GID Investment Advisers LLC Enters into Joint Venture to Develop Flex/Industrial in Austin, TX

Boston - (March 10, 2008) - GID Investment Advisers LLC (a division of The General Investment & Development Companies) announced today that it purchased 26.1 acres near Austin-Bergstrom International Airport in a joint venture with the Brock Consulting Group in Austin and The Industrial Group, Inc. (TIG), which has offices in Dallas and Austin, TX. The development will consist of three flex/industrial buildings totaling approximately 326,400 square feet.

The development parcel is located in the southeast sub-market and is expected to benefit from a significantly enhanced roadway system and its close proximity to the new Austin-Bergstrom International Airport.

Bob Karp who directs GID’s flex/industrial development activities commented, “This is an excellent opportunity to take advantage of Austin’s growth and develop a business park less than five minutes from the airport and ten minutes from the CBD. We feel that Austin’s economic and population growth will continue in the foreseeable future, and we are pleased to be involved in this market.”

Burleson Road will be GID’s first joint-venture development in Austin. In Austin, GID also acquired the 384,000 square foot Stonehollow Business Center in November 2006.

For more information on GID’s flex/industrial program, please contact Bob Karp at (617) 854-6676 or visit our website at www.windsorbusinessparks.com.