Foreclosure Activity Increases 5% in October, RealtyTrac Reports

States’ Legislation Slows Rate of Increase, But Foreclosure Activity Up 25 Percent From October 2007

IRVINE, CA – Nov. 13, 2008 – RealtyTrac®, the leading online marketplace for foreclosure properties, today released its October 2008 U.S. Foreclosure Market Report™.

The report shows foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 279,561 U.S. properties during the month, a 5 percent increase from the previous month and a 25 percent increase from October 2007.

The report also shows one in every 452 U.S. housing units received a foreclosure filing in October.

“We’ve seen sharp declines in new foreclosure filings after legislation mandating delays to the foreclosure process was signed into law in several states — most notably in California, where overall foreclosure activity was down by double-digit percentage points for the second straight month in October, and where default filings were 44 percent below October 2007 levels,” said James J. Saccacio, (top right photo) chief executive officer of RealtyTrac.

“Despite this, October marks the 34th consecutive month where U.S. foreclosure activity has increased compared to the prior year.

“While the intention behind this legislation — to prevent more foreclosures — is admirable, without a more integrated approach that includes significant loan modifications, the net effect may be merely delaying inevitable foreclosures.

"And in the meantime, the apparent slowing of foreclosure activity understates the severity of the foreclosure problem in these states.”

(Biscayne Bay bridge, Miami to Miami Beach, middle right photo)


Nevada, Arizona, Florida post top state foreclosure rates

Nevada posted the nation’s highest state foreclosure rate for the 22nd consecutive month in October, with one in every 74 housing units receiving a foreclosure filing during the month — more than six times the national average.

Foreclosure filings were reported on 14,483 Nevada properties in October, an increase of 11 percent from the previous month and up nearly 119 percent from October 2007.

(Atlanta skyline, middle left photo)

With one in every 149 housing units receiving a foreclosure filing in October, Arizona registered the second highest state foreclosure rate.

Foreclosure filings were reported on 17,507 Arizona properties for the month, an increase of nearly 35 percent from the previous month and up 176 percent from October 2007.

One in every 157 Florida housing units received a foreclosure filing in October, the nation’s third highest state foreclosure rate. A total of 54,324 Florida properties received a foreclosure filing during the month, an increase of 13 percent from the previous month and up nearly 80 percent from October 2007.

Other states with foreclosure rates ranking among the top 10 were California, Colorado, Georgia, Michigan, New Jersey, Illinois and Ohio.

California posts top foreclosure total despite continued drop in foreclosure activity
California foreclosure activity in October decreased 18 percent from the previous month, but the state still posted the highest number of properties with foreclosure filings for the month — 56,954.

That total was down from a peak of more than 100,000 in August, but was still up 13 percent from October 2007.

(Downtown Chicago retail district, middle left photo)

Florida, Arizona and Nevada posted the second, third and fourth highest number of properties with foreclosure filings respectively in October.

With 12,681 properties receiving a foreclosure filing in October, Illinois registered the nation’s fifth highest state total. The state’s foreclosure activity increased 24 percent from the previous month and was up 31 percent from October 2007.

Other states where total properties with foreclosure filings landed among the 10 highest were Ohio, Michigan, Georgia, Texas and New Jersey.

Las Vegas, Florida cities top list of highest metro foreclosure rates

Las Vegas documented the highest metropolitan foreclosure rate among the 230 metro areas tracked in the report, with one in every 62 housing units receiving a foreclosure filing in October — more than seven times the national average.

Foreclosure filings were reported on 12,155 Las Vegas area properties during the month, an increase of nearly 6 percent from the previous month and up nearly 104 percent from October of 2007.

Four Florida metro areas posted foreclosure rates that ranked among the top 10 in October, led by Cape Coral-Fort Myers and Miami in the Nos. 2 and 3 spots respectively. Other Florida cities in the top 10 were Fort Lauderdale at No. 8 and Orlando at No. 10.

California metro areas also accounted for four of the top 10 metro foreclosure rates in October, but that was down from previous months, when at least six California metro areas consistently ranked among the top 10.

Stockton (city skyline, bottom left photo) was the highest ranked California metro area at No. 4, with one in every 100 housing units receiving a foreclosure filing in October.

Other California cities in the top 10 were Merced at No. 5, Riverside-San Bernardino at No. 7 and Modesto at No. 9. All four California metro areas experienced monthly decreases in foreclosure activity.

