HFF closes $23.5 million sale of designer boutique hotel in Waikiki Beach area of Honolulu

Hotel Renew, Honolulu,  to be renamed Hotel Renew by Aston

Holden Lim

 SAN FRANCISCO, CA – HFF announced today that it has closed the $23.5 million sale of Hotel Renew, a 72-room, fully-renovated, designer boutique hotel in Honolulu, Hawaii.

                HFF marketed the property on behalf of the seller, Z-Tower, LLC.  An affiliate of Atrium Holding Company purchased the asset for $23.5 million.  The hotel was offered fee simple and unencumbered of brand and management, a rarity in Hawaii.  The buyer will rebrand the property as Hotel Renew by Aston.

William Stadler

                Hotel Renew is located at 129 Paoakalani Avenue one-half block from the world-renowned Waikiki Beach.  Originally built in 1967, the nine-story property was completely renovated in 2008, guided by the acclaimed designer, Jiun Ho, which totally transformed the property into a designer boutique hotel. 

Hotel amenities include Renew Lounge serving continental breakfast and evening cocktails, garage parking and on-site moped and surf board rentals. 

The HFF investment sales team representing Z-Tower, LLC, was led by managing director Holden Lim, senior managing directors William Stadler and Dan Peek and managing director Scott Hall.

                “We are very pleased to have had the opportunity to represent the seller in this important assignment.  Due to the unique attributes of the Hotel Renew and strong momentum of the hotel market in Honolulu, where RevPAR growth has been the strongest of all the major markets in 2012 and year-to-date 2013, we received significant interest from both domestic and international investors,” noted Lim.

Scott Hall

“As owners of a boutique hotel whose renovation and grand opening coincided with the Great Recession, we feel pleased and rewarded that we held onto our dream renovation, which converted to financial viability once the economy turned; and has rendered our hotel greatly desired by consumers and potential buyers alike,” said  Steve Heimler, Principal of Z-Tower, LLC.

“HFF did a great job in representing ownership and the sale was conducted nearly flawlessly and with an extremely positive outcome for us.”

Steve Heimler

For a complete copy of the company’s new release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

Sale of Marriott Business Park in Santa Clara, CA closed by HFF

SAN FRANCISCO, CA – HFF announced today that it has closed the sale of Marriott Business Park, an office/R&D business park totaling 427,500 square feet in Santa Clara, California. 

Michael Leggett

HFF marketed the property on behalf of the seller, a joint venture between two global investment managers.  Legacy Partners, in joint venture with AllianceBernstein U.S. Real Estate Partners, purchased the property for an undisclosed amount.

 Marriott Business Park was the second property of a two-property portfolio listed by HFF on behalf of the seller, containing a total of 892,500 square feet.  The first property, Park Square, closed last month in a transaction to The Irvine Company.

Steven Golubchik

                The property is located just off Great America Parkway near Highway 101 and the Lawrence Expressway in Santa Clara.  Situated on nearly 26 acres, Marriott Business Park includes 12, single- and two-story buildings that are 90 percent leased.

  Constructed between 1979 and 1980, the property has been institutionally maintained and has recently undergone significant capital and tenant improvements.

The HFF team representing the seller was led by senior managing director Michael Leggett, managing director Steven Golubchik and associate director John Simerlein. 

John Simerlein

“Investors were attracted to the stable in-place occupancy with substantial upside potential from near-term rollover of currently occupied suites, which were leased at rates significantly below-market, allowing the new owner to capitalize on the surging office market,” commented Golubchik.  “Furthermore, the property offered investors increased site density should the new ownership seek redevelopment in the future.”

As an investor and operator with a long-standing presence in its core markets - Northern California, Southern California, Denver and Seattle - Legacy Partners Commercial has been providing high-quality properties to tenants, and solid returns to investors, for more than 40 years. 

  Its specific focus in the western U.S. provides the company with economies of scale in acquisitions, development, marketing, leasing, design, construction and management that directly benefit its tenants and investors.

