BEACON PARTNERS PURCHASES LAND IN INTERNATIONAL BUSINESS PARK FOR SPECULATIVE BUILDING PROJECT

CONCORD, N.C., December 5, 2007—Charlotte-based commercial real estate firm Beacon Partners has purchased land in the International Business Park at Concord.

The firm, which develops land across North and South Carolina, closed on 11 acres in Phase II of the Park. Beacon Partners plans to launch a multi-building speculative development program that will compliment three other projects the firm has under construction in the Charlotte Region.

"We are very excited to be in Cabarrus County," said Jon Morris, Industrial Partner at Beacon. "The International Business Park's close proximity to Concord Regional Airport, Lowe's Motorspeedway, and the NC Research Campus makes it the best location for a speculative building program in Cabarrus County."

CB Richard Ellis brokered the deal. Beacon Partners purchased lots 10 and 11, which are immediately adjacent to the International Corporate Center. The ICC was a speculative project in the Park that is now home to Connextions, ESP Associates, Schubert & Salzer, and Lyf-tym. The Nolim Group, the owners of the business park, intended for lots 10 and 11 to become speculative building sites when the ICC was built. The sale to Beacon Partners confirms the Nolim Group's commitment to bringing more product into Cabarrus County.

"Beacon Partners is one of the top developers in our region," said Anne Johnson, Senior Vice President, CB Richard Ellis. "Their interest in pursuing a speculative program in the International Business Park speaks to the quality of the Park's location and the Park's high development standards."

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About The International Business Park at Concord, N.C.
The International Business Park at Concord, N.C. is high-quality business park located northeast of Charlotte, N.C. adjacent to I-85 in Cabarrus County.

With 517 acres, the International Business Park at Concord offers a strategic master plan for development conceived through extensive research and attention to every detail. The result is a sophisticated business environment in which commerce can flourish.

Currently, The International Business Park is home to Owens Corning, Minka, DNP IMS America Corporation, Sysco Food Service of Charlotte, Inc., Pass & Seymour/Legrand, FedEx, Oiles America Corporation, PreGel USA, and ESP Associates.

About The Nolim Group
The International Business Park at Concord is owned by real estate development and investment company, The Nolim Group, which is comprised of experienced real estate and business professionals with ties worldwide. Headquartered in Boca Raton, FL, The Nolim Group has taken a leadership role towards enhancing economic development within the Piedmont Region of North Carolina on a global scale.

© 2007