The Capital and Counties Development Group will be headed byThomas Engberg and Scott Franklin. Both individuals come to C&Cby way of Regency Centers Corp.'s Northern California Investmentsand Development division, where they were SVP and VP, respectively.Engberg says he and Franklin accepted the new positions for theopportunity to build a development platform from the ground up fora well-capitalized firm with a solid track record.

Capital & Counties U.S.A. is a wholly owned subsidiary ofthe UK-based Liberty International PLC, one of the largest publiclytraded property companies in the UK with assets in excess of $17.5billion. Capital & Counties' US property holdings are focusedin Northern California and include Serramonte Shopping Center inDaly City; 222 Sutter Street in San Francisco; the Senator OfficeBuilding in Sacramento; the Willows Shopping Center in Concord;Plaza Escuela in Walnut Creek; and the Marketplace Shopping Centerin Davis.