  

For a complete copy of the company’s new release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

$581 million refinancing secured by HFF for 16-property national hotel portfolio and golf course/tennis club

  Sheraton San Francisco Fisherman's Wharf Hotel

Trey Morsbach

DALLAS, TX – HFF announced today that it has secured a $581 million refinancing for a 16-property, 4,798-room hotel portfolio and golf course/tennis club located in major markets throughout the United States.

                Working exclusively on behalf of affiliates of The Blackstone Group, L.P., HFF placed the three-year, floating-rate loan with GE Capital Real Estate.  The loan has two one-year extension options.

                The portfolio is comprised of 12 full-service hotels, four boutique hotels and one golf course/tennis club. 

The hotels are: Sheraton San Francisco Fisherman’s Wharf in San Francisco, CA; Hilton Irvine-Orange County Airport, and Marriott Irvine in Irvine, CA; DoubleTree Austin in Austin, TX; DoubleTree Suites Indianapolis-Carmel in Carmel, IN; Hilton Clearwater Beach Resort in Clearwater, FL; South Seas Island Resort in Captiva Island, FL;

Also: The Inns of Sanibel (four boutique hotels) and The Dunes Golf and Tennis Club in Sanibel Island, FL; DoubleTree Orlando-Universal in Orlando, FL; Hilton Cocoa Beach Oceanfront in Cocoa Beach, FL; Hilton Key Largo Beach Resort in Key Largo, FL; The Ritz-Carlton Pentagon City in Arlington, VA; and the Marriott Princeton-Forrestal in Princeton, NJ.

John Bourret

                The HFF team representing the borrower was led by senior managing directors Trey Morsbach and Dan Peek and managing director John Bourret.

                According to HFF, this was an exceptional opportunity to finance a first-class, institutional sponsor with premium-branded assets in strong, major markets.

For a complete copy of the company’s new release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

Invest Atlanta Celebrates Two Wins in Georgia Supreme Court; Ruling Confirms School Taxes Can Be Used to Spur Redevelopment

         Georgia Supreme Court, Atlanta, GA

ATLANTA, GA (June 4, 2013) — The Georgia Supreme Court issued two opinions this week that reaffirm Invest Atlanta’s commitment to redeveloping under-served areas of Atlanta.

Brian P. McGowan

In Sherman v. Atlanta Independent School System, et.al, the state's highest court affirmed that the use of school tax funds to spur redevelopment in tax allocation districts is lawful.

In 2008, voters ratified a Constitutional amendment to allow use of school taxes to fund redevelopment, and in 2009 the General Assembly enacted a new Redevelopment Powers Law to implement the constitutional mandate.

“Today’s ruling gives us confidence as we continue the critical redevelopment efforts in the most underserved areas of Atlanta,” said Brian P. McGowan, President and CEO of Invest Atlanta. “We are able to continue the work we see as so necessary to attracting the types of businesses and development projects that serve as the foundation for thriving communities.”

John F. Woodham

The decision upholds the constitutionality of the tax allocation district as a crucial means of funding transformative redevelopment projects like the Atlanta BeltLine and the Perry Bolton Tax Allocation District (TAD). 

The Georgia Supreme Court also summarily rejected an appeal by John Woodham in a different bond validation action related to two lease purchase bond transactions. This ruling will allow Invest Atlanta to seek enforcement of the trial court's order imposing more than $300,000 in sanctions against Woodham.

“These clear rulings today are huge wins,” McGowan said. “We look forward to advancing the city's economic development initiatives using these effective tools.”

For a complete copy of the company’s new release, please contact:

Patti Ghezzi

The Wilbert Group

404-290-1996 

pghezzi@thewilbertgroup.com

http://investatlanta.com

.

Marcus & Millichap Capital Corp. Arranges $6.6 Million Single-Tenant Office Acquisition

Matthew Rosenberg

 YORK, PA – Marcus & Millichap Capital Corporation (MMCC) has arranged $6,640,000 in debt for the purchase of a newly constructed 20,000-square foot Class A office property.

Matthew Rosenberg, an associate in MMCC’s Philadelphia office, arranged the loan.

“Our client had very specific requirements for the loan,” says Rosenberg. “To meet their needs, we delivered a fixed interest rate of 4.11 percent, which is quite low for a commercial single-tenant triple-net leased property.”

