Romano's Macaroni Grill

Sale-leaseback of 39 properties in 13 states

8214 Westchester Drive
Ninth Floor
Dallas, Texas 75225
Phone: 214.696.3600
Fax: 214.696.9845

We work with our clients to help their businesses soar. Cardinal Capital has the flexibility and analytical skills to partner with companies from a wide range of industries. The following is a partial list of the clients that have turned to us for help in reaching their financial goals.

• Academy Sports & Outdoors
Alabama Gas Company
• Bank of America
• Barnes&Noble
Beckman Coulter
• Black&Decker
• Blockbuster
Boscov's Department Stores
Bruno's/BI-LO Stores
• Cingular Wireless (now AT&T)
• Circuit City Stores
• CompUSA
• Corporate Express
Dick's Sporting Goods
• Eckerd Corporation
• Firestone Tires
Fleming Companies, Inc.
• General Cinema Corporation
Georgia-Pacific Corporation
Hardee's Franchisee
• Huntington Bancshares
• Indiana Energy
• International Filing Company
• Long John Silver's
Macaroni Grill
Marsh Supermarkets
• McDonald's
• Neways
• Pier 1 Imports
• Randalls
Reuters Group PLC
Rite Aid Corp.
• Royal Ahold N.V.
• Sears, Roebuck & Co.
• Shaw's Supermarkets
Sovereign Bank
• Spiegel & Newport News
• Taco Bueno
• The Home Depot
TW Metals
• Unisource Worldwide
• Wal-Mart
• Washington Mutual
• Winn-Dixie

Fleming Companies, Inc.

Fleming Companies, Inc., the industry leader in the wholesale distribution of consumable goods, has a growing presence in operating "price impact" supermarkets. Through its distribution segment, Fleming distributes products to customers that operate approximately 3,000 supermarkets, 6,800 convenience stores and over 2,000 supercenters, discount stores, limited assortment stores, drugstores, specialty stores and other stores across the United States.

Cardinal Solution:
Fleming Companies and Cardinal Capital Partners began discussing a $150 million, six-property distribution facility sale-leaseback transaction in mid-May 2002. Contracts were signed the end of May, and the 4.3 million-square-foot, 305-acre transaction was completed on June 28, 2002.

Not only did Cardinal Capital Partners assist Fleming Companies in meeting their financial goals, but we also performed our obligations with exactness while under intense pressure from the tenant. We also operated within an extremely aggressive time frame and in the midst of constantly changing property-level information.

Once again, Cardinal Capital Partners proved its ability to perform under tight time frames while remaining flexible and providing innovative solutions in an ever-changing environment.