TRIAD EXPANDS PRESENCE IN GA 400 MARKET

Huntsville, Alabama--(April 17, 1998). Triad Properties Corporation announced the development of McGinnis Park, a three (3) building, 300,000 square foot, master-planned, Class "A" office park located on a 24.67-acre site in the Georgia 400 submarket of Atlanta. Located adjacent to Windward, the submarket's premier office and corporate headquarters, the site has been developed to allow the buildings to be positioned looking inward to a common plaza containing landscape, hardscape, and water features. In addition to providing an urban setting, the Park is located on the Forsyth County line which generates a property tax benefit equal to $.80 per rentable square foot of building. Accordingly, McGinnis Park has a price advantage equal to 15% - 20% of rental rate, as compared to competitive properties in Fulton County.

Phase I development consists of a four-story, 100,498 rentable square foot, Class "A" office building and allocated infrastructure improvements. The building's exterior consists of a combination of glass curtainwall and architectural pre-cast panels. Four (4) spaces of surface parking per 1,000 net rentable square feet will be provided.

"We are pleased to be increasing our investment in the GA 400 submarket, which has proven to be an explosive growth corridor," noted Triad Principal Gerry Shannon. According to Tom Daniel, the Managing Director of Trammell Crow's Atlanta office, "This joint venture with Triad demonstrates Crow's continued commitment to the ongoing growth strategy being implemented by the Triad/Crow team."

Triad Properties Corporation is a fully integrated real estate and investment company specializing in developing, acquiring, managing and leasing quality office and industrial properties in major metropolitan areas. Since inception, the company, through its affilated entities, has acquired and developed more than 5.0 million square feet in Atlanta, Dallas, Nashville, and South Florida. Headquartered in Huntsville, Alabama, Triad Properties is owned by Mr. Thomas D. Daniel, Mr. Lance Sallis, Mr. Gerry E. Shannon, C.P.A., Mr. Mark C. Smith and Mr. William R. Stroud, C.P.A..