Binswanger/CBB Named Exclusive Agent for Sale of Pharmacia Corporation Property in Oita, Japan.

Business Editors

PHILADELPHIA--(BUSINESS WIRE)--Jan. 30, 2003

Pharmacia Corporation has named Binswanger/CBB exclusive agent for the sale of its 56,830 sq. ft. high-tech production facility on 18 acres in Oita, Japan.

This exceptional one-story facility features pre-cast concrete walls; ceiling heights to 31' clear; steel columns; fully sprinklered; all utilities; 15,910 sq. ft. of modern office space; cleanrooms for quality control and testing; two dock-high doors with levelers; and is crane-served. The acreage included with the property presents a tremendous opportunity for expansion.

Oita offers an excellent transportation infrastructure, including domestic and international air service, maritime transportation, and a road and rail network that connects Oita to each prefecture of Kyushu. The property is just one mile to a rail station for the Nippo Main Railway Line and two miles to Route 10 which offers direct access to Oita Airport. Oita Airport is an international shipping port and provides 11/2 hour connections to Tokyo.

Headquartered in Philadelphia, PA, Binswanger/CBB is a founder of Chesterton Blumenauer Binswanger, an international, full-service real estate organization with over 160 offices worldwide throughout the U.S., Canada, Mexico and South America, the U.K. and Europe, the Middle East, Asia, South Africa and Australia.