Pacolet Milliken Announces Shopping Center Acquisition, LEED® Certification

Pacolet Milliken Enterprises, Inc. announces the purchase of The Shoppes at Price Crossing, a Publix-anchored neighborhood center located in North Port, Fla. The center includes a 45,600 square foot Publix Super Market and 26,210 square feet of additional retail space. This is the 13th grocery-anchored neighborhood center acquired by Pacolet Milliken in the past 22 months.

“The Shoppes at Price Crossing is an attractive property due to its prime location, strong mix of restaurant and service-oriented tenants, and market-leading anchor tenant, Publix,” said Ned Long, Executive Vice President of Pacolet Milliken. The center’s property manager is CNL Retail, and Crossman Properties is the leasing agent.

Rivertowne Place, another Pacolet Milliken-owned shopping center located in Mt. Pleasant, S.C., recently received LEED® Silver Certification. The 80,000 square foot Harris Teeter-anchored center is the state’s first LEED®-registered shopping center. LEED®, which is designated by the U.S. Green Building Council and stands for Leadership in Energy and Environmental Design, is the nation’s leading program for the design, construction and operation of high-performance green buildings. Rivertowne Place received certification for its energy use, lighting, water and material usage. Fox Capital Partners is the developer, property manager and leasing agent for the property.

“Sustainability is at the core of Pacolet Milliken’s values, so we are thrilled with Rivertowne Place’s attainment of LEED Silver Certification,” said Richard Webel, President of Pacolet Milliken. “LEED certified buildings use less energy and water, reduce greenhouse gas emissions and contribute to a healthier environment, ultimately benefitting the community as a whole.”

About LEED
The U.S. Green Building Council's LEED green building certification system is the foremost program for the design, construction and operation of green buildings. Over 100,000 projects are currently participating in the LEED rating systems, comprising over 8 billion square feet of construction space in all 50 states and 114 countries. By using less energy, LEED-certified buildings save money for families, businesses and taxpayers; reduce greenhouse gas emissions; and contribute to a healthier environment for residents, workers and the larger community. For more information, visit www.usgbc.org.

About Pacolet Milliken Enterprises, Inc.
Pacolet Milliken Enterprises, Inc. is a private, family-owned investment company founded in 2007 by Roger Milliken of Milliken & Company with the forward-looking mandate to preserve and grow its assets with a bias for quality and a multi-generational outlook. Pacolet Milliken’s four business units consist of energy and infrastructure; income property in world capital cities; income property in the southeast United States; and undeveloped land and forestry. For more information, please visit www.pacoletmilliken.com.

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