Masuda Funai Expands and Relocates Downtown Office

CHICAGO - November 4, 2003 - The law firm of Masuda, Funai, Eifert & Mitchell, Ltd. has announced the expansion and relocation of its downtown office to 26,000 square feet at 203 North LaSalle Street in Chicago. The firm moves from its existing location at One East Wacker Drive effective Monday, November 17, 2003.

"The principal objective of our relocation was to move from multiple floors to a single floor, thus promoting workspace efficiency" said Dayne Kono, Managing Partner of Masuda Funai. "At the same time, we've created a comfortable, employee friendly work environment and implemented universal office sizes, which also contributed to improved space utilization." The new 26,000-square-foot office will accommodate growth and improve operations through the use of cutting-edge technology and state of the art space planning.

"Again, we're seeing savvy law firms like Masuda Funai align their real estate needs with their business plans," said David J. Gelfand, senior managing director of the real estate advisory firm, Julien J. Studley, Inc. "By taking advantage of current soft office market conditions and carefully designing space needs, Masuda Funai benefits from improved rent-to-revenue ratios and more streamlined operations."

Gelfand, John D. Ziesmer and Stephan Richford of Studley represented Masuda Funai in the lease transaction. Additional market analysis and consulting services were provided to Masuda Funai by Yasuko Okigawa and Kay Rohan of the full service commercial real estate firm of TriStar Associates LLC, of Mt. Prospect. Masuda Funai received in-house legal representation from Keith Groebe, Chair of the Firm's Real Estate Group. Architectural and interior design services were provided by Hydzik Shade Associates of Chicago. M&J Wilkow, owner of 203 North LaSalle, was represented by Jack O'Brien.