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February 14, 2004 <br /> ProLogis <br /> 14100 E. 35a'Place <br /> Aurora, Colorado 8001 1-1 61 8 <br /> Attn: Mr. W. Jeffrey Jones <br /> Subject: Report of Property Condition Assessment <br /> Patterson Pass Business Park#6 <br /> 17365—17401 West Commerce Way,Tracy, CA 95377 <br /> PR&A Project No. 051928 <br /> Dear Mr. Jones: <br /> Pond,Robinson&Associates, LP(PR&A) is pleased to submit this report of our Property <br /> Condition Assessment for the above referenced project. These services were provided in <br /> accordance with Pond, Robinson&Associates' Proposal No.P05-1811 dated January 14,2005. <br /> This report has been prepared on behalf of and exclusively for the use of ProLogis and their <br /> successors and assigns upon written agreement with Pond,Robinson&Associates. <br /> We appreciate the opportunity to work with you on this project and trust the contents of this <br /> report are satisfactory. We would be pleased to discuss our findings and conclusions with you. <br /> If you have any questions,please do not hesitate to contact us. <br /> Very truly yours, <br /> Pond,Robinson & Associates,LP <br /> Rebecca L. Fischer,P.E. (TX) David N. Ochs, P.E. (TX) <br /> Project Manager Vice President <br />