Affiliate of Tucker Development Corp. Acquires $29 Million Loan Secured by Centuria...

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Wed May 28, 2008 8:00am EDT 

Affiliate of Tucker Development Corp. Acquires $29 Million Loan Secured by
Centuria Development in Fort Lee

FORT LEE, N.J., May 28 /PRNewswire/ -- An affiliate of Tucker Development
Corp. (TDC) has purchased a $29 million loan from affiliates of Principal
Financial secured by a portion of the Centuria development, a nearly
$1 billion mixed-use project in Fort Lee.
    "Tucker Development is proud to be continuing to invest in New Jersey,"
TDC President & CEO Richard H. Tucker said. "Making strategic investments,
including purchasing debt, is our investment strategy at TDC."
    Tucker Development Corporation
    Founded in 1996, Tucker Development Corporation recently opened a New
Jersey office at 50 Park Place in Newark. For more information on Tucker
Development Corporation, visit www.tuckerdevelopment.com or contact Moshe
Glick at the New Jersey office at 973-242-2699.
    CONTACT:
    Fred Feiner, Beckerman Public Relations
    ffeiner@beckermanpr.com
    908-781-6420

SOURCE  Tucker Development Corp.

Fred Feiner of Beckerman Public Relations, +1-908-781-6420,
ffeiner@beckermanpr.com, for Tucker Development Corp.
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