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July 31, 2009

Two New Tenants for the Offices at CityPlace North

West Palm Beach, FL – (July 31, 2009) — The Offices at CityPlace North has added two new tenants, just weeks after a major overhaul to convert it from a New York loft-inspired office building to premium, professional office space. Mathews Consulting, Inc. and the law firm of Christian Scholin signed leases totaling more than 6,500 sq. ft in the two-story office building on Rosemary Ave. above the shops and restaurants at CityPlace. The 72,535-sq.-ft. building was developed by New York-based Related Companies, developers of CityPlace and CityPlace Office Tower in West Palm Beach. Crocker Partners, also a partner in CityPlace Office Tower, is the exclusive leasing agent.

Mathews Consulting, a Florida-based civil engineering consulting firm, leased approximately 4,800 sq. ft. of space on the third floor of the building. Established in 1998, the firm offers a wide array of engineering services, including infrastructure improvements, facilities planning and construction administration. The firm will relocate from 1475 Centrepark Blvd. to its new quarters in March, 2010.

“We feel there’s great value to the building’s convenient CityPlace location, which will provide our clients and employees access to a number of nearby amenities, including restaurants, shops, cultural and entertainment options,” said Rene Mathews, president of Mathews Consulting, Inc. “But we were equally impressed with the contemporary design and creative office space layout, as well as the recent upgrades made throughout the building.”

More than $250,000 was spent on capital improvements to The Offices at CityPlace North, including a major refurbishment to the two elevators that service both floors of offices, upgraded lighting fixtures, new hardware, tenant signage and fresh paint throughout.

Practicing law for nearly 12 years, Christian Scholin signed a five-year lease for more than 2,000 sq. ft. of space on the third floor of the building. The firm focuses its practice on matters related to trusts and estate planning, estate and trust administration, estate and gift taxation, asset protection, probate law, partnership law, and real estate law. The firm relocated from 630 Fern Street to The Offices at CityPlace North earlier this month.

The Offices at CityPlace North are located at the north end of Palm Beach County’s leading visitor destination – CityPlace. It’s less than 10 minutes from Palm Beach International Airport, a quarter-mile from I-95, less than one mile to Palm Beach and in close proximity to the Palm Beach County Courthouse to the north and the Convention Center to the south. The prime CityPlace location, competitive price point, efficient floor plans, convenient parking in an adjacent garage, tall windows and wrought-iron balconies are just a few of the features that have attracted other major tenants like WRMF Radio and Urban Design Kilday Studio.

“Most people think of CityPlace and its 100 shops and restaurants as a place for dining and entertainment, but it’s also one of Florida’s biggest commercial real estate leasing success stories,” said Kenneth A. Himmel, president and CEO of Related Urban, the mixed-use division of Related Companies. “The fact that we’re continuing to attract new tenants in today’s economic climate speaks volumes about the types of office space we have presented to the market.”