Real Estate Central

CHARLOTTE, N.C., Sept. 10 /PRNewswire-FirstCall/ — Cogdell Spencer
Inc. (NYSE: CSA) announced today that it priced an underwritten public
offering of 2,160,000 shares of common stock at a price of $18.50 per
share. Cogdell Spencer has granted the underwriters an option to purchase
up to an additional 324,000 shares of common stock at any time within 30
days after the offering. Banc of America Securities LLC, KeyBanc Capital
Markets Inc. and Citi acted as joint book-running managers and Raymond
James, BMO Capital Markets and Janney Montgomery Scott LLC acted as
co-managers.

Gross proceeds from the offering will be approximately $40 million (or
approximately $46 million if the underwriters exercise their option to
purchase additional shares in full). The Company intends to use the net
proceeds from the offering to reduce borrowings under its secured revolving
credit facility and for working capital purposes.

The common stock will be issued pursuant to an effective registration
statement on Form S-3 that was previously filed with the Securities and
Exchange Commission. The offering is expected to close on September 16,
2008, subject to customary closing conditions.

This communication shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or other
jurisdiction. A copy of the prospectus relating to these securities may be
obtained, when available, from Banc of America Securities LLC, Capital
Markets (Prospectus Fulfillment) by email to
dg.prospectus_distribution@bofasecurities.com or by mail to Banc of America
Securities LLC, Capital Markets Operations, 100 West 33rd Street, 3rd
Floor, New York, NY 10001, KeyBanc Capital Markets Inc. (Prospectus
Department) 800 Superior Avenue, 17th Floor, Cleveland, OH 44114 or Citi
(Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor,
Brooklyn, NY 11220).

About Cogdell Spencer Inc.

Charlotte-based Cogdell Spencer Inc. (NYSE: CSA) is a fully-integrated,
self-administered and self managed real estate investment trust 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 62 wholly owned properties and
consolidated joint ventures, three unconsolidated joint venture properties
and 51 managed medical office buildings. On March 10, 2008, Cogdell Spencer
Inc. merged with Marshall Erdman & Associates (http://www.erdman.com). As the
leader in healthcare design-build, Erdman brings a new range of offerings
to Cogdell Spencer’s clients. For more information on Cogdell Spencer Inc.,
please visit the Company’s website at http://www.cogdellspencer.com

Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. The
forward-looking statements reflect the Company’s views about future events
and are subject to risks, uncertainties, assumptions and changes in
circumstances that may cause actual results to differ materially. Factors
that may contribute to these differences include, but are not limited to
the following: our business strategy; our ability to integrate Erdman; our
ability to obtain future financing arrangements; estimates relating to our
future distributions; our understanding of our competition; our ability to
renew ground leases; changes in the reimbursement available to our tenants
by government or private payors; our tenants’ ability to make rent
payments; defaults by tenants; market trends; and projected capital
expenditures. For a further list and description of such risks and
uncertainties, see the reports filed by the Company with the Securities and
Exchange Commission, including the Company’s Annual Report on Form 10-K for
the year ended December 31, 2007 and Quarterly Report on Form 10-Q for the
quarter ended June 30, 2008. Although the Company believes the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, it can give no assurance that its expectations will be
realized. The Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.

See Also:

• Cogdell Spencer Announces Commencement of Common Stock Offering
• The Future Of The NBA
• Lace wedding dresses
• Get Your Girl Back: The First Important Steps
• Wedding dress up game

[Via Real Estate Newswire]