CBRE's Ray Romano Closes Leasing Deals for 81,285 SF in Orlando

Scientific Games International Takes 44,485 SF at Liberty Park at AIPO

ORLANDO, FL– The Orlando office of CB Richard Ellis is pleased to announce, Ray Romano, (top right photo) Vice President, secured a six year lease on 44,485-sq.-ft. representing Scientific Games International Inc., the leading integrated supplier of instant tickets, systems and services to lotteries worldwide, based in Alpharetta, Georgia.

The space is located at Liberty Park at AIPO, 2487 Tradeport Drive, Orlando, Florida. Liberty AIPO Limited Partnership was represented by Stephen Whitley and Todd Watson of Liberty Property Trust.

Unique Industry Corp. Moves Into 36,800 SF at 4506 McLeod Road

ORLANDO, FL-– Romano also negotiated a five year lease on 36,800-sq.-ft. representing Unique Industry Corporation, an automotive body parts distributor, headquartered in Atlanta, Georgia. The space is located at 4506 LB McLeod Road, Orlando, Florida. The landlord N.W. 28th Way, LC was represented by Deborah Mickler (bottom left photo) of Colliers Arnold.

Contact: Angelique Greven, 407.839.3158, angelique.greven@cbre.com

Soderstrom Says Stock Market Losses Could Mean Real Estate Gains for Savvy Investors

Real Estate Offers Bargains and Long-term Growth

ORLANDO, FL --- Turmoil in the stock markets could result in long-awaited gains in the real estate sector, says one prominent Florida real estate leader. Roger Soderstrom, (top right photo) founder and owner of Stirling Sotheby’s International Realty (http://www.stirlingsir.com/), said investors unhappy with stock market declines could well shift their investments to real estate.

“The turmoil currently taking place on Wall Street could create some opportunities for the real estate market,” Soderstrom said. “Uncertainty on Wall Street and declining stock values will motivate some investors to look at real estate once again as a safe haven for their capital. Real estate has always performed well over the long term.”

“Prices have dropped substantially over the past two years and motivated sellers are open to offers,” he said. “Soon, we will see more builder-owned and lender-owned properties coming to the market, and we expect they will be aggressively priced to sell.”

When properties begin selling at prices substantially below their replacement cost, astute investors see substantial value, Soderstrom explained. Large investors are already roaming the Florida landscape for bargains.

“For the past four months large investment groups hunting for distressed values have been converging on Florida,” Soderstrom said. “Individual investors with solid credit have the same opportunities as large investors, but are more like to acquire a single property.”


(Bottom right photo is a Michigan industrial property, not part of Stirling Sotheby's portfolio and only used here for market illustration purposes.)



For more information, please contact:
Roger Soderstrom, Owner/Founder, Stirling Sotheby’s International Realty 407-588-1260
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

Glimcher Announces $80M of Mortgage Financings

COLUMBUS, OH, Oct. 10 /PRNewswire-FirstCall/ -- Glimcher Realty Trust (NYSE:GRT) announced today that it has completed a $40 million mortgage loan financing of Morgantown Mall (middle right photo) located in Morgantown, WV.

The new loan has a term of five years comprised of an initial three-year maturity with two, one-year extension options.

The loan is 50% recourse with a floating interest rate of LIBOR plus 3.50% per annum. Net proceeds from the financing along with available capacity on the Company's credit facility will be used to pay off the existing $51 million mortgage on Morgantown Mall and Morgantown Commons. The Company is in the process of securing financing for the Morgantown Commons.

The Company also announced that it expects to close within the next several weeks on a $40 million mortgage loan financing of Northtown Mall (top left photo) , located in Blaine, MN.

The new loan will have a term of four years comprised of an initial three-year maturity with a single one-year extension option. The loan will be 50% recourse with a floating interest rate of LIBOR plus 3.00% per annum with no principal amortization.

The net proceeds from the financing will be used to pay down outstanding borrowings on the Company's credit facility.

"As we have previously noted, the Company's near-term debt maturities are manageable and we are pleased with the progress we are making in executing our plans to address such maturities," stated Michael P. Glimcher, (top right photo) Chairman of the Board and CEO.

Excluding the Eastland Charlotte loan for which discussions with the special servicer continue, the Company has now completed the refinancing of all its remaining debt maturities for 2008.

