SUNDANCE SQUARE ANNOUNCES AGREEMENT WITH WOMEN’S RETAILER, PAPPAGALLO CLASSIQUES

FORT WORTH, Texas (August 22, 2006) – Sundance Square, downtown Fort Worth’s entertainment and retail district, announced women’s retailer, Pappagallo Classiques, will open a store in Sundance Square by the holidays. This is the fifth store for the company and its first location in downtown Fort Worth.

“Sundance Square is the perfect location for women’s retail and Pappagallo Classiques is a great addition to our mix of retailers,” said Johnny Campbell, president and CEO of Sundance Square. “With more than 10 million visitors to Sundance Square annually, we know our next retail growth will be in women’s apparel stores that are unique to the market. We are pleased that Pappagallo has chosen to locate their newest store in Sundance Square.”

Pappagallo Classiques will take up space at 408 Houston Street. The 6,200 square foot space was previously occupied by the Milan Gallery, which will be moving to 505 Houston Street this fall. Milan Gallery’s new space will feature a layout that showcases all of the art on one floor and provides ample space for the gallery to host special showings and events. The gallery’s website, www.milangallery.com, will allow the art dealer to continue operations.

Pappagallo Classiques features the hottest trends and styles from talented designers for the woman who likes classic or cutting edge fashions. The Sundance Square store will house Pappagallo Classiques’ largest Brighton Accessories boutique in the metroplex.

“Opening a store in Sundance Square is a great opportunity for our company,” said Mahmoud Kharrat, president of Kharrat Enterprises, Inc. “We will have a prime location with all of the amenities that Sundance Square can provide to make Pappagallo a tremendous success in downtown Fort Worth.”

Sundance Square welcomed men’s retailer, Jos. A. Bank, to its retail mix last year. The property also features small, trendy boutiques such as Moonstruck, Earthbones, and Mayfair.

Sundance Square is comprised of 20 AMC cinema screens, 24 restaurants, three live theatres, Bass Performance Hall, permanent home to the Ballet, Symphony, Opera, and Theatre companies, two museums, three art galleries, retail shops and boutiques, two upscale residential complexes, and some of Fort Worth's prime office space including the 12-story Chase Bank Building, Wells Fargo Tower, and D.R. Horton Tower.

Visitors will always find plenty of parking at Sundance Square, and after 5:00 p.m. and all day on weekends and holidays, the parking is free. A customer validation program during weekday business hours provides up to 2 ½ hours of free parking. Sundance Square also has one of the most highly trained security forces in the country. Security officers patrol the area on bicycle 24 hours a day, seven days a week.

About Sundance Square

Located in the heart of downtown Fort Worth, historic Sundance Square is a 20-block commercial, residential, entertainment and retail district where people work, live, shop and dine. Sundance Square’s beautiful landscaping, red-brick streets and turn-of-the-century buildings make it a pedestrian’s delight. Named after the famed Sundance Kid, who used the Fort Worth area as a hideout, Sundance Square has been hailed as a monumental achievement in urban redevelopment.

For more information, visit www.sundancesquaremanagement.com or call 817-255-5700.