Christopher Peznola Joins Commercial Net Lease Realty, Inc.

    Business Editors/Real Estate Writers

    ORLANDO, Fla.--(BUSINESS WIRE)--March 3, 2005--Commercial Net Lease Realty, Inc. (NYSE:NNN) announced that Christopher Peznola has joined the company as Senior Vice President and will run the company's Northeast regional development and acquisition office.
    As Senior Vice President and based in Boston, Mr. Peznola will be primarily responsible for originating development transactions and acquisitions opportunities throughout the Northeast.
    Prior to joining NNN, Mr. Peznola served as the Chief Investment Officer of Berkshire Development, LLC, where he created and structured more than $450 million of development and acquisition opportunities. He began his career in commercial real estate with AEW Capital Management in 1989.
    "Christopher has enjoyed a distinguished and successful career sourcing, underwriting, financing and closing acquisitions and developments totaling nearly $1 billion," said Craig Macnab, Chief Executive Officer and President. "We are excited to have him joining the NNN team and look forward to even further success for him and our company."
    Mr. Peznola is a member of the International Council of Shopping Centers (ICSC), the National Association of Real Estate Investment Trusts (NAREIT), the Urban Land Institute (ULI) and he graduated from the Massachusetts Maritime Academy.
    Commercial Net Lease Realty invests primarily in high quality, single-tenant retail properties generally subject to long-term, net leases with established tenants, such as Barnes & Noble, Best Buy, CVS, OfficeMax and the United States of America. The Company currently owns 362 investment properties in 38 states with a gross leasable area of approximately 8.3 million square feet. These properties are leased to 152 corporations in 56 industry classifications.

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CONTACT: Commercial Net Lease Realty, Inc., Orlando Christopher F. Barry, 407-650-1228

KEYWORD: FLORIDA INDUSTRY KEYWORD: REAL ESTATE BUILDING/CONSTRUCTION BANKING MANAGEMENT CHANGES SOURCE: Commercial Net Lease Realty, Inc.

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