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Cogdell Spencer Announces Chief Executive Officer Frank C. Spencer Named Ernst & Young Entrepreneur Of The Year(R) 2009 Award Winner in the Carolinas

Award Recognizes Entrepreneurial Excellence in Real Estate and Construction Category

CHARLOTTE, N.C., June 22 /PRNewswire-FirstCall/ -- Cogdell Spencer Inc. (NYSE: CSA) announced today that its chief executive officer, Frank C. Spencer received the Ernst & Young Entrepreneur Of The Year(R) 2009 Award in the Real Estate and Construction category in the Carolinas. According to Ernst & Young LLP, the award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. Mr. Spencer was selected by an independent panel of judges, and the award was presented at a gala event at the Westin Charlotte on June 18, 2009.

The Entrepreneur of the Year award recognizes Mr. Spencer's role in the company's growth, including a successful initial public offering in 2005, acquisition of Marshall Erdman & Associates in 2008, and substantial growth and diversification. Cogdell Spencer ERDMAN(SM) was recently ranked by Modern Healthcare Magazine as the country's Number One Healthcare Design/Build company for the second consecutive year.

"It is an honor to receive this prestigious award," said Spencer, "and is a direct reflection of the hard work and dedication of our amazing team of professionals whom I have the honor to work with everyday."

The Ernst & Young Entrepreneur Of The Year awards celebrate their 23rd anniversary this year. The program honors entrepreneurs who have demonstrated exceptionality in such areas as innovation, financial performance and personal commitment to their businesses and communities.

"We are proud to recognize the achievements of Frank Spencer," said Kent Geer, Ernst & Young LLP Entrepreneur Of The Year Program Director for the Carolinas. "Winners of the Entrepreneur Of The Year award build leading businesses and contribute significantly to the strength of our region's economy. Their success helps our area grow stronger."

As a Carolinas award winner, Mr. Spencer is now eligible for consideration for the Ernst & Young LLP Entrepreneur Of The Year 2009 national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 14, 2009. The awards are the culminating event of the Ernst & Young Strategic Growth Forum, the nation's most prestigious gathering of high-growth, market-leading companies.


Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year awards are pleased to have the Ewing Marion Kauffman Foundation and SAP America as national sponsors.

In the Carolinas, local sponsors include King & Spalding, Business Leader Media and Bowne.

About Cogdell Spencer Inc.

Charlotte-based Cogdell Spencer Inc. (NYSE: CSA) 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 and ambulatory surgery and diagnostic centers. The Company focuses on the ownership, development, redevelopment, acquisition, and management of strategically located medical office buildings and other healthcare related facilities in the United States of America. The Company has been built around understanding and addressing the full range of specialized real estate needs of the healthcare industry. Learn more about Cogdell Spencer Inc. and its subsidiaries at

About Ernst & Young's Entrepreneur Of The Year(R) Awards Program

Ernst & Young's Entrepreneur Of The Year(R) Award is the world's most prestigious business award for entrepreneurs. The award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, the Ernst & Young Entrepreneur Of The Year(R) award celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 135 cities in 50 countries.

SOURCE Cogdell Spencer Inc.
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