Crosland’s Shops at Greenridge Signs Final Junior Anchors

Greenville, S.C., Feb. 2, 2005- Crosland’s Shops at Greenridge, a 600,000-square-foot regional center the company is developing at I-85 and Woodruff Road, has signed three additional junior anchors to the regional center. Marshalls and HomeGoods, Linens ’n Things and World Market have all executed leases with Crosland and represent the remaining three of 11 anchors that will be featured at the center.

The Marshalls and HomeGoods store will be the first concept of its kind for the city, while Linens ’n Things and World Market will open their first Greenville stores. The Shops at Greenridge has already attracted five retailers that are new to the city, as well as two new to the state.

While these tenants will occupy the center’s remaining anchor space, Crosland is currently engaged in conversation with a number of specialty stores and restaurants that will be featured in Greenridge’s village area, a 100,000-square-foot central shopping area with a plaza featuring a fountain, sidewalks and outdoor seating.

Three New Anchors

The TJX Companies Inc. introduces its first Marshalls and HomeGoods store to the city of Greenville at The Shops at Greenridge. Combining home furnishings and giftware with its traditional selection of apparel all under one roof, the store will offer customers a wide selection of home fashions including everything from high-end kitchen appliances to giftware, at prices 20 to 60 percent below department stores, specialty stores and catalogues. Situated between PETsMART and Ross, the 55,000-square-foot store will devote 20,000 square feet to domestic goods and 35,000 square feet to apparel for men, women and children.

Linens ’n Things, the nation’s leading large-format retailer of linens, housewares and decorative home accessories, also introduces its first store in the city. Occupying 29,100 square feet of space, the retailer will be located between Ross and World Market and will feature items relating to bath and bedding, dining, home décor, gifts and seasonal products.

The 18,600-square-foot World Market store will feature a diversified selection of distinct products from more than 50 different countries around the world. The retailer’s international network of buyers travel the globe to find the most exclusive collection of decorative accessories, gourmet foods, beverages, housewares and home furnishings. World Market also features a wide array of international and domestic wines, collectibles, jewelry, and unique gift items.

“The diversity of domestic products offered by these anchors at The Shops at Greenridge will be a great resource for residents in the area,” said Charles Thrift, leasing associate with Crosland. “We are pleased with our anchor tenant line-up and look forward to securing leases with an array of specialty stores and restaurants for the village area.”

The Shops at Greenridge is a $64 million venture between Crosland and Core Properties. Crosland is the lead developer for the project, which is the company’s first retail center in the Greenville area, while Core Properties is managing outparcel sales. The contractors are Myers & Chapman and Shelco. LS3P is the project architect, with Freeland & Kauffman serving as the civil engineers. Bank of America is the lender.

The land was previously owned by the late John D. Hollingsworth. Funds from the purchase have gone to Hollingsworth Funds Inc., which provides funding for various Greenville charitable entities.