RICHARD BOWERS & CO. REPRESENTS SALE OF HISTORIC DOWNTOWN PROPERTY TO REAL ESTATE EXECUTIVE FOR CHILDRENS’ CHARITY GROUP

November 16, 2007

After marketing the property for just two months, Richard Bowers & Co.’s Jim Davenport and Vice President Ashley Parker negotiated the $1.75 million sale of 83 Walton Street, an historic property located in downtown Atlanta, on behalf of owner Walden Enterprises, LLP. The property was purchased by J. Ronald Terwilliger, chairman and CEO of Trammell Crow Residential, for use by STANDUP FOR KIDS, a not-for-profit organization founded in 1990 to help rescue homeless and at-risk youth.

Terwilliger is very excited about the 83 Walton Street property. “Since the building was the former headquarters for Capricorn Records, it has an important heritage to the music industry and to this city,” he explained, adding several of the building’s current tenants carry on that legacy today with their involvement in the music and media industries.

“Additionally, I have purchased this building with the belief that there will be a continued resurgence in downtown Atlanta and the Fairly Poplar district. As a part of this investment, we have an exciting project in the works which will not only fill the remaining vacant space in the building but at the same time will bring new excitement to the City of Atlanta.”

According to Keith Sanders, national director for corporate development for STANDUP FOR KIDS, the organization will utilize approximately 4,000 square feet of the 15,750-square-foot property as its regional headquarters, while the remaining space will be leased to other tenants.

“I am proud to support Stand Up For Kids and provide them executive space in the building as they strive daily to make a difference both locally and nationally in the lives of children who are without the basic necessities of life which we all take for granted every day,” Terwilliger stated.

“We appreciate Ron’s generosity and his support of STANDUP FOR KIDS,” said Sanders. “ With his assistance, we will be able to reach hundreds of kids who live in the shadows of our society and help them improve the quality of their lives.” Sanders explained that Atlanta is an important market for the organization due to its access to transportation and its pleasing climate, and the city attracts kids from around the country who are faced with few options.

Sanders adds: “We fell in love with the building right away, and we are grateful to Richard Bowers & Co.’s help in facilitating the sales transaction,” added Sanders, who adds the organization was looking to establish a larger presence in the Atlanta region.

“We are pleased to be able to have found such a worthy user for a property that has such a colorful history,” said Davenport, regarding the building’s cultural relevance as the former home to the famed Capricorn Records. Capricorn Records was launched in 1969 in Macon, Ga. by Phil Walden and Frank Fenter and put Southern Rock on the map by signing The Allman Brothers Band, The Marshall Tucker Band and Wet Willie, among others. The label was also the home of Otis Redding, and in its later years, launched alternative acts such as 311 and Cake.

About 83 Walton

The 83 Walton Street property is on the National Register of Historic Places. Built in the 1920s, the six-story building offers stunning architectural features, high ceilings and exposed beams, and also features a large, rooftop terrace. Located in Atlanta’s Fairlie-Poplar district the property is within walking distance of Centennial Olympic Park, Georgia State University, Philips Arena and other downtown entertainment venues, and is convenient to restaurants, residential housing and MARTA.
About STANDUP FOR KIDS

Headquartered in San Diego, the mission of STANDUP FOR KIDS is to help homeless and street kids. This mission is carried out by a national volunteer force whose on-the-streets outreach efforts will find, stabilize and assist homeless and street kids in their efforts to improve their lives. The organization's mission shall also be furthered through deterrence and resource programs provided in schools and via the Internet. All facets of this mission shall be guided by the mandate that our volunteers shall tell kids they care about them and then, at every turn, prove it. For further information on STANDUP FOR KIDS, visit the organization’s website at www.standupforkids.org.

About Richard Bowers & Co.

Richard Bowers & Co. is the largest independently owned commercial real estate firm in Metro Atlanta. In 2004, the company celebrated its silver anniversary and moved its corporate headquarters to the Downtown location of 260 Peachtree Street.

A member of TCN Worldwide – a national affiliation of real estate firms – the company represents clients and owners in office, retail, and industrial sales and leasing, land and investment sales, financial services, development, relocation services, interior design and construction management and property management. Clients include numerous FORTUNE 500 corporations, regional and national headquarters, professional firms and major institutions. In, 2006 the company completed more than 315 property sales and leasing requirements totaling more than 3.5 million square feet of space.