FOR IMMEDIATE RELEASE

HARBOR GROUP INTERNATIONAL SELLS STATE HOUSE SQUARE IN HARTFORD


An affiliate of Harbor Group International, L.L.C. (HGI), based in Norfolk, Virginia, has sold the 845,000 square foot State House Square office building in Hartford, Connecticut to State-Market Hartford, LLC, a joint venture between FBE Limited and Cammeby’s International, Ltd., for $97.75 million.  The property was purchased by HGI in September of 2003 for $66 million.

“State House Square is a perfect example of our acquisition strategy,” said Richard Litton, President of Harbor Group International. “During the three years we owned the property, we successfully executed our leasing strategy and stabilized the tenancy of the building.”

The property, constructed in 1987, consists of two 14-story towers coupled with a historic, 7-story office building in between. Major tenants at State House Square include Travelers Indemnity Company, Pullman & Comely, Hilb, Rogal & Hamilton Co., Aeltus ING North American Insurance, UBS Financial Services, Edwards & Angell and Dechert LLC. The property’s design includes high-quality granite and marble finishes and flexible 20,000 to 45,000 square foot floor plates.

The property features a food court, Morton’s of Chicago Steakhouse, a fully equipped 48,000 square foot health club, and an attached 444-space parking garage.

Harbor Group International, L.L.C. holds an investment portfolio in excess of $1.75 billion, including over 6 million square feet of office space throughout the United States and the United Kingdom, and more than 12,000 apartment units in the U.S.  The Company maintains offices in Norfolk, New York, Chicago, London, Tel Aviv and Jerusalem.  For more information, visit www.harborgroupint.com.