AUSTIN, Texas--(BUSINESS WIRE)--July 20, 2006--Thomas Properties
Group, Inc. (Nasdaq:TPGI), has hired locally-based Colliers Oxford
Commercial to market and lease the to-be-built Class A office
buildings at the mixed-use Four Points Centre. Located at the
intersection of RR2222 and Highway 620, Four Points Centre encompasses
approximately 333 acres, of which 182 acres have been permanently
preserved as open space. Existing development at Four Points Centre is
comprised of a 275,000-square-foot community retail center and two
multifamily projects with a total of 550 units. The remaining
developable land is master planned as a mixed-use project with
entitlements for 1.2 million square feet of Class A office space, a
250-room hotel and a 30-acre mixed-use for retail and multifamily
lifestyle center.
"Colliers Oxford is the preeminent office leasing firm in Austin.
The company's knowledgeable professionals are a strong addition to our
Four Points Centre team," said John O'Neal, senior project manager for
Thomas Properties Group. "We expect considerable activity in the
near-term and now have top-quality leasing representatives to work
with prospective tenants."
Brett Arabie, Glen Sorrel and Mark Greiner will act as leasing
agents for the project.
"Very few, if any, developments in Central Texas can offer the
same combination of overall scope, proximity to amenities and premier
location as Four Points Centre," comments Brett Arabie, senior vice
president for Colliers Oxford Commercial. "In addition, Four Points
Centre will be one of the first high performance, LEED certified
developments in Austin."
Four Points Centre's first office phase will include three Class A
office buildings on two sites. Buildings One and Two will be 100,000
square feet each and will include both garage and under-building
parking. Building Three is an 80,000 square foot building with surface
parking and reserved parking under the building. All three buildings
will be LEED certified and enjoy beautiful Hill Country views into the
surrounding preserve. Four Points Centre includes two additional sites
that combined can accommodate users of up to 900,000 square feet for
office and/or research and development facilities.
Developed by the U.S. Green Building Council, LEED is an acronym
for Leadership in Energy and Environmental Design. Its Green Building
Rating System recognizes environmental leadership in the building
industry and provides a framework for assessing building performance
and sustainability.
Thomas Properties Group is a nationally recognized leader in high
performance properties as the developer and operator of the most
celebrated sustainable high rise office building in the United States,
the 950,000-square-foot California EPA Headquarters Building in
Sacramento, which was the first high-rise office building to receive
LEED Platinum certification by the U.S. Green Building Council.
Thomas Properties Group, which currently owns or manages a
portfolio of more than 12 million square feet of commercial real
estate, has been increasing its Texas holdings since the middle of
2005, having acquired approximately four million square feet in five
suburban Houston office properties and 30 acres of adjacent
developable land since August of last year.
About Thomas Properties Group
Thomas Properties Group, Inc., based in Los Angeles, is a
full-service real estate company that owns, acquires, develops and
manages office, retail and multi-family properties throughout the
United States. The company has four primary areas of focus: property
operations, property acquisitions, property development and
redevelopment, and investment management. For more information on
Thomas Properties Group, Inc., visit www.tpgre.com.
Forward Looking Statements
Statements made in this press release that are not historical may
contain forward-looking statements. Although TPGI believes the
expectations reflected in any forward-looking statements are based on
reasonable assumptions, these statements are subject to numerous risks
and uncertainties. Factors that could cause actual results to differ
materially from TPGI's expectations include actual and perceived
trends in various national and economic conditions that affect global
and regional markets for commercial real estate services, including
interest rates, the availability of credit to finance commercial real
estate transactions, and the impact of tax laws affecting real estate.
For a discussion of some of the factors that may cause our results to
differ from management's expectations, see the information under the
captions "Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations - Factors That May
Influence Future Results of Operations" in our 10-K for the year
ended December 31, 2005, and contained in our reports on Form 10-Q
for fiscal quarters during 2006, which have been filed with the SEC.
TPGI disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
CONTACT: Investor Relations contact:
Thomas Properties Group, Inc.
Diana Laing, 213-613-1900
or
Media contact:
Casey Sayre & Williams, Inc.
Karen Diehl, 310-396-2400
SOURCE: Thomas Properties Group, Inc.
