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Cogdell Spencer Announces a $100 Million Development at St. Luke's Riverside Outpatient Campus In Bethlehem, Pennsylvania
Date:12/27/2007

type of relationship will be the norm for Cogdell Spencer going forward," said CEO Frank Spencer. "Combining investment for our own account with fees for broader development services provides our clients with comprehensive project delivery and our shareholders with enhanced returns."

This project will mark the second major development relationship in Pennsylvania for Cogdell Spencer. Earlier in 2007, the company completed two new on-campus projects with the Lancaster General Hospital of Lancaster, Pennsylvania. As part of the company's commitment to the eastern Pennsylvania market, Cogdell Spencer will be opening a full-service development and property management office in Bethlehem, Pennsylvania.

Wilmot/Sanz, Inc. of Gaithersburg, Maryland is the architectural firm on the project.

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, ambulatory surgery and diagnostic centers. At present, the Cogdell Spencer Inc. portfolio consists of 59 wholly owned properties, five joint ventures and 57 managed medical office buildings. For more information on Cogdell Spencer Inc., please visit the Company's website at http://www.cogdellspencer.com.


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