REGIONAL OFFICES

Since joining Hines Interests Limited Partnership in 1980, Mr. Buie has been involved in all phases of the development process and management of more than 7 million square feet of commercial real estate representing approximately $1.5 billion. Responsible for the development of the 1 million-square-foot State of California office building and the 600,000-square-foot historic PG&E Headquarters project, both in San Francisco, he was also responsible for the development of the 1 million-square-foot Figueroa at Wilshire in Los Angeles. Mr. Buie received a Bachelor of Arts in Economics at the University of Virginia in 1974 and a Master of Business Administration at Stanford University in 1980.

Doug Holte is one of four regional partners responsible for development projects, new investments and asset management in the ten western states.  Since joining Hines in 1987, Mr. Holte has contributed to the development, redevelopment or disposition of more than 10 million square feet of commercial real estate representing in excess of $2 billion. He is responsible for overseeing development projects in southern California that include the 265,000-square-foot 2211 Michelson office tower in Irvine, the 340,000-square-foot La Jolla Commons office tower, the 538,000 square-foot Lantana Media/Entertainment campus in Santa Monica and the 42,000-seat San Diego Padres Ballpark. He also managed the acquisition, renovation, leasing and disposition for 15 office buildings totaling five million square feet in Los Angeles, San Diego, and the suburban San Francisco Bay Area.  Recent acquisitions include 525 B Street in downtown San Diego and Pacific Plaza in Del Mar/Torrey Hills. Mr. Holte was also responsible for two corporate campus developments in South San Francisco: the 630,000 square-foot Gateway office/life science campus and the Cove at Oyster Point mixed-use campus, entitled for a hotel and 600,000 square feet in four office/life science buildings. While with the Hines Southeast Regional office, he was responsible for managing development activities for the 1.2 million-square-foot One Ninety One Peachtree Tower, and Ravinia, a 42-acre mixed-use campus with three office towers totaling 1.6 million square feet. Mr. Holte received his Bachelor of Arts in International Relations from the University of Southern California in 1983, and a Master of Business Administration from Harvard Graduate School of Business in 1987.

Jim Morrison came to Hines in 1987 and since that time has managed the development and renovation of more than 2.5 million square feet of commercial real estate representing approximately $600 million and including significant projects for institutional owners. He was the project the officer responsible for all aspects in development of the 174-unit Embassy House luxury apartment tower in Beijing. Mr. Morrison directed the development of the 1 million-square-foot State of California office building complex at San Francisco's Civic Center, and was responsible for overall development of the 600,000-square-foot historic Pacific Gas & Electric Company headquarters seismic retrofit project in downtown San Francisco. After being awarded his Bachelor of Arts in Landscape Architecture from the University of California at Berkeley in 1980, he attended the Tuck School at Dartmouth College where he received a Master of Business Administration in 1987.

Since arriving at Hines in 1989, Paul Paradis has contributed to the development and marketing of more than 14 million square feet of commercial real estate. These projects include the acquisition of the 600,000-square-foot Stoneridge Corporate Plaza in Pleasanton - and the 800,000-square-foot 50 Fremont building and 335,000-square-foot 505 Montgomery building, both in downtown San Francisco. He directed all development activity related to the 700,000-square-foot 560 Mission project in downtown San Francisco and the 600,000-square-foot Pleasanton Corporate Commons in Pleasanton. Mr. Paradis was responsible for entitlement, disposition and development activities for up to 1.5 million square feet of The Gateway in South San Francisco and the 260,000-square-foot Cherry at Bayhill project in San Bruno. He also assisted in managing the development of the 310,000-square-foot 343 Sansome project in downtown San Francisco. Mr. Paradis earned his Bachelor of Arts degree from Harvard College in 1986.

Colin Shepherd heads the business activities of Hines in a variety of metropolitan areas, including Los Angeles, Seattle, Portland, Las Vegas and Salt Lake City. Since joining the firm in 1982, he has supervised all phases of development, management, leasing and/or acquisition of more than 14 million square feet of commercial real estate valued at more than $4 billion. Mr. Shepherd managed the development and leasing of the 50-story Figueroa at Wilshire project in downtown Los Angeles. He was also responsible for the development and leasing of four projects totaling over two million square feet in downtown Seattle, Bellevue, Redmond and Kirkland including the 39-story Fourth & Madison Tower. Currently he is developing the first LEED pre-certified office building on the West Coast, the 20-story Tower 333 in Bellevue, Washington. Recent acquisitions include the 754,000-square-foot 1001 Fourth Avenue Plaza in downtown Seattle, the 471,000-square-foot Cottonwood Corporate Center in Salt Lake City, the 646,000-square-foot Union Bank Plaza in downtown Los Angeles, the 808,000-square-foot LNR Warner Center campus in Woodland Hills, California, and the 716,000-square-foot Daytona/Laguna Office campus in Redmond, Washington. Mr. Shepherd received a Bachelor of Science in Civil Engineering from the Massachusetts Institute of Technology in 1981 and a Master of Science (MBA) from the Sloan School of Management at MIT in 1982.

Norman Spencer joined Hines in 1986 and since that time has contributed to the marketing and leasing efforts for more than 9 million square feet of commercial real estate. He is responsible for managing the marketing and leasing efforts for the 1.2 million-square-foot 101  California, the 340,000-square-foot 580 California, the 310,000-square-foot 343 Sansome and the 650,000-square-foot 560 Mission (JPMorgan) projects, all in San Francisco. Mr. Spencer was the officer in charge of leasing more than 5 million square feet at the Bay Area Portfolio. He was also responsible for overseeing marketing and leasing of the 1.1 million-square-foot Figueroa at Wilshire in downtown Los Angeles and two buildings totaling 1.1 million square feet in Westside Los Angeles. In 1964, Mr. Spencer earned his Bachelor of Science in Business Administration from the University of Washington.