Faison Press Release

Charlotte, NC — June 9, 2009 — Faison announced today that they have been appointed as the leasing and management company for Berkeley Place, a mixed-use development serving the Bluffton sub-market in the Hilton Head area of South Carolina.

Berkeley Place is a newly constructed open-air, entertainment-oriented mixed-use development located on 24 acres in the rapidly growing Buckwalter Corridor. The Buckwalter Corridor is centrally located 9 miles to the east of Interstate 95 and 9 miles to the west of Hilton Head Island. US Hwy 278 serves as the only road onto Hilton Head Island. The center is well located on Buckwalter Parkway less than one mile south of US Hwy 278. This popular area is projected to enjoy substantial growth in all four directions over the next four years.

Berkeley Place is anchored by Seaturtle Cinemas a 12-screen movie theatre, additional tenants include a mix of restaurants, retail, professional and medical offices.

“This project is well anchored by a successful theatre which is currently the only digital stadium theatre in Beaufort County. In addition, it is well positioned in the Buckwalter Corridor, which continues to experience substantial population growth making it an excellent location for restaurants, retailers and office tenants. We already have a good amount of interest in this project and hope to announce new tenants soon,” noted Justin P. Schad CCIM, Leasing Associate for Faison.

Businesses interested in learning more about leasing opportunities should contact Justin P. Schad, CCIM – Leasing Associate, Faison 121 West Trade Street, 27th Floor, Charlotte, NC 28202 (704) 972-2634.

Seaturtle Cinemas – Sea Turtle Cinemas brings the latest technologies in the movie theatre industry to the Bluffton-Hilton Head market. Twelve stadium-style seating auditoriums equipped with DTS and Dolby Digital sound bring you the highest quality movie presentation that Hollywood has to offer. As the entertainment anchor of the Berkeley Place development, Sea Turtle strives to provide the ultimate movie-going experience in the region. In addition to offering a high-quality film presentation, Sea Turtle brings such large-market amenities as: Stadium seating • Birthday party packages complete with a party room • Rocker chairs with retractable armrests • Digital sound in every auditorium • Advance credit card ticket sales online • Automated ticketing kiosks for easy ticket purchasing and advance ticket order pick-up • Credit/Debit card transaction capabilities to the cinema's box office and concession stand • VIP seating in two auditoriums

Faison Enterprises, Inc. is a privately-held development company with a diversified product portfolio that includes retail, commercial and residential project development, management and acquisitions services. With more than 45 years in the business and holdings of approximately $1 billion, including $600 million of new projects under development, the Charlotte NC based company manages and develops properties throughout the South and Mid-Atlantic and maintains regional offices in Bethesda MD, Charlotte NC, and Atlanta GA. For more information please visit www.faison.com.