With respect to 2009 debt maturities, the Company plans to use the line of credit capacity created by the closing of the Northtown financing to address the repayment of its Grand Central Mall loan.

The $46 million Grand Central Mall loan represents the Company's most significant property debt maturity in 2009.

Other property mortgage debt maturing in 2009 includes loans on the Great Mall and Tulsa Promenade. (middle left photo)

The Great Mall is currently under contract for sale with closing scheduled for mid-December of this year. The Company has already received 10% of the purchase price in the form of a non-refundable deposit from the prospective buyer.

The Company also expects, if necessary, to have sufficient capacity available under its credit facility to address its $18.2 million pro-rata share of the Tulsa Promenade debt. The Company's credit facility is scheduled to mature in December of 2009 but does have a one-year extension provision at the option of the Company. No other debt maturities occur in 2009.

The Company expects to have a $315 million to $335 million outstanding balance on its credit facility as of December 31, 2008.About Glimcher Realty TrustGlimcher Realty Trust, a real estate investment trust, is a recognized leader in the ownership, management, acquisition and development of regional and super-regional malls.

Glimcher Realty Trust's common shares are listed on the New York Stock Exchange under the symbol "GRT."

Glimcher Realty Trust's Series F and Series G preferred shares are listed on the New York Stock Exchange under the symbols "GRT-F" and "GRT-G," respectively. Glimcher Realty Trust is a component of both the Russell 2000(R) Index, representing small cap stocks, and the Russell 3000(R) Index, representing the broader market.

CONTACT: Lisa A. Indest of Glimcher Realty Trust, Vice President,Finance and Accounting, +1-614-887-5844, lindest@glimcher.com

Web site: http://www.glimcher.com/

Insurance Industry Veteran Launches Citon Insurance Co. With Innovative 100% Deductible Wind Plan

ORLANDO, FL and INDIANAPOLIS, IN – Kenneth M. Gregg, (top right photo) an insurance industry expert with more than a decade of experience in product development, has launched CITON Insurance Company with an unprecedented focus to mitigate escalating windstorm deductibles resulting from catastrophic events.

Citon's Zero Select Wind Deductible Elimination Plan works in tandem with existing policies and fills a gap for the insured by covering 100 percent of windstorm deductibles up to $2 million (per building), if damages exceed the primary policy’s deductible dollar amount.

Available to both commercial and residential property owners, ZERO SELECT is the only 100 percent deductible elimination product on the market.

(Top left photo: Home damaged by Hurricane Dennis at Alligator Point, FL, July 9, 2005. Photo by Mark Norman.)

“With escalating claims resulting from catastrophic events such as hurricanes, tropical storms and tornadoes, more and more residential and commercial property owners are being forced to assume a greater financial burden in the form of higher deductibles, leaving them extremely vulnerable when such events occur,” said Gregg, founder and CEO.

“We created the ZERO SELECT product to minimize the risk, provide more balance and protect property owners from having to write substantial checks just to start the process of rebuilding.”

(Middle right photo: Man kayaking with dog on Flagler Avenue by the Salavation Army store in Key West, FL, 2005. Hurricane Wilma caused the flood waters.)

The policy, which Gregg spent two years developing to combat growing concerns with ballooning deductibles, is currently available in most Florida regions, but will expand to additional at-risk states in 2009.

Residential rates average four-and-a-half to seven percent of covered risk (windstorm deductible) outside South Florida and four-and-a-half to ten percent in South Florida. Commercial clients should average four-and-a-half to seven percent.

(Bottom left photo: A homeowner walks through rubble left by Hurricane Andrew at Florida City, FL, Aug. 24, 1992.)

In addition to the ZERO SELECT product, CITON has developed a streamlined, proprietary online underwriting system which minimizes paperwork and ensures rapid approvals.

“Typically when a policy holder has a claim, all it takes is one call to open it, one fax to CITON with an adjuster estimate and proof of payment from the primary insureds.

"Upon approval CITON will issue payment within 48 hours for all approved claims,” noted Gregg. “Our system provides peace of mind by helping policyholders avoid unexpected expenses while dealing with the unfortunate aftermath of a catastrophic wind event.”

The actual insurance is written through independent insurance agencies throughout Florida. The underwriter is A-minus AM Best-rated Hallmark Specialty Insurance Company, which is licensed to write in Florida. It is a division of Hallmark Financial Services.

