ScanlanKemperBard--Blake Hunt Ventures Announce Lease with Whole Foods Market for Trolley Square.

SALT LAKE CITY -- Trolley Square owner, ScanlanKemperBard Companies (SKB), in conjunction with development partner, Blake Hunt Ventures (BHV), has announced the execution of a lease agreement with Whole Foods Market (Nasdaq: WFMI) as part of a major renovation and expansion of the historic shopping center located in the heart of Salt Lake City.

The proposed Whole Foods flagship store will occupy a 53,260-square-foot building designed to complement the rich history and architectural fabric of Trolley Square. Beneath the store, two levels of underground parking will be added, freeing up much of the existing northeast surface parking for attractive cobblestone paths, fountains, fireplaces and sitting areas.

"We are delighted to have Whole Foods Market join this extraordinary property," said Tom Bard, principal, EVP Asset Management and Chief Compliance Officer for SKB. "Adding Whole Foods to Trolley Square's existing group of quality retailers will nicely complement our objective to offer the Salt Lake community a collection of specialty retailers unlike any other in the state."

"After five years of actively looking for the ideal location, we are thrilled to finally announce that we will be coming to Trolley Square," said Walter Robb, Co-president and Chief Operating Officer for Whole Foods Market. "With plenty of patience and perseverance, we have found a fantastic downtown location to serve Salt Lake City as it continues to grow and diversify, and we look forward to becoming a part of the community."

Heralded as the world's largest natural foods chain, Whole Foods Market boasts 189 locations in North America and Great Britain, and is well-known among food aficionados as a paradise of culinary treasures from authentic artisans and renowned purveyors of produce, meat, seafood, cheese, coffee and baked goods.

"Whole Foods Market is one of the most-dynamic retailers in the country and anchors some of the finest retail projects currently in development, such as Columbus Circle in Manhattan," said Mark Blancarte, BHV Vice President of Development. "We understand that Whole Foods has been looking at the Utah market and Salt Lake area for several years, and we are pleased to facilitate their entry into Utah with Trolley Square's one-of-a-kind venue."

Phase One of the Trolley Square renovation, which begins in January 2007 and will be completed that summer, includes a $6 million redevelopment of the property's main 160,000-square-foot, two-level retail building and its surrounding landscape. Phase Two will be seen in the $12 million Whole Foods building and underground parking structure on the northeast corner of the block.

"Whole Foods' ability to increase the vibrancy and energy of Trolley Square, as well as the frequency of visits, will have a very positive impact on the activity within the center," added Blancarte. "We are eager to work with city planning officials and Whole Foods Market as we set our sights on commencing this 16-month construction project sometime in fall/winter 2007."

About Whole Food Market

Founded in 1980 Texas, Whole Foods Market([R]) is the world's leading retailer of natural and organic foods, with 189 stores in North America and the United Kingdom. To date, Whole Foods Market remains uniquely mission driven: We're highly selective about what we sell, dedicated to stringent Quality Standards, and committed to sustainable agriculture. We believe in a virtuous circle entwining the food chain, human beings and Mother Earth: each is reliant upon the others through a beautiful and delicate symbiosis. www.wholefoodsmarket.com

About ScanlanKemperBard Companies

ScanlanKemperBard Companies, LLC, was founded in early 1993 in Portland, Ore. Since then, SKB has become one of the West's leading real estate merchant banking firms specializing in opportunistic investment in Western U.S. projects having total capitalization in the $15 million to $100 million range. To date, SKB's portfolio activity is in excess of $1.99 billion and 15.7 million square feet. More than 750 high-net-worth individuals, families and trusts throughout the U.S. invest with SKB through SKB Securities in minimum units of $100,000. For additional information, visit http://www.skbcos.com.

About Blake Hunt Ventures

Blake Hunt Ventures is a private real estate development and services company based in Danville, California. BHV's strategy is to develop, lease and manage retail and mixed-use projects, including single-family and multi-family residential projects in northern California and the West. Since the 1980s, the BHV team has developed, acquired, leased or managed millions of square feet and more than 100 projects in California, Nevada, Oregon and Washington. BHV currently has more than $400 million in projects under development. For additional information, visit http://www.blakehuntventures.com