Charlotte, NC (May 2006) – Senderra Real Estate Holdings, LLC has purchased a 6.2-acre site at 521 Corporate Center, a Crosland project developed by Merrifield Partners. The site will accommodate the new 58,000 square foot corporate headquarter building for Senderra Funding, a Charlotte-based wholesale mortgage company specializing in non-prime lending.

Michael Bilodeau of Merrifield Partners represented the Seller and Mark Ayers of Staubach represented the Buyer in this transaction.

521 Corporate Center is a 67-acre office park located three miles south of Ballantyne along the SC / NC state line. The current roster of companies at 521 Corporate Center include Wellman Inc., Sharonview Federal Credit Union, Alemite, Guarantee Insurance, Omni Homes, Capital Conversions, Mint Condition, Management Recruiters of Lancaster County and Porchlight Mortgage.

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.

About Crosland

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 billion. For more detail, www.crosland.com.