PRESS RELEASES

Hines Signs Two New Tenants to Midtown Atlanta Tower

Roark Capital and Rabobank International to Occupy 1180 Peachtree

9/28/2005

(ATLANTA, GA) – Hines, the international real estate firm, announced today that Roark Capital, an equity capital firm, and Rabobank International, an international investment bank, have both signed leases to move into the 1180 Peachtree building.  Roark Capital has signed a 10-year lease for 9,700 square feet while Rabobank International has signed a lease for 11,000 square feet at the new 41-story office tower at the corner of Peachtree and 14th streets in Midtown Atlanta. Roark Capital will move into the new tower when it opens in March 2006, and Rabobank will move in April 2006.

 Roark Capital is currently in the Proscenium Building while Rabobank International has its office in One Atlantic Center.

Roark Capital, owner of Cinnabon, Pikes Family Nursery, Carvel Ice Cream, McAlister’s Deli and Money Mailer, agreed to lease space on the 25th floor of the Hines-developed building at 1180 Peachtree. Rabobank International, the only privately owned AAA credit rated bank in the world and named among the Top 10 Safest Banks according to the Global Finance Magazine, has signed an office lease that will occupy a portion of the 22nd floor.

Previously, the law firm of King & Spalding LLP agreed to be the anchor tenant, leasing 416,000 square feet on a total of 17 floors in the building, including the top 14 floors. Hines announced in May that it had leased 17,000 square feet to investment firm Earnest Partners and announced in January that it had leased 13,000 square feet to restaurateur Bob Amick for a French-inspired high-end restaurant.

The 670,000-square-foot building will be built alongside the Atlanta Symphony Orchestra’s (ASO) planned Symphony Hall. With the addition of Roark Capital and Rabobank International, 1180 Peachtree is more than 76 percent leased with only a few months of construction remaining, according to Hines Project Manager John Robbins. Other office and retail tenant leases for 1180 are in negotiation, and further announcements are expected in the coming weeks.

“We are delighted to remain in Midtown and we are very excited to be a part of such a great addition to the area,” said Adriaan Weststrate, Rabobank International’s managing director.  “1180 Peachtree is a prestigious office building and we wanted our office space to reflect our rating and our standing. Every person who speaks about the new building does so in the best of terms.”

“We were particularly attracted to 1180 Peachtree because the building offered us the opportunity to stay in a central Midtown location near many of our closest advisors, while providing the additional space we need for our growing business,” said Neal Aronson, founder and CEO of Roark Capital. “Additionally, being able to customize our space in a way that emphasizes our collaborative work environment and have a relationship with Hines, a top-tier landlord, made this a great choices for us. We are thrilled to move in and to remain part of the growing Midtown landscape.”

Bill Kilborn and Carla Williams of Cushman & Wakefield represented Rabobank in this transaction.  Bogue Miller and David Rubenstein of The Miller Richmond Company represented Roark Capital.  Hines represented itself in these transactions.