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July 8, 2003 For Immediate Release

Laurel Fairworth
215.665.0755

Conshohocken Gets Its First Child Care Facility Along the River

KING OF PRUSSIA, PA—July 8, 2003 —Conshohocken continues to be an area of growth with more businesses relocating there to benefit from its proximity to the City of Philadelphia and accessibility to major suburban highways. With all this movement, working families require the services of daycare facilities like Cambridge Child Care, which is relocating in September to Millennium III.

Cambridge Child Care has selected Millennium III for its flagship location and will be the first of its kind to open in Conshohocken in the waterfront district. The company signed a lease for 11,564 sf of custom space with an indoor/outdoor play area, and plans to move-in September 2003. Scott Gabrielsen, senior vice-president, Binswanger, said, "The growing population of Conshohocken on both the commercial and residential fronts means Cambridge will find a receptive audience". Noting that one million sf of office space has been added to the waterfront district and more than 2,000 workers drive there each day, Gabrielsen added, "This is just another amenity that compliments O'Neill Properties' vision of creating a live, work and play community".

O'Neill Properties is a leading national real estate development company headquartered in King of Prussia, Pennsylvania. With more than $4 billion in real estate holdings, the company focuses on development of Class A office space, luxury multi-family housing and mixed used communities through the rejuvenation of older industrial properties and brownfield sites. Over the last five years, the company has been responsible for the creation of over thirteen million square feet of office space, and is currently developing over 12,000 residential units in the Northeast.

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