BUILDING AND LAND TECHNOLOGY BUYS VECTRON HEADQUARTERS

Norwalk, CT - (November 28, 2006) - Building and Land Technology announced its newest acquisition, the former corporate headquarters of Vectron, Inc. located at 166 Glover Avenue in Norwalk.

The building contains approximately 60,000 square feet on two floors and is being completely renovated and upgraded by the new owner. The extensive renovation work has already started and includes new exterior windows, a gracious new lobby area with an attractive glass entrance canopy, new rest rooms, improved mechanical and electrical systems, all new interior space and new landscaping.

Building and Land Technology President and CEO, Carl R. Kuehner, III said that his company "will be delivering new Class A office space which would be well-suited to a company looking to have its own identity".

Demand for 166 Glover Avenue is strong as the trend continues for many area companies to re-locate to, or expand within, Norwalk in search of state-of-the art construction and easy access for their employees. The building is located immediately off the Route 7 Connector near the intersection with the Merritt Parkway. Situated in the Merritt 7 office sub-market, the 2,800,000 square feet of existing Class A office space is virtually fully leased.

The property abuts the corporate headquarters of Tyco Healthcare/U.S. Surgical and is just north of Building and Land TechnologyÕs corporate campus known as The Towers. Totaling over 1,100,000 square feet, The Towers consists of four Class A office buildings. The first building at The Towers is leased in its entirety to the North American headquarters of Diageo North America, the worldÕs largest spirits company; the second building is leased in its entirely to the regional headquarters of Hewitt Associates, one of the worldÕs largest employee benefit outsourcing and consulting companies; and the third building at 901 Main Avenue, topped by a heliport, is leased to the headquarters of GE Commercial Finance, the headquarters of IMS Health and Building and Land Technology, among others.

A full-service, second-generation real estate development company, Norwalk-based Building and Land Technology has developed or owned over $2 billion of real estate, including over 2,000,000 square feet of office space, 3,000 apartments and condominiums and 500 single family homes.

Vectron, Inc. was represented by Coldwell Banker NRT in the transaction.

For additional information, please contact Douglas A. Bora, Jr. at 203-846-1900 x1526 or email doug@bltoffice.com.