currently being constructed 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 located 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 the construction project.

Wentz Group is a leader in its market areas and is 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
(650)801-1028
or susans@wentzgroup.com

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