Thomas Properties Group Adds Paul Rutter as Executive Vice President and General...

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Fri Sep 5, 2008 1:25pm EDT

Thomas Properties Group Adds Paul Rutter as Executive Vice President and General Counsel

LOS ANGELES--(Business Wire)--
Thomas Properties Group, Inc. (NASDAQ:TPGI) announced today that
Paul S. Rutter has joined the company as Executive Vice President and
General Counsel. A seasoned real estate attorney, Mr. Rutter's
experience has included a wide range of commercial real estate and
business transactions.

   "Paul has represented and worked closely with TPGI and its
predecessor entities for more than two decades," said Jim Thomas,
Chairman and CEO. "His talents will be valuable to our company in all
aspects of the business."

   Mr. Rutter cofounded Gilchrist & Rutter Professional Corporation,
a real estate law firm in Los Angeles in 1983 and served as Managing
Shareholder until 2006. His practice included negotiating, structuring
and documenting transactions in commercial real estate development,
financing, leasing, acquisition and disposition. In 2006, he became
Executive Vice President, Major Transactions, at Maguire Properties,
where he served until June, 2008.

   Along with representing publicly-held and private companies, Mr.
Rutter also has worked with the public sector. He currently serves as
counsel to the Grand Avenue Committee, a public/private partnership
responsible for a major mixed-use development and a new Civic Park in
downtown Los Angeles.

   Mr. Rutter received his J.D. (Order of the Coif) from the
University of California, Los Angeles School of Law, where he served
as Topic and Comment Editor for the Law Review. He earned his A.B.
magna cum laude from the University of California, Los Angeles,
received Dean's List honors, and was Pi Gamma Mu and Phi Beta Kappa.

   He is admitted to the bar of the State of California, the U.S. Tax
Court, U.S. Supreme Court, and U.S. Court of Federal Appeals. He is a
member of the Los Angeles County, Beverly Hills and Santa Monica Bar
Associations and is active in the Urban Land Institute. Mr. Rutter is
widely published and is a frequent speaker at legal and real estate
meetings.

   About Thomas Properties Group

   Thomas Properties Group, Inc., based in Los Angeles, is a
full-service real estate company that owns, acquires, develops and
manages primarily office, as well as mixed-use and residential
properties on a nationwide basis. The company's primary areas of focus
are the acquisition and ownership of premier properties, both on a
consolidated basis and through its strategic joint ventures, property
development and redevelopment, and property management activities. The
company seeks to capitalize on opportunities for above-average
risk-adjusted investment returns from real estate ownership, while
managing the volatility associated with the real estate industry
through joint-venture ownership structures. For more information on
Thomas Properties Group, Inc., visit www.tpgre.com.

   Forward Looking Statements

   Statements made in this press release that are not historical may
contain forward-looking statements. Although TPGI believes the
expectations reflected in any forward-looking statements are based on
reasonable assumptions, these statements are subject to numerous risks
and uncertainties. Factors that could cause actual results to differ
materially from TPGI's expectations include actual and perceived
trends in various national and economic conditions that affect global
and regional markets for commercial real estate services, including
interest rates, the availability of credit to finance commercial real
estate transactions, and the impact of tax laws affecting real estate.
For a discussion of some of the factors that may cause our results to
differ from management's expectations, see the information under the
captions "Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations - Factors That May
Influence Future Results of Operations" in our 10-K for the year ended
December 31, 2007, and contained in our reports on Form 10-Q for
fiscal quarters during 2008, which have been filed with the SEC. TPGI
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.

Thomas Properties Group
Media contact
Karen Diehl, 310-396-2400
Investor Relations contact
Diana Laing, Chief Financial Officer
213-613-1900

Copyright Business Wire 2008
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