RealtyTrac publishes the largest and most comprehensive national database of foreclosure and bank-owned properties, with over 1.5 million properties from over 2,200 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal.

Media Contact: Michelle Sabolich Atomic Public Relations 415-402-0230 michelle.sabolich@atomicpr.com

Cousins' Joel Murphy Retires; Helped Launch 'Avenue' Retail Concept

ATLANTA, GA-- Cousins Properties Incorporated (NYSE: CUZ) has announced that Joel Murphy (top right photo) is retiring from the Company, effective December 31, 2008.

Murphy has been with Cousins for 20 years and is currently executive vice president and chief leasing and asset management officer, where he has responsibility for the combined office and retail leasing and asset management teams and the Company's third-party services group.

Murphy previously served for 12 years as senior vice president and president of the Company's Retail Division. He has agreed to serve as a consultant to the Company after January 1, 2009.

"Over the years, Joel has helped Cousins become a leader inretail development. His presence and influence will be missed," said Tom Bell, (top left photo) chairman and CEO of Cousins.

"We sincerely appreciate his two decades of service and the great contributions he has made to our company. We are pleased Joel has agreed to consult with us after the first of the year and wish him the best as he embarks on this next phase of his career."

During his time with Cousins, Murphy played a critical role in the Company's retail development success, most notably in the creation and growth of the Company's award-winning Avenue(R) concept retail centers. The Avenue, which was introduced in 1998, brings together national retailers, specialty shops and local restaurants in a unique outdoor setting. The Company has now developed nine Avenue centers in four states.

Cousins Board Authorizes Plan to Repurchase Stock

ATLANTA, GA--Cousins Properties Incorporated(NYSE: CUZ) has announced that its Board of Directors has adopted a new plan authorizing the expenditure of up to $20 million to repurchase the Company's Series A and Series B Cumulative Redeemable Preferred Stock.

The Company may repurchase the shares from time totime in open market transactions, pursuant to a 10b5-1 purchase planand in negotiated and block transactions as market and business conditions warrant on or before May 6, 2009.

CONTACTS:

Investment Community: Elli Kaplan, Vice President, (404) 407-1972

ellikaplan@cousinsproperties.com

Media: Matt Gove, Senior Vice President, (404) 407-1490, mattgove@cousinsproperties.com

Web site address: http://www.cousinsproperties.com/

Stirling Sotheby's International Commercial Realty negotiates sales of two out parcels in Lake Mary, FL

LAKE MARY, Fla. -- Stirling Sotheby’s International Commercial Realty recently negotiated the sales of two out parcels at Rinehart Place, a 210,000 square foot mixed-use center under development on 23 acres on Rinehart Rd. and County Rd. 46A in the I-4 /Lake Mary corporate corridor.

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty said broker associate Jeffrey Henwood (top right photo) negotiated both property sales.

Old Southern Bank, based in Clermont, paid $1.45 million for a 0.82-acre (+/-) out parcel at Rinehart Place and plans to build a 5,022 square foot branch bank with drive-through facilities.

CVS Pharmacy, the Delaware-based retail pharmacy chain, paid $2.35 million for its 1.5-acre (+/-) out parcel. Henwood said CVS plans to develop a 12,900 square foot retail store with drive-through pharmacy at Rinehart Place.

Construction of the bank recently started (in mid-October). CVS is expected to break ground in December.

Stirling Sotheby’s International Commercial Realty (http://www.stirlingcommercial.com/) is the exclusive marketing representative for Rinehart Place.

The developer of the highly visible medical/professional and retail center is MAQ Group Development based in Margate, Fla.

For more information, please contact

Jeffrey Henwood, Stirling Sotheby’s International Commercial 407-571-2222
Frank Dever, Stirling Sotheby’s International Commercial 407-571-2222
Roger Soderstrom, Stirling Sotheby’s International Realty 407-588-1260
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

Sale of Houston’s Oak Park Office Center III closed by HFF

HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) has closed the sale of Oak Park Office Center III, (bottom left photo) a 151,000-square-foot office building in Houston’s Westchase submarket.

HFF senior managing directors Robert Williamson (top left photo) and Jeff Hollinden (middle right photo) and associate director Barbara Guffey (top right photo) led the investment sales team on behalf of the seller, Realty Associates Oak Park III, L.P.

Grubb & Ellis Realty Investors, LLC purchased the property free and clear of debt for an undisclosed amount.

