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FOR IMMEDIATE RELEASE
September 22, 2003

Contact:
David Rubenstein
Principal
The Miller Richmond Company
770-390-1891 (direct)
drubenstein@millerrichmond.com
www.millerrichmond.com

The Miller Richmond Company announces expansion/relocation of Benchmark Data Corporation.

Atlanta, GA (September 22, 2003) - The Miller Richmond Company is pleased to announce it has successfully negotiated a ten-year lease for Benchmark Data Corporation for 48,655 square feet at Bluegrass Lakes. Bluegrass Lakes is a Class "A" office/warehouse facility owed by Highwoods Properties located at 1665 Bluegrass Lakes Parkway. This facility will replace Benchmark Data Corporation's current location at Northmeadow Business Park. Benchmark, a branch automation solutions provider for large commercial banks, was driven to relocate to a larger facility to accommodate recent growth in business volume.

According to David Rubenstein of The Miller Richmond Company "Benchmark has really benefited from today's soft real estate market. On top of an aggressively low rent structure and typical lease incentives, we successfully negotiated for additional free rent that will dollar-for-dollar offset Benchmark's remaining 24 month lease obligation at its current facility. This type of concession package was just not possible a year or two ago.

" The Miller Richmond Company's Bogue Miller added "We congratulate Highwoods Properties for stepping up and offering aggressive terms that made our client's move economically feasible. This transaction represents a real win-win: Highwoods fills a critical vacancy in the GA 400 Submarket, and Benchmark finds a new home that can accommodate its current and future requirements despite its existing lease obligation. The Bluegrass Lakes facility has a high percentage of office build-out with significant upgrades in place that work well given Benchmark's unique space requirements. We are really excited to have facilitated this transaction."

Highwoods Properties is currently retrofitting the space at Bluegrass Lakes, and Benchmark Data Corporation is scheduled to move into its new facility November 2003.

About Benchmark Data Corporation
Benchmark Data Corporation, headquartered in Atlanta, Georgia, was established in 1984 as the standard-bearer for branch automation solution providers. Benchmark has the knowledge, experience, and resources to successfully implement total bank technology solutions. Its custom-tailored solutions encompass all aspects of branch automation, providing clients with quality products, professional services, and unparalleled support.

About The Miller Richmond Company
The Miller Richmond Company is a nineteen-year-old boutique commercial real estate brokerage firm based in Atlanta, GA. The firm specializes exclusively in tenant representation for office, industrial and healthcare lease and acquisition transactions. The firm is a member of The Alliance of Tenant Representatives (ATR).

 
 
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