HIGH-END DEVELOPMENT COMES TO PERIMETER CENTER

Atlanta - (September 28, 2006) - GID Investment Advisers LLC (a division of The General Investment & Development Companies) today announced the purchase from Equity Office of 42 acres in Perimeter Center at the corner of Hammond Drive and Perimeter Center Parkway. The property includes three buildings with 487,368 square feet of office space.

GID, a privately held, Boston-based investment company, is acquiring the site through its Urban Development Group and plans to create a mixed-use compelling destinations that enhances the existing neighborhood. GID plans to spend the next three to six months gathering input from local officials and neighborhood groups before creating a master plan for the site.

“GID is committed to long-term, quality mixed-use developments that serve as focal points for the neighborhoods in which they’re located. The Perimeter Center site is a perfect location for the pedestrian and transit-friendly community we hope to build,” said Gardner Wallace, GID chairman. “We look forward to working with area officials and neighborhood groups to create an exciting destination for the neighborhood.”

The site, across from Perimeter Mall and the Dunwoody MARTA station, is currently home to, and is part of, the Perimeter Center Improvement District (PCID), a self-taxing district that encompasses both the DeKalb and Fulton Perimeter CID’s to help accelerate transportation and infrastructure improvement projects. The PCID is currently working on an extension to Perimeter Center Parkway that will begin on the site and cross over I-285 near the hospital district, connecting the northern and southern portions of the business districts and providing more convenient access to the location.

“We look forward to working with GID Investment Advisers to help create a development that truly enhances the community and creates a destination for the region,” said Robert Voyles, DeKalb PCID Chairman and CEO.