09/12/2007

Strategic Capital Partners Invests in Advance at Southgate in Morristown, New Jersey.

Partnership with Advance Realty Group provides entry into strong market with nearly renovated Class "A" office building.

Strategic Capital Partners ("SCP") through its fund Strategic Partners Value Enhancement Fund ("SPVEF"), has invested in Advance at Southgate - a 320,274 square foot, Class "A" office building - through a partnership controlled by Advance Realty Group, a New Jersey-based developer, manager and owner of office properties.

Advance Realty Group previously acquired the building in the fourth quarter of 2005 and completely renovated the property, adding a new atrium lobby, all new mechanical systems, windows, parking and landscaping. The renovation is nearly complete and the building will be ready for occupancy in the fourth quarter of 2007.

Advance at Southgate will include amenities such as underground parking, concierge, fitness facility, dry cleaning service, conference/training area and food service. The property is located within Morris Township at 445 South Street and has immediate access to I-287 via the Exit 33 interchange. It is close to the Morristown commuter rail station offering direct service to Manhattan.

"Strategic Capital Partners is pleased to invest with a company with such a strong reputation and track record as Advance," said Laurie Smith, Senior Vice President of Acquistions for SCP. "SCP's investment in this asset provides an opportunity to enter the incredibly strong Class "A" market with the construction risk already completed."

Added Peter Cocoziello, President and CEO of Advance Realty Group, "Our investment strategy corresponds well with that of SCP's and we look forward to a successful, long-term partnership that adds value for both of our companies as well as for our Advance at Southgate tenants."

Advance Realty Group is headquartered in Bedminster, New Jersey and is a privately-held developer of office, flex, industrial, retail and multi-family properties with more than 5.5 million square feet under management. Advance has developed more than 8 million square feet of space and now owns more than 80 assets in multiple states including New Jersey, Maryland, Virginia and the District of Columbia.

Strategic Capital Partners, LLC is a privately-held real estate management firm that employs a value-added investment strategy of acquiring commercial and multi-family properties via joint ventures with experienced local real estate operators. SCP is focused on properties across the United States that can be repositioned, re-leased and/or redeveloped. The Company is headquartered in Chicago with offices in Indianapolis and New York.

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Strategic Capital Partners Invests in Advance at Southgate in Morristown, New Jersey.