Company Website: http://www.tpgre.com
PHILADELPHIA -- (Business Wire)

Thomas Properties Group, Inc. (NASDAQ: TPGI), a full-service real estate operating company headquartered in Los Angeles, announces the signing of a major lease transaction for its landmark One Commerce Square building in Center City Philadelphia with Ernst & Young LLP, a leader in assurance, tax, transaction and advisory services. Ernst & Young LLP is a member firm of Ernst & Young Global Limited located in the US.

A tenant in the adjoining twin Two Commerce Square building since 1992, Ernst & Young has committed to long-term tenancy with the leasing of 74,240 square feet on three floors in One Commerce Square. Ernst & Young is relocating over 800 professionals from its current space in Two Commerce Square. At the corner of 21^st and Market Streets, Commerce Square is a two-million-square-foot office and retail property built by a predecessor entity of Thomas Properties Group in 1987. The multimillion-dollar lease transaction with Ernst & Young is among the largest signed by Thomas Properties Group in Philadelphia this year. Occupancy is slated for first quarter of 2012 with StructureTone, Inc. acting as general contractor. Thomas Properties Group senior vice president Joe McManus and senior leasing manager Morgan Murray represented the company in the lease transaction.

Chris Bruner, Managing Partner of Ernst & Young’s Philadelphia office, stated, “Maintaining a presence in Center City Philadelphia reaffirms our commitment to the city and it keeps our people located in an area that is central to where they live and to our clients. The efficient, Gensler-designed office space at One Commerce Square provides a professional, innovative and collaborative work environment from which we can both deliver exceptional client service and accommodate growth.”

About Thomas Properties Group

Thomas Properties Group, Inc., with headquarters in Los Angeles, is a full-service real estate company that owns, acquires, develops and manages primarily office, as well as mixed-use and residential properties on a nationwide basis. The company’s primary areas of focus are the acquisition and ownership of premier properties, property development and redevelopment, and property and investment management activities. For more information on Thomas Properties Group, Inc., visit www.tpgre.com.

Forward-Looking Statements

Statements made in this press release that are not historical may contain forward-looking statements. Although Thomas Properties Group believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, these statements are subject to numerous risks and uncertainties. Factors that could cause actual results to differ materially from Thomas Properties Group’s expectations include actual and perceived trends in various national and economic conditions that affect global and regional markets for commercial real estate services, including interest rates, the availability of credit to finance commercial real estate transactions, and the impact of tax laws affecting real estate. For a discussion of some of the factors that may cause our results to differ from management’s expectations, see the information under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations - Factors That May Influence Future Results of Operations” in our 10-K for the year ended December 31, 2010, and contained in our reports on Form 10-Q for fiscal quarters during 2011, which have been filed with the SEC. Thomas Properties Group disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts:

MEDIA CONTACTS:
Thomas Properties Group, Inc.
Morgan C. Murray, 215-851-6015
Senior Leasing Manager
or
Ernst & Young, LLP
Suzanne Bouhia, 703-747-1818
Director of Communications and Marketing
or
INVESTOR RELATIONS CONTACT:
Thomas Properties Group, Inc.
Diana Laing, 213-613-1900
Chief Financial Officer

Source: Thomas Properties Group, Inc.