JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities Exchange Act of
1934, as amended, each of the persons named below agrees to the joint
filing of a Statement on Schedule 13D (including amendments thereto) with
respect to the Common Stock, par value $1.00 per share of Pacific Gateway
Properties, Inc., a New York corporation, and further agrees that this
Joint Filing Agreement be included as an exhibit to such filings provided
that, as contemplated by Section 13d-1(f)(l)(ii), no person shall be
responsible for the completeness or accuracy of the information concerning
the other persons making the filing, unless such person knows or has reason
to believe that such information is inaccurate. This Joint Filing may be
executed in any number of counterparts, all of which together shall
constitute one and the same instrument.
Dated: September 29, 1998
GEM VALUE/PGP LLC
By: GEM Value Fund, L.P.
Its: Managing Member
By: GEM Value Partners LLC
Its: General Partner
By: /s/ Xxxxxxx X. Xxxxx
------------------------
Name: Xxxxxxx X. Xxxxx
Title: Executive Vice President
GEM VALUE FUND, L.P.
By: GEM Value Partners LLC
Its: General Partner
By: /s/ Xxxxxxx X. Xxxxx
-------------------------
Name: Xxxxxxx X. Xxxxx
Title: Executive Vice President
GEM VALUE PARTNERS LLC
By: /s/ Xxxxxxx X. Xxxxx
--------------------------
Name: Xxxxxxx X. Xxxxx
Title: Executive Vice President
