CENTRAL VA IREM CHAPTER 38 MEMBERS ARE IN THE SPIRIT OF GIVING

On November 16, 2010, the Central VA IREM Chapter 38 2010 President, Dwayne Faria of Thalhimer, and the 2011 President, Bernardine Cde Baca, of SugarOak Management Services presented monies to the Central VA Food Bank. The donation was the result of the Chapter’s fundraiser which designated all proceeds be given to CVFB. The Chapter will hold a food drive in early December and members will participate in a day of volunteering at CVFB in the near future. In addition, Dwayne and Bernardine attended The Virginia Foundation for Community College Education luncheon held at the Boar’s Head Inn in Charlottesville, VA. The luncheon honored more than twenty (20) Commonwealth Legacy Scholarship recipients. In 2010, the Chapter established a $20,000 scholarship for students studying real estate at the various community colleges within the Chapter’s region. The region includes the areas from Fredericksburg and Williamsburg, VA to the West Virginia and North Carolina borders. The Chapter previously established a fully endowed $25,000 scholarship to Virginia Tech as well as Virginia Commonwealth University.

SugarOak Announces Acquisition of Crossings Centers IV & VI

Herndon, VA – April 12, 2010… SugarOak, a Virginia based owner/developer of commercial properties, announced the acquisition of the Crossings Centers IV & VI, 53,000 sq ft and 110,000 sq ft, in Norcross, Georgia. Crossings Center IV is located off of Peachtree Parkway and is comprised of five separate buildings. Crossings Center VI is located off of Holcomb Bridge Road, within the Town of Norcross, and is comprised of nine separate buildings. “We see tremendous upside potential for Crossings Centers IV & VI,” said John MacDonell, Asset manager for SugarOak. “We will move aggressively to revitalize the properties and are confident that they can once again be two of the premier office parks within the area.” About SugarOak Properties SugarOak is a full service real estate company offering investment, management, and construction services across multiple property types. Headquartered in Herndon, Virginia, SugarOak has ownership interests and management portfolios across the US and Canada.