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buildings would be phased in over a period of time. He estimated the value of the site at $2.00 to <br />$2.25 per square foot for office /warehouse. Peterson indicated that there is some vacancy rates <br />in office /warehouse, but the rates are not too high. He again commented that the <br />office /warehouse market was not good in this particular area, and he would not foresee an <br />office /warehouse development happening during 2001. <br />KrisP \CORRESP\2000Wnttnlone Development Concept.doc <br />Page 11 <br />