“Many loans on single-tenant triple-net leased properties with less than 10 years remaining on the lease are reaching maturity,” Rosenberg concludes.

 “MMCC has a great deal of experience in sourcing capital for these loans and can offer clients a number of different loan structures to suit their specific needs.”

The seven-year fixed-term loan amortizes over 30 years. The LTV is 80 percent

For a complete copy of the company’s new release, please contact:

Ben Johnson

Marketing Director

(925) 953-1736

Foreman Friedman, PA Signs 15,000=SF Renewal and Expansion at One Biscayne Tower in Downtown Miami, FL

                      

                     One Biscayne Tower, Downtown Miami, FL

  

Brian Gale

Miami, FL, June 4, 2014  --  Foreman Friedman, PA, a full-service litigation and business law firm, has expanded the size of their offices by nearly 35%.  The firm signed a 15,000 square foot renewal and expansion of their offices at One Biscayne Tower, the 700,000 square foot Class A office tower located in Downtown Miami.

The transaction, an eleven year deal valued at $6 million, was negotiated on behalf of the owner by the Taylor & Mathis leasing team of Brian Gale, Andrew Trench, Ryan Holtzman and Jeannette Mendoza.  The deal was co-brokered by John Marshall of CRESA Partners.

Ryan Holtzman

We are definitely seeing an uptick in downtown leasing activity over the last few quarters,” said Brian Gale, Taylor & Mathis Principal and Managing Director. 

Taylor & Mathis has reported 13 deals totaling 285,000 square feet in Downtown Miami and Brickell this year.  Foreman Friedman is the third significant deal signed at One Biscayne Tower in recent months.  The office building which offers incredible views of Biscayne Bay is one of downtown Miami’s best values for office space. 

  

For a complete copy of the company’s news release, please contact:

Brian Gale, bgale@taylormathis.com  (305)476-8880

info@fflegal.com

www.fflegal.com

http://www.onebiscaynetower.com

Competitive Pricing and Ocean Views Draw A-List Businesses, Professionals to the BankUnited Building in Palm Beach, FL

  

BankUnited Building, 2875 Ocean Boulevard, Palm Beach, FL

PALM BEACH, FL– For Brett D. Forman, chief executive officer and principal of the firm that owns the BankUnited building at 2875 South Ocean Blvd. in Palm Beach, less is more.

Brett D. Forman

 Forman, who acquired and redeveloped the abandoned office building for some $5.5 million in 2004, applied the same entrepreneurial approach to pricing he uses at Forman Capital, LLC a specialized commercial real estate lender with an anticipated loan volume in excess of $60 million this year.

 So far, he’s been successful in spite of the real estate crisis. In addition to BankUnited, and Forman Capital, the building tenants include a not-for-profit Bethesda Health doctor’s office, a pharmacy, physical therapist, salon/spa and venture capital firm.

Palm Beach, FL skyline

 “As a direct lender we use an entrepreneurial platform that combines real estate underwriting with analysis of traditional credit metrics and creativity, Forman explained.

 Most Class A office buildings in Palm Beach charge upwards of $50 per square foot and are much older buildings with vacancy rates in the area averaging about 20 percent. Forman said rents in the $20-30 per square foot range are much more sustainable.

 “We try to look at our tenants as business partners,” Forman said. “We succeed if they succeed and if one of us fails, it affects the whole community.”

Palm Beach Executive Center interior

 The building boasts the Palm Beach Executive Center, a full service 9,000 square foot executive suite for startup and entrepreneurial business models and Forman said only 20 percent of the space remains available for lease in the building.

 “As a direct lender to commercial real estate ventures, I try to know the market pretty well,” Forman said.   “By taking a sustainable approach to our property we hope to encourage economic growth and prosperity all around. We all benefit from that.” 

For a complete copy of the company’s news release, please contact:

 Beth Payan or Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com      

George Smith Partners Secures First Non-Recourse Construction Financing Since 2007 for New Condominium Development in Los Angeles Area

   Latitudes at Silverlake condominiums rendering, Silver Lake, CA

LOS ANGELES, CA – Commercial real estate investment banking firm George Smith Partners has successfully arranged the first non-recourse construction loan for a townhome-style condominium development in Los Angeles since the economic downturn in 2007, according to George Smith Partners’ Vice President, Jonathan Lee.

