HERNDON, Va., January 5, 2009 – NAIOP today announces a new name and brand identity that clearly represents its membership’s expansion in to a broader scope of commercial real estate development.

Formerly known as the National Association of Industrial and Office Properties, the association will now be known solely as NAIOP. A definer, the Commercial Real Estate Development Association, complements the name and signifies the association’s strategic shift of encompassing all professionals within the industry.

“NAIOP is the leading association for the development industry, extending its reach beyond office and industrial product types into mixed-use, medical office, retail and more,” said Thomas J. Bisacquino, NAIOP president. “We recognize that our members engage in diverse development opportunities, and our brand expansion supports our vision of advancing responsible commercial real estate development.”

Today, NAIOP comprises 18,000 members in its extensive 56 chapter network across North America. Its principal membership are developers, owners and investors of all product types in commercial real estate, in addition to a wide-ranging scope of professionals who support the industry, including architects, brokers, engineers, land planners, contractors and suppliers.

Commercial real estate has a tremendous impact the nation’s economy, with construction-related spending reaching $549 billion and adding 839 million square feet of existing building space in 2007, the latest comprehensive data available. It is one of the leading employers in the United States, supporting 4.89 million full-time equivalent jobs in 2007, and generating personal earnings of $170.1 billion.

“NAIOP is committed to the ongoing success of the industry, given the obvious financial benefits a healthy industry has on the U.S. economy,” said Bisacquino. “We pledge to provide commercial real estate with the tools and connections critical to their businesses, and represent our members’ legislative interests in the key issues impacting development today. NAIOP’s development-focus enables us to serve as the industry’s central association for news, practical research and powerful public policy efforts that better the communities in which we work and live.”

About NAIOP

NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial and mixed-use real estate. NAIOP comprises 18,000 members in North America. NAIOP advances responsible commercial real estate development and advocates for effective public policy. For more information, visit www.naiop.org.