News - Daniel Corporation

DANIEL CORP TO MANAGE AND LEASE TOWNPARK COMMONS,

ATLANTA (May 16, 2008)—Birmingham-based Daniel Corp. has been selected by MetLife to manage and lease TownPark Commons, Midtown Heights and Georgia 400 Center effective July 1. This new assignment expands Daniel Corp’s Atlanta management and leasing portfolio by adding 890,000 square feet of office space.

TownPark Commons includes four Class-A buildings each with approximately 85,000 square feet of rentable space located in north Cobb County on Chastain Road. The two Midtown Heights buildings have excellent access and visibility at 17^th and Spring streets. The Georgia 400 Center, located at Ga. 400 and Haynes Bridge Road, offers tenants great access and visibility in north Fulton County.

“Although we only accept limited third-party assignments, given the scope of development activity we have with MetLife and the success of those projects, it made sense for both parties to further expand our relationship,” said Daniel Corp. Senior Vice President Steve Baile.

The transaction is the latest in a 25-year relationship between Daniel Corp. and MetLife. Over the past two decades, the companies have done business together on more than 20 property leasing and management, real estate joint venture and mortgage loan transactions spanning more than 5 million square feet of real estate. Recent projects include the approximately 3-million-square-foot 12^th & Midtown mixed-use development and Metropolitan Center, a premium mixed-use development planned for 17^th and Spring streets across from Midtown Heights.

“We are successfully working with Daniel on the 12^th & Midtown and Metropolitan Center projects, and now look forward to maximizing the value of our other Atlanta assets and opportunities through our relationship,” said MetLife Real Estate Investment’s Atlanta Regional Director Tom Coakley.

With the addition of these management and leasing assignments, Daniel Corp.’s Atlanta region now leases and/or manages approximately 2.2 million square feet. Over the past three decades, Daniel Corp. has developed or acquired more than 10 million square feet of office space, more than 10,000 multi-family residences and more than 10,000 acres of land for office parks and master-planned communities. With a focus on the Southeast and Mid-Atlantic markets, Daniel Corp. has clearly honed in on Atlanta as a key area for development. Daniel Corp. re-entered the Atlanta real estate market in 2002 by partnering with Selig Enterprises and the Canyon-Johnson Urban Funds (CJUF) to develop the successful The Plaza Midtown mixed-use development.