Situated on an 11.4-acre site at 6001 Rogerdale Road, Oak Park Office Center III is within the Oak Park at Westchase office park close to the intersection of Beltway 8 and the Westpark Tollway in Houston.

The two-story property was developed by Myers Crow & Saviers, Ltd. in 2008 and is fully leased to Jacobs Engineering for a 10 year term. HFF also arranged the prior sale of Oak Park Office Center I and II on behalf the same development team in 2004 and February 2008.

Myers, Crow & Saviers, Ltd. is a real estate development and investment firm focusing on the development of office and industrial buildings in Houston, the Dallas/Fort.Worth metroplex and San Antonio.

Grubb & Ellis Realty Investors, the real estate investment and asset management subsidiary of Grubb & Ellis Company, offers a full range of commercial real estate investment programs.

Grubb & Ellis Realty Investors and affiliates manage a growing portfolio of assets valued in excess of $5.7 billion located across 30 states.

HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.

HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing. http://www.hfflp.com/.

CONTACTS:

Robert E. Williamson, HFF Senior Managing Director, 713 852 3500, rwilliamson@hfflp.com

Jeffrey A. Hollinden, HFF Senior Managing Director, 713 852 3500, jhollinden@hfflp.com

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com

HFF closes sale of two Austin, TX industrial properties

DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) has closed the sale of Southpark 3 & 4, two industrial properties totaling 176,000 square feet in Austin, Texas.

HFF director Jud Clements (top right photo) and associate director Robby Rieke marketed the properties on behalf of the seller, an affiliate of the General Electric Pension Trust, advised by GE Asset Management.

AEW Capital Management, L.P. purchased Southpark 3 & 4 free and clear of debt for an undisclosed amount. AEW acquired the property on behalf of AEW Value Investors, II, L.P., a value-added real estate fund.

Southpark 3 & 4 are located at 4209 and 4129 South Industrial Drive near the intersection of State Highway 71 and Interstate 35 in Austin’s southeast industrial submarket.

Completed in 1995, the buildings are 89% leased to tenants including The Whitley Printing Co., BlueLinx Corporation, Crawford Electric Supply and Austin Tele-Services. An adjacent 4.2-acre development site was also included in the sale.

“Southpark 3 & 4 benefit from a strategic location, diversified tenant base, stable cash flow with upside and a development opportunity on the adjacent parcel,” said Clements.

With a 78-year heritage of investment experience and more than $156 billion in assets under management, GE Asset Management is one of the largest managers of institutional assets in the U.S. GE Asset Management is exclusive real estate advisor to the GE Pension Trust, a global asset manager.

Founded in 1981, AEW Capital Management, L.P. provides real estate investment management services to investors worldwide.

Currently (as of June 30, 2008), AEW and its affiliates manage over $50 billion of property and securities in North America, Europe and Asia.

On behalf of many of the world’s leading institutional and private investors, the firm actively manages portfolios in both the public and private property markets and across the risk/return spectrum.

CONTACTS:

Judson M. Clements, HFF Director, 214 265 0880, jclements@hfflp.com

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com

Grubb & Ellis Predicts Continued Softening in Commercial Markets

SANTA ANA, CA--Bob Bach, (top right photo) senior vice president and chief economist at Grubb & Ellis Co. notes in his regular market update the labor market has deteriorated sharply in the past three months.

The October unemployment rate hit 6.5 percent, (middle left chart) the highest since February 1994, while employers have shed nearly 1.2 million payroll jobs this year, more than half of them coming in August, September and October.

Total job losses may approach the 2.7 million total recorded during and after the 2001 recession, while the unemployment rate could exceed 7.8 percent, the peak registered in June 1992 following the 1990-91 recession.

Expect commercial real estate leasing market fundamentals to soften through 2009.



Source: Bureau of Labor Statistics and Grubb & Ellis Co.



For more information or to speak with Bob Bach, please contact Janice McDill at 312.698.6707.

Concord Hospitality Breaks Ground on 17th Hotel in 2008

Company On Target to Double Portfolio to 100 Hotels Within Three Years

RALEIGH-DURHAM, N.C.—Concord Hospitality Enterprises, one of the nation’s top-ranked hotel developer/owner/operators, has broken ground on its 17th property of 2008, bringing to 15 the number of hotels the company currently has under construction.

The newest property is the 124-room Courtyard in Pittsburgh, PA, scheduled to open in fall 2009.

All of the hotels are premium brands affiliated with the world’s leading franchisors and are slated to open between now and year-end 2009.

