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Fraser Forbes Announces the Closing of Eastgate: A $62 Million Residential Land Transaction in Loudoun County, VA

5/1/2006

Fraser Forbes Executive VP Mark Anstine and First VP John Giebel announced the closing of Eastgate, a 67 acre residentially zoned property in Loudoun County, VA. The property will be developed in 569 townhomes condominiums.

Fraser Forbes Company, LLC, founded in 1995, specializes in services associated with the acquisition and disposition of land for residential, mixed-use and commercial opportunities. Corporate services include the representation of private and institutional property owners, advising on relocation and redevelopment, as well as serving the needs of the development and homebuilding industry. Fraser Forbes works with a full range of properties from raw land to redevelopment sites in suburban and urban areas throughout the Mid-Atlantic region.

With 20 licensed agents in Maryland, Virginia, The District of Columbia and Pennsylvania, the firm's diversity and experience enables it to handle any brokerage needs. Since 1995, Fraser Forbes Company, LLC, has brokered over $2 billion in transactions.

For additional information please call Richard Samit, CEO at 703-790-9400 and visit us online at www.fraserforbes.com.

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For additional information, please contact Rich Samit, CEO at rsamit@FraserForbes.com.