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FOR IMMEDIATE RELEASE:
FAISON ANTICIPATES RETAILER OPENING AT ALEXANDER PLACE CROSSING
Charlotte, NC — May 14, 2009 — Faison is pleased to announce that Best Buy, the first retailer at Alexander Place Crossing will open on May 29th.
Alexander Place Crossing is a newly constructed shopping center, located in northwest Raleigh, NC in the rapidly growing area along busy US Hwy 70. Situated less than one mile northwest of Interstate 540, Exit 4B and the Raleigh/Durham International Airport, the center enjoys a highly visible location close to Brier Creek Country Club and Research Triangle Park. The 107,000 square foot development is part of a 300-acre master planned, mixed-use development with 1.2 million square feet of Class A office space, 1,400 homes, and 500,000 square feet of retail.
Best Buy is part of Phase One with 20,000 square feet of restaurant and specialty shop space available. Phase Two will follow with the development of 57,000 square feet.
“We are excited that Best Buy has chosen this location and we are looking forward to filling out our first phase with a complementary mix of shops and restaurants” noted Britt Byrne, Managing Director of Carolinas Retail Development for Faison.
Persons interested in learning more about leasing space should contact Britt Byrne at Faison.
Best Buy Co. Inc., - With operations in the United States, Canada, Europe, China and Mexico, Best Buy is a multinational retailer of technology and entertainment products and services with a commitment to growth and innovation. The Best Buy family of brands and partnerships collectively generates more than $40 billion annual revenue and includes brands such as Best Buy, Audiovisions, The Carphone Warehouse, Future Shop, Geek Squad, Jiangsu Five Star, Magnolia Audio Video, Napster, Pacific Sales Kitchen, Bath and Electronic Centers, The Phone House and Speakeasy. Approximately 165,000 employees apply their talents to help bring the benefits of these brands to life for customers through retail locations, multiple call centers and Web sites, in-home solutions, product delivery and activities in our communities. Community partnership is central to the way we do business at Best Buy. In fiscal 2008, we donated a combined $31.8 million to improve the vitality of the communities where our employees and customers live and work. For more information about Best Buy, visit www.bestbuy.com.
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 $600 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, Charlotte NC, Atlanta GA, and Orlando FL. For more information please visit www.faison.com.
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