Black Forest Ventures Announces Single Tenant to Occupy its Recently Renovated 79,000 Square Foot Building in The Woodlands

The Woodlands, TX – October 14, 2011 – Black Forest Ventures announces a long term lease agreement with RPC, Inc. (“RPC”) for the 79,000 square foot single-tenant building in The Woodlands, Texas. The building is located at 2828 Technology Forest Blvd. and sits on 4.21 acres. The property consists of approximately 61,000 sq.ft. of office on two floors and approximately 18,000 sq.ft. of warehouse space.

“We are very pleased to be making this move,” stated Richard A. Hubbell, RPC’s President and Chief Executive Officer. “We moved into our existing space in Houston almost nine years ago. We are almost five times larger today than we were at that time, and we simply needed to consolidate several locations for a number of our operational and administrative employees. In addition, we like The Woodlands because of the amenities it offers and its proximity to so many of our employees’ homes.”

The Class A building, was built in 1987, acquired by Black Forest Ventures in the late 1990s, and was recently fully renovated in 2011. It is located within Black Forest Technology Park which consists of several Class A and Class B properties, including the future home of The Woodlands Township. “This building will offer a campus like environment to accommodate RPC’s long term needs.” said Sean Quinn, Senior Vice President of Real Estate for Black Forest Ventures.