HSM Equity Closes on Two Shopping Centers

DALLAS, TX - February 17, 2004 -- HSM Equity Group, a wholly owned subsidiary of Henry S. Miller Companies has just recently closed on two shopping centers totaling over $23.7 million dollars.

The first center is Lincoln Corners Shopping Center located in Harlingen , Texas closed at about $18.4 million.  The center is located at the southeast corner of Dixieland Road and Lincoln Avenue .  Lincoln Corners is adjacent to Valle Vista Mall and Wal Mart Supercenter .  Major tenants include Hobby Lobby, Dollar Tree, Ross, Bealls Department Store, Cici’s Pizza and Cato Fashions.  Upon acquisition, the shopping center was 96% leased with a square footage of about 180,000.

The second center is Harwood Village Shopping Center which closed at $5.3 million is located at the northeast corner of Brown Trail and Harwood in the heart of the DFW metroplex.  The center is home to Joann’s Fabrics, Half Price Books, Dollar General, Hallmark, Subway and Cato Fashions and is about 85,000 square feet.

Over the past seven months, HSM Equity has closed close to $85 million dollars and plans to close about $13 million in the next 2 months.

Henry S. Miller Commercial, founded in 1914, is Texas’ largest independent commercial real estate firm and a member of The Commercial Network, one of the largest affiliations of commercial real estate firms in the nation.