Olympia Development Corporation announces

Gallery II newest tenant - CAPSTONE CORPORATION

Virginia Beach, VA (July 1, 2007) - Olympia Development Corporation is pleased to announce that Capstone Corporation has opened its newest location at the Gallery II, a Class A office building in Virginia Beach. Operating out of a corporate headquarters in Alexandria, VA and major business offices in Virginia Beach, VA and Charleston, SC, Capstone has established a reputation for providing quality services and solutions in support of customer homeland security/defense responsibilities; information technology requirements; training and exercise support needs; and business infrastructure support operations.  Capstone Corporation will occupy approximately 3,308 square feet of the two story building.  The two Gallery Buildings, 62,000 rentable square feet are now fully leased.

Located on Cleveland Street, this prime site is easily visible and accessible off the Virginia Beach/Norfolk Expressway.  The building’s modern design, with reflective blue glass windows and a granite finish lobby, convenient access to I-264 and I-64, nearby restaurants, banks, shopping and hotels, and a dedicated management staff all add up to make this a premier business location.

The Gallery II is the second and final phase in this office park.  The 31,000 square foot building fronts a beautifully landscaped plaza across from Phase I.  The two buildings mirror each other in appearance, and include the latest technologies for corporate success, such as Cox Communications and Verizon fiber-optic capabilities.

CB Richard Ellis represented Capstone during the lease negotiations.

For more information about Capstone Corporation, visit their website at http://www.capstonecorp.com