Mitsui Fudosan America, Inc. Promotes Christopher Perez to Senior Vice President

NEW YORK, June 23 /PRNewswire/ -- Mitsui Fudosan America, Inc. (MFA),
the U.S. subsidiary of Japan's largest real estate company, Mitsui Fudosan
Co., Ltd., today announced the appointment of Christopher N. Perez as
Senior Vice President. Mr. Perez joined MFA as Assistant Director of
Property Management in 1988, and brings more than 20 years of experience in
commercial real estate leasing, asset management and investment to his new
position. Mr. Perez is based in the company's U.S. headquarters at flagship
property 1251 Avenue of the Americas, and will report to CEO Hiroki Saito.
Most recently, Mr. Perez served as the Vice President of the Asset
Management & Leasing department at MFA, where he was responsible for
portfolio assets totaling more than three million square feet and
successfully leased more than two million square feet.

During his tenure with Mitsui Fudosan, Mr. Perez has managed leasing
activity, workouts and other transactions in New York, Washington D.C., New
Jersey, Los Angeles and Chicago. He recently completed a 44,000 square foot
lease with Paulson & Company and renewed the lease of Bank of
Tokyo-Mitsubishi-UFJ for over 200,000 square feet in 1251 Avenue of the
Americas. This property was the recipient of BOMA's Award for Excellence in
1996 and 1997 and FIABCI's Prix d'Excellence in 1999.

"In his expanded role, Chris will oversee the firm's Asset Management &
Leasing department and the firm's U.S. office building portfolio," said Mr.
Saito. "Chris' extensive experience and tireless work ethic have been
critical to our successful return to U.S. commercial real estate markets
and in attracting established and dynamic tenants to our growing portfolio
of office properties. As we reflect back on Chris' many contributions, we
also see a bright future ahead as Chris continues to devote his energies to
value-add projects, including our revitalization of 100 William Street in
lower Manhattan."

About Mitsui Fudosan America

Mitsui Fudosan America, Inc. (MFA) is a real estate investment and
development company headquartered in New York, NY. MFA is the U.S.
subsidiary of Mitsui Fudosan Co., Ltd. Japan's largest publicly quoted real
estate company. MFA's history in the U.S. markets dates back to the early
1970's and includes its acquisition and redevelopment of the renowned
Halekulani Hotel in Waikiki, Hawaii, with additional investments in San
Francisco, Los Angeles, San Diego, Washington, D.C., Chicago and New York.
MFA's flagship commercial property is located in Rockefeller Center at 1251
Avenue of the Americas in New York, one of the city's most prestigious
business addresses.

About Mitsui Fudosan Co., Ltd.

Mitsui Fudosan Co., Ltd., the parent company of Mitsui Fudosan America,
Inc., is Japan's largest comprehensive real estate company with a history
of innovation that has kept it at the forefront of the real estate
industry. The company is focused on creating value for its investors and
maintaining its position as a global leader. Throughout the years, Mitsui
Fudosan was responsible for the sponsorship of Japan's first REIT (2001),
and the development of Japan's first factory outlet (1995), Tokyo
Disneyland (1983), Japan's first regional shopping mall (1981), and Japan's
first office skyscraper (1968).

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