SPARTANBURG, SC – July 30, 2012 – SPENCER/HINES PROPERTIES, INC is pleased to announce that it has been selected by CoStar Group (NASDAQ: CSGP), commercial real estate’s leading independent research firm, to receive a CoStar Power Broker Award. This annual award recognizes the “best of the best” in commercial real estate brokerage by spotlighting the U.S. firms and individual brokers who closed the highest transaction volume in commercial property sales or leases for the entire year of 2011 in their respective market. 

As the largest professional research organization serving the commercial real estate industry, CoStar is uniquely positioned to identify the top firms and brokers in each market throughout the U.S. All awards are based on transaction data in CoStar’s commercial real estate database, the largest, independently researched database of commercial real estate property information available online.

Spencer/Hines Properties qualified as one of the top commercial brokerage firms in the Greenville/Spartanburg market based on its total leasing and sale transactions closed during the year. In order to be selected for this honor, Spencer Hines Properties was measured against commercial real estate brokerage firms active in its region by CoStar Group, and subsequently ranked among the top firms in the market.

 “CoStar Group is very proud to recognize the select few commercial real estate brokerage firms and brokers who performed at the industry’s highest level and achieved remarkable sales and leasing success in 2011,” said CoStar Group Founder and CEO Andrew C. Florance. “These top performers truly represent the best of the best in commercial real estate, and they deserve to be recognized for their proven deal-making abilities. We congratulate Spencer Hines Properties on its impressive professional accomplishment.”

The complete list of 2011 CoStar Power Broker Award winners can be found at http://www.costar.com/PowerBrokers/.

About CoStar Group, Inc.

CoStar Group (Nasdaq: CSGP) is commercial real estate’s leading provider of information and analytic services. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe with a staff of approximately 1,500 worldwide, including the industry’s largest professional research organization. For more information, visit www.costar.com.