Thomas Properties Group Announces New Lease with DLA Piper at Frost Bank Tower

Thomas Properties Group, Inc. has announced a major lease transaction with the Austin office of DLA Piper, which will move into 37,315 square feet at Frost Bank Tower by April 2009.

“We’re attracted to the vibrancy of downtown Austin, with its growing number of great restaurants and retail outlets, and its access to Lady Bird Lake and residential properties,” said Jim Montgomery, Austin managing partner at DLA Piper. “Our firm is looking forward to being in one of Austin’s premier downtown addresses.”

The international law firm will move approximately 60 partners, associates and staff members into the building next year from its current offices on South Mopac. Britt Reed and Ty Puckett of Transwestern represented the tenant in a 12-year deal.

“DLA Piper is a world class firm and we are very pleased with its selection of Frost Bank Tower as its new home in Austin,” commented Jim Thomas, Chairman and CEO, Thomas Properties Group. “We are very proud of the performance of our portfolio in Austin and we continue to be committed to this market.”

Thomas Properties Group owns interests in and manages approximately 2.5 million square feet of office space in the Austin Central Business District, including the two most recently constructed downtown office towers, Frost Bank Tower and 300 West 6th Street. The company also owns interests in and manages approximately one million square feet in the growing Northwest submarket.

About Thomas Properties Group

Thomas Properties Group, Inc., based in Los Angeles, is a full-service real estate company that owns, acquires, develops and manages primarily office, as well as mixed-use and residential, properties on a nationwide basis. The company’s primary areas of focus are the acquisition and ownership of premier properties, both on a consolidated basis and through its strategic joint ventures, property development and redevelopment, and property management activities. The company seeks to capitalize on opportunities for above-average risk-adjusted investment returns from real estate ownership, while managing the volatility associated with the real estate industry through joint-venture ownership structures. For more information on Thomas Properties Group, Inc., visit www.tpgre.com.