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Agree Realty Corporation



Agree Realty Corporation Announces Brighton, Michigan Development Project



July 4th, 2008

Agree Realty Corporation (NYSE:ADC) announced that it would develop, for retail use, a property located in Brighton, Michigan.

The project, which is pre-leased to a national leader in the U.S. chain drugstore industry, is expected to be completed during the fourth quarter of 2008. The store will be conveniently located at the intersection of Grand River and Whitmore Lake Road.

"In light of challenging economic conditions we continue to capitalize on quality development opportunities," said Joey Agree, Executive Vice President of Agree Realty Corporation. "This project will be an excellent addition to our expanding portfolio."

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Source: Health Business Week (2008-07-04)

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