Released on = January 4, 2007, 9:43 am

Press Release Author = Stonewater Partners

Industry = Real Estate

Press Release Summary = White Plains, NY - December 28, 2006 - Stonewater Partners
announced today that it has closed on the purchase of Executive Tower located at 61
Spit Brook Road in Nashua, New Hampshire. Executive Tower is a 58,719 square foot
Class A office building leased to seven tenants and is 83% leased. The Property is
ideally located at Exit 1 of Route 3 just over the Massachusetts border.

Press Release Body = White Plains, NY - December 28, 2006 - Stonewater Partners
announced today that it has closed on the purchase of Executive Tower located at 61
Spit Brook Road in Nashua, New Hampshire. Executive Tower is a 58,719 square foot
Class A office building leased to seven tenants and is 83% leased. The Property is
ideally located at Exit 1 of Route 3 just over the Massachusetts border.
The building is occupied by major national, international and Fortune 500 companies
including Critical Care Systems, XILINX, SONY and Greenman-Pedersen, Inc.
Commenting on the transaction, Jeffrey Toporek, a Stonewater principal, stated \"The
Exit 1 submarket in Nashua is poised to draft off of the recovering suburban Boston
market, especially with the limited supply of vacant space. We expect to achieve
significant rental rate growth and bring the asset to stabilization in the next 24
months."
David Stade, also a Stonewater principal, added "the transaction is a prime example
of Stonewater's multi-tenant value-add investment strategy. The acquisition also
expands our New England portfolio and brings us to nearly 2.0 million square feet
acquired across the country."
For further information:
Jeffrey Toporek
Tel: (914) 285-3700

David Stade
Tel: (310) 209-0500


Web Site = http://www.stonewaterinc.com

Contact Details = Stonewater Partners
237 Mamaroneck Avenue, Suite 406
White Plains, NY 10605