Real Estate Transaction: US Bancorp Building

Property: US Bancorp Building, 800 Nicollet Mall, Minneapolis, MN

Buyer: Wells Operating Partnership, LP

Seller: MN-Nicollet Mall, LLC

Source: Buyer

Sale Date: April 2003

Sale Price: $174,000,000

Unit Price: $187.16/sq. ft.

Net Rentable Area: 929,694 sq. ft.

Gross Building Area: 1,209,452 sq. ft.

Zoning: B4-2, Downtown Business District

Utilities: All Available

Topography and Soil: Level, assumed stable

Visibility and Access: Good

Age: 2000

Land Size: 52,474 sq. ft.

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