THIRD & GRACE LANDS 4 NATIONAL LAW FIRMS

Apr 8, 2008

Wilmington, N.C. – April 8th, 2008 – Third & Grace, the five-story brick and stone building located in the heart of Downtown Wilmington, is growing its family of prestigious law firms in our town. The newest arrival, Williams Mullen, has over 300 attorneys in North Carolina, Virginia, Washington D.C. and London, making it the first international firm in Third & Grace. Helms, Mulliss & Wicker, who has been a tenant in Third & Grace for over a year, recently merged with international law firm McGuire Woods. Other law firms are Manning Fulton & Skinner P.A. and Smith Moore LLP. All four firms have multiple attorneys who are listed as Best Lawyers in America, and have been recognized as top ranking in numerous publications, from Benchmark: Litigation to Chambers USA.

Third & Grace also houses the nation’s fourth largest bank, Wachovia, and one of the largest publically traded accounting firms, RSM McGladrey – the largest in our market- as anchors. Bert Williams, Landlord of Third & Grace, feels fortunate to be the landlord of the individuals and business talent that have made Third & Grace their business home. “These quality people deserve a quality office environment, and we strive daily to see that that is what they get,” said Williams.

With its dramatic architectural features and prominent location on the corner of Third Street and Grace Street, it’s no wonder that this building attracts national and international tenants. Third & Grace serves as a hub of activity, and is aiding in the growth of the Downtown community. Brian Eckel of Cape Fear Commercial commented on the ongoing interest, “We have been fortunate to experience increasing levels of activity on the remaining space and hope to make additional leasing announcements in the near future.”

Williams has made it his personal goal to provide all tenants of Third & Grace a first-class office environment. “When we began the Third & Grace project over 5 1/2 years ago, we had three main objectives in mind. We wanted to build something that Wilmington would be proud of to have downtown, that a tenant would be proud of to call home, and we would be proud of to have as an investment. There were opportunities to do other projects, but they did not satisfy those objectives and therefore were passed on,” stated Mr. Williams.

Only three suites remain vacant in the building, one of which is ready to move into on the first floor, featuring four executive offices, three of which front Third Street, and a conference room with a dramatic glass entrance.

Third & Grace is leased and managed by Cape Fear Commercial, LLC. Cape Fear Commercial is a full service commercial real estate advisory firm based in Wilmington, North Carolina. For more information on the Wachovia Building or Cape Fear Commercial, visit them online at www.capefearcommercial.com.