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For Immediate Release
Contact: Melinda M. Bascone
Director of Marketing
Carter Ledyard & Milburn LLP
212-238-8753
info@clm.com

CARTER, LEDYARD & MILBURN REPRESENTS TRINITY REAL ESTATE IN RECORD SETTING LEASE OF STARMEDIA HEADQUARTERS

NEW YORK, December 27, 1999 -- The Wall Street law firm Carter, Ledyard & Milburn announced today that it represented Trinity Real Estate in one of the largest Internet-related real estate transactions to date. Barbara Brown, attorney at Carter, Ledyard negotiated a 210,072 square foot lease to StarMedia, Inc., at One Hudson Square, a property owned by Trinity Church. StarMedia Network, Inc., a leading internet media company targeting Latin America and other Spanish- and Portuguese-speaking markets worldwide, has the option of expanding its premises to approximately 350,000 square feet. With anticipated rentals in excess of $150,000,000, this transaction is the largest lease to date in Trinity Real Estate's portfolio.

"We are pleased to have assisted our client, Trinity Real Estate, with this transaction. Our long-time relationship with them enabled us to fully understand their business objectives and to negotiate this lease accordingly" said Ms. Brown.

Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 90 attorneys and has been headquartered on Wall Street since its founding. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, broker-dealer, on-shore and off-shore hedge and other alternative investment funds, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, art law, trusts and estates, maritime, ERISA, tax-exempt organizations, real estate, tax and bankruptcy. A significant part of the firm's practice involves representing overseas-based clients and their U.S. affiliates, financial institutions and other financial services providers, governmental entities and media and technology clients.

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