PRESS RELEASES

Hines Signs Russell Reynolds Associates to 1180 Peachtree Tower in Midtown Atlanta

10/19/2005

(ATLANTA, GA) – Hines, the international real estate firm, announced today that Russell Reynolds Associates, a global executive search firm, has signed a lease to move its Atlanta office into the 1180 Peachtree building.  Russell Reynolds has signed an 11-year lease for 9,200 square feet at the new 41-story office tower at the corner of Peachtree and 14th streets in Midtown Atlanta and will move into the new tower when it opens in March 2006.

 The Atlanta office of Russell Reynolds, which is currently in the Hurt Building in downtown Atlanta, will occupy a portion of 1180 Peachtree’s 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 last month that Roark Capital had leased 9,700 square feet and Rabobank International had leased 11,000 square feet. In May, Hines announced 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 Russell Reynolds, 1180 Peachtree is more than 78 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.

Hugh Pafford of Colliers Cauble, Atlanta, and Trip Howell, Spaulding Slye, Washington, D.C., represented Russell Reynolds in this transaction.  Hines represented itself in this transaction.