CHICAGO, June 4 /PRNewswire/ -- Prime Group Realty Trust (NYSE:PGEPRB) (The "Company"), a Chicago-based real estate investment trust, announced today that its Continental Towers office complex in Rolling Meadows, Illinois (the "Complex") recently won "The 2008-2009 Outstanding Office Building of the Year Award" (also known as the TOBY Award) for the five-state North Central Region from The Building Owners and Managers Association (BOMA). This is the third time in the last five years that Continental Towers has won this prestigious award for the five-state North Central Region. In addition, the Complex has won the TOBY Award for the Chicago Suburban market four times in the last five years. Continental Towers was the winner in the 500,000 SF to 1,000,000 SF category. The judges described the Complex as a "very well run building and it shows" and the dedicated building staff as "a key reason why the buildings continue to win awards." Continental Towers is a premier, Class A, 910,796 square-foot Office and Retail Complex controlled and managed by Prime Group Realty Trust. The Complex consists of three twelve-floor office towers and a three-story centrally located retail building, which together house 36 businesses employing more than 1,435 people. The "TOBY" award program, now in its twenty-fourth year, is the most prestigious and comprehensive program of its kind in the commercial real estate industry, recognizing quality in office buildings and awarding excellence in office-building management. The judging process includes a building inspection and a thorough evaluation of the selection criteria, which include a review of building standards, community involvement, tenant relations, energy-management systems and procedures, environment and regulatory compliance, emergency preparedness and security standards, and building-personnel training programs. "Prime Group Realty Trust is very proud to have received this award from our peers at BOMA," said Catherine A. Carlson, RPA, General Manager of the Complex. "We believe that the recognition BOMA has given the Complex over the last five years is evidence of how hard we work at managing and operating the complex at the highest levels and in a tenant friendly manner." Last fall, Prime Group Realty Trust was pleased to announce that Continental Towers had been awarded the U.S. Environmental Protection Agency's prestigious ENERGY STAR, the national symbol for protecting the environment through superior energy performance. Continental Towers is located on a professionally landscaped 34-acre site in the Woodfield neighborhood at the southeast corner of the Northwest Tollway (I-90) and Golf Road (Route 58) just east of Route 53. The Complex features three 12-story office towers of approximately 280,000 square feet per tower. Above-ground and underground walkways connect all three buildings with the Commercium, a three-story, glass-enclosed 67,169 square-foot retail concourse. Its amenities include a private health club, a travel agency, sundry shop, flower shop, full-service banking facility, deli, print shop, dry cleaner, and banquet and conference center. The Continental Towers complex is located 30 miles northwest of Chicago's Loop and 10 miles northwest of O'Hare International Airport. It has convenient access to the interstate system via I-90, I-294, I-290, and I-355. The precast composite, cast-in-place concrete structures have white Wyoming quartz aggregate curtainwalls and gray solar reflective windows. The office buildings feature typical floorplates of approximately 23,682 square feet, white marble lobbies, 25-foot by 25-foot bays, 24-hour staffed centralized security station, closed-circuit-television monitoring system, 24/7 card-key access, state-of-the-art telecommunications systems and Internet connectivity, and surface and executive underground parking for 2,949 cars. BOMA/Suburban Chicago was founded in 1970 to represent owners, managers and designated representatives of office properties in the greater Chicago suburban area including Cook, DuPage, Kane and Lake Counties; Rockford, IL; and Merrillville, IN. The association's 340 members currently represent more than 63 million square feet of office space in commercial office buildings, government buildings, medical facilities and corporate headquarters. The organization is an affiliate of BOMA International, which was founded in 1907 and currently has approximately 17,000 plus members in 100 local associations representing nine billion square feet of quality commercial space globally. For more information, visit http://www.bomasuburbanchicago.com/ or http://www.boma.org/. About Prime Group Realty Trust Owned by one of the largest private real estate owners in the country, The Lightstone Group, Prime Group Realty Trust is a fully-integrated, self-administered, and self-managed real estate investment trust (REIT) which owns, manages, leases, develops, and redevelops office and industrial real estate, primarily in metropolitan Chicago. The Company currently owns 9 office properties containing an aggregate of 3.5 million net rentable square feet, a joint venture interest in one office property comprised of approximately 101,000 net rentable square feet and a membership interest in an unconsolidated entity which owns mid-priced extended-stay hotels with approximately 76,000 rooms located in 44 states and Canada. The Company leases and manages approximately 3.5 million square feet comprising all of its wholly-owned properties. In addition, the Company is also the managing agent for the approximately 1.5 million square foot Citadel Center office building located at 131 South Dearborn Street in Chicago, Illinois. For more information about Prime Group Realty Trust, contact the company's Chicago headquarters at (312) 917-1300 or visit its website at http://www.pgrt.com/. About The Lightstone Group The Lightstone Group is one of the country's largest privately held real estate companies with interests in residential, office, retail, hospitality, and industrial real estate assets. The company, principally through its related operating entities, Beacon Management, Prime Retail, Extended Stay Hotels, and Prime Group Realty Trust, owns a diversified portfolio of over 680 hotels, 22,000 multifamily units and approximately 20 million square feet of office, industrial and retail properties in 46 states, the District of Columbia, Canada and Puerto Rico. Employing approximately 14,000 staff and professionals, The Lightstone Group maintains its corporate headquarters in New York with regional offices in New Jersey, Maryland, Illinois and South Carolina. For more information on The Lightstone Group, call 800-347-4078 or visit http://www.lightstonegroup.com/. This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect management's current views with respect to future events and financial performance. The words "believes", "expects", "anticipates", "estimates", and similar words or expressions are generally intended to identify forward-looking statements. Actual results may differ materially from those expected because of various risks and uncertainties, including, but not limited to, changes in general economic conditions, adverse changes in real estate markets as well as other risks and uncertainties included from time to time in the Company's filings with the Securities and Exchange Commission. DATASOURCE: The Lightstone Group CONTACT: Prime Group Realty Trust, Jeffrey A. Patterson, President and Chief Executive Officer, +1-312-917-1300, or Paul G. Del Vecchio, Executive Vice President--Capital Markets, +1-312-917-1300 Web Site: http://www.lightstonegroup.com/

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