Jonathan Lee

The project, “Latitudes at Silverlake,” will consist of 63 for-sale condominiums, including two-, three-, and four- bedroom floor plans ranging in size from 1,300 to 1,900 square feet. The property will feature a modern architectural design with roof top decks for select units, as well as large common areas and a pool.

“This transaction indicates a turning point for the condo market in the Los Angeles area, demonstrating a renewed confidence surrounding the housing market and urban infill development,” says Lee.  “We were successful in leveraging the highly desirable location of the project in order to secure this unusual non-recourse loan guarantee for our clients.”

Charles Tourtellotte

The $11.8 million loan was secured by George Smith Partners on behalf of a joint venture partnership between Los Angeles-based TAAG Investment Management and a private equity fund.  Lee was assisted by George Smith Partners’ Analyst, Shine Cheng.

The financing will be used for the development of Latitudes at Silverlake, a 63-unit, for-sale condominium project located in the Los Angeles neighborhood of Silver Lake.

According to Lee, Silver Lake is one of the most highly sought-after development sites in the City of Los Angeles.

Shine Cheng

Charles Tourtellotte, President of TAAG Investment Management explains, “The Southern California housing market is shifting. 

  For many years, the development community was focused on for-sale, green field development.  Today, infill development in dense, centrally located areas is growing in popularity - a result of the Los Angeles population’s growing desire to avoid lengthy daily commutes in and out of the City to employment.”

For a complete copy of the company’s news release, please contact:

Corynne Randel/ Judith Brower

Brower, Miller & Cole

(949) 955-7940

Crandel@browermillercole.com

Whole Foods Market to Anchor Greenway Town Center in Tigard, OR

     Greenway Town Center redevelopment rendering, Tigard, OR

PORTLAND, OR -- (BUSINESS WIRE)-- Regency Centers Corporation (NYSE:REG), a national owner, operator and developer of grocery-anchored and community shopping centers, announced the redevelopment of Greenway Town Center, a 93,000-square-foot neighborhood center located in Tigard, Ore.

Craig Ramey

 As part of the center’s enhancements, Whole Foods Market, the world’s leading natural and organic foods supermarket, will open a 37,500-square-foot store in 2014.

 The $6 million redevelopment will include a new exterior façade with cedar wood accents, upgraded architectural components, parking lot improvements and new site lighting, landscaping and signage. All retailers will remain open during the redevelopment, which is scheduled to begin in August.

“Whole Foods Market will offer area residents an exciting new grocery experience and add vibrancy to this established center,” said Craig Ramey, senior vice president and market officer for Regency Centers. “The significant investment of Regency Centers and Whole Foods Market will further improve the grocery options in the surrounding community.”

As part of the Regency’s greengenuity® program to reduce the environmental impact of developing and operating shopping centers, Greenway Town Center will incorporate a number of sustainable elements such as energy-efficient lighting, an upgraded storm water retention system and water-efficient landscaping.

Just 12 miles southwest of Portland, Greenway Town Center is located at the northwest corner of SW Scholls Ferry Road and SW 121st Avenue in Tigard, Ore. with daily traffic counts of 37,000. For leasing information, contact Kalin Berger at 503-603-4700 or KalinBerger@RegencyCenters.com.

The center was built in 1979 and acquired by Regency in 2005. Regency owns and operates 10 centers, totaling 834,000 square feet, in Oregon. The properties are managed by an 11-member team with an office in Portland. 

 For a complete copy of the company’s news release, please contact:

Cohn Marketing

Allyse Sanchez, 303-839-1415, ext. 41

Allyse@CohnMarketing.com

or

Regency Centers Corporation

Craig Ramey, 503-603-4700

Senior Vice President, Market Officer

CraigRamey@RegencyCenters.com

Beech Street Capital Closes $22.1 Million Freddie Mac Loan for Orlando, FL Apartments

  

      Highpoint Club Apartments, Orlando, FL

BETHESDA, MD – Beech Street Capital, LLC, announced that it closed a $22.1 million Freddie Mac CME loan for the acquisition of Highpoint Club, a 348-unit garden-style apartment complex in Orlando, Florida. 

