Time Warner Plans New Building in Crosland Commercial`s Whitehall Executive Center

Charlotte, NC, August 3, 2000 – Crosland Commercial, a division of The Crosland Group, Inc., recently signed Time Warner as the newest tenant in the Whitehall Executive Center off I-485 in southwest Mecklenburg. Time Warner is planning a new 80,000-square-foot building (with room for a 20,000 square-foot expansion) to house its customer call center and technical operations.

Whitehall is a 700-acre mixed-use development consisting of office, business park, retail and residential uses, which has been developed by Crosland Commercial. Whitehall Executive center is a 38-acre business park within the Whitehall master development. Whitehall is located at I-485 and Highway 49.

Ken Chapman, development manager at Crosland Commercial, said, “We are excited to have Time Warner moving in to our park and believe they will be a great addition.” The Time Warner project fits with one of Crosland Commercial’s strategies to develop and lease back build-to-suit facilities.

Time Warner’s new facility will occupy 13.5 acres in the Whitehall Executive Center and will have easy access to the interstate and ample parking space for service trucks and employees. The cable company’s walk-in customer service, ad sales and telecom operations will continue in its facility on East Morehead Street.

Don Jensen, vice president and general manager of Time Warner, said, “Crosland is very good to work with and has a great piece of property. They worked very hard to make sure we had an agreement that both of us could live with for a long time.”

For more information, contact Ken Chapman by telephone at (704) 523-0272 or by email at kchapman@croslandgroup.com.