Condo Sale at Austin Village

Charlotte, NC (August 2008)

Package One, LLC has purchased Suite F (2,700 s.f.) in Building I at Austin Village, a Crosland project developed by Merrifield Partners. The location will be the site of Dr Richard Graham’s orthodontist office, specializing in children and adult orthodontics.

Bob Vande Weghe of Evergreen Commercial Properties, Inc. represented the buyer and Ken Chapman of Merrifield Partners represented the Seller in this transaction.

Austin Village is a 100-acre mixed-use development just off of I-485 at the intersection of Potter’s Road and Chestnut Lane in Indian Trail. This mixed-use development is in an ideal location, being one of the only sites commercially zoned in the area. At the center of the property is a village green with offices, shops and restaurants. Austin Village is planned to have 375,000 square feet of retail, medical, and professional office space, and forty acres has been reserved for future residential development.

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 4,000 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 most prominent diversified real estate companies in the Southeast and is recognized as a leading community builder. 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, Kentucky, New Hampshire, Tennessee and Virginia. The privately held company has an asset portfolio and projects underway that have a market value exceeding $2.0 billion. For more detail, visit crosland.com.