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March 26, 2009

Crocker Partners Named to Lease Town Center Mall Office Space

Boca Raton, FL – (March 26, 2009) — Crocker Partners has been engaged by Simon Property Group for a one-of-a-kind assignment – leasing 18,000 square feet of Class A office space at The Terrace at Town Center Mall, according to Crocker Partners Senior Vice President Angelo Bianco. The assignment comes as Crocker Partners is growing its office leasing and management business, putting its 25 years of experience as one of Florida’s leading commercial real estate firms to work for third-party clients, Bianco said.

“This is a prime space with unique advantages — a trade area approaching 600,000 people, high visibility signage opportunities, direct-to-office garage and valet parking, extended hours of operation, and the convenience of 220 shops and restaurants on-site. It’s ideal for a variety of tenants, from an ad agency or interior design firm to a plastic surgeon,” Jon Blunk, Crocker Partners Vice President and leasing agent said. The office space, adjacent to the Mall management office and a Boca Raton Police Department substation, can be subdivided from 5,000 to 18,000 square feet.

The Town Center Mall office space is a prime location for Class A office tenants seeking a high visibility location. It was carved out during development of The Terrace at Town Center, the regional mall’s lifestyle center expansion, which was completed in 2007, according to Blunk. “When Crate & Barrel, the Mall’s newest anchor, built out a two-level store, the Mall took the opportunity to add this adjacent second-story office space,” he explained.

Crocker Partners is currently responsible for leasing at three other unique South Florida properties, Bianco noted. These include CityPlace Tower, the iconic 18-story Class A office tower in downtown West Palm Beach, which is now 80 percent leased, and the 125 Worth Avenue and 400 Royal Palm Way office buildings on the island of Palm Beach. “The Crocker Partners’ team brings an owner’s perspective to every assignment,” Bianco said. “We believe that is a distinct competitive advantage for our clients in the current economic climate.”