PEABODY PLACE ENTERTAINMENT AND RETAIL CENTER

For Immediate Release

Peabody Place’s Maggie Moo’s
Tops National Operations in Sales

MEMPHIS, Tennessee, May 9, 2006 – Maggie Moo’s Ice Cream and Treatery in Peabody Place Entertainment and Retail Center, 150 Peabody Place, took home two of the top awards at the company’s recent National Conference. The store, operated by Velma Bobo, won first place for Most Improved Operations and first place for Top Company Sales.

The Maggie Moo’s National Conference, held in Las Vegas, recognized outstanding achievements among the company’s close to 200 stores around the world.

“We are extremely excited for Velma and the Maggie Moo’s team,” said Andrew J. Groveman, senior vice president of Belz. “Maggie Moo’s prime location in Peabody Place coupled with Velma’s strong management and customer service skills make it easy to see why this location is gaining national recognition within the Maggie Moo’s company.”

Bobo, along with her children, operates two other Maggie Moo’s in the Memphis-area, one in Southaven and one in Collierville.

About Belz
Headquartered in Memphis, Tenn., Belz is a leading innovator in real estate development with interests throughout the Southern United States. Belz develops, owns and/or manages more than 25 million square feet of industrial/warehouse/distribution centers, shopping centers, office buildings, mixed-use centers and corporate campuses. The company also owns a group of premier hotels, including The Peabody Hotels in Memphis, Orlando and Little Rock. Additional information about Belz is available at www.belz.com.

Additional information about Belz or its leasing opportunities is available at 901.260.7400 or by visiting www.belz.com.

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	Katie Wassmer or Abby More Thompson & Berry PR (901) 527-8000	Andrew J. Groveman Belz (901) 260-7278
	*For Immediate Release* Peabody Place’s Maggie Moo’s Tops National Operations in Sales MEMPHIS, Tennessee, May 9, 2006 – Maggie Moo’s Ice Cream and Treatery in Peabody Place Entertainment and Retail Center, 150 Peabody Place, took home two of the top awards at the company’s recent National Conference. The store, operated by Velma Bobo, won first place for Most Improved Operations and first place for Top Company Sales. The Maggie Moo’s National Conference, held in Las Vegas, recognized outstanding achievements among the company’s close to 200 stores around the world. “We are extremely excited for Velma and the Maggie Moo’s team,” said Andrew J. Groveman, senior vice president of Belz. “Maggie Moo’s prime location in Peabody Place coupled with Velma’s strong management and customer service skills make it easy to see why this location is gaining national recognition within the Maggie Moo’s company.” Bobo, along with her children, operates two other Maggie Moo’s in the Memphis-area, one in Southaven and one in Collierville. About Belz Headquartered in Memphis, Tenn., Belz is a leading innovator in real estate development with interests throughout the Southern United States. Belz develops, owns and/or manages more than 25 million square feet of industrial/warehouse/distribution centers, shopping centers, office buildings, mixed-use centers and corporate campuses. The company also owns a group of premier hotels, including The Peabody Hotels in Memphis, Orlando and Little Rock. Additional information about Belz is available at www.belz.com. Additional information about Belz or its leasing opportunities is available at 901.260.7400 or by visiting www.belz.com. ###