FOR IMMEDIATE RELEASE

December 15, 2005

HARBOR GROUP INTERNATIONAL SELLS PNC CENTER IN CINCINNATI

Harbor Group International (HGI) of Norfolk, Virginia has sold the 27-story, 497,394 square foot PNC Center in Cincinnati, Ohio for an undisclosed price.

“We are pleased with the performance of PNC Center and we were able to execute our exit strategy perfectly,” said Sid Bridge, Spokesman for Harbor Group International. “The Property was a perfect fit for our portfolio and we will continue to acquire others like it.”

HGI acquired the property in February of 2002 for $52.3 million.

Built in 1980, the property was 89% occupied at the time of sale. PNC Bank occupies more than 45% of the building with more than ten years remaining on their lease. Other prominent tenants include Frost Brown Todd, the 75th largest law firm in the country; Robert Half International, the world’s largest executive recruitment and staffing service; KPMG, one of the country’s largest accounting firms; and CB Richard Ellis.

Skidmore, Owings and Merrill, the world-renowned architecture firm who designed the Sears Tower, designed PNC Center. It features an Italian travertine marble exterior and carefully manicured landscaping. It is located at the corner of Fifth and Main streets in the center of downtown Cincinnati across the street from the world headquarters of Procter & Gamble.

Harbor Group International has been an aggressive acquirer of investment property since its creation in 1985. HGI’s other prominent central business district office properties include Dominion Tower in Norfolk, Virginia, BP Tower in Cleveland, Ohio, State House Square in Hartford, Connecticut and One Enterprise Center in Jacksonville, Florida.

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