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Poe & Cronk Real Estate Group
10 S. Jefferson Street
Suite 1200
Roanoke, Virginia 24011
540-982-2444
pcfirm@poecronk.com

The Tower, Roanoke, Virginia
Occupancy Rates Remain Stable in Roanoke Valley for 2010
TPoe & Cronk Real Estate Group released the results of its 23rd Annual Office Market Survey today reporting overall occupancy rates experienced a slight decrease as compared to the 2009 survey.

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Poe & Cronk Announces the sale of Applebee’s at 2790 Market Street, Christiansburg, VA
Thomas M. Hubard, CCIM CPM represented the Purchaser in this transaction.

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Poe & Cronk Announces 7,700 SF warehouse leased to Pro Logics at Lakeside Retail Center, Salem, Virginia
Cindy Fendley, CCIM represented the owner in the transaction and Doug Wright represented the tenant.

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Poe & Cronk Announces the Sale of Investment Property in Chatham, Virginia
Matt Huff and Dennis Cronk represented the Seller in these negotiations.

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Ben Harris, CCIM Joins Poe & Cronk Real Estate Group
Ben Harris,CCIM has joined Poe & Cronk Real Estate Group, where he will specialize in both the sales and leasing of commercial, industrial, and investment properties.

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Poe & Cronk Announces the Sale of Mix Use Office Building on Kimball Avenue near Hotel Roanoke
Matt Huff and Dennis Cronk handled the sale for the Seller in this transaction.

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Poe & Cronk Announces the Sale of Office/Warehouse Building near Hotel Roanoke
Matt Huff and Dennis Cronk handled the sale on behalf of the Seller.

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Poe & Cronk Announces the Sale of the Former Advance Auto Warehouse
Cindy Fendley, CCIM and Richard Wellford, CCIM represented the owner in this transaction.

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Poe & Cronk Selects ePropertyData as its Commercial Information Exchange Provider
Owned by the National Association of REALTORS® (NAR), ePropertyData will develop a custom platform that enables brokers to operate more efficiently while providing superior services to their clients.

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IHOP to Open in Former Fuddruckers Building in Salem
Poe & Cronk Real Estate Group announces the sale of an 8,000 SF restaurant building, located at 201 Electric Road, Salem, Virginia, to SS Acquisition, LLC.

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Former Moody Graphics Building Sells to Local Investment Group
A&M Enterprises, LP, a local investment group, purchased the 14,027 SF building for $900,000.

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10,771 SF Office Building Sales in Historic Old SW Roanoke
Peter Ostaseski, CCIM represented the Seller.

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Poe & Cronk Announces the Sale of 10.98 Acre Site on Peters Creek Road in the City of Roanoke
The parcel is located near the intersection of Cove and Peters Creek Road.

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Poe & Cronk Announces the Sale of Investment Property on Brambleton Avenue
The property is currently under lease to multiple tenants.

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Poe & Cronk Announces the Sale of a 37,000 SF Building in Downtown Roanoke
Darrell Morris represented the Purchaser in the transaction.

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Poe & Cronk Announces the Sale of Ritz Camera Located on Colonial Avenue
This Commercial Retail building was purchased by Photo USA for $425.000.

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Poe & Cronk Announces the Sale of Lakeside Retail Center, Salem, Virginia
The 20,000 SF Building located at 227 Electric Road (Route 419), Salem sold for $1.17 Million.

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ITT Technical College signs Longterm Lease for 18,800SF at Lee Hi Business Center, Salem, VA
Poe & Cronk Real Estate Group handled the negotiations on behalf of the Landlord.

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Coca-Cola Bottling Co. Consolidated Signs Lease for 75,000 SF Distribution Center
Poe & Cronk handled the negotiations on behalf of the Landlord.

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Poe & Cronk Announces the Sale of Spartan Road Medical Clinic, Salem, Virginia
The 7,856 SF Medical Office Building sold for $600,000.