(Bottom right photo: Florida home destroyed by Hurricane Elena, Sept. 2, 1985.)

CITON Insurance Company (http://www.citoninsurance.com/), founded by Chairman and CEO Kenneth Gregg, provides catastrophic insurance with a specialization in niche products.

Established out of a desire to help those in their time of need, management understands the limitations that conventional insurance has during a catastrophic event. CITON’s maiden product, ZERO SELECT Wind Deductible Elimination Plan, is the first of many products CITON will begin marketing. This particular product fills a gap for the insured by covering 100% of the deductible if damage estimates exceed the deductible dollar amount.

This product is currently only available in select Florida regions but will expand to additional at-risk states in 2009. For more information call (888) 317-2544.


For more information contact:
Don Silver or Tara Hustedde
Boardroom Communications 954-370-8999
donsil@boardroompr.com
tarahustedde@pureprinc.com

Cuhaci & Peterson Wins Winn-Dixie and Food Lion Contracts

Remodeling Project For Food Lion Store in Selma, N.C. Will Total 30,000 SF

ORLANDO, Fla. – Cuhaci & Peterson Architects, based in Orlando’s Baldwin Park, has been awarded a contract to design the remodeling of a 30,000 square foot Food Lion supermarket located in Selma, N.C.
Lonnie Peterson, (top right photo) chairman at Cuhaci & Peterson Architects, said the facility is being developed by Food Lion and is in the design stage now.

Three Winn-Dixie Store Jobs Each Total 48,000 SF

The company also has a contract to design Three Florida Winn-Dixie Remodeling Projects in Pasco, Marion and Citrus Counties

The three remodeling projects, which are located at retail centers in Zephyrhills, Dunnellon and Beverly Hills, Fla. are all 48,500 square foot Winn-Dixie facilities, Peterson said.

For more information, contact:
Lonnie Peterson, Chairman Cuhaci & Peterson Architects, 407-661-9100;
Jed Downs, President Cuhaci & Peterson Architects, 407-661-9100;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

Arbor's Stephen York Closes Five DUS® Loans Totaling $16,206,700

UNIONDALE, NY, Oct. 8, 2008-– Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of five (5) loans totaling $16,206,700 under the Fannie Mae DUS® product line.

The loans were originated by Stephen York, (top right photo) Director, in Arbor’s full-service Uniondale, NY lending office. “We were very pleased with the recent funding of these transactions,” said York. “We look forward to our continued success with each of these clients.”

The loans include:

Park East Apartments, (bottom left photo) Valdosta, GA – Acquisition of a 100-unit complex in the amount of $3,186,200 under the Fannie Mae DUS® product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.24 percent.

Park at Walkers Landing Apartments, Magnolia, TX - Acquisition of a 64-unit complex in the amount of $2,065,800 under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.25 percent.

Wellington Green MHC, Clarksville, IN - A loan for 319-unit complex in the amount of $6,790,700 under the Fannie Mae DUS® product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.48 percent.

Sherwood Arms, (middle right photo) Columbus, GA - Refinance of a 165-unit complex in the amount of $2,000,000 under the Fannie Mae DUS® product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.48 percent.

Wilshire Apartments, Dorchester, MA – Refinance of a 29-unit complex in the amount of $2,164,000 under the Fannie Mae DUS® product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.78 percent.

Contact: Ingrid Principe, Tel: (516) 506-4298
mailto:iprincipe@arbor.comm

HFF secures $18.25M financing for One Beach Street in San Francisco

SAN FRANCISCO, CA – The San Francisco office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it secured $18.25 million in financing for One Beach Street, (top right photo) a 97,614-square-foot, three-story office building in San Francisco, California.

Working on behalf of The Swig Company and Angelo Gordon & Company, HFF managing director Bruce Ganong placed a 65% loan to value, non-recourse bridge loan with John Benson of Washington Mutual.

The financing was secured to recapitalize Swig’s all-cash purchase of the historical office building earlier in 2008. The loan closing coincided with the formation of the joint venture between Swig and Angelo Gordon.

Built in the 1920s, One Beach is located across The Embarcadero from Pier 39 in the North Waterfront submarket of San Francisco.

The property is currently 100% leased and has views of San Francisco’s waterfront and some of the city’s most famous landmarks including Coit Tower, Fisherman’s Wharf, Alcatraz and the Golden Gate Bridge.

