Office Condo Sale at Old Hickory Business Park

Charlotte, NC (August 2008)

Darn Group, LLC has purchased an office condominium at 1009 Forsyth Avenue (Unit A - 8,130 s.f.) in Old Hickory Business Park, a Crosland project developed by Merrifield Partners. The location will be the offices of Compkraft, an information technology firm.

William Chaffin of Coldwell Banker Commercial United Realty represented the buyer and Jon Jarrett of Merrifield Partners represented the seller in the above transaction.

The 225-acre business park is located on Indian Trail-Fairview Road in Indian Trail, Union County, NC.

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.