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TURNER DEVELOPMENT’S MEDICAL PARK AT RIVERWALK SATISFIES NEED FOR MODERN MEDICAL OFFICE FACILITIES IN RIVERSIDE

Medical Park at Riverwalk is part of Turner Riverwalk, a one million square-foot master-planned business park in the Inland Empire

RIVERSIDE, Calif., (August 18, 2008) – In an area that is starved for modern medical office facilities, Turner Development has announced completion of the final phase of the Medical Park at Riverwalk. These two new medical office buildings have access to hundreds of thousands of residents and more than 3,000 daytime workers on-site. The new medical park will satisfy a need for modern medical office facilities in Riverside, Calif.

Medical Park at Riverwalk, located near four neighborhood hospitals, will have a Grand Opening celebration for area physicians and their staffs on August 14th from 11 a.m. to 2 p.m. A medical office expert panel will be on site to offer advice on space planning, tenant improvements, financing and interior design.

“The Medical Park at Riverwalk satisfies Riverside’s demand for quality medical office space in not only a growing area with more than 300,000 prospective patients, but an area known for time worn medical space,” said Rusty Turner, president of Turner Development. “The prime location, near Parkview Community Hospital, Corona Regional Medical Center, Riverside Community Hospital and Kaiser Permanente, coupled with the business park’s outstanding amenities, makes for a truly remarkable opportunity for physicians.”

The Class A medical office buildings, totaling approximately 66,000 square feet, are located at 4234 and 4244 Riverwalk Parkway in Riverside, Calif.

Michael Kendall of Turner Development is marketing the two medical office buildings for sale or lease. Offices range in size from 1,000 square feet to 19,500 square feet.

According to Turner, Medical Park at Riverwalk’s campus-like setting includes a beautifully landscaped environment with trails, water features, promenades and outdoor eating areas, which provide a better working environment for physicians and their staffs, as well as a more appealing setting for patients.

Medical Park at Riverwalk is located within Turner Riverwalk, a one million square-foot master planned business park. Turner Riverwalk is comprised of 400,000 square feet of office space, 375,000 square feet of R&D and industrial space, 100,000 square feet of medical office space, 125,000 square feet of retail including 11 restaurants and a 129-room executive style hotel.

Turner Development Corporation is a privately held, Newport Beach-based real estate investment firm that specializes in the acquisition and development of commercial and industrial real estate in Southern California. Since 1979 the firm has successfully acquired and developed approximately 5.5 million square feet of commercial and industrial properties and more than 270 acres of land into master planned mixed use business parks throughout the Southern California area.

PHOTO CAPTION: Medical Park at Riverwalk is located within Turner Riverwalk, a one million square-foot master-planned business park in the Inland Empire