(Middle right photo: Rincon Park and Cupid's Span with the San Francisco skyline and The Embarcadero in the background.)

“Closing this financing in such a turbulent market is a testament to the quality of the asset and the sponsorship behind the transaction.

"Credit for the closing is also deserved by Washington Mutual and its team, which displayed a high degree of professional integrity at a time when there was a lot of uncertainty in the capital markets,” said Ganong.

The Swig Company’s San Francisco Bay Area portfolio includes 15 buildings totaling more than 3.5 million square feet and a market value in excess of $1.2 billion.

Angelo, Gordon & Co. is a privately-held registered investment advisor dedicated to alternative investing. The firm was founded in 1988 and currently manages, with its affiliates, approximately $20 billion.

CONTACTS:

Bruce Ganong, HFF Managing Director, 415 276 6940, bganon@hfflp.com

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

Gemstone Hotels & Resorts Selected to Concept and Manage Two New Boutique Hotels

Firm Steps up Activity in Creating One-of-a-Kind Boutique Hotels & Resorts

PARK CITY, UT—Officials of Gemstone Hotels & Resorts, a full-service hotel management and asset management company that specializes in luxury and upscale urban hotels and complex, multi-faceted resorts, has entered into agreements with two separate development groups to concept and manage two new luxury properties.

The Historic Hilltop House Hotel (top right photo) in Harpers Ferry will be completely redeveloped and transformed into a luxury hotel and spa, and the Hotel Ithaca in Ithaca, New York will be Ithaca’s first high-end boutique hotel and one of only two luxury boutique hotels in the Finger Lakes region.

“We have been involved in the concepting of numerous unique, highly successful properties over the years, and these two new projects will be among the most fascinating,” said Thomas Prins, (middle left photo) Gemstone principal.

“We have established a proven track record of creating one-of-a-kind destination properties whose uniqueness gives them a long-term sustainable competitive advantage. We will work on the creation of these new properties in harmony with our partners to create a singular experience for our guests, both in the physical attributes and the high-touch service we will provide.

“We specialize in creating and operating boutique four- and five-star level urban hotels and complex resorts that feature multiple facets, such as spas, retail, and exclusive restaurants,” he noted.

“In this phase of the hotel real estate cycle, we are focused more on development and concepting, working with our partners seeking to create a unique and highly profitable hotel experience, when most other developers and investors are on the sidelines.”

The Historic Hilltop House Hotel & Spa
Located in Harpers Ferry at 400 East Ridge Street in the Historic District recently featured on the television program, Good Morning America, The Historic Hilltop House overlooks Harpers Ferry National Park, at the confluence of the Potomac and Shenandoah Rivers.

After the completion of the restoration and modernization of the property, the 150-room hotel will feature a signature restaurant, unique meeting and event spaces and a destination spa that will feature both indoor and outdoor experiences.

“This will arguably be the finest destination hotel in the region,” said Gemstone principal Jeff McIntyre. (bottom left photo) “The historic United States Armory houses surrounding the hotel will be carefully restored to serve as guest cottages and the hotel will be brought up to the latest 21st century standards.

The property will be a natural for small group meetings, social events, romantic getaways, and guests who want to experience the many nearby attractions.”

Scheduled to open in 2011, the property is in the heart of Northern Virginia wine country, near major historic Civil War battlefields, and connected to the historically significant Harpers Ferry town center, with a riverside location offering breathtaking vistas. The property is serviced by rail and highway and is about an hour from downtown, Washington, D.C.

Hotel Ithaca
Hotel Ithaca, currently in final planning and approval, is expected to open in 2011. The property will be a nine-story, full-service boutique hotel at the intersection of State and Aurora Streets.

The hotel will feature 125 luxury rooms and suites and 2,000 square feet of flexible meeting space. The hotel will be built on the same site as the original Hotel Ithaca. In addition, the hotel will be the home of the original Zinck’s Bar, a cherished icon of the city’s past.

(Left photo: Zinck's Log Cabin, Pleasantville NJ, 1941. Machines include Bally's Rapid-Fire (1941) and a Wurlitzer 850 "Peacock" jukebox. R.Bueschel)

“We welcome the opportunity to be involved with the first luxury boutique hotel in the Ithaca area,” said Prins. “Because the city is also home to the world renowned Cornell Hotel School, we are very excited to set a new standard in concept and operations and set an example for students and the many hotelier alumni who visit the school.”

