HFF Named to Market Sale of Five Post Oak Park in Houston

HOUSTON--(Business Wire)--The Houston office of HFF (Holliday Fenoglio Fowler, L.P.)
announced today that it has been named to market for sale Five Post
Oak Park, a 567,396 square-foot Class A office tower and parking
garage in Houston, Texas.

HFF managing director Jeff Hollinden will lead the investment
sales team, which also includes managing director Robert Williamson,
executive managing director Scott Galloway and associate director
Barbara Guffey, on behalf of the seller, Crescent Five Post Oak Park,
L.P. The property is being offered clear of debt without a formal
asking price.

Five Post Oak Park is located at 4400 Post Oak Parkway in Houston
and is 91.4% leased. The largest tenant is Amegy Bank, a wholly-owned
subsidiary of Zions Bancorp, which occupies over 30% of the building.
Situated on a 3.6 acre site, the 28-story structure is connected by
elevated pedestrian skywalk to an adjacent 1,673-car structured
parking garage.

"Five Post Oak Park is one of the most notable Class A buildings
in The Galleria submarket, which has experienced a surge in occupancy
and rental rates in the past 12 months," said Hollinden. "The majority
of the tenant base is in the financial services industry and caters to
business and private clientele in the River Oaks, Tanglewood and other
surrounding Galleria area neighborhoods."

According to CoStar Realty Information, Inc., Houston posted 5.4
million square feet of net absorption in 2007, the second highest
level in the country after only New York. CoStar also reported that
net absorption in the Galleria submarket alone was 1,060,725 square
feet.

"In addition to solid real estate fundamentals, the strength of
the Houston economy continues to be a major draw attracting real
estate investors to the city," said Williamson.

According to the U.S. Bureau of Labor Statistics, the Houston
metropolitan area added 76,975 new jobs for the 12 month period ending
November 2007.

HFF (NYSE:HF) operates out of 18 offices nationwide and is a
leading provider of commercial real estate and capital markets
services to the U.S. commercial real estate industry. HFF offers
clients a fully integrated national capital markets platform including
debt placement, investment sales, structured finance, private equity,
note sales and note sale advisory services and commercial loan
servicing.

HFF Managing Director
Jeffrey A. Hollinden, 713-852-3500
jhollinden@hfflp.com
or
HFF Associate Director, Marketing
Laurie Fish McDowell, 617-338-0990
lmcdowell@hfflp.com

Copyright Business Wire 2008