Two of the properties, the SpringHill Suites by Marriott-Waukegan, Ill., (middle left photo) and the Fairfield Inn and Suites by Marriott Pittsburgh, Pa. (middle right photo), opened in August.

The remaining 15 under-construction hotels, aggregating more than 2,000 rooms and valued at nearly $350 million, put the company on pace to double the size of its portfolio to more than 100 owned and managed within the next three years.

“We did our first 50 hotels in 20 years; we hope to do our next 50 in three,” said Mark Laport, (top right photo) Concord Hospitality president and CEO.

“Our accelerated growth will be through a combination of new development, acquisitions/repositionings and third-party management contracts.

"Our development pipeline is the strongest it’s ever been, with 15 being the largest number of properties we’ve had under construction at one time. Even with a slowing economy and a troubled credit market, we have the ability to move projects forward.

"We have available equity to invest in new properties, in addition to the capital to develop, acquire and reposition/renovate hotels, and we have long-standing relationships with lenders who know us and know our capabilities.”

Laport noted that the 15 under-construction hotels will produce a portfolio with a wider geographical reach.

“In 2008, we have added or broken ground on properties in New York, Illinois, Maryland, Alabama and Texas and will break ground in North Carolina by the end of the year.

"We are gradually increasing our geographic diversification, developing in high-growth regions, like the southwest, in order to spread our business risk across a wider area and lessen our exposure to any one regional economy.

"As always, we are focusing on markets with solid demographics and high barriers to new supply. We continue to aggressively seek additional sites for hotel development, both domestically and overseas,” he said.

“With the continued globalization of the hotel industry, we see significant international growth opportunities, especially as U.S.-based brands like Marriott, Hilton, Starwood and Intercontinental Hotel Group seek to expand their presence there.”

The 15 hotels currently under construction in the Concord pipeline are:

Laport added that new development is just one leg of a multi-pronged growth strategy. With the recently announced signing of contracts with national real estate developer Jackson-Shaw, to manage two hotels in an under-construction, multi-use development in Dallas, Concord’s portfolio of hotels reached another important milestone.

Third-party management contracts now account for half of the company’s total portfolio of more than 50 hotels, compared to an 80/20 mix just a few years ago.

(Renaissance Raleigh hotel site, Raleigh, NC, bottom right map)

“Our existing owners have always been an important source of new management contract opportunities for us,” Laport said.

“Now we have taken a more proactive approach, looking for owners who have or wish to build quality assets and need high-level technical and pre-opening services to help in the development, opening and operating of hotels.”

Contacts: Melanie Boyer, Jerry Daly (703) 435-6293.

Trump Entertainment Rating Cut To 'CCC' From 'B-'; Outlook Negative

NEW YORK, Nov. 11, 2008--Standard & Poor's Ratings Services today lowered its corporate credit and issue-level ratings on Atlantic City-based Trump Entertainment Resorts Holdings L.P. (TER). The corporate credit rating was lowered to 'CCC' from 'B-', and the rating outlook is negative.

"The ratings downgrade reflects our expectation that TER's ability to service its current capital structure over the intermediate term will be challenged despite the recent opening of the Chairman Tower at the Trump Taj Mahal (above centered photo) and the planned sale of the Trump Marina," said Standard & Poor's credit analyst Ben Bubeck. (middle left photo)

"While a portion of the proceeds from the planned sale of the Trump Marina, (bottom left photo) which is scheduled to close by May 28, 2009 (subject to up to a potential 60-day extension), could potentially remain on the balance sheet to support an expected shortfall in cash generation relative to debt service obligations, we believe that, absent a substantial rebound in the Atlantic City market, a restructuring of TER's debt obligations is likely."

The 'CCC' rating reflects TER's weak credit metrics, limited liquidity, and small portfolio of casino assets, which rely exclusively on cash generated in the highly competitive Atlantic City market.


(Developer Donald Trump, middle right photo)


During the 10 months ended Oct. 31, 2008, total casino win in the Atlantic City market and at TER's three properties was down 6.6% and 6.7%, respectively, versus the prior comparable period.

We expect that competitive pressures from neighboring states, compounded by challenging economic conditions and a substantial pullback in consumer discretionary spending, will continue to hurt the performance of the Atlantic City market in general, and will drive TER's credit metrics even weaker over the next several quarters.


As of Sept. 30, 2008, we estimate that, including the Trump Marina, total debt to EBITDA was more than 14x and EBITDA coverage of interest was approximately 0.9x.




