Toeniskoetter & Breeding, Inc. Development Signs Lease with
Easton-Bell Sports, Inc. for New Offices in Scotts Valley

The New Facilities will serve as the sales, marketing and R&D center for the Company’s Giro, Bell, Blackburn and Easton brands.

Toeniskoetter & Breeding, Inc. Development announced today that it has leased 45,000 square feet of class A office space to Easton-Bell Sports, Inc.  The sporting goods manufacturer’s northern California office will be located at 5550 Scotts Valley Drive in Scotts Valley. Easton-Bell was formerly located in Harvey West Business Park in Santa Cruz, CA.

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When Charles J. Toeniskoetter and Dan Breeding co-founded TBI in 1983, they simultaneously created both construction and development companies. They managed the construction business themselves, but recruited a young UC Berkeley graduate whom they had known at the Carl N. Swenson construction company in San Jose to be vice president of development. That man, today President Brad W. Krouskup, stayed on to preside over the development of more than 2.5 million square feet of space by Toeniskoetter & Breeding, Inc. (TBI) Development.

One of TBI Development’s initial projects was forming a partnership to develop a prominent executive office building at 133 Mission St. on Mission Hill in Santa Cruz. The building’s success lead to creation of the Granite Creek Business Center in Scotts Valley and later to other Scotts Valley properties. TBI Development also developed the headquarters building for the Santa Cruz Unified School District.

In San Jose, TBI Development renovated and restored the former Cook Mansion at 1960 The Alameda and attached a matching office structure at the rear, a project judged to be the year’s best historical restoration. TBI’s own offices are located there. Other San Jose projects include the western headquarters of Integrated Circuit Systems at 525 Race Street, O’Connor Health Center adjacent to O’Connor Hospital and Colliers International at 450 West Santa Clara St. TBI also developed the mixed retail and medical offices at Campbell Gateway Square in Campbell.

Anticipating the future southward expansion of Silicon Valley, TBI Development created the 30-acre Cochrane Business Ranch in Morgan Hill. Today fully developed, the business park encompasses seven buildings and several corporate headquarters, and we developed an upscale mini-storage park there as well.

In 2000, TBI Development began a project that doubled its portfolio, the 1.5-million-square-foot Madrone Business Park adjacent to the Cochrane Business Ranch. A partnership with New York Stock Exchange-listed Mission West Properties, the 110-acre Madrone Business Park was 80% developed in its first three years. The largest tenant is the headquarters of Thomas Kinkade Company, which manufactures the works of the famous “Painter of Light.”

Current development projects include a retail center at the Madrone Business Park and a mixed-use project in the Monterey County city of Marina.

Toeniskoetter & Breeding Property Management

Toeniskoetter & Breeding, Inc. (TBI) Development has managed commercial and industrial property since its inception in 1983, winning awards for excellence and maintaining occupancy levels that consistently exceed market averages regardless of regional or national economic conditions. By 1998, the scope, responsibilities and prospects of property management had so grown and evolved that the operation was formed into a distinct organization with Carolyn Markland as Director of Property Management.

Since 1998, Toeniskoetter & Breeding Property Management has doubled its portfolio to 1.8 million square feet, expanded its range of properties and scope of services, and continued to win industry and public recognition. Over a four-year period, the Business Owners and Managers Association (BOMA) gave top awards for property management to the 72,000-square-foot headquarters of Integrated Circuit Systems Inc., the 52,000-square-foot O'Connor Health Center, the 22,000-square-foot classical building leased by Colliers International at 450 West Santa Clara Street, the restored mansion and offices at 1960 The Alameda and the medical offices at Campbell Gateway Square. This recognition clearly demonstrates that TBI achievements are being noted by professional peers as well as by satisfied tenants.

Range of Properties Managed

Properties we manage include offices, research & development, light industrial, medical and retail centers, warehouses, self-storage and distribution centers.

Most of this portfolio comprises buildings developed and built by TBI Development and TBI Construction respectively. TBI Development acts as general partner and property manager for a host of real estate investors, including Mission West Properties, a publicly traded real estate investment trust associated with The Berg Group. Increasingly, we are managing properties owned by third parties, such as institutional, individual or group investors or businesses that own their facilities.

The TBI Way

There is a perceived value in being in a building managed by Toeniskoetter & Breeding Property Management. Real estate brokers know that it's a good thing to be in a TBI building.

Key elements associated with our reputation include a superior staff of team players with solid policies and procedures in place. This team develops exceptional tenant relations and excellent relations with vendors who recognize and understand both the immediate needs and future plans of a property under management.

TBI adds a final element — a commitment to doing everything first class. This commitment translates into a willingness to invest in the long-term quality of its buildings, the capability to provide support and a dedication to meeting high expectations.

The result is that Toeniskoetter & Breeding Property Management rarely loses a good tenant. When we do have an opening, we fill it quickly.

The Service Principles

Some organizations enjoy such respect that their names invoke immediate credibility. Elite organizations with this measure of respect include universities, corporations, military services and charities. The common thread between them is a tradition of superior service.

Toeniskoetter & Breeding Property Management cultivates this same culture. We train, encourage and demand that every member of our team perform at the highest possible level of service.

TBI service begins with good policies and procedures, customized to meet the particular needs of each property. We create a team to assure these policies are properly implemented. All of us, from controller and accountants to asset managers, property administrators and facility superintendents, comprise this team. Our facilities staff members support each other to assure that every property is fully covered at all times. Facilities Superintendents Joel Bahu, J.R. Romero and Bernie Lujan have all been cross-trained to fully understand the various building systems at each property. Controller Yvonne Siko not only knows the numbers, but the service goals for each client.

Good service also means selecting and creating close relationships with vendors, who become part of the team. Our vendors are fully versed in the immediate needs and future plans for reaching optimum results at each property we manage.

TBI Property Management adds an additional element and one that is key to building good tenant relationships. We commit to doing every task first class. We create high expectations. We do whatever is required to achieve them. Like other elite organizations, we strive for respect and credibility through a tradition of superior service.