Boca Raton, FL – (August 18, 2008) — Crocker Partners LLC has acquired the 407,000-square-foot, 17-story, Class A Cumberland Center II office tower at 3100 Cumberland Blvd. The acquisition signals the company’s market entry in the Atlanta market, where Vice President Christopher Eachus is heading Crocker Partners’ regional office.

Cumberland II is 51 percent leased, with a recent 80,000-square-foot lease by a division of financial information company Thomson Corp. (NYSE: TOC). The acquisition cost – at 50 percent to 55 percent of replacement cost – is in line with Crocker Partners’ investment strategy of acquiring properties where Crocker Partners can add value through its full-service approach, expertise, and market knowledge.

The strategically located office building is at the intersection of I-75/I-285 with easy access to many parts of Atlanta including Cobb County, the airport, Buckhead, Midtown, and Central Perimeter. It is within walking distance to the Cumberland Mall and less than a mile from the Cobb Energy Performing Arts Centre, the Cobb Galleria Convention Center, and the Galleria Mall, Eachus noted.

Eachus said the Atlanta market is a focus for building the company’s portfolio. Company principals have been active in the Atlanta area for a number of years through CRT Properties Inc., a publicly-traded Real Estate Investment Trust, prior to forming Crocker Partners in 2005. “We believe the overall improving Atlanta office market, along with the strong infrastructure and growing amenity base of the Cumberland/Galleria submarket, provides a strong backdrop to lease-up Cumberland Center II,” Eachus said.

In addition to Atlanta, the company is targeting investment in value-add and opportunistic office and mixed-use projects in Florida and Charlotte, N.C. The company has acquired one of the last remaining sites in downtown Fort Lauderdale, Fla., for development and is developing a 300,000-square foot office building in West Palm Beach, called “CityPlace Tower,” with The Related Group.