For Immediate Release - November 11, 2004
Contact: Scott Harris, Aronov Vice President Commercial Brokerage
334/277-1000 / scott.harris@aronov.com

Sovereign Partners Taps Aronov for Exclusive Leasing of Colonial Financial Center

Montgomery, Alabama - Sovereign Partners, a New York-based real estate investment company, has named Aronov Realty as the exclusive leasing agent for downtown Montgomery’s Colonial Financial Center. The building, a technologically advanced “Smart Building,” was developed in 1986 and currently houses the corporate headquarters of Colonial Bank.

The eight-story building caps the end of Dexter Avenue opposite the State Capitol building, making it one of the most visible buildings in downtown Montgomery. According to Aronov Realty, the property’s prestigious location, along with the view it commands, makes the center a prime opportunity for businesses who may not have been previously thinking of relocating.

“The availability of the Colonial Financial Center offers existing Montgomery businesses the opportunity to relocate into one of the area’s finest, most beautifully appointed office properties,” says Scott Harris, Aronov’s Vice President of Commercial Brokerage. “The Center also provides an excellent facility to attract new businesses to the area. Aronov Realty is proud to have been selected as the exclusive leasing agent for such a high-profile property.”

The center offers on site management and valet parking with an attached parking deck and surface level parking, “amenities difficult to find in downtown Montgomery,” Mr. Harris added. Convenient to the best downtown dining, shopping and the new Riverwalk area, as well as Montgomery’s new hotel and convention center, the location is well suited to pulling traffic from the revitalized riverfront area, as well as offering tenants a wide range of creative ways to spend off-time within close proximity to their workplace.

The Colonial Financial Center offers efficient floor plans with available office space ranging from 750 square foot suites to over 100,000 square feet of space on contiguous floors.

Aronov Realty is the largest privately-owned, fully diversified real estate company in the Southeast and provides acquisition, development, management, leasing and brokerage services for its own portfolio of over 100 retail, office and multi-family properties and for properties owned by third parties.

For leasing information, contact Scott Harris at 334/277-1000 or scott.harris@aronov.com.