MYRIAD OF POPULAR FOOD SELECTIONS DURING THE

INTERNATIONAL HOME FURNISHINGS MARKET IN HIGH POINT, N.C., APRIL 14-20, 2005

HIGH POINT, N.C. (Feb. 25, 2005) — Merchandise Mart Properties, Inc. (MMPI) presents an abundance of food services in each of its six buildings during the upcoming International Home Furnishings Market in High Point, N.C., April 14-20, 2005. Food services are available in several convenient locations throughout MMPI-managed buildings, which are Historic Market Square, the Suites at Market Square, Hamilton Market, Plaza Suites, Furniture Plaza and National Furniture Mart.

Once again, MMPI will continue to serve breakfast Thursday through Sunday, April 14-17. The breakfast will be held on the ground level at Historic Market Square and is sure to provide attendees with a morning boost for the show’s festivities. In addition to the new breakfast, MMPI is pleased to announce that it will continue the additional day added for the popular daiquiri parties. The new breakfast and the extra daiquiri party are sponsored by the following High Point exhibitors: Charles Sadek Import Co., Bailey Street Trading Company, Vintage Verandah, Godinger Silver Art and Tozai Home.

"We aim to be the place to stop, eat and relax during the market. We offer convenience and a great variety. The breakfasts, as well as the extra daiquiri party, are a great feature at Historic Market Square,” said Ann Richards, director of marketing, MMPI-High Point. “We invite buyers to take advantage and stop for some delicious fare and a refreshment during their busy market day.”

FOOD AND BEVERAGE SERVICE

Historic Market Square

Boiler Room Bar & Grill

G & M Floors

The Boiler Room features hamburgers, hot dogs, wings, fresh deli sandwiches and fresh salads. Enjoy the full bar with local tap favorites, domestic and foreign beers and daily drink specials.

Courtyard Cook-Out

Century Courtyard Tent

11 a.m.–3 p.m.

Featuring Southern barbecue and homemade burgers with all the trimmings.

The Corner Delicatessen

2^nd floor

9 a.m.–3 p.m.

Offering a variety of fresh deli sandwiches.

Jumpin Java

8 a.m.–4 p.m.

Cappuccino and espresso cart on the 2nd floor by the elevators.

Stevens Steakhouse and Blues

High Street Entrance

Lunch from 11 a.m.–2 p.m.

Dinner from 6–10 p.m.

Stevens Steakhouse and Blues, where upscale gets down, featuring a mouth-watering menu and an intimate atmosphere.

The Suites at Market Square – Mezzanine Floor

Panera

8 a.m.–4 p.m.

Bagels & cream cheese, muffins, pastries, cookies, salads, sandwiches, beverages, espresso and cappuccino.

Jumpin Java

8 a.m.–4 p.m.

Cappuccino and espresso cart.

Suites at Market Square – 1st Floor (Top floor)

Blue Ridge Ice Cream

11 a.m.–4 p.m.

Hand-dipped ice cream and sorbet.

Chick-Fil-A

11 a.m.–3 p.m.

Serving its famous chicken sandwiches.

Steak Out

8 a.m.–4 p.m.

Serving a variety of sandwiches, salads, baked potatoes and beverages.

Furniture Plaza – 2nd Floor Atrium

Panera

8 a.m.–4 p.m.

Bagels & cream cheese, muffins, pastries, cookies, salads, sandwiches and beverages.

Plaza Suites – 2nd Floor

Steak Out

8 a.m.–4 p.m.

Serving a variety of sandwiches, salads, baked potatoes and beverages.

Plaza Suites – 1st Floor

Jumpin Java

8 a.m.–4 p.m.

A great place for cappuccino and espresso.

Hamilton Market

Pepper Moon Catering

11:30 a.m.–1 p.m.

Traditional English lunch.

For more information, please visit www.merchandisemart.com or call 336.821.1500.

Save the dates for future International Home Furnishings Markets in High Point, N.C.:

• Oct. 20-26, 2005

• April 27-May 3, 2006

The International Home Furnishings Market is a registered trademark of the International Home Furnishings Marketing Association.

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.

MEDIA INQUIRIES ONLY:

Joanna Mineau

Managing Director of Public Relations

Merchandise Mart Properties, Inc.

Phone; 312.527.7074

Email: jmineau@mmart.com

###