(Charlotte, NC – July 2007) – Times Oil Corporation has purchased a 2.07-acre site (sales price $1,034,000) at Poplar Point Business Park, a Crosland project developed by Merrifield Partners. The location will be the site of a convenience store.

Poplar Point Business Park is a 105-acre business park located on I-85 & Poplar Tent Road in Concord, N.C. Jon Jarrett of Merrifield Partners represented the seller.

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.