News RELEASE

Computer Firm Moves Greenpoint HQ

Houston, TX, June 23, 2003: A regional computer products and services firm has shifted the corporate headquarters to 3,728 sf at Greenbriar Place at 650 N. Sam Houston Parkway East.

Tuttle, Sullivan & Co. signed a long-term lease for the new office in a relocation from 525 North Belt, also in the Greenspoint submarket. Kelly Hanks with Houston’s Moody Rambin interests represented Tuttle, Sullivan & Co. Wanda Wilson and Marci Phillips, Houston-based PM Realty Group team, represented the building owner, Koll Bren Schreiber Realty Advisors, in the lease negotiations.

In a press release, Hanks said Tuttle Sullivan chose Greenbriar Place for a better location and amenities. He added Greenbriar Place had a workable space plan that was virtually move-in ready, allowing the tenant to get a good value on the lease.

Greenbriar Place is a five-story, 147,402-sf office building that is 68% leased. The asking rate is $15 per sf. Koll Bren Schreiber has a portfolio of 3.5 million sf in the Houston area.

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.