Mitch Sinberg

 Senior Vice Presidents Mitch Sinberg and Michael Wallace, headquartered in Beech Street’s Fort Lauderdale office, originated the transaction. 

 “The borrowers were concerned about the time it would take to complete the transaction,” says Wallace.  “We were able to move things along quickly so that they closed within the terms of their purchase and sale agreement.” 

 The borrowers’ extensive experience and the property’s excellent condition and superior amenities were also instrumental in facilitating the timeline.

 The 43 two-story buildings comprising Highpoint Club had been well maintained by the previous owner. 

Michael Wallace

Common area amenities include a swimming pool with spa, tennis and basketball courts, picnic areas with grills, a clubhouse with business center, a private dock on the community lake, Wi-Fi at the swimming pool and clubhouse, and a 24-hour fitness center.

 The units feature fully equipped kitchens with breakfast bars, spacious walk-in closets, wiring for intrusion alarm systems, full-size washer/dryer connections, vaulted 15-foot ceilings in select units, private ground floor entrances and foyers, and sunrooms.

 The fixed-rate loan has a seven-year term, one-year interest-only period, yield maintenance of 6.5 years, and a 30-year amortizing schedule.

 For a complete copy of the company’s news release, please contact:

Courtney Lewis

240-507-1948

Jenifer Bernardi

240-507-1946.

Lollicup® USA, Inc. Selects County of San Bernardino, CA for Expansion

  

   Alan Yu, President and CEO, Lollicup USA Inc.

County of San Bernardino, CA – Lollicup® USA, Inc., a specialty beverage manufacturer, supplier, and retailer announced the expansion and relocation of its US headquarters to the County of San Bernardino. 

The new state-of-the-art 300,000-square-foot plus facility is now under construction at 6185 Kimball Avenue in Chino, CA.  Lollicup plans to relocate into the new facility by mid-third quarter of 2013.  The building will also house Lollicup’s Southern California distribution center and manufacturing, as well as provide on-site sales for their retail customers.

Lollicup is relocating from approximately 140,000 square feet of space located in the cities of Walnut and Industry, making the move to the County an expansion for the firm.  

The company currently has 150 employees, with plans to add additional employees once relocation is complete.

Lollicup USA New Headquarters
under construction
6185 Kimball Avenue, Chino, CA

Alan Yu, President & CEO of Lollicup stated, “We are bringing manufacturing back to the US.  In addition to our corporate headquarters, our new space will house a state-of-the-art manufacturing facility for paper and plastic disposable goods. 

“We are moving our manufacturing from Asia to California to shorten our customers’ lead times and to meet increased demand for our products.  Once in place, we’ll be able to provide a 24-hour operation, eliminating the time and process involved with shipping overseas.

“ We also look forward to adding more people to our organization and working with the County to achieve our goals.”

In business since 2000, Lollicup® USA Inc. bears the same name as its nationwide and international chain of Lollicup bubble drink stores. 

              
 The new industrial building is situated on 16.3 acres.  It will feature 46 loading docks, two drive-in bays, a 32-foot high ceiling, ESFR system, metal halide lighting, 800-amp heavy power, and industrial trailer parking.

 For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

www.SBCountyAdvantage.com

Avison Young completes $4.12-million short sale of North Village Center business park in Palm Springs, CA

  

Los Angeles, CA – Avison Young, Canada’s largest independently-owned commercial real estate services company, announced today that it has completed the $4.12-million short sale of North Village Center, a 93,529-square-foot (sf), three-building industrial/retail park in Palm Springs, CA.

Dan Vittone

 Located at 19345-19465 North Indian Canyon Drive, the complex was built in phases in 1985, 1986 and 1990. The property, situated on nearly eight acres, was approximately 70 percent occupied at the close of escrow.

 Avison Young Principals Dan Vittone and Alan Pekarcik, based in the company’s Irvine, CA office, represented an undisclosed seller, as well as the buyer, WLA Investments, Inc. The closing capitalization rate was approximately 8 percent.

