Buddy Parsons Promoted to President of Borelli Investment Company

Buddy Parsons Promoted to President of Borelli Investment Company

Will handle day-to-day business development, client relations,
sales force management, and acquisitions

San Jose, Calif., June 5, 2006 — Buddy R. Parsons has been promoted to president of Borelli Investment Company, a leading San Jose-based provider of commercial real estate services, it was announced by Ralph N. Borelli, CEO.  In his new role, Parsons will be responsible for day-to-day activities in client relations, business development, sales force management, and acquisitions for the 50-year-old firm.  Borelli Investment Company provides a wide range of services for commercial real estate including property management, sales and leasing, land sales and repositioning, syndicated real estate investments, property development, construction management, asset management, and court-appointed receiverships.

Parsons has been with Borelli Investment Company almost continuously since 1978, when he started as a commercial leasing agent and property manager.  He left the company briefly in the mid-1980s for another career opportunity, but returned two years later-and has remained with Borelli ever since.  Most recently, Parsons was vice president of asset management. In the past few years, he has been involved in more than 500 lease transactions and helped close approximately $70 million in building sales.

“Buddy and I go back a long way, and he is well prepared to lead the company,” said Borelli.  “One of his greatest strengths is his focus on client satisfactions and meeting individual client requirements.  The company’s various clients, investors, and partners will be in very good hands with Buddy as president.”

Borelli Investment Company is one of the oldest commercial real estate firms in the Santa Clara Valley, with more than 50 years of experience.  The company provides a full range of commercial real estate services-from development and construction management to land sales and consulting for sales and leasing.  More information about Borelli Investment Company’s services may be obtained by calling (408) 453-4700 or visiting www.borelli.com.

Contact: Ralph Borelli, CEO Borelli Investment Company 1770 Technology Dr. San Jose, CA 95110 Ph: 408.453.4700 Fax: 408.453.4636 E-mail: ralph@borelli.com http://www.borelli.com