BILL BAILEY JOINS HOLLY REAL ESTATE AS VICE PRESIDENT, PROPERTY MANAGEMENT

Miami (July 15th) – Holly Real Estate, a full service commercial real estate firm, announced today that Bill Bailey has joined its Property Management division as Vice President. Formerly with the Allen Morris Company, Bailey is focused on leasing and managing the BAC Colonnade, in Coral Gables.

“Bill Bailey is a 20-year commercial real estate veteran who brings Class A and institutional quality, expertise and leadership to the firm, “ said William H. Holly, Chairman and Chief Executive Officer of Holly Real Estate.

Bailey has over 21 years experience in the execution and on-site management of privately held projects, and is best known for his property management and leasing leadership in the real estate industry for achieving 100% occupancy rates (with the highest rental rates in the market) in Class A+ office buildings in Coral Gables, Florida.

William T. Wassey, President, Property Management Division of Holly Real Estate asserted, “Mr. Bailey will be instrumental in achieving and maintaining the BAC Colonnade present, premiere position in Coral Gables.”

About Holly Real Estate/TCN Worldwide:
Miami-based Holly Real Estate/TCN Worldwide is an integrated commercial real estate company providing brokerage, investment/joint ventures, development, and property management and consulting services. Holly Real Estate is known for its leadership in green building initiatives and is currently completing Miami’s first LEED Certified Green office building -- Miami Green. Holly Real Estate is affiliated with TCN Worldwide, a consortium of independent commercial real estate firms ranked as one of the largest service providers in the industry covering more than 200 markets globally. More information on Holly Real Estate/TCN Worldwide Commercial Real Estate firm is available at www.hollyre.com.

MEDIA CONTACT: Christine S. Galliano, Holly Real Estate, 305.755.0345 cgalliano@hollyre.com.