JOINT VENTURE DEVELOPS $60 MILLION SOUTH CAROLINA OFFICE BUILDING

COLUMBIA, S.C. — Holder Properties is developing Main & Gervais, a $60 million, 200,000-square-foot office building in Columbia, in conjunction with co-owners and tenants Edens & Avant, McNair Law Firm and the National Bank of South Carolina. Construction is scheduled to begin on the 18-story building, which is located along Main Street, in July. The first tenants will begin occupancy in December 2009, with the following tenants moving in March and July 2010. The building will serve as a headquarters location for the three co-owners.