ROANOKE TIMES 

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, November 9, 1993                   TAG: 9311090054
SECTION: BUSINESS                    PAGE: B5   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

FAISON BUYS WASHINGTON DEVELOPER

Henry J. Faison, chairman of Faison and Associates, a Charlotte, N.C.-based commercial real estate company with properties in the Roanoke Valley, said Monday he has agreed with Blaine Kelley Jr., chairman of the Landmarks Group of Washington, to merge Landmarks into the Faison organization.

The merger will result in an organization managing more than 50 million square feet of space, operating in 11 cities, employing more than 1,000 people and include both retail and office properties.

The two company chairmen reported that the transaction is subject to approval of lenders and Faison and Associates' board of directors.

General plans call for the Landmarks Group to merge in under the Faison organization with corporate headquarters continuing in Charlotte and regional offices in Atlanta, Charlotte, Richmond, Washington, Tampa, Orlando, Jacksonville, Dallas, Austin, Cincinnati and Milwaukee. - Wire report 


 by CNB