February 26, 1999 CareWorks Bundles offices into former headquarters of Fortune 100 Company

(COLUMBUS, OH) -- Duke Realty Investments Inc. has snagged the state's largest managed care organization for workers' compensation claims to take the top floors at the current Cardinal Health Inc. headquarters.

CareWorks of Ohio Ltd. will consolidate two Dublin offices beginning July 1 into 68,350 square feet at 5555 Glendon Court. It will vacate 17,000 square feet at 5500 Glendon Court, another Duke-owned building, and 6751 Commerce Parkway during an eight-to 12-week relocation of its 380 employees in Dublin.

"Duke was definitely a valuable partner in our facility selection process. Due to the dramatic growth we have experienced in our first two years of operation, we needed to partner with someone who could look five and ten years down the road and meet our needs. Duke was able to do just that," said William W. Pfeiffer, President and Chief Executive Officer of CareWorks.

The company manages the medical benefits of workers' comp claims for 46,000 Ohio companies. Pfeiffer also said Duke's large inventory of office space in Dublin gives CareWorks the ability to expand in case its growth outstrips its space.

Donald Hunter, Columbus vice president and general manager of office for Duke, said CareWorks gains naming rights with the expanded lease. "We took a building that was the headquarters for Cardinal Health and turned it into one for CareWorks," Hunter said.

Cardinal Health is completing the first phase of an office campus off Emerald Parkway just west of Dublin Bellpoint Road. The distributor of pharmaceuticals and other medical products still has several years left in its lease on the bottom two floors of 5555 Glendon Court.

Hunter said Duke has additional office inventory available in the Dublin market. That inventory includes 80,000 square feet in the second phase of its Atrium II office complex and 70,000 square feet nearing completion in its Blazer I project; both buildings are east of I-270 north of Tuttle Crossing Boulevard.

It also expects to begin construction within two months on the 154,000 square-foot first phase of its Parkwood II office building.

"We're at the point where Tuttle has matured," Hunter said. "We've developed an office campus allowing tenants like CareWorks to tear up one lease and grow into another building."