PM Realty Group
910 Travis, Suite 1000
Houston, Texas 77002

AT PM REALTY GROUP:
Bob Dukes
Regional Vice President
407-660-2588

AT WEBER SHANDWICK:
Laurel Krome
Media Contact
312-988-2044

Craig Bloomfield
General Information
312-640-6720

FOR IMMEDIATE RELEASE
Mar 31, 2003

SPRINT-FLORIDA SIGNS FIVE-YEAR LEASE FOR 59,551 SQUARE FEET AT SOUTHPOINT AT MAITLAND CENTER

Bob Dukes of PM Realty Group Negotiates
Renewal for Nearly Half the Building

Orlando, FL – PM Realty Group, one of the nation’s leading full-service commercial real estate firms, today announced that Sprint-Florida, Inc. has signed a 60-month renewal lease for 59,551 square feet of office space at Southpoint at Maitland Center in Maitland, Florida, just outside of Orlando.

Anita Turner of Jones Lang LaSalle represented Sprint-Florida in the transaction. Bob Dukes, Regional Vice President of PM Realty Group, represented the owner, Southpoint Investors, L.P.

"Tenant retention is the owner's primary goal for Southpoint at Maitland Center, especially for a high quality tenant such as Sprint-Florida, so we are very pleased to announce this transaction," Dukes said. “Sprint had many choices for housing its operations, and the decision to remain at Southpoint is a strong endorsement of the property’s status as one of Maitland’s top Class A properties and the level of services we are able to provide.”

Located at 151 Southhall Lane, Southpoint at Maitland Center is a four-story, 136,000-square-foot office building located adjacent to Interstate 4, providing convenient access to the Orlando International Airport and downtown Orlando.

About PM Realty Group

PM Realty Group is a privately-held real estate service organization with more than 1,300 employees and 20 divisional and regional offices. Based in Houston, Texas, the company traces its roots back to 1954. PM Realty Group today conducts business in nearly every state, providing comprehensive real estate services to institutions, investors, corporations, real estate investment trusts, government agencies and healthcare providers.

PM Realty Group offers clients the full spectrum of real estate services, including property and facility management, leasing and marketing, corporate services, investment services, construction management, asset management and development, engineering services, portfolio administration, disposition and acquisition, consulting and due diligence and healthcare services.

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