Media Contact:
David Wargin, New York (1) 212.438.1579, david_wargin@standardandpoors.com

Analyst Contacts:
Ben Bubeck, CFA, New York (1) 212-438-2176
Melissa Long, New York (1) 212-438-3886

Shaw Mechanical nixes annual party to focus on corporate giving

ORLANDO, FL, Nov. 11, 2008 — Times what they are, Shaw Mechanical Services LLC has decided to forego its annual giving and thanks party for clients and staff this year to renew its sponsorship of the Destiny Foundation of Central Florida.

For 2009, Shaw Mechanical has committed to continue its three-point corporate giving program announced at last year’s bash that included a monetary donation, 80-hours of employee paid-volunteer-time and in-kind maintenance service for the Foundation’s 72-tons of HVAC equipment.

In 2008, Shaw Mechanical presented Destiny Foundation with a check for $5,000, provided $7,000 in servicing the Foundation’s 72-tons of HVAC equipment, and paid staff to volunteer at the Foundation’s warehouse and grocery store located on Michigan Avenue near downtown Orlando, Fla.

“During an economic downturn of this magnitude, it is much more important that we renew our support to the Destiny Foundation to help those in our own community that need assistance,” said Shaw Mechanical Services’ President, David L. Shaw. (middle right photo)

About Destiny Foundation
The Destiny Foundation, founded in 2001 by Pastor Scott George, (top left photo) was created to allow the working poor to invest sweat equity in the Foundation’s 35,000-square-foot grocery store in exchange for the ability to reduce their monthly food budget.

Please visit http://www.battlehunger.org/ for more information.

Contact: Elaine Ingra, PR WORKS!, PH: 407 384-1344,
elainei@pr-works.com, www.pr-works.com

Regency Centers Reports Increased Net Income of $54.5M

(Regency Centers Corp. executive team, seated, Bruce Johnson and Brian Smith. Standing, from left, Mark Harrigan, Jim Thompson, Martin "Hap" Stein Jr., Mary Lou Fiala, James Buis and John Delatour.)

JACKSONVILLE, FL.--(BUSINESS WIRE)--Regency Centers Corporation (NYSE:REG) has announced financial and operating results for the quarter and nine months ended September 30, 2008.

Funds From Operations (FFO) for the third quarter was $85.0 million, or $1.21 per diluted share, compared to $67.8 million and $0.97 per diluted share for the same period in 2007.

For the nine months ended September 30, 2008, FFO was $214.4 million or $3.05 per diluted share, compared to $212.7 million or $3.04 per diluted share for the same period last year.

Regency reports FFO in accordance with the standards established by the National Association of Real Estate Investment Trusts (NAREIT) as a supplemental earnings measure. The Company considers this a meaningful performance measurement in the Real Estate Investment Trust industry.

Net income for common stockholders for the quarter was $54.5 million, or $0.78 per diluted share, compared to $37.0 million and $0.53 per diluted share for the same period in 2007.

Net income for the nine months ended September 30, 2008, was $113.1 million or $1.61 per diluted share, compared to $133.4 million and $1.92 per diluted share for the third quarter of 2007.

(Martin E. "Hap" Stein Jr., chairman, middle right photo)

Portfolio Results

For the three months ended September 30, 2008, Regency's results for wholly-owned properties plus its pro-rata share of co-investment partnerships were as follows:

-- Same store net operating income (NOI) growth: 2.3% (2.0%
including 100% of co-investment partnerships)

-- Rental rate growth on a cash basis: 13.8% (13.3% including
100% of co-investment partnerships)

-- Leasing transactions: 441 new and renewal lease transactions
for a total of 1.5 million square feet

For the nine months ended September 30, 2008, Regency's results for wholly-owned properties and its pro-rata share of co-investment partnerships were as follows:

-- Percent leased, operating properties only: 94.3% on a pro-rata
basis (94.8% including 100% of co-investment partnerships)

-- Same store net operating income (NOI) growth: 2.5% (2.6%
including 100% of co-investment partnerships)

-- Same store rental rate growth on a cash basis: 11.6% (11.6%
including 100% of co-investment partnerships)

-- Leasing transactions: 1,331 new and renewal lease transactions
for a total of 4.5 million square feet

For a complete copy of the company's news release showing full performance details, please contact Lisa Palmer, IRInfo@regencycenters.com, 904-598-7636, http://www.regencycenters.com/

D & A Building Services hired to put a shine on Reliable Plaza

LONGWOOD, FL — D & A Building Services Inc. has completed the construction clean-up contract to get Reliable Plaza (top left photo) ready for its debut today in downtown Orlando, Fla.

