Majestic Realty Co.
Press Release
January 19, 2007

Majestic Realty Co. Leases Remaining Parcel of Land at Citrus Plaza

76 Gas Station/Convenience Store Joins Shopping Center Site

REDLANDS, CALIF – Jan. 19, 2007 -- Majestic Realty Co. today announced that Golden State Petroleum, Inc. has signed a long-term lease for 54,000 square feet of land near the intersection of Alabama and Lugonia in Redlands. The space, adjacent to Citrus Plaza shopping center, and close to the Highland (30) and San Bernardino (10) freeways, will house a 3000 square foot convenience store/gas station and car wash operating under the 76 gasoline brand name, scheduled to open in early 2008. According to company president, David Delrahim, Golden State, whose headquarters are in Calabasas, operates several additional 76-branded gas stations/convenience stores in California.

“We are delighted to join so many outstanding retail merchants at Citrus Plaza,” said Delrahim. “This location is ideal for our business and we are pleased to be part of this high quality Majestic Realty project.”

Citrus Plaza, now 100% leased, includes anchor stores Kohls, Target, Sport Chalet, Bed, Bath & Beyond and Barnes & Noble. Developed by Majestic Realty Co., the center was built by Majestic-owned Commerce Construction Co., LP.

John Hunter represented Majestic Realty in brokering the lease.

About Majestic Realty Co. Founded in 1948, Majestic Realty Co. is one of the nation’s oldest and largest privately held real estate firms, with an office, retail and industrial portfolio totaling more than 70 million square feet. The Southern California-based company is a diversified real estate developer specializing in the planning and development of premier master planned business parks and retail centers.

Headquartered in City of Industry, Majestic Realty also has offices in Atlanta, Dallas, Denver and Las Vegas. For information or leasing opportunities, visit www.majesticrealty.com.

Media Contact:
Saul Rosenthal
Schechter/SFR Public Relations
(303) 763-6916