Devnet and The Johnston Group -TJG- Announce Partnership to Offer Carrier-Neutral Telecommunications Access to TJG Tenants.

Business Editors

WESTPORT, Conn.--(BUSINESS WIRE)--May 19, 2000

Devnet/TJG Partnership Brings Tenants Unmatched Value and Choice

Devnet LLC, a leading provider of carrier-neutral telecommunications access infrastructures to commercial office properties, and The Johnston Group (TJG), a leading real estate services firm based in California, today announced their plans to deliver Devnet's telecom access services to TJG tenants.

Devnet's carrier-neutral telecommunications access infrastructure provides tangible benefits to both TJG and its tenants. TJG will simplify building management by installing a single infrastructure which allows access to multiple carriers, rather than the complexity and hassle of multiple carriers installing their own infrastructures. TJG tenants are given their choice of carriers, and can get their telecom and data networks up and running more quickly than having to wait for individual carriers to install their equipment.

"Because our primary strategy is complete tenant satisfaction, we found the Devnet solution particularly attractive," says Cal Johnston, chairman of The Johnston Group. "Tenants have the right to choose among multiple carriers and can benefit from the state-of-the-art telecommunications services and technologies that Devnet makes available. We welcome the opportunity to join forces with Devnet to deliver highest quality telecom solutions to our tenants."

And TJG realizes cost savings by eliminating the need to rebuild and upgrade the networks in its buildings--with the Devnet guarantee that its infrastructure will support new technology for the next 15 years, TJG avoids functional and technical obsolescence.

"We are pleased to partner with an industry leader like The Johnston Group," says Phil DiGennaro, president and chief operating officer of Devnet. "One of their core strategies is to create a working environment to enhance employee productivity, and Devnet offers just such a solution. A focus on tenant satisfaction is a priority for Devnet, so teaming with The Johnston Group makes perfect sense. Together, we meet our corporate goals and provide leading-edge tenant solutions that make employees' jobs easier. It's an ideal fit."

About Devnet

Devnet serves building owners with complete management of their communications infrastructure by both installing a state-of-the-art network with unlimited bandwidth and providing existing master non-exclusive cooperative agreements with integrated communications service providers. As the "access landlord," controlling the telecommunications access rights for approximately 50 million square feet of commercial real estate buildings for various institutional and private owners, Devnet brings building owners of all sizes revenue potential otherwise unattainable to any individual property owner.

About The Johnston Group

The Johnston Group (TJG) is a privately owned multi-faceted real estate firm with over 40 years of experience throughout the western United States. With a specific focus on the office and R&D sectors, TJG blends it skills and experience to create value for its partners and itself. Its principals have expertise in all areas of the commercial real estate industry, including building development, leasing and management, financing, property acquisition, and sales and valuation. TJG owns over 600,000 square feet of office and retail space along the 101 Technology Corridor in the West San Fernando Valley of Los Angeles, California and plans to expand significantly in the next decade.