Under contract with Skanska/JCB, the construction management joint venture for the new headquarters of Orlando Utilities Commission, D & A provided construction clean-up services, carpet cleaning, interior window cleaning and exterior high-rise window cleaning for the 10-story, 150,000-square-foot building.

Approximately, fifteen D & A cleaning technicians were involved in the execution of this contract.

D & A Building Services Inc. provides facility maintenance services to property managers, building owners, and local, state and Federal governments.

Founded in 1985, D & A performs full-service janitorial and specialized interior and exterior facility maintenance, landscape maintenance, pest control, waterproofing, construction clean-up and communications services.

Al Sarabasa, Jr. (middleright photo) is president, CEO and founder of the veteran-owned company, an Hispanic-Owned Business Enterprise. The Company has offices in Longwood, Fla., Jacksonville, Fla., Tampa, Fla., Kansas City, Mo., Madison, Wis., Plano, Texas, and Detroit, Mich.

For additional information, please visit http://www.dabuildingservices.com/.

Contact: Elaine Ingra, PR WORKS!, PH: 407 384-1344,
elainei@pr-works.com, http://www.pr-works.com/

Noble Investment Group Starts $9M Renovation and Addition at Kansas City Marriott Country Club Plaza

ATLANTA, Ga. – November 11, 2008 –Privately held Noble Investment Group (“Noble”), a leading sponsor of private equity real estate funds and an integrated lodging and hospitality operating and development organization, today announced the launch of the $9 million comprehensive renovation of the Kansas City Marriott Country Club Plaza (top left photo) in Missouri.

Noble acquired the hotel in March of 2008 and has designed an overarching renewal of all guestrooms, meeting and event space, food and beverage outlets, as well as all public areas.

“The completion of these planned physical enhancements to the entire hotel will enable our dedicated team of hospitality professionals at the Kansas City Marriott Country Club Plaza the ability to provide their guests with a memorable luxury experience,” said Bob Morse, (middle right photo) Noble’s managing principal and chief operating officer.

The $9 million renovation will include the creation of the Marriott Great Room, an ideal spot for guests to engage in small work groups, gather in a casual dining experience or socialize and unwind in an inviting, comfortable, living-room atmosphere.
The Great Room concept was designed to provide intimate social zones, virtually enabling guests to tailor the use of the space to suite their own needs, much as they would do in their own homes.

CONTACTS:

Chris Daly, Vice President, Daly Gray Public Relations, 703 435 6293, chris@dalygray.com
Bonnie Herring, Noble Investment Group, 404-262-9660, bonnie.herring@nobleinvestment.com

GVA Advantis Retained by The Woodmont Co. to Exclusively Lease Plantation Plaza in Destin, FL

DESTIN, FL– GVA Advantis has been retained by The Woodmont Company to exclusively lease Plantation Plaza, (top right photo) a new 121,245-square foot class A community retail center in Destin, Okaloosa County, Florida.

The property will be exclusively represented by Managing Director Lucas Hewett (middle left photo) and Associate Director Jason Carnes.(bottom right photo)

“Plantation Plaza is Destin’s newest destination retail center,” says Hewett. “We will leverage off of the activity generated by the center’s anchors, Fresh Market and Marshalls, to complete the lease-up of this exciting assignment.”

Plantation Plaza is located within the prestigious Kelly Plantation resort community along Highway 98 / Emerald Coast Parkway in the heart of Destin. It is situated on Commons Drive, adjacent to and east of The Home Depot.

The Woodmont Company, a Fort Worth, Texas-based commercial real estate investment and brokerage firm, has been in business for 28 years, growing to a nationwide network of more than 70 professionals and dozens of partner companies.

Woodmont has developed, managed and brokered tens of millions of square feet, always focusing on a commitment to personal service and the client's perspective. With offices in Fort Worth and Dallas,

The Woodmont Company's services include site selection, development, brokerage, investment, and property management. For more information, visit www.woodmont.com.
CONTACT:

Lisa Pelec Hyde, Regional Director of Marketing, Advantis Real Estate Services Company,
3000 Bayport Drive, Suite 100, Tampa, Florida 33607. Tel 813.342.4752. Fax 813.342.4004.
E-mail Lhyde@gvaadvantis.com
http://www.gvaadvantis.com/