1.1 Million-Square-Foot Class A Office Portfolio Sale in Austin Closed by HFF

Business Wire, August 21, 2008

DALLAS -- The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it closed the sale of Riata Corporate Park and Riata Crossing, a Class A office complex totaling 1.1 million square feet in Austin, Texas.

HFF marketed the property exclusively on behalf of the seller, a partnership between institutional investors advised by JPMorgan Asset Management and Equity Office, and was acquired by Spear Street Capital. Terms of the sale were undisclosed.

The portfolio consists of eight-building Riata Corporate Park, five-building Riata Crossing as well as the last two development sites at the Riata master-planned development. Completed between 1998 and 2008, the buildings are 98.7% leased to tenants including Apple, Centex, NVIDIA Corporation, Computer Associates, Janus Capital Group and Pervasive Software. The Riata complex is situated within a 95-acre corporate park adjacent to a city park and lake near Research Boulevard, Parmer Lane, State Highway 45 and The Domain in northwest Austin.

JPMorgan Asset Management is a global asset management leader providing world-class investment solutions to institutions, individuals and financial intermediaries. The firm is responsible for approximately $1.2 trillion in assets under management (based on assets under management for the Asset Management division of JPMorgan Chase & Co. as of June 30, 2008), including more than $58.4 billion in real estate managed by JPMorgan Asset Management - Real Estate & Infrastructure. With a 38-year history of successful investing and a staff of approximately 379 professionals, JPMorgan Asset Management - Real Estate & Infrastructure identifies, analyzes, negotiates, acquires, develops, redevelops, renovates, operates, maintains, finances and sells assets, on behalf of its clients. JPMorgan Asset Management's broad investment capabilities and framework for analyzing opportunities in today's complex real estate and infrastructure markets provide critical insights for its institutional clients in both the public and private markets.

Equity Office is an owner and operator of primarily Class A office buildings in multiple markets across the country. The company is owned by an affiliate of The Blackstone Group, a premier global private equity firm. www.equityoffice.com

Spear Street Capital is a real estate investment company dedicated to acquiring and operating select office investment opportunities nationwide.

HFF (NYSE:HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing. www.hfflp.com