M Street Celebrates Opening with High-Profile Tenants

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M Street Grocery and Pacific Medical Centers

SEATTLE, Washington July 10, 2007 - M Street, a mixed-use high-rise in Seattle's highly concentrated First Hill health care corridor, recently celebrated its grand opening with newly signed tenants that include an upscale urban grocery store and medical tenant Pacific Medical Centers.

The 17-story building on 8th Avenue and Madison Street has 40,000 square feet of medical office space and is just two blocks east of I-5 and located between three of the city's largest hospitals - Harborview, Swedish and Virginia Mason medical centers.

Strategically located at the gateway to Seattle's First Hill neighborhood, M Street is a grocery anchored project developed by Opus NWR Development, L.L.C. The retail anchor is M Street Grocery, a full-scale urban market with an upscale deli, fresh seafood, sushi, garden produce and prepared foods. M Street Grocery is the only local grocery store on First Hill, serving a dense residential population, employees of neighboring businesses and M Street visitors and residents.

Pacific Medical Centers, a multi-specialty medical group, will lease 6,934 square feet of M Street medical office space for its new Diagnostic & Wellness Center for Women scheduled to open mid-August.

M Street is the ideal location for our new Diagnostic & Wellness Center for Women, said Pacific Medical Centers chief executive officer Harvey Smith. Opening our own breast center allows us to ensure the highest quality of care to our patients and M Street provides a state-of-the-art facility that is convenient and accessible. Our First Hill center will provide a new level of women's healthcare in a comforting and welcoming atmosphere.

M Street's prime location in the largest concentration of medical care in the Pacific Northwest, has attracted the medical community, apartment seekers and other retail tenants looking for greater proximity to the First Hill and downtown neighborhoods

The highly-anticipated opening of M Street amidst a Class A medical space market vacancy rate of 3% has brought increased attention and desirability to Seattle's First Hill healthcare corridor, said Opus Northwest Real Estate Director Scott Herrman. Street's large block of new contiguous Class A medical office space and prime signage visibility is positioned to serve medical and financial professionals in need of office space near I-5, Seattle's CBD and major hospitals.

Above M Street's medical office building and the grocery store is a 220-unit apartment complex that includes a private fitness center, a greenhouse, clubhouse room and business center. The apartments hit the market in spring and have been leasing quickly.

Separate building lobbies and elevators serve the offices and apartments. M Street includes three garage entrances with separate private and public access points and 270 parking stalls.

The project was pre-sold to Ohio State Teachers Retirement Systems in December 2006. Opus Northwest and Holland Partners completed M Street, a joint venture in June 2007.

EDITOR'S NOTE: High-resolution renderings of M Street are available upon request.

Project Team

Bellevue-based Opus NWR Development, L.L.C. is the developer.

GGLO of Seattle is the design architect.

Opus NW Contractors, L.L.C. is the contractor.

Pacific Real Estate Partners of Seattle is the medical office space leasing agent

Wallace Properties is the retail leasing agent

About The OPUS Group

The OPUS Group, based in Minneapolis, is a $1.9 billion premier, full-service real estate development company with nearly 55 year's experience. Specializing in office, industrial, retail, multifamily, government and institutional development, The OPUS Group has completed more than 2,300 projects and 227 million square feet, and currently has 35 million square feet in planning or development. OPUS employs 1,600 people in 28 offices in the United States and Canada. A community steward since its inception, The OPUS Group contributes 10 percent of its pre-tax profits to community organizations. For more information, visit www.opuscorp.com.