121 West Trade Street
27th Floor
Charlotte, NC 28202

Archived News

FOR IMMEDIATE RELEASE

February 8, 2006

Steven H. Smith

Faison Names Steve Smith Managing Director of Construction and Development

Charlotte, NC — February 8, 2006 — Faison announced today that Steven H. Smith has been promoted to Managing Director of Construction and Development for Faison’s Carolina’s region. Steve will continue to be responsible for overseeing retail construction and development activities for the Carolinas region. Since joining Faison in 1997 he has been responsible for the rezoning/due diligence, design and construction management of  Wards Crossing in Lynchburg, VA, Alexander Place Promenade in Raleigh, South Square redevelopment  in Durham, NC, Aberdeen Commons in Aberdeen, NC, Mooresville Crossing in Mooresville, NC, and Sycamore Commons and Northlake Commons in Charlotte, NC.

James H. Culpepper, IV, Faison’s Executive Vice President of Retail Development commented, “Steve’s superior track record, spanning over ten years of Retail Construction and Development experience greatly balances our existing development efforts in the Carolinas. Steve will continue to be an invaluable contributor to the team.”

Faison Enterprises, Inc. is a privately-held development 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 billion, including $500 million of new projects under development, 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, Charleston SC, Atlanta GA, Orlando and Delray Beach, FL. For more information, visit www.faison.com.

Contact:

# # #