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FAISON AND ASSOCIATES, A LEADING COMMERCIAL REAL ESTATE SERVICES FIRM, GROWS AGAIN

& WASHINGTON, Nov. 8 /PRNewswire/ -- Henry J. Faison, chairman of


Faison and Associates, and Blaine Kelley Jr., chairman of the Landmarks

Group, acknowledged today that they have entered into an agreement which calls for the merger of the Landmarks organization into the Faison organization. The merger of the two predominant real estate companies 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 featuring 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. The company will operate through an expanding series of regional offices in Atlanta, Charlotte, Richmond, Washington, Tampa, Orlando, Jacksonville, Dallas, Austin, Cincinnati and Milwaukee.
 Some of Faison's largest management assignments include the NationsBank facilities throughout Virginia and the Towers at Williams Square in Dallas. Some of the better known Landmarks managed properties include the Concourse and Promenade in Atlanta, Landmarks Centre and Tampa Bay Park in Tampa and Landmark Center in Orlando.
 Earlier in the year, Faison merged with Atlanta's Ewing Southeast, a well known retail leasing and management firm headed by Thomas McAuley and Morris Ewing. Founded in 1912, Ewing is thought to be Atlanta's oldest continuing real estate company. The newly merged combination of Faison, Landmarks and Ewing is expected to establish a major new force in real estate in the Southeast region of the United States.
 -0- 11/8/93
 /CONTACT: John G. Shooshan of Faison and Associates, 703-527-9092/


CO: Faison and Associates; Landmarks Group ST: District of Columbia IN: FIN SU: TNM

DC-KD -- DC038R -- 1969 11/08/93 18:42 EST
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Publication:PR Newswire
Date:Nov 8, 1993
Words:299
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