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ExclusiveTenantRep.com Assists Avalon Bay Communities, Inc. with a 22,000 sq. ft. Office Lease in Virginia Beach

Virginia Beach, Virginia, 3/03/08 – ExclusiveTenantRep.com announced that it has successfully assisted Avalon Bay Communities, Inc. www.avalonbay.com with closing a 10-year lease for 22,000 square feet of office space at 2901 Sabre Street in Virginia Beach, Virginia. Avalon Bay Communities is one of the nation’s leading Real Estate Investment Trusts (REITs) is in the business of developing, redeveloping, acquiring and managing high-quality apartment communities in the high barrier-to-entry markets of the United States.

ExclusiveTenantRep.com conducted a site selection process that encompassed the Norfolk, Hampton, Newport News, and Williamsburg Metropolitan statistical areas in order to locate an existing “plug-and-play” call center. ExclusiveTenantRep.com found it in Sabre IIII space that had previously been occupied by an American Express Travel reservation center.

According to the Hampton Roads Economic Development Alliance, the Avalon Bay Communities lease transaction was one of the single largest “new” business transactions conducted in the city of Virginia Beach in 2007. The company will employ over 100 highly-trained and salaried staff in accounting, managerial and high level administrative positions at its new office.

Located in Virginia Beach, Virginia, ExclusiveTenantRep.com is the only locally-owned and –operated commercial real estate brokerage and advisory firm that exclusively represents business and institutional tenants and buyers. The firm was founded by Timothy J. McEvoy, SIOR, an experienced commercial real estate broker with over 20 years experience in the field. Because ExclusiveTenantRep.com solely advocates for tenants and buyers, the potential conflicts of interest that can occur are eliminated and the firm can evaluate and negotiate those properties best suited to its corporate clients’ needs.

ExclusiveTenantRep.com is an affiliate of the International Tenant Representative Alliance (ITRA) which, with representation in over 68 cities, is the leader in exclusively representing corporate buyers and tenants worldwide. Its affiliates advocate for clients to find the optimal property and then assist them in negotiating the best possible lease terms. Throughout the process, this global organization provides knowledgeable and objective advice from local office leasing professionals. ITRA firms do not work for landlords or real estate management companies, eliminating the potential conflict that exists with traditional brokers.

For more information about ExclusiveTenantRep.Com, contact Timothy J. McEvoy, SIOR, at Tel. 1.757.747.7440/ FAX 1.757.313.6634 or visit www.exclusivetenantrep.com..