“We have retained HFF to assess the market potential of the Wells Fargo Tower and D.R. Horton Tower, leading to a possible sale,” stated Johnny Campbell, president and CEO of Sundance Square. “The business climate in Sundance Square and downtown Fort Worth has been very strong and we believe this is an appropriate time to sound the market.”

Occupancy in the Wells Fargo Tower, completed in 1982, and D.R. Horton Tower, which opened in 1984, has exceeded 96 percent for the last two years. Construction of the prestigious Class A office spaces coincided with the development of Sundance Square, initiatives that together represented a bold effort by Fort Worth’s Bass family to reinvigorate the city’s central business district.

“The assignment we have given HFF in no way signals a reduction in the Bass Family’s commitment to Sundance Square. The family will remain a major stakeholder in downtown Fort Worth as evidenced by the current construction of The Carnegie,” added Campbell.

Last January, Sundance Square broke ground for The Carnegie, a new 16-story office building under development at West Third Street between Taylor and Lamar Streets. The 280,000-square-foot Class A building will open in June 2008 in one of the most sought after real estate markets in the country.

The Carnegie is the first new building to be constructed in Sundance Square since the Bass’s 12-story Chase Building that opened in 2002.

“Sundance Square has fueled the revitalization of downtown Fort Worth for the past three decades,” said Edward P. Bass. “Today, we are both admired and emulated as one of the most successful downtowns in America. While Class-A office space has played and will continue to play an important role in our mixed-use urban environment, the ownership of these two towers should have little influence on our ongoing efforts and success. Sundance Square and downtown Fort Worth will continue to develop and thrive, and the Bass Family expects to be vitally involved in our downtown’s future.”

Famed architect Paul Rudolph designed the two glass and steel towers, which combined, feature 1.5 million-square-feet of office and retail space. He made it his goal to design towers that would dominate the downtown skyline, yet be compatible with the low-rise, historic buildings situated around it. Rudolph accomplished his goal by including an intricate set of architectural features at street level.

When the towers were under construction and the adjacent turn-of-the-century building of Sundance Square under restoration, the two projects were locally dubbed “Sundance and Star Wars.”

In 2004, Tower 2 was renamed the D.R. Horton Tower after the homebuilder relocated its corporate headquarters to Sundance Square. Tower 1 became the Wells Fargo Tower when the diversified financial services company relocated its headquarters to the building in 2005.

"This is a great opportunity to purchase the premier office buildings in Fort Worth," said HFF Executive Managing Director Mark Gibson. "The buildings are leased to a prominent list of tenants who are drawn to the excellent amenity base at the buildings and in the adjacent Sundance Square. Assets of this quality, which are highly integrated into the fabric of a city, rarely are offered for sale and therefore we are expecting a very competitive process from the national real estate investment community."

Executive Managing Director Mark Gibson, Senior Managing Director Andrew Levy and Director Todd Savage will lead the investment sales team on behalf of Sundance Square.

Sundance Square oversees more than two million square feet of commercial office, retail and residential space. Located in the heart of downtown Fort Worth, historic Sundance Square is a 35-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. HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital market services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sale and note sales advisory services and commercial loan servicing.