Daniel Corporation Renews Hunton & Williams

RICHMOND, VIRGINIA, January 16, 2004 - Daniel Corporation today announced the company has secured a ten-year lease with Hunton & Williams in Richmond's Riverfront Plaza.



The worldwide law firm will retain the 298,000 square-foot space it currently occupies, with options to expand and to increase the lease length. This decision was made after a lengthy review of options conducted by the Staubach Company.



Riverfront Plaza has been home to Hunton & Williams since it was developed in partnership with Daniel Corporation, Hunton & Williams and Wheat Securities (now Wachovia Securities) in 1991. The 922,929 square foot property consists of two identical towers overlooking the James River and features 2,300 parking spaces below ground.



Michael Campbell, vice president with Daniel Corporation commented, "Hunton & Williams has been a strong supporter of downtown Richmond since 1901. We are pleased this well-respected firm has chosen to remain at Riverfront Plaza and think this speaks not only to the quality of the property, but also the viability of the downtown area."



After Riverfront Plaza was completed in 1991, Daniel managed and leased the property until its sale to Boston Properties in 1998. Daniel continues to lease the property.



Financial details of the transaction were not disclosed. Daniel Corporation represented Boston Properties, the landlord for Riverfront Plaza. The Staubach Company represented the tenant.



Hunton & Williams is a worldwide law firm with 850 lawyers in 17 different locations throughout the world. Headquartered in Richmond, the firm is one of the top 25 largest law firms in the United States. For more information, please visit www.hunton.com.



Daniel Corporation (www.danielcorp.com) is headquartered in Birmingham, Alabama with regional offices in Raleigh, North Carolina, Charlotte, North Carolina and Richmond, Virginia. Daniel is a full service real estate organization engaged in the development, acquisition, management and leasing of commercial office, multifamily, residential and senior living properties. Since it was founded in 1964, the company has owned and/or developed 8.5 million square feet of office space, 6,500 multifamily units, 2,000 senior living units, 6,000 acres of land and 5,500 single family lots in three residential communities including a nationally acclaimed golf and country club.