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02/08 - Plans for "The Market at Carnes Crossroads" Announced

CHARLESTON, S.C.– Charlotte-based developer Lincoln Harris has acquired commercial property within Carnes Crossroads -- the commercial corridor for the Daniel Island Company’s new Carnes community in Goose Creek, South Carolina -- and has announced plans for the initial 15-acre phase of “The Market at Carnes Crossroads,” a retail-oriented development. Anchored by a 48,756 square foot Harris Teeter grocery store (the first for this area of Charleston), the center will feature 60,000 square feet of specialty shops and restaurants, 25,000 square feet of office space and multiple outparcel operators. Lincoln Harris is the owner and developer of the Market at Carnes Crossroads and will be handling the leasing.

Carnes Crossroads is located 20 miles north of Charleston at the intersection of Highway 17-Alternate and Highway 176 in Goose Creek. It is developing as a downtown gathering area and commercial center for Goose Creek and the Carnes community, a new 2,400 acre master planned residential community being developed by the Daniel Island Company. Roper St. Francis Healthcare recently purchased 66 acres within Carnes Crossroads and has begun plans for the first phase of its medical facility offerings in this area. Also recently announced were plans for a 60-acre campus for Northwood Assembly and Northwood Academy within Carnes that will be home to a church, schools, daycare center and administrative offices.

Completion of phase one of The Market at Carnes Crossroads is tentatively scheduled for 2010.

About Lincoln Harris:
Lincoln Harris (www.lincolnharris.com), formed in 1999 as an affiliate of Lincoln Property Company is a full-service commercial real estate firm focusing on development, commercial brokerage, property and facility management, retail and corporate services. Together with Lincoln Property Company, Lincoln Harris provides clients with a national platform and unparalleled institutional resources including over 5,000 employees in 52 offices across 26 states. Based in Charlotte, North Carolina, Lincoln Harris takes great pride in its reputation as one of the region’s most accomplished full-service real estate companies with projects ranging from the 1.2 million square foot Bank of America Corporate Center to the nationally recognized Phillips Place mixed-use development.

About The Daniel Island Company and Carnes:
The Daniel Island Company (www.danielislandcompany.com) is a Charleston, South Carolina-based developer of master planned "lifestyle communities." Formed in 1997, the company is responsible for the award-winning community that has emerged on Daniel Island, a 4,000-acre sea island located within the City of Charleston. Thoughtful planning and quality execution have earned the Daniel Island Company recognition from the Urban Land Institute (2007 Award for Excellence) and the National Association of Homebuilders (Best Suburban Smart Growth Community, 2004) for exceptional smart growth development practices. The Company's second community, Carnes, is currently under development in Goose Creek, just 20 miles north of Charleston.

The master plan for development of Carnes is being designed to incorporate many of the same details and amenities found on Daniel Island and to appeal to both a local and national market. Due to its central location, businesses, offices, schools, churches, shops and restaurants within Carnes Crossroads – the community’s commercial corridor – will play an integral role in making it an important downtown destination for Goose Creek and Berkeley County. For more information about Carnes and Carnes Crossroads, visit www.carnescharleston.com.