Contact:
Carol Lommerse
Faison Enterprises, Inc.
121 W. Trade Street, 27th Floor
Charlotte, NC 20202
http://www.faison.com
Faison Acquires 156 Acres in Gaffney, SC
Charlotte, NC -- May 25, 2005 -- Faison
announced today the recent acquisition of 156 acres of commercial and industrial
land in the MeadowCreek Industrial
Park. Located along Interstate 85, off Exit 96 on Route 18, MeadowCreek is
an established industrial park with all utilities and road infrastructure
in place.
The seller, Central Carolina Bank, was represented by Tommy Williams of Excess
Realty. Charlotte-based Faison bought the property for investment purposes
and will actively seek both land sales to users, as well as commercial build-to-suits.
The newly acquired property will be marketed by John Culbertson of Trammell
Crow Company’s Charlotte office.
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 $1.3 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 information: http://www.faison.com or
Contact: carol.lommerse@faison.com
Phone: 704-972-2500
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MEDIA CONTACT: Carol Lommerse, Faison, 704-972-2669
