Columbus, Georgia

Steven,



Thanks. Liz, please place in ecap info for the mayor/councilors.



Isaiah







Contact: Steven Cadranel

(404) 869-2800

Theresa Birchett

(404) 307-4620



PRESS RELEASE



Columbus Park Crossing Kicks Off Next Phase With Kohl?s Department Store



FOR IMMEDIATE RELEASE



Columbus, GA ? November 17th, 2005 ? Ben Carter Properties announced it has

broken ground to add Kohl?s Department Store to its many other successful

merchants at Columbus Park Crossing. Kohl?s will anchor the newest 350,000

s.f. retail addition along Whittlesey Boulevard opposite the company?s existing

750,000 s.f. retail, entertainment, and restaurant center located at J.R. Allen

Parkway, Veteran?s Parkway, and Whittlesey Boulevard.



A joint venture agreement was formed between Ben Carter Properties and the GEO.

M. Adams Company to develop and own this latest retail addition. The two

companies have worked together since 2000, and along with The Jordan Company

master planned the 400 acre Columbus Park mixed use live, work, dine, play, and

stay development.



Upon full build out, the next 350,000 s.f. phase will represent approximately

$45,000,000 in capital investment in addition to the over $120,000,000 invested

in Columbus Park to date. Upon completion, the company anticipates this next

phase will spur an additional 500 to 600 new jobs to add to the 1,800 jobs it

projects have been created at Columbus Park since its opening in August 2002.



Kohl?s, a full line family apparel, shoe, jewelry, gift, home, and accessories

department store was founded by the Kohl family in Milwaukee, Wisconsin, in

1962. From its new headquarters in Menomonee Falls, Wisconsin, the company

currently operates over 650 locations nationwide and its publicly traded stock

is listed among the S&P 500.



The Kohl?s store at Columbus Park Crossing will total approximately 89,000 s.f.

and is scheduled to open in October 2006. Additional national and regional

specialty anchor stores and an array of local merchants are planned to follow

in early 2007. Deals are already in the works for several of the development?s

eight out parcels designed to accommodate restaurants, banks, and retailers

that continue to be attracted to the energy and synergy of Columbus Park.



Steven Cadranel, President of Ben Carter Properties, said ?Columbus has proven

itself to be the dynamic regional hub and retail opportunity we have always

said it was. Our merchants and restauranteurs offer something for everyone and

are attracting people from around the corner, throughout Columbus, and all

across southwest Georgia and southeast Alabama. We are extremely excited to be

adding Kohl?s to the depth and quality of our shopping experience at Columbus

Park Crossing and look forward to announcing additional retailers to the

Columbus market soon.?



Mayor Bob Poydasheff said ?Our city is on a roll! Kohl?s decision to locate

here reflects our region?s booming economic development and compliments our

recent job growth announcements and the unprecedented growth taking place at

AFLAC and Fort Benning.?



Councilman Glenn Davis also commented that ?Columbus is a city whose history

continues to be written every day. Kohl?s decision to come to Columbus Park

Crossing is just the latest sign of our area?s continued growth and momentum.?



The GEO. M. Adams Company said ?We are excited about this new joint venture

with Ben Carter Properties and look forward to see Columbus Park Crossing

continue to be the center of Columbus? retail growth.?



Ben Carter Properties, LLC is an Atlanta-based real estate development,

acquisitions, leasing, and management company.