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CHARLOTTE, N.C., March 27 /PRNewswire-FirstCall/ — Marshall Erdman & Associates (Erdman) was rated the nation’s top design-build company by “Modern Healthcare’s” 2008 Construction & Design Survey. The survey compares design- build companies serving the healthcare industry; it examines year-over-year sales, contracted square footage fluctuations, and attributes such as years in business and number of architects, engineers and interior designers.Erdman strictly operates in the healthcare arena, offering advanced planning, developing, designing, and building services. In 2007, the company reported completed healthcare construction totaling more than $300 million, an annual increase of more than 50 percent.According to Scott Ransom, President and Chief Executive Officer of Erdman, “We are pleased to be recognized by “Modern Healthcare” as an industry leader. Erdman’s growth reflects the fact that we take the time to understand our clients’ vision and offer seamless coordinated business solutions. Erdman has a strong foundation for continued growth.”On March 10, 2008, Erdman became a part of Cogdell Spencer Inc., creating the most integrated healthcare real estate company in the nation.About Cogdell Spencer Inc.Charlotte-based Cogdell Spencer Inc. is a fully-integrated, self-administered and self managed real estate investment trust (REIT) that invests in specialty office buildings for the medical profession, including medical offices, ambulatory surgery and diagnostic centers. At present, the Cogdell Spencer Inc. portfolio consists of 61 wholly owned properties and consolidated joint ventures, three unconsolidated joint venture properties and 53 managed medical office buildings. On March 10, 2008, Cogdell Spencer Inc. merged with Marshall Erdman & Associates. As the leader in healthcare design- build, with over 5,000 facilities across the United States, Erdman brings a new range of offerings to Cogdell Spencer’s clients. Welcome to the new Cogdell Spencer Inc. For more information on Cogdell Spencer Inc., please visit the Company’s website at . For more information on Marshall Erdman & Associates, please visit .Forward-Looking StatementsThis document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements reflect the Company’s views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause actual results to differ materially. Factors that may contribute to these differences include, but are not limited to the following: market trends; our ability to obtain future financing arrangements; our ability to renew ground leases; defaults by tenants; and changes in the reimbursement available to our tenants by government or private payors. For a further list and description of such risks and uncertainties, see the reports filed by the Company with the Securities and Exchange Commission, including the Company’s Form 10-K for the year ended December 31, 2007. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be realized. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Cogdell Spencer Inc.

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