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Landmark Office Building in Stemmons Corridor Sold to Dallas' JTL Capital

June 18, 2004

Dallas-based JTL Capital announced today that it has closed on its acquisition of 1111 W. Mockingbird, a landmark office building located in the Stemmons Corridor of Dallas, Texas.

JTL Capital partnered with Lakewood, New Jersey-based Diversified Capital to purchase the 15 story, 267,248 square foot building, which was originally constructed in 1974.  The building is prominently located in between John Carpenter Freeway and Stemmons Freeway on Mockingbird Lane.  Major tenants include Regions Bank, ACS (Affiliated Computer Systems), Data Dallas, and Wells Fargo.

Founded in 1999, JTL Capital, L.L.C. is a closely held, private real estate investment and development concern based in Dallas, Texas.  JTL invests directly in buildings, land, leaseholds, mortgages and other real estate interests and employs a value-enhancement strategy to generate attractive risk-adjusted returns for the company and its investors. 

Diversified Capital is a highly focused commercial real estate investment and management company with headquarters in Lakewood, New Jersey. Founded in 1999, the company owns and manages properties in New Jersey, Connecticut, Pennsylvania, Virginia and Texas.  Diversified specializes in acquiring and turning around troubled properties.  After closing, Diversified repositions these acquisitions as stabilized, income-producing assets within its long-term portfolio.

For more information visit www.jtlcapital.com and www.diversified-capital.com .

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