STEAK ‘N’ SHAKE RESTAURANT COMING TO COLLEGE PARK

THE WOODLANDS, TX – (February 7, 2006) – Steak ‘n’ Shake has purchased a two-acre site on College Park Drive (SH 242) in the Village of College Park for construction of a new restaurant, according to Greg Jordan, director of commercial land sales for The Woodlands Development Company.

Located directly in front of College Park High School, the restaurant will be open 24 hours a day. It will contain approximately 4,300 square feet with 100 seats and a drive-thru. Steak ‘n’ Shake specializes in 100% real steakburgers and ‘real milk’ milkshakes.

Other menu items include a variety of Signature melt sandwiches like tuna, turkey, Frisco and pepperjack; salads, soups and sides; custom platters featuring a sandwich and the guest’s choice of two sides; a fun kid’s menu; and a full complement of breakfast dishes. The Fountain menu includes floats, freezes, milkshakes, ice cream sodas, sundaes, ‘sippable’ sundaes, berry cobblers with ice cream and banana splits.

Construction of the new restaurant is expected to begin this spring.

Steak ‘n’ Shake was represented by Jeff Mallet Commercial Real Estate and David Hardesty of Hardesty Real Estate. Jordan represented The Woodlands Development Company.

The Woodlands is a 28,000-acre master-planned community located 27 miles north of downtown Houston. It is a project of The Woodlands Development Company, a limited partnership of Morgan Stanley and General Growth Properties, Inc.