ATLANTA, Aug. 10, 2005 (PRIMEZONE) -- Hendon Properties announced today the acquisition of Golden East Crossing in Rocky Mount, North Carolina, located a few miles east of Raleigh. Hendon Properties purchased North Dekalb Mall in Decatur, Georgia in October 2003 making Golden East Crossing its second major regional shopping center purchase. Golden East Crossing is a 580,000-square-foot shopping center, and, according to Charlie Hendon, founder of Hendon Properties, the town of Rocky Mount is located halfway between Florida and New York and benefits from heavy traffic and tourism on 1-95 and the Miracle Mile along Highway 301. It is also home to Abbott Laboratories, Nash Health Care systems, and Sara Lee Bakery, with the strongest population growth in the market being in the immediate vicinity of the mall.
At 580,000 square feet, Golden East Crossing is the largest retail shopping center east of Raleigh and is currently anchored by Belk, JCPenney, and Sears. Other retail stores include The Children's Place, American Eagle, Aeropostale, Bath & Body Works, Victoria's Secret, and Lady Foot Locker. Recently, the center underwent major renovations making way for a Best Buy store inside the mall.
In a statement about the acquisition, Charlie Hendon, President of Hendon Properties said, "Golden East Crossing presents an excellent opportunity for Hendon Properties with its desirable location. With noticeable improvements to become apparent over the next several months, we will actively pursue new tenants that will attract not only local traffic, but traffic along the Miracle Mile."
Hendon Properties is an Atlanta-based, full-service commercial development company specializing in retail real estate. Founded in 1985 by Charlie Hendon, Hendon Properties strives to create greater value through properly serving its customers and retailers, and the communities in which it is involved. Known nationally and having developed or redeveloped property in over 20 states, the company's largest project to-date is a 1.1 million-square-foot development in Princeton, New Jersey containing such users as Target, Kohl's, Wal-Mart, Sam's Wholesale Club, Best Buy, Linens'n Things, Borders Books and Music, Michael's, Dick Sporting Goods, and others. In the Atlanta surrounding area, local projects recently completed by the company include Johns Creek Towne Center at Johns Creek; Stonebridge Square in Roswell; Kohl's Department Store in Cumming; Kohl's and Staples Office Supply in Acworth; and Sam's Wholesale Club at I-85 and Clairmont Road.
For more information about Hendon Properties, please visit www.hendonproperties.com or call 404.262.7400.
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