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Audiotronics to Open Second Location on Peters Creek Road
Poe & Cronk Real Estate Group today announced the sale of former auto dealership located at 6902 Peters Creek Road, Roanoke, Virginia.

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Medical Arts Building Sold - 16,000 SF Medical and Office Building
Poe & Cronk Real Estate Group today announced the sale of the Medical Arts Building in Christiansburg, VA.

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Cronk Named to Virginia Chamber of Commerce Board
The Virginia Chamber of Commerce has named Dennis R. Cronk as a member of its Board of Directors.

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Occupancy Rates Remain Steady in Roanoke Valley
Poe & Cronk Real Estate Group released the results of its 22nd Annual Office Market Survey reporting overall occupancy rates remain the same as compared to the 2008 survey.

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Poe & Cronk Announces the Sale of 11,665 SF Office Building on Peters Creek Road
Cindy Fendley represented the Purchaser and Barry Ward represented the Seller.

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Poe & Cronk Announces the Sale of Former Auto Dealership on Franklin Road in the City of Roanoke
The former home of Mercedes and Volvo new car dealer West Motor Sales.

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Bryan Musselwhite Joins Poe & Cronk Real Estate Group
Bryan Musselwhite, a native of the Roanoke area, is an agent with Poe & Cronk Real Estate Group where he specializes in commercial and investment sales and leasing.

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Ostaseski Awarded CCIM Designation
Peter Ostaseski of Poe & Cronk Real Estate Group has been awarded the Certified Commercial Investment Member (CCIM) designation by the CCIM Institute.

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Former NBC Bank Building Sold
Poe & Cronk Real Estate Group represented the Seller.

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Matt Huff Joins Poe & Cronk Real Estate Group
Matt Huff, a native of the Roanoke area, is an agent with Poe & Cronk Real Estate Group where he specializes in both the sales and leasing of commercial, industrial, and investment properties.

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Long-Term Lease Signed by Commonwealth of Virginia for New DMV Customer Service Center
DMV Roanoke Office to relocate to Valleypointe Office Park in 2009.

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Salem VA Medical Center Federal Credit Union Purchased Land for Future Home in Downtown Salem
Peter Ostaseski of Poe & Cronk Real Estate Group represented the Purchaser

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Timberbrook Properties Purchases Properties in City
Poe & Cronk Real Estate Group represented the Purchaser
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Cindy Fendley, CCIM Honored by Commercial Investment Real Estate Magazine
Rising Star featured in the July/August issue in the International publication of the Commercial Investment Real Estate Magazine.

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Milan Tobacconists Relocating Their 96-Year-Old Business in Historic Downtown Roanoke
Dennis Cronk represented the Purchaser and Cindy Fendley represented the Owner.

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Poe & Cronk Announces the Sale of 7,000 SF Office/Retail Building on Brambleton Avenue
Poe & Cronk Real Estate Group today announced the sale of 3643 Brambleton Avenue, Roanoke, Virginia.

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Congratulations to the 2007 Top Producer Award Winners
Poe & Cronk Real Estate Group takes great pride in recognizing those who have excelled in both Sales and Leasing during 2007.

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Poe & Cronk Announces Sale of Billy's Ritz Building in Historic Downtown Roanoke
Cindy Fendley, CCIM and Barry Ward were responsible for bringing about the sale.

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Roger Jackson Joins Poe & Cronk Real Estate Group
Roger Jackson has joined Poe & Cronk Real Estate Group as Commercial Property Manager.

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Occupancy Rates Shoot up in Roanoke Valley
2007 Occupancy in Downtown Roanoke Highest in Over 20 Years.

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Poe & Cronk Announces Sale of Former Yellow Cab Property in Downtown Roanoke
Thom Hubard and Dennis Cronk represented the owners in the sale of the property.

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Poe & Cronk Selected as Exclusive Leasing and Management Representative for 550,000 SF Building Located in Radford, Virginia Owned by Time Equities, Inc.
Poe & Cronk Real Estate Group has been selected as the Exclusive Leasing and Management Representative for the 550,