DALLAS, TX - June 30, 2005 -- Harwood International has engaged John St. Clair and Robert Grunnah of Henry S. Miller Commercial to assist in the sale of one of their largest projects located at 100 N. Central Expressway in the City of Richardson.

"Harwood International is busy focusing resources and talent on our extensive holdings in Uptown Dallas and we have made the decision to dispose of several Dallas Metroplex properties.  Because our 100 North Central Expressway property represents a premier opportunity for re-vitalizing a central suburban downtown area into a mixed-use destination, we chose Henry S. Miller Commercial to represent us" says Julie Morris, Executive Vice President of Harwood International.  It is anticipated that prospective purchasers of this property will view its feature as an infill, redevelopment site utilizing the 200,000 square foot Chase Tower as an office anchor.

The property currently consists of a 13 story, 200,000 square foot building and 15.4 acres of land located at the northeast corner of Beltline/Main Street and US Highway 75/North Central Expressway in Richardson, Texas.  The location is highly visible to the 255,000 cars on Central Expressway passing each day as well as eastern and western bound traffic on Beltline/Main Street.  Located equidistant between Texas Instrument's world headquarters and its new three billion dollar chip plant, the area's largest employer provides expanding, long term absorption for many different uses.  "Due to the diverse nature of the area surrounding the property, which combines neighborhood retail and office activity with an expanding telecom influence, this area as supported strong commercial occupancies.  Additionally, the built-in populace of the historically well leased Chase Tower will be able to take advantage of growing retail availability.  Barrier's for new development in this large market area preclude competitive properties and increase demand for the site," says Robert Grunnah of Henry S. Miller Commercial.

"The site could be developed into a multitude of additional uses including, but not limited to, residential, "big-box", or a multi-tenant strip shopping center," explains John St. Clair of Henry S. Miller Commercial.  The City of Richardson (estimated 2005 population 92,250) has indicated a strong willingness to support funds that could be used for additional infrastructure and potentially structured parking; they also expressed a willingness to assist in attracting retail users.  "The US 75/Main Street intersection is a very prominent location in the City of Richardson and we are excited at the prospect of working with a new owner on a development plan that would reflect the importance of this property," explains Monica Heid, Director of Development Services for the City of Richardson.

Currently 85% occupied, the target sales price of $17.5 million represents one of the potentially best investments into today's market.  The property is featured at www.henrysmiller.com.

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.