PRESS RELEASES

Bank Of America Extends Lease To 2019 In Signature Downtown Houston Building

8/15/2005

(HOUSTON, TEXAS) -- Hines, the international real estate firm, announced today that Bank of America has extended their lease until 2019 for 252,900 square feet of space in Bank of America Center, reinforcing their long-term commitment to the property and to downtown Houston.

“Bank of America is committed to helping create sustainable growth in the communities in which we do business,” said Kim Ruth, Houston market president for Bank of America. “Our strong presence at the Bank of America Center exemplifies this commitment, and we are proud to have the opportunity to continue serving our clients and providing our associates an outstanding work environment.”

Hines Senior Vice President Mark Cover said, “We are pleased to continue a long and broad relationship with Bank of America. This commitment represents yet another mutually beneficial transaction for the two firms.”

The Trammell Crow Company team of Anthony Fritsche, Brandi McDonald, Joe Cicardo and David Anderson represented Bank of America in lease negotiations. Hines, the landlord, was represented by Director of Leasing Ronnie Martin and Senior Property Manager Rush Durkin.

The 56-story, 1.5 million-square-foot Bank of America Center, located at 700 Louisiana, was designed by the award-winning architectural team of Philip Johnson and John Burgee, and opened in 1983.

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Across the United States, the bank serves 33 million consumer relationships with more than 5,800 retail banking offices, more than 16,600 ATMs and award-winning online banking with more than 13 million active users. Bank of America is the #1 overall Small Business Administration lender in the United States and the #1 SBA lender to minority-owned small businesses. The company serves clients in 150 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 85 percent of the Global Fortune 500.

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The Hines portfolio of projects completed, underway, acquired and managed for third parties includes more than 800 properties representing over 285 million square feet of office, mixed-use, industrial, hotel, medical, sports facilities and residential properties, as well as large, master-planned communities and land developments. With offices in 63 U.S. cities and 13 foreign countries, and controlled assets valued at approximately $11 billion, Hines is one of the largest real estate organizations in the world. Access www.hines.com for more information.