Recent News

FOR IMMEDIATE RELEASE
November 15, 2006

FAISON TAKES OVER LEASING AND MANAGEMENT OF BECKER VILLAGE MALL IN ROANOKE RAPIDS, NC

Charlotte, NC — November 15, 2006 — Faison announced today that their services have been retained as the new leasing and management team for Becker Village Mall, located at 10th Street and Becker Drive in Roanoke Rapids, NC.  Becker Village is a 32-acre, 321,000 square foot; one level, enclosed mall that is the only enclosed mall for 40 miles and services the counties of Halifax and Northampton in North Carolina and Greensville county Virginia.

Faison’s Justin Schad will direct the leasing of the property, while Sid Welch will lead the transition. On site management is handled by Marvin Ward and Marketing by Nancy Northington. Faison Retail Asset Management’s Charlotte office currently handles the leasing and management of over 4 million square feet of property.

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 DC, Charlotte NC, Charleston SC, Atlanta GA, Orlando and Delray Beach, FL. For more information, visit www.faison.com.

Contact: Faison
Leasing Opportunities: Justin P. Schad, 704-972-2634 or justin.schad@faison.com
Media: Carol Lommerse, 704-972-2669 or carol.lommerse@faison.com
Web site address: www.faison.com
Source: Faison Retail Asset Management

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