Archived Releases
FOR IMMEDIATE RELEASE
Faison Acquires Land for Kedron Village Expansion
Construction of Target-anchored shopping center to begin in March
Atlanta, GA – January 21, 2005 - Faison Enterprises, Inc. (www.faison.com) completed the purchase of land from Peachtree City Holdings for the Kedron Village expansion. The new $35 million, 280,000-square-foot shopping center will be located adjacent to the existing Kroger at Peachtree Parkway and Ga. Highway 74 in Peachtree City, Ga. and includes a Target, three additional anchors as well as 15,000 square feet of second-floor office space. The purchase price was not disclosed.
Faison will begin construction at Kedron Village in mid-March 2005 with opening scheduled for spring 2006.
“We are excited to complete the closing and move to the construction phase of the Kedron Village development project,” said Mike Cohn, senior managing director of Faison. “We look forward to delivering a quality shopping center to Peachtree City in spring 2006.”
Faison Enterprises, Inc. is a privately-held real estate investment company with a diversified product portfolio that includes retail, commercial and residential project development, management and acquisitions services. With more than 40 years in the business and holdings of approximately $1.3 billion, the Charlotte NC based company manages and develops properties throughout the South and Mid-Atlantic and maintains regional offices in Bethesda MD., Washington D.C., Charlotte NC, Atlanta GA, Orlando and Delray Beach, FL. For more information, visit www.faison.com.
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MEDIA CONTACT: Carol Lommerse, Faison, 704-972-2669 |
