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Roanoke, Virginia 24011
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Poe & Cronk Announces Sale of Former Johnson & Johnson Airport Road Facility

Carilion Consolidated Laboratory will be the new occupant

Carilion Consolidated Laboratory to move into Johnson & Johnson Lens Group Facility ROANOKE, VA - April 21, 2006 - Poe & Cronk Real Estate Group today announced the sale of the former Johnson & Johnson Spectacle Lens Group facility to Carilion Consolidated Laboratory, according to Dennis Cronk, the broker responsible for the sale. The 6.4 Acre site located at 5568 Airport Road in the City of Roanoke sold for $3,330,000. Poe & Cronk handled the original lease to Innotech, Incorporated and later the expansion for Johnson & Johnson as the result of their purchase of the company. The 60,000 square foot facility served as the firm's corporate headquarters in addition to manufacturing, research and development.

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Poe & Cronk (www.poecronk.com) is locally owned and internationally recognized as a leading full-service commercial real estate company. A team of real estate professionals with more than 200 combined years of experience offers expertise in marketing and managing commercial, industrial and investment properties. Organized in 1987, Poe & Cronk provides comprehensive commercial, industrial and investment real estate services throughout Western Virginia.