About Gemstone Hotels & Resorts
Headquartered in Park City, Utah, with an office in Stamford, Conn., Gemstone Hotels & Resorts is a full-service management and asset management company that specializes in luxury and upscale urban hotels and complex resorts.

The company is engaged in resort and unique hotel marketing and management and asset management for a variety of major hotel real estate investors and owners. Gemstone currently manages or asset manages more than 20 projects. Additional information about the company may be found at http://www.gemstoneresorts.com/.

CONTACTS: Jerry Daly or Chris Daly, media, 703 435 6293

Heidrich Closes Four Leases for NAI Realvest in Metro Orlando

ORLANDO, FL--NAI Realvest recently negotiated the following lease agreements.

• Tom Kelley, (top left photo) CCIM represented the landlord, Parliament Loop, LLC of Lake Mary in negotiating a new lease of 2,725 square feet to Trinity Mortgage Corp. at 153 Parliament Loop at Regency Pointe office park in Lake Mary.

• Kelly also negotiated two lease renewals totaling more than 2,500 square feet of office space representing Dallas-based landlord Tarragon Corporation at Orlando Central Park. Managed Medical Equipment, Inc. renewed its lease of 1,909 square feet and Florlando Properties, Inc. renewed its lease of 605 square feet.

• At Goldenrod CommerCenter, (middle right photo) 1460 N. Goldenrod Rd. in Orlando, Orlando-based Central Florida Sign Works, Inc. and Interstate Sign & Light Corp. renewed the lease of its current 2,206 square feet in suite 225 and expanded into suite 105 with the lease of 2,000 additional square feet at the center. Michael Heidrich (top right photo), principal at NAI Realvest negotiated the lease agreements representing the landlord, COP-Goldenrod, LLC of Maitland.

• Also at Goldenrod, Heidrich negotiated a new lease on behalf of landlord, with Felo’s Brothers Enterprises, Inc. of Orlando who will occupy Suite 125 with 2,000 square feet.

• At Monroe CommerCenter South, (bottom left photo) 691 Progress Way in Sanford, Heidrich represented COP-Monroe LLC in the lease of 6,000 square feet to Deltona-based Nu Water Solutions of Florida, LLC.

• In Orlando Heidrich negotiated a lease agreement for 1,440 square feet of industrial space at Herndon Commerce Center, 625-D Herndon Ave. representing the landlord LBJ Properties of Winter Park. The tenant, Orlando-based P.T. Hutchins Company Ltd., was represented by Lou Payas of USAA Realty Company.

About NAI Realvest

NAI Realvest, with offices in Orlando, Daytona Beach and Clermont, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide.

NAI Global is an international commercial real estate network with over 325 offices spanning the globe.

Since 1978, clients have built businesses on the power of NAI Global’s expanding network.

Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services.

To learn more, visit http://www.nairealvest.com/.

For more information, please contact

Tom Kelley, CCIM, Principal NAI Realvest 407-875-9989 tkelley@realvest.com

Michael Heidrich, Principal, NAI Realvest 407-875-9989 or mheidrich@realvest.com

Janice Paiano, Director of Marketing, NAI Realvest, 407-875-9989 or jpaiano@realvest.com;

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

RECI Says 'Mission Money' Keeps Commercial Realty Markets Afloat

CHICAGO, IL, Oct. 8, 2008 - Swooning financial markets continue dislodging all sectors of real estate capital with a vengeance.

Funding sources retreat from income-property lending on a daily basis because of liquidity concerns, profitability, overexposure and a host of other factors plaguing this sector.

No conventional lenders are immune including banks, life insurance companies, savings institutions and private funding sources.

Yet a few bright stars shine in the otherwise pitch-dark capital markets.

These stars are lenders with funding goals and objectives that are not exclusively driven by profits.

The Real Estate Capital Institute identifies this group of funding sources as "Mission Money" who provide "Policy Proceeds."

According to John Oharenko, (top right photo) an industry veteran serving on the advisory board of The Real Estate Capital Institute® and senior vice president at Chicago-based Capmark Finance Inc., "In 2009 and 2010, Mission Funds will play an even more important role in supporting real estate capital markets as many conventional funds stay sidelined.”

