Charlotte, NC (June, 2005) – Christian Research Institute, Inc., led by radio show host and author Hank Hanegraaff, has purchased Building 9, totaling 8,078 square feet (sales price $1,211,700) at Crosland’s Blakeney Professional Center. The location will be the site of CRI’s Corporate Headquarters and home to Hank Hanegraaff’s nationally syndicated “The Bible Answer Man” radio show. The radio show is heard 951 times a week on 124 U.S. stations. The Institute is relocating to Charlotte and will employ more than 40 people in the headquarters office.
George Macon of Merrifield Partners represented Crosland in this transaction. Jimmy Flowers of Carolina Inc. Property Group represented the Buyer in this transaction.
Blakeney Professional Center is a 30-acre commercial center located within the overall Blakeney project. Blakeney is the culmination of two decades of planning and will include 270 acres of single-family attached and detached homes, apartment homes, retail, commercial, and office development. This mixed-use development is located at the intersection of Rea and Ardrey Kell Roads just two miles from the I-485 Interchange. Forty-five acres have been preserved for greenways and wetlands along the Flat Branch Creek. A community green will be adjacent to the retail center. At completion, the retail center will offer around 500,000 square feet of space, with the first phase anchored by a Harris Teeter and Target. Blakeney Greens is the first neighborhood in the northeast part of the development with homes and town homes built by Saussy Burbank and Ryan Homes.
About Merrifield Partners
Merrifield Partners, an affiliate of Crosland, is one of Charlotte’s leading office and industrial development and brokerage firms. Operating as Crosland Commercial for many years, Merrifield Partners developed a portfolio of over 2,500 acres of land and 2.5 million square feet of commercial space. For more information, visit www.merrifieldpartners.com.
Crosland Inc. is recognized as one of the Southeast’s leading, privately held, diversified real estate companies and is active in retail, office, industrial, multi-family residential real estate, land development, and general contracting. The company’s breadth of product expertise has enabled it to be a leader in multi- and mixed-use developments.
Founded in 1937, the company has since developed, built or managed more than 25,000 multi-family residential units, over 13,500 single-family homes, 45 retail centers, 40 commercial buildings, more than 2,500 acres of commercial property, and 120 residential communities in the Carolinas, Georgia and Tennessee.
Headquartered in Charlotte, N.C., Crosland has offices in Raleigh, Orlando and Tampa and also operates in Durham, Chapel Hill, Greensboro, Winston-Salem, and Asheville, as well as in Greenville and Hilton Head, S.C., Hot Springs, Va., and Nashville, Tenn. Its current portfolio, representing existing projects and those under development, has a market value exceeding $1 billion. For more information, visit www.crosland.com.