 “The property offers tremendous upside for the new buyer as existing rents are approximately 50 percent off from the peak,” comments Vittone. “Despite limited capital seeking investment product in the Coachella Valley, we secured offers from more than a dozen prospective investors through an aggressive marketing campaign.”

Alan Pekarcik

The multi-tenant property is located one block north of Interstate 10, approximately four miles north of Highway 111, the main north/south state highway and retail corridor through the Coachella Valley, and approximately 50 miles east of the San Bernardino International Airport.

 The project features excellent visibility and regional access, and varying unit sizes and office and retail showroom configurations to accommodate a variety of uses and tenant expansion needs.

 North Village Center is expected to realize the benefits of improved access and increased exposure due to the adjacent interstate (I-10) overpass expansion project that was completed in March 2010, giving rise to more than 300,000 sf of nearby commercial development planned or under construction.

Projects include a commercial shopping center and a Hard Rock Hotel.

 For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

D.G. Communications, Inc.

949.278.6224

“Commercial Real Estate Show” Interviews Successful Retail REIT CEOs

  

Michael Bull

 ATLANTA, GA – Optimism in the retail sector’s future. High-quality tenants. Significant growth plans. Strong balance sheets.

 Those are some of the characteristics of the retail REITs highlighted in the most recent episode of the “Commercial Real Estate Show,” hosted by Michael Bull of Bull Realty.

The episode featured interviews with the REITs' CEOs conducted by Bull Realty's Brad Thomas at the recent RECon 2013 convention in Las Vegas. Thomas, senior vice president of capital markets at Bull Realty, writes about REITs for Forbes, Seeking Alpha and The Street.

Brad Thomas

“Overall, the shopping center industry – month by month, quarter by quarter – has been getting a lot better,” said David Henry of Kimco Realty. “You see it in our key metrics. Occupancy, same-store net operating income, leasing spreads, effective rents: they’re all getting better for us.”

David Henry

 “There’s a lot less new supply that’s being added to the market, so it’s a good demand-and-supply equation for the shopping center business,” said Hap Stein of Regency Centers. “It’s vastly improved over the last several years.”

Stand-alone, triple-net-leased retail properties are especially appealing to both tenants and investors in today’s marketplace, according to Tom Lewis of Realty Income, which focuses on net-leased sites.

Hap Stein

“A lot of America’s corporations have decided they don’t need to own real estate,” he said. Instead, “they can lease it, and we’re buying it and leasing it back to them under long-term leases … The cost of capital is low, and that’s the perfect storm for companies like ours.”

Federal Realty Trust has grown its cash flow by concentrating its retail portfolio in core, densely populated markets such as Boston, Northern California, Southern California and Washington D.C., said Don Wood of Federal Realty Trust. “How do you keep cash flow growing?” he said. “You’ve got to be in high-quality markets where there’s lots of people with money to spend.”

Don Wood

 Taubman Centers is feeling bullish enough about the sector that it is currently undertaking $1.2 billion of new development, said Robert Taubman. The new projects include regional malls in San Juan, Puerto Rico; suburban St. Louis; and Sarasota, Fla., as well as three retail projects inAsia.

 “Our DNA is about development,” Taubman said.

Robert Taubman

 Tanger Factory Outlets also is building new properties, including new centers in Charlotte, N.C.; Columbus, Ohio; and Grand Rapids,Mich. “This growth is based on demand,” said Steve Tanger. “We don’t build on speculation.”

 Having executives own part of a REIT can make the company more successful, said Stuart Tanz of Retail Opportunity Investment Corp. “I believe I’m the single largest individual shareholder in the company,” he said. 

Steve Tanger

“That’s critical, in my view, of looking at any company. You want management to have skin in the game. Everyone is making decisions for the future in terms of their own vested interests.”

The entire episode on retail REITs is available for download at www.CREshow.com. The next “Commercial Real Estate Show” will be available June 6 and will feature more interviews from the recent RECon 2013 retail show in Las Vegas.

Stuart Tanz

 For a complete copy of the company’s news release, please contact:

Stephen Ursery

The Wilbert Group

E-mail: sursery@thewilbertgroup.com

Please note new office number: (404) 549-7150

Cell: (404) 405-2354

www.thewilbertgroup.com