West Palm Beach, FL – (July 13, 2009) — In what has become Florida’s biggest commercial real estate success story, CityPlace Office Tower announced today that another major company has joined its blue-chip tenant roster and leased the last full floor available in the 18-story building that has become the talk of the leasing industry. The global law firm of Edwards Angell Palmer & Dodge LLP will occupy approximately 20,000 sq. ft. of space on the 16th floor of the 300,000-sq.-ft. Class-A building on Okeechobee Blvd. in downtown West Palm Beach. A joint venture between Related Companies, L.P. of New York and Crocker Partners LLC of Boca Raton, the $110 million building is now more than 85 percent leased just a year after the first tenant moved in last spring.

Edwards Angell Palmer & Dodge will relocate to its new quarters in May 2010. Jonathan Satter of WGCompass Realty Companies represented the law firm in the lease negotiations. CityPlace Tower was represented by Jon Blunk, Crocker Partners senior vice president, and Kevin Probel, Related Companies general manager.

“We are very pleased to be moving into CityPlace Tower. The firm will be well-served by this new space in a terrific building,” said Gregory E. Young, Partner-In-Charge of Edwards Angell Palmer & Dodge’s Florida offices. “The decision to move came after many months of reviewing what made the most sense – financially and otherwise, over the near and long-term for the firm’s continued commitment to and strategic needs in the south Florida marketplace. We appreciate what CityPlace Tower has to offer and feel that it is the best place for the firm.”

Edwards Angell Palmer & Dodge has been in Florida for nearly 30 years, currently with offices in West Palm Beach and Ft. Lauderdale. The firm’s Florida offices include the following areas of practice: Business Law; Insurance/Reinsurance; Intellectual Property; Litigation; Private Client; Public Finance; and Real Estate. With over 525 lawyers worldwide, the firm offers a full array of legal services to clients. Its mission is to create value by providing superior legal advice and business counsel that protects clients’ interests and advances their goals. In addition to Florida, the firm has ten other offices located in Boston, Hartford, Madison (NJ), Newport Beach, New York, Providence, Stamford, Washington D.C., Wilmington, London and an associated office in Hong Kong.

Kenneth A. Himmel, President, Chief Executive Officer and founder of Related Urban Development, a division of Related Companies, said that the addition of a firm of the stature of Edwards Angell Palmer & Dodge is a fitting conclusion to the list of anchor tenants in the building. Even though smaller offices ranging from 1,500 to 15,000 square feet are still available, the building now has a fully coherent brand of prestigious companies, and is regarded as the catalyst that has shifted the central business hub in West Palm Beach to the CityPlace district.

“This success story is magnified many times when viewed in the context of the current state of commercial real estate in all markets,” said Himmel. “It substantiates our vision that top-tier businesses still demand a premier office environment, with the latest features and amenities. CityPlace Office Tower has many of the features we incorporated into the Time Warner Center in New York, and its direct access to CityPlace is cited repeatedly by our tenants as a bonus that many underestimated when they made the choice to lease space in the building.” Located on the northwest corner of Okeechobee and South Quadrille boulevards, CityPlace Office Tower anchors the south entrance to the county’s leading visitor destination – CityPlace.

Direct, covered access to the mixed-use complex puts tenants within steps of the popular shops and restaurants. The location is viewed as one of the best commercial sites in Palm Beach County, anchoring the “gateway” to Palm Beach, less than 10 minutes from Palm Beach International Airport, a quarter of a mile from I-95 and directly across the street from the Palm Beach County Convention Center.

With $4 million in back-up generators — more power than any other office building in the state — tenants are assured that normal business operations will continue with minimal interruption if a major storm should occur. The tower features hurricane-resistant construction and advanced technology, including high-impact windows throughout and multiple telecommunications providers for uninterrupted power, which protects access to electronic data in all offices.

Designed by Elkus/Manfredi Architects of Boston, the same firm that designed CityPlace, the tower’s iconic architecture has added a striking new dimension to the Downtown skyline and created a new landmark that has re-shaped the City’s status within Florida’s business community. The spectacular exterior concepts were carried inside and realized through luxurious, contemporary finishes and appointments, and expansive views of the Atlantic Ocean, city lights and Intracoastal Waterway. Four floors of parking and gated, direct-to-suite access from the garage for senior executives via private elevator make the building the most user-friendly and efficient in the region. The ground floor offers a mix of retail options including a Regions Bank with drive-through teller, Cleveland Clinic’s Florida Health and Wellness Center and valet and concierge services, all monitored with the most advanced building security systems in all of South Florida, many of the same used in New York’s Time Warner Center, also developed by Related Companies.

The building is anchored by the fast-growing institutional money management firm, INTECH, formerly based in Palm Beach Gardens. The firm has leased the top two floors, totaling more than 50,000 square feet. Other major tenants besides Edwards Angell Palmer & Dodge include the world-renowned Cleveland Clinic in Florida; the West Palm Beach office of Carlton Fields, P.A., one of the largest law firms in the southeast; intellectual property law firm Novak Druce + Quigg; Regions Financial Corporation, a full-service provider of consumer and commercial banking; Shutts & Bowen LLP, a full-service, Florida- based law firm; The ComVest Group, a private investment firm; JBHanauer & Co., a leading investment specialist for wealth management; Raymond James & Associates, a national leader in financial planning for individuals, corporations and municipalities; Goodrich, LLC, a Massachusetts-based management company; Neuberger Berman, a New York-based money management firm; Carey O’Donnell Public Relations Group, a full-service corporate communications company in West Palm Beach and on Madison Avenue; Callisto Partners, an independent investment banking boutique; and Barry & Company, CPA.