Charlotte, NC (December 2009) – Red Ventures, a leading on-line marketing services company, purchased a 7-acre site at 521 Corporate Center, a Crosland project developed by Merrifield Partners. The site is adjacent to Red Ventures newly acquired 60,000 SF office facility. The 7-acre site will be used to provide employee amenities and support future growth.
“Red Ventures considered a wide range of potential sites that would allow us to consolidate our local operations and support planned growth, and selected the 521 Corporate Center due to its location, quality of construction and access to amenities.”
Mark Brodsky, CFO
Chris Schaaf of Keystone Partners represented the buyer and Mike Bilodeau of Merrifield Partners represented the seller in the above transaction.
521 Corporate Center, a Crosland project developed by Merrifield Partners, is a 67-acre office park located three miles south of Ballantyne along the SC / NC state line.
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.