He adds, ” Even as conventional markets recover, Mission Money will remain a reliable source of funds for developers, investors and others willing to learn about and implement these targeted programs."

The four highlights of Mission Money are as follows:

1. Purpose: Mission fund objectives vary focusing on public policy (e.g., affordable housing, urban renewal), labor creation, specific geographic investing and property types to name a few.

Typical examples include generating jobs through union labor funds, constructing affordable apartments and reinvigorating economically deprived commercial areas.

Often times, many of these objectives are bundled - e.g., affordable housing with union labor in redeveloping urban "infill" areas endowed with heavy tax incentives.

2. Property Types: Unlike pure non-profit funding sources, Mission Money exclusively targets income properties, namely commercial and multifamily properties.

3. Policy Proceeds: Direct funding structures include construction, interim and permanent loans as well as equity contributions. Popular indirect fundings include tax credits, tax breaks and rebates.

4. Sources: The lending arena includes federal governmental agencies (e.g. Freddie Mac, Fannie Mae, FHA and the Treasury) and local municipalities (tax increment districts), endowments, pension funds, life companies and private capital providing funds directly (construction and permanent funds) and indirectly (tax credits).

ABOUT US:

The Real Estate Capital Institute® is a volunteer-based research organization tracking debt and equity rate data. The Institute posts daily and historical rates including treasuries and short-term rates. The Real Estate Capital RateLine 7RE-CAPITAL (773-227-4825) provides hourly updates.

CONTACT:

The Real Estate Capital Institute®
3517 West Arthington Street
Chicago, Illinois USA 60624
Contact: Nat Zvislo, Research Director
Toll Free 800-994-RECI (7324)
director@reci.com / http://www.reci.com/

Davis Marcus Partners Signs Tygris Commercial Finance to Wilton Corporate Park's 40 Danbury Road

The First Green Office Building in Fairfield County Signs Second Tenant

WILTON, CT/PRNewswire/ -- Davis Marcus Partners, one of New England's leading real estate development companies, has signed Tygris Commercial Finance (Tygris), a commercial finance company, to a long term lease to occupy 14,687 square feet of space at the newly completed and environmentally sustainable 40 Danbury Road. (top right photo)

The first Gold LEED (Leadership in Energy and Environmental Design) pre-certified office building in Connecticut, 40 Danbury Road is set within the 33 acre landscaped office campus at Wilton Corporate Park (middle left photo) and located at the center of Fairfield County's Route 7 corporate corridor.

Tygris becomes the second tenant to occupy space at the 161,222 sq. ft., three story, Class A office building. Louis Dreyfus Corporation, the first tenant, occupies the entire top floor.

"Despite the slowdown in the overall commercial real estate market, we are seeing a great level of interest and activity around Wilton Corporate Park," comments David Fiore, senior vice president for Davis Marcus Partners.

"We are very encouraged and believe our LEED standards combined with our flexibility to accommodate both large and small tenants make Wilton Corporate Park one of the most desirable office building complexes in the market."

Albert B. Ashforth, Inc of Stamford, CT is the leasing agent for Wilton Corporate Park, and is represented by Jeffrey H. Gage and Edward Tonnessen. (middle right photo) Tygris was represented by Tom Pulie of USI Real Estate Advisors.

"The emergence of Route 7 in Wilton as an established business corridor and the competitive economics of the area make Wilton Corporate Park a very attractive choice," notes Tonnessen, executive vice president of Albert B. Ashforth. "That combined with Davis Marcus' notable reputation in the marketplace and David Fiore's personal, hands-on management of tenant construction has proven to be very appealing to tenants and was instrumental in securing Tygris."

Prudential Real Estate Investors (PREI(R)) is Davis Marcus' joint venture partner on the Park. This is the seventh project for Davis Marcus and PREI, the real estate investment advisory and management business of Prudential Financial, Inc. (NYSE:PRU).

As of June 30, 2008, PREI managed $47.4 billion of gross assets management ($32.2 billion net assets) on behalf of more than 400 clients and is ranked among the largest real estate investment managers.

CONTACT: Jeyran Ghara, +1-212-777-2220, jghara@southardinc.com, of Southard Communications for Davis Marcus Partners

Web Site: http://www.davismarcus.com/

http://www.wiltoncorporatepark.com/