Thursday, July 24, 2008

DBSI Announces a New Retail Development in Lexington, SC

GROUNDBREAKING FOR THE SHOPPES AT LEXINGTON COMING SOON

BOISE, ID /PRNewswire/ -- DBSI is pleased to announce the groundbreaking of The Shoppes at Lexington, (top right site aerial) a new 7,300 square-foot Class A retail center development in Lexington, South Carolina.

The Property is located on Sunset Boulevard/Highway 378, the primary East-West retail corridor connecting Interstate-20 and Columbia, South Carolina.


The project site is adjacent to a Super Wal-Mart (middle left photo) and the approximate value of the development is $3,250,000.

The old Southtrust Bank building that currently sits on the site will be demolished and replaced with an attractive brick and stucco building that will feature a drive-thru and patio seating area.

Consumers will be able to access the site directly off Sunset Boulevard or to the rear of the property via Old Cherokee Road.DBSI recently executed a lease with national wireless communications provider AT&T for 3,500 square feet of the project.

Leasing space remains available for The Shoppes at Lexington. Please contact Josh Diggs for more information at 727-329-1950 or jdiggs@dbsi.com.

DBSI Development is a wholly owned subsidiary of DBSI. DBSI Development develops properties through partnerships with an array of development professionals who have roots in growing regions of the country.

DBSI is a 29 year old leader in diversified investment real estate. The company currently manages over 18.6 million square feet, encompassing 280 properties in 34 states with an aggregate value of over $2.65 billion. DBSI specializes in the acquisition and development of real estate in all four stages -- land banking, land entitlement, development & construction and income producing assets.


CONTACT:

Matt Shifley, Marketing Manager of DBSI, +1-208-287-1835, mshifley@dbsi.com

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