PRESS RELEASE

November, 2007
For more information, contact:
Paul Forberger
561-966-0070, ext.21

Noble Properties Completes Renovation Of Indian River Shopping Center In Titusville, Florida

NOVEMBER 2007, GREENACRES, FLORIDA – Noble Properties recently completed the renovation of Indian River Shopping Center in Titusville, Florida, which is anchored by Winn Dixie, Family Dollar and Blockbuster. The renovation consisted of a completely new façade, new pylon sign, all new parking lot islands, repairs to asphalt, seal and stripe, and all new landscaping and irrigation. Noble Properties Invested more than $1.5 million dollars Into the renovation. "This shopping center needed to be renovated and sets the standard for Titusville. This renovation is our best renovation to date," commented the Senior Vice President, Paul Forberger.

Founded in 1992, Noble Properties is one of the largest privately owned real estate investment companies in Florida. Focusing on the acquisition and management of neighborhood, community and power shopping centers, Noble Properties is committed to its tenants’ success by providing prime locations and well-maintained properties. Noble’s centers range in size from 70,000 to 300,000 square-feet and have a combined occupancy rate of 92 percent.