Recent News

FOR IMMEDIATE RELEASE
June 19, 2007

Faison Announces Grand Opening of Southern Lane's Home Depot

Charlotte, NC — June 19, 2007 — Faison is proud to announce the grand opening of the Home Depot store at Southern Lane shopping center in Roanoke, Virginia.

Home Depot, which opened on May 7th anchors the 15 acre Southern Lane project will be joined later this year by Starbucks expected to open in September, and Chick-fil-A expected to open in the fourth quarter of this year.

Bill Barnett, Faison’s Managing Director Retail Development said, “We are excited to have Home Depot open and look forward to the completion of this project with the additional openings of Starbucks and Chick-fil-A later this year.”

Located on US Hwy 220 at Southern Lane in Roanoke, Virginia the shopping center will serve an estimated 46,000 households in the southern portion of the Roanoke marketplace.

Other Faison projects developed in Southwest Virginia include:  Wachovia Tower, Valley View Mall, Valley View Crossing and the redevelopment of the Roanoke Hotel in Roanoke, Virginia, and the River Ridge Mall and Wards Crossing Shopping Center in Lynchburg, Virginia.

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 Mid-Atlantic and South and maintains regional offices in Bethesda MD, Washington DC, Charlotte NC, Atlanta GA, and Orlando, FL. For more information, visit www.faison.com

Contact: Faison
Retail Development, Carolinas Region: Bill Barnett, 704-972-2640 or bill.barnett@faison.com
Media: Carol Lommerse, 704-972-2669 or carol.lommerse@faison.com
Web site address: www.faison.com
Source: Faison Retail Development

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