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Crosland sells building to California ministry

Charlotte Business Journal, USA
June 28, 2005
charlotte.bizjournals.com

ReligionNewsBlog.com • Tuesday June 28, 2005

Crosland Inc. has sold an 8,078-square-foot building at Blakeney Professional Center to Christian Research Institute Inc. for $1.2 million.

The California-based ministry will move to Building 9 at the center, which is at the intersection of Rea and Ardrey Kell roads.

The building will also house CRI President Hank Hanegraaff‘s nationally syndicated “The Bible Answer Man” radio show, which is aired 951 times a week on 124 U.S. stations.

The company plans to hire more than 40 employees.

Blakeney Professional Center, two miles from the Interstate 485 interchange at Rea Road, is a 30-acre commercial center within a larger Blakeney development.

Upon completion, the project will include 270 acres of single-family homes, apartments, commercial and office development, and a 500,000-square-foot retail center that is anchored by Harris Teeter Inc. and Target.

Land totaling 45 acres has been preserved for greenways and wetlands along Flat Branch Creek.

Blakeney Greens is the first neighborhood in the northeast part of the development, with homes and townhomes built by Charlotte companies Saussy Burbank and Ryan Homes.

Crosland, founded in 1937, is a privately held real estate company with offices in North Carolina and Florida. The company’s portfolio of existing and developing projects has a market value greater than $1 billion.