HFF, Inc. : HFF closes $143.6 million sale of MeadWestvaco World Headquarters in Richmond, Virginia

HFF, Inc. : HFF closes $143.6 million sale of MeadWestvaco World Headquarters
                            in Richmond, Virginia

WASHINGTON, D.C. - July 9, 2013 - HFF announced today that it has closed the
sale of the MeadWestvaco World Headquarters, a 310,950-square-foot, trophy
office building in Richmond, Virginia.

HFF marketed the property on behalf of the seller, NewMarket Corporation.
Select Income REIT purchased the asset for $143.6 million free and clear of
existing debt, excluding transaction costs.

The MeadWestvaco World Headquarters is located at 501 South 5th Street on the
banks of the James River close to Interstates 95 and 195, James River Park and
Richmond's River District. Completed in 2009 as a build-to-suit for the
global packing and packaging solutions firm, the nine-story property features
a conference and training center, cafeteria, coffee shop, fitness center with
locker rooms, and has a Four Globes rating from the Green Building Initiative,
which is the highest rating available.

The HFF investment sales team representing the seller was led by executive
managing director Stephen Conley, senior managing directors Dek Potts, Jim
Meisel and Andrew Weir and senior real estate analyst Jess Dickinson.

According to Dek Potts, "HFF was very pleased with the response from the
investment community for this trophy quality asset. Everyone who toured the
property recognized its irreplaceable location on the banks of the James River
and the intrinsic value of the asset, as well as MeadWestvaco's strong credit
and commitment to Richmond. These qualities led to highly competitive pricing
for the asset."

NewMarket Corporation through its subsidiaries, Afton Chemical Corporation and
Ethyl Corporation, develops, manufactures, blends, and delivers chemical
additives that enhance the performance of petroleum products. From
custom-formulated chemical blends to market-general additive components, the
NewMarket family of companies provides the world with the technology to make
fuels burn cleaner, engines run smoother and machines last longer.

Select Income REIT (SIR) is a real estate investment trust, or REIT, which
primarily owns properties that are net-leased to single tenants.
Approximately half of SIR's current rents are from land SIR owns in Hawaii,
which is leased under long-term leases to tenants, many of whom own buildings
and operate their businesses on SIR's property. The remaining revenues come
from single-tenant net-leased office and industrial properties located
throughout the United States.

HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned
by HFF, Inc. (NYSE: HF). HFF operates out of 21 offices nationwide and is a
leading provider of commercial real estate and capital markets services to the
U.S. commercial real estate industry. HFF together with its affiliate HFFS
offer clients a fully integrated national capital markets platform including
debt placement, investment sales, equity placement, advisory services, loan
sales and commercial loan servicing. For more information please visit
www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.

HFF Executive Managing Director
(202) 533-2500

HFF Senior Managing Director
(202) 533-2500

HFF Senior Managing Director
(202) 533-2500

HFF Senior Managing Director
(202) 533-2500

HFF Associate Director, Marketing
(617) 338-0990


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(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: HFF, Inc. via Thomson Reuters ONE
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