News RELEASE

Tandy Brands Signs 42,726 SF at Enterprise Center

Arlington, TX -- February 17, 2004: Tandy Brands Accessories, Inc. (NASDAQ : TBAC) has recently renewed and expanded their headquarters office space at Enterprise Center, a 89,725 sq. ft. office property in Arlington Texas. The lease was signed on January 31, 2004 and included a 36,567 sq. ft. renewal and 6,159 sq. ft. expansion for a term of five years. Enterprise Center is owned and operated by investment advisory firm, KBS Realty Advisors (www.kbsrealty.com). The property is located in a desirable area, one-half mile from Six Flags over Texas and the Ballpark at Arlington, home of the Texas Rangers.

Tandy Brands (www.tandybrands.com) is an international designer, manufacturer and marketer of men's, women's and children's fashion accessories. Their products are found in nearly every type and size of retail operation. Along with the Tandy name, the company also sells products under names such as Levi Strauss, Jones New York, and Dockers®. The company experienced over $200 million in sales revenue last year.

"It was a pleasure to work on this transaction with Stan Ninemire, Tandy's Executive Vice President," commented Walter Foster, Senior Vice President of KBS Realty Advisors. "We look forward to continuing a great relationship by providing a quality headquarters location for Tandy Brands. We were also pleased with the outstanding efforts of Fletcher Cordell of Transwestern Commercial Services (www.transwestern.net) who represented KBS in this transaction. It was also our privilege to again work with with Art Leichner and Peter Williams of Jackson & Cooksey (www.jacksoncooksey.com), who represented the tenant."

Headquartered in Newport Beach, CA, KBS Realty Advisors is a premier investment management firm specializing in real estate investments on behalf of select private and public pension fund, endowment and foundation partners. Founded in 1992, KBS has invested in excess of $4.5 billion on behalf of its clients. KBS specializes in purchasing and repositioning under-performing real estate and real-estate related assets in the United States.