CONTACT: Andrew J. Groveman
Senior Vice President
Belz Enterprises
(901) 260-7348

The Forum at Peabody Place Opening this Fall

MEMPHIS, Tenn., Tuesday, April 26, 2002 – Coming this fall, there will be more places to play at Peabody Place in downtown Memphis. San Antonio-based Kidder Entertainment is developing The Forum at Peabody Place, a multifaceted nightclub, to be located at the corner of Third Street and Peabody Place, directly across from the Peabody Place Entertainment and Retail Center.

The 19,000-sqaure-foot nightclub will feature four different venues under one roof, including a karaoke bar, retro dance club, Top 40 dancing, and a sports bar with a full-service restaurant and live entertainment.

"We are excited to be bringing more places to have fun in downtown Memphis," said Andrew J. Groveman, senior vice president, Belz Enterprises, developers of Peabody Place. "We're sure the upbeat, trendy concept for The Forum and Peabody Place will compliment the large number of blues-oriented clubs on Beale Street, offering Memphians even more entertainment choices downtown."

Headquartered in Memphis, Tenn., Belz Enterprises is a leading innovator in real estate development with interests throughout the South, including Peabody Place Entertainment and Retail Center at 150 Peabody Place. Throughout the United States, Belz develops, owns and/or manages more than 30 million square feet of industrial warehouses, 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. .