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Goldberg Kohn Represents CME In Lease of New Operations Facility in Chicago


August 11, 2006

CME, the world's largest and most diverse financial exchange, today announced that it will increase its presence in Chicago to include a new operations facility at 550 W. Washington in the city's West Loop, owned by Trizec Properties, Inc. CME will maintain its lease for its headquarters at Chicago Mercantile Exchange Center on Wacker Drive in Chicago. The company also will continue to maintain its trading floor facilities at that same location, pursuant to an existing long-term lease agreement with the CME Trust.

"Our real estate strategy is part of a long-term vision designed to allow CME to achieve flexibility as we continue to grow as a leading global financial services and technology company," said CME Chairman Terry Duffy. "We are proud of our more than 108-year history in the city of Chicago, and we continue to be committed to the city's growing business community."

"With this new facility, CME will reduce its projected spending on real estate by nearly $80 million over the next 17 years, as well as continue to diversify our physical operations and enhance the quality of our workspace for all CME employees," said CME CEO Craig Donohue. "This expansion and diversification of our workspace is in keeping with our rapid growth as a financial technology company and our recent recognition by Computerworld Magazine as one of the top 100 places to work in technology."

"I am delighted to see CME expand its operation here in Chicago. This will create more local jobs and keep us competitive in the global market," said Mayor Richard M. Daley. "I look forward to working together for continued economic and financial growth in our City."

CME's new lease provides for over 200,000 square feet at 550 W. Washington. The company plans to start taking occupancy in the second quarter of 2007 and, by 2010, plans to locate 60 percent of its workforce at 550 W. Washington. CME's lease for 550 W. Washington extends to 2023, and financial terms of the lease were not disclosed.

Holly Duran, Jason Schulz and Rich Schulz of Holly Duran Real Estate Partners, LLC, CME's real estate advisor, and James B. Rosenbloom, partner of Goldberg Kohn, Bell, Black, Rosenbloom & Moritz Ltd., CME's real estate counsel, represented CME. Both firms have more than 25 years of experience handling CME real estate matters. OWP/P served as architectural counsel.

Goldberg Kohn Bell Black Rosenbloom & Moritz, Ltd. is an 85-attorney law firm located in downtown Chicago. Goldberg Kohn has served as outside real estate counsel to CME for over 25 years. Lawyers in the Real Estate Group at Goldberg Kohn form a cohesive team experienced in virtually every aspect of real estate transactions. The firm's real estate clients include long-term, intermediate and construction lenders, mezzanine lenders, entrepreneurs, developers, landlords, general contractors, engineers, syndicators and investors.