Christian Research Institute, Inc. to Locate Headquarters at Blakeney

Charlotte, NC, June 1, 2005- Christian Research Institute, Inc., led by radio show host and author Hank Hanegraaff, has purchased Building 9, totaling 8,078 square feet (sales price $1,211,700) at Crosland’s Blakeney Professional Center.  The location will be the site of CRI’s Corporate Headquarters and home to Hank Hanegraaff’s nationally syndicated "The Bible Answer Man" radio show.  The radio show is heard 951 times a week on 124 U.S. stations.  The Institute is relocating to Charlotte and will employ more than 40 people in the headquarters office. 

George Macon of Merrifield Partners represented Crosland in this transaction.  Jimmy Flowers of Carolina Inc. Property Group represented the Buyer in this transaction.

Blakeney Professional Center is a 30-acre commercial center located within the overall Blakeney project.  Blakeney is the culmination of two decades of planning and will include 270 acres of single-family attached and detached homes, apartment homes, retail, commercial, and office development.  This mixed-use development is located at the intersection of Rea and Ardrey Kell Roads just two miles from the I-485 Interchange.  Forty-five acres have been preserved for greenways and wetlands along the Flat Branch Creek.  A community green will be adjacent to the retail center.  At completion, the retail center will offer around 500,000 square feet of space, with the first phase anchored by a Harris Teeter and Target.  Blakeney Greens is the first neighborhood in the northeast part of the development with homes and town homes built by Saussy Burbank and Ryan Homes.