FOR IMMEDIATE RELEASE

7 W NEW YORK CELEBRATES WITH “THE GRAND GALA” DURING

THE AUGUST 2005 NEW YORK GIFT WEEK

NEW YORK CITY (July 22, 2005)—7 W New York, the premier design center for high-end, high-style product in the gift, tabletop and home décor industries, welcomes attendees at the August 2005 New York Gift Week to help celebrate the building’s summer premiere at “The Grand Gala,” on Monday, Aug. 15, from 5-8 p.m. Guests will have the opportunity to network and shop in an entertaining environment on showroom floors six – 11.

Guests will enjoy a sampling of complimentary cocktails, gourmet hors d’oeuvres and live entertainment, as well as an array of fabulous showrooms and products in all of our beautiful suites. In addition to “The Grand Gala,” the following parties will be held simultaneously:

Compact Novelties, Suite 1033

Arte Italica, Suite 900 – Grand Opening Great Gatsby Jazz Party

Fete a la Francaise, sixth and ninth floors – Guests will enjoy fine French wine, cheese and décor, as well as have a chance to win roundtrip airfare from New York to Paris, courtesy of AirFrance. (Sponsored by The French Embassy Trade Office and UBIFRANCE)

Vance Kitira International, eighth floor – Grand Opening Party

To ensure the ultimate convenience, 7 W New York will provide shuttle service from The Javits Center and The Piers until 7 p.m., as well as transportation to West side destinations up Sixth Avenue and East side locations up Madison Avenue from 7-8:30 p.m. for guests attending the Gala.

NEW SUITES OPENING AT 7 W NEW YORK

In addition to “The Grand Gala,” 7 W New York will celebrate with grand opening ribbon-cutting ceremonies on Sunday, Aug. 14, beginning at noon, in the following new suites: Aldik, Arte Italica, C & S Acosta, Department 56, Fetco Home Décor, Gallery on Six, Gift Box Corporation of America, Godinger Silver/Ricci Silversmiths, Home Essentials & Beyond, La Collina Toscana, Laura Lee Designs, Peking Handicraft, RAZ Imports, SMP/Space M Projects, Inc., Vance Kitira International and Weimar U.S.

For more information about 7 W New York, visit www.7wnewyork.com, or call 212.279.6063.

MEDIA INQUIRIES ONLY:

Joanna Mineau

Managing Director of Public Relations

Merchandise Mart Properties, Inc.

Phone: 312.527.7074

E-mail: jmineau@mmart.com

Nicole Serr

Public Relations Account Executive

Merchandise Mart Properties, Inc.

Phone: 312.527.7841

E-mail: nserr@mmart.com

7 W New York is a trademark of Merchandise Mart Properties, Inc.

Merchandise Mart Properties, Inc. (MMPI) is a trade show and property management firm, specializing in managing buildings devoted to wholesale showrooms and commercial office space. MMPI produces more than 300 trade shows, market events and conferences each year.

MMPI manages The Merchandise Mart, 350 W. Mart Center and 33 North Dearborn in Chicago; Market Square, the Suites at Market Square, Hamilton Market, Plaza Suites, Furniture Plaza and the National Furniture Mart in High Point, N.C.; the Architects & Designers Building and 7 W New York in New York; the L.A. Mart in Los Angeles; and the Washington Design Center and Washington Office Center in Washington, D.C.

Vornado Realty Trust, owner of MMPI, based in New York City, is a fully integrated equity real estate investment trust. Vornado's common shares are listed on the New York Stock Exchange and are traded under the symbol VNO.

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