JOINT VENTURE TO DEVELOP 160,000-SQUARE-FOOT OFFICE COMPLEX

PEARLAND, TEXAS — Lead developer TAB Lonestar Holdings, an affiliate of ZT Properties USA, and co-developer Wallace Bajjali Development Partners LP are developing an office complex located at Shadow Creek Parkway and Texas 288 in Pearland. The 160,000-square-foot, Class A office development called ZT Shadow Creek Business Center, is being built on 7.5 acres and will house two, four-story buildings at 80,000 square feet apiece. The project’s first phase breaks ground in the first quarter of this year and is scheduled for completion by mid-2009. BanDier Realty Partners LLC and CB Richard Ellis are handling pre-leasing for both phases of the project.