Frank Crivello, Managing Member, Eastern Coast Management Announce Completion of Rehabilitation of Innovation Centre, Port Canaveral, Florida

Innovation Centre sustains only minor wind damage after Hurricane Frances passes through Port Canaveral, Florida.

Cape Canaveral, Florida, March 31, 2005 — NNN Group, Inc., www.nnn.net, and Frank Crivello, Managing Member, Eastern Coast Management, LLC ("Eastern Coast"),announced Port Offices, LLC ("Port") completed its rehabilitation of Innovation Centre, Cape Canaveral, Florida.

In August, 2004, Port acquired from Allied Capital Corporation, Washington, D.C. the office building complex that was the headquarters of Premier Cruise Lines. The office complex is approximately 68,000 square feet and is one of the few Class A office buildings in Brevard County.

Port Managing Member Frank P. Crivello stated: "Innovation Centre is now ready for multi-tenant occupancy. Innovation Centre seeks leaders in aerospace, high technology, and port commerce."

Frank Orlando, Port's Executive Vice President, is Port's leasing representative for Innovation Centre. His office number is 954.532.0240.

 About NNN Group, Inc., www.nnn.net: 

NNN provides Eastern Coast with real estate management and advisory services.

About Eastern Coast Management, LLC:

Eastern Coast is focused on real estate and marine investments in the southeastern United States. For approximately twenty five years, as principals, Eastern Coast's team has been involved in all facets of real estate development, rehabilitation, and investments. In addition, Eastern Coast's team has offered professional management and advisory solutions to public and private companies, trusts, and individual investors. For approximately six years, as advisors or principals, Eastern Coast's team has been involved in marine investments of various types.

Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the Eastern Coast could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to assumptions relating to the marine market and that there will be no unanticipated material adverse change in Eastern Coast's operations or business.

Contact:
New-School Communications, LLC
Blois Olson, 651-221-1999
www.new-school.com

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