2.365-acre Site Purchased at Hunters Crossing

Charlotte, NC (April 2007)

Ballantyne Storage, LLC has purchased a 2.365-acre site (sales price $785,000) at Hunters Crossing, a Crosland project developed by Merrifield Partners. The location will be the site of Ballantyne Climate Controlled Self Storage.

Hunters Crossing is a 7-acre mixed-use development located at Highway 521 at Lancaster Highway, Charlotte, NC.

George Macon of Merrifield Partners represented the Seller 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 3.5 million square feet of commercial space. For more information, visit www.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.