NEW YORK--(BUSINESS WIRE)—March 15, 2005--NDC Capital Partners LLC (“NDC”) today announced a co-investment with Bergman Real Estate Group, for the acquisition of a five-story, 175,000 square foot, Class A office Building.  The property, known as 45 Eisenhower Drive, is located two miles from the intersection of Routes 17 & 4 North (Exit 161 of the Garden State Parkway) and is adjacent to Arcola and Ridgewood Country Clubs.

About Bergman Real Estate Group

The Bergman Real Estate Group (Bergman) is a privately held real estate owner and managing and leasing company headquartered in Iselin, New Jersey. It was founded in 1988. The principals of Bergman possess a broad range of experience. Jerry Bergman, President and Chief Executive Officer, has a real estate career that spans 45 years. Jerry had a long tenure as a partner with Tishman Speyer Properties. Bergman is actively acquiring office and industrial buildings throughout New Jersey. They are a pro active operator looking for opportunities through leasing, renovation, expansion, and improved management. Bergman is focused on acquiring portfolios as well as individual properties.

About NDC Capital Partners

NDC is a private equity firm, investing capital in U.S. commercial real estate assets and related entities through joint venture structures with proven operating partners. The Company has been funded with initial discretionary capital commitments in excess of $50 million from strategic equity partners. NDC pursues a disciplined investment philosophy that focuses on value-oriented strategies, including property renovation, development, and repositioning. The foundation of NDC’s investment platform is an alignment of interest created through a co-investment partnership with knowledgeable operating partners. A proven track record of producing consistently high risk-adjusted returns supports this investment philosophy.