Summer, 2004PAGE 4

Belz Retail Centers Offer Tremendous Range of Location Opportunities

As one of the South's largest commercial real estate developers, Belz owns and operates 26 strategically located retail centers throughout the Memphis area. Supporting the company's motto of "Any Space Any Place," Belz's properties cover a broad geographical area within Shelby County, offering opportunities in every price range. A combination of a great tenant mix, innovative design and creative marketing make Belz's retail centers a place where businesses can thrive.

Belz works with its tenants to create the perfect match - whether retailers are looking for prime retail space with high visibility in Memphis' shopping hot spots, or cost-effective strategic locations in established neighborhoods with an attractive mix of residential and office customers nearby.

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1.	Belwin Shopping Center		14.	Northridge Area
2.	Centennial Crossing		15.	Park Place Centre
3.	The Commons At Wolfchase		16.	Peabody Place Entertainment & Retail Center
4.	Eastgate Shopping Center		17.	Peabody Place: 50 Peabody Place, Pembroke Square
5.	Frayser Center		18.	Perimeter Shopping Center
6.	Frayser Plaza Shopping Center		19.	Shelby Oaks Business Center
7.	Frayser Village Shopping Center		20.	South Plaza Shopping Center
8.	Gateway Shopping Center		21.	Southgate Shopping Center
9.	Germantown Village Square		22.	Southgate North Shopping Center
10.	Harbin Shopping Center		23.	Summer Center Shopping Center
11.	I-40/Whitten Road Business Center		24.	Sycamore View Center
12.	Mendenhall Square Shopping Center		25.	Union Avenue Retail
13.	Northgate Shopping Center		26.	Union Plaza Annex

For more information about available retail properties, call (901) 260-7300.