FOR IMMEDIATE RELEASE

Contact:
Melinda Medlin or Amy Koppel
Thompson & Baker
901/527-8000

or

Andrew J. Groveman
Belz Enterprises
901-260-7278

Statewide law firm expands practice in Peabody Place

MEMPHIS, Tennessee, November 23, 1999 - - Bass, Berry & Sims, a statewide law firm, is the latest business to join the growing community of Peabody Place.

The 77-year-old firm founded in Nashville has leased approximately 11,000 square feet in The Tower at the corner of Peabody Place and Main Street. Located in Peabody Place Executive Office Suites since launching its Memphis office in May, the firm, comprised of eight attorneys, two paralegals and six support staff, will move to its permanent residence in The Tower on December 3, 1999.

“Bass, Berry & Sims recognized the benefit of being part of a full-service community in a vibrant downtown,” said Andrew J. Groveman, senior vice president of Belz Enterprises. “We’re honored that a firm of Bass Berry’s outstanding tradition and reputation chose to have a presence in a community that strives to bring the most basic services to residents and tenants of downtown.”

Founded in 1922, Bass, Berry & Sims specializes in representing corporations in sophisticated business transactions, such as securities offerings, mergers and acquisitions, commercial real estate and banking/financing transactions, and complex litigation.

In addition to the Memphis office, the firm currently has more than 100 attorneys in its Nashville office, eight in its Knoxville office and plan to add at least ten attorneys to its Memphis office within the next two years.

Peabody Place is a mixed-use community. Upon completion, the entire Peabody Place development will contain approximately two million square feet of space, 762 hotel rooms, 201 apartments, 565,000 square feet of office space, 420,000 square feet of retail space and 3,600 parking spaces.

Belz Enterprises is a leading innovator in real estate development with interests throughout the South and much of the country. Belz develops, owns and manages over 25 million square feet of industrial/warehouse/distribution centers, shopping centers, office buildings, mixed-use centers and corporate campuses. The company also owns a group of premier hotels including

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