SHOWROOMS MAKE LONG-TERM COMMITMENT TO HIGH POINT

WITH RENEWED AND EXTENDED LEASES

HIGH POINT, N.C. (Sept. 29, 2005) – Merchandise Mart Properties, Inc. (MMPI) is proud to announce the showrooms that have renewed and extended their leases in High Point, N.C., home of the world’s largest furniture market.

“We thank all of our loyal exhibitors for renewing their commitment to High Point and to the retailers we both serve,” said Tom Mitchell, senior vice president, High Point, MMPI. “These extensions signify our vital role in the industry.”

The following showrooms are all continuing and extending their leases at High Point, along with more than 100 exhibitors in the Suites at Market Square.

PERMANENT SHOWROOM RENEWALS AND EXTENSIONS

Ardley Hall

Carolina Chair

Elite Products

Elsyee

Green Brothers

Genesis

Golden Chair

HTL

Incanto Divani

Jofran

LifeStyle

Lloyd Buxton

Middleton

Overnight Sofa

Rooms of Elegance

Stainsafe

Simmons

MARKET SQUARE RENEWALS

Charles Sadek Import Company, Inc.

Flora-Cal Products

Godinger Silver Art

MARKET SQUARE RENEWALS (continued):

Pacart

Pearl Fever

Privilege International, Inc.

T G I Group, Inc.

Vild, Inc.

PLAZA SUITES RENEWALS

ACK Trading

Acrylicore, Inc.

Alfemo (YATPA) A.S.

Bamboo Chic

Clearwater Trading, Ltd.

D C Curtains Co.

Factory Surplus Sales, Inc.

The Fu-Chest

Global Furniture Imports

Greater China Trade Media

Judy’s Collection, Inc.

Kaven Company, Inc.

Kelebek Furniture Co.

Lanza Products Inc./Royal Teak

Natural Creations, Inc.

New Spec, Inc.

Opus Designs

Ratana Trading Company, Ltd.

Stylecraft Lamps, Inc.

Sunpan Imports

Target Marketing Systems

Telescope Casual

Tennessee Mfg.

Total International

Turboprops/Furnitech

Twin-Star – Classic Flame

Tyndall Creek Furniture Co.

Merchandise Mart Properties, Inc. (MMPI) manages 2.2 million square feet in six buildings in High Point: Historic Market Square, the Suites at Market Square, Hamilton Market, Plaza Suites, Furniture Plaza and the National Furniture Mart. More than 1,100 permanent showrooms and temporary exhibitors display in these six buildings. Collectively, the MMPI buildings offer the most comprehensive selection of home furnishings and home décor at every price point.

For more information, please visit www.merchandisemart.com or call 800.677.MART (6278).

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 West 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 real estate investment trust. Vornado’s common shares are listed on the New York Stock Exchange and are traded under the symbol VNO.

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

MEDIA CONTACT ONLY:

Jackie Paulsen, Director of Public Relations

Merchandise Mart Properties, Inc.

Phone: 312-527-7555

E-mail: jpaulsen@mmart.com

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