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Condo Sale at Mountain Island Village

03/05/2007

Charlotte, NC (March 2007)

MGS Properties, LLC has purchased Condo Unit B1 – Bldg 2 in Mountain Island Village in Charlotte, NC, a Crosland project developed by Merrifield Partners. The location will be the site of Upper Cervical Health Centers of America’s home office.

Mountain Island Village is a 14-acre mixed-use development modeled after a traditional Nantucket style village. It is located at the southwest corner of the Hwy. 16 and Rozzelles Ferry Road intersection, and includes plans for up to 100,000 s.f. of commercial space.

Edwin Thomas of Merrifield Partners represented the Seller and Robert McClure of Century 21 Murphy & Rudolph represented the Buyer in this transaction.

About Merrifield Partners

Merrifield Partners, an affiliate of Crosland, is one of the Charlotte area’s leading office and industrial development and brokerage firms. Operating as Crosland Commercial for many years, Merrifield Partners has developed over 3,500 acres of land and 2.5 million square feet of commercial space. For more information, visit merrifieldpartners.com

About Crosland LLC

Founded in 1937, Crosland is one of the Southeast’s leading diversified real estate companies. Its expertise in retail, multifamily, office, land development and general contracting enables it to be an innovator in multi- and mixed-use development.

Headquartered in Charlotte, N.C., Crosland has offices in Raleigh, Orlando, Tampa and Nashville, and develops, builds and manages properties in the Carolinas, Florida, Tennessee and Virginia. The privately held company’s current portfolio has a market value exceeding $1.5 billion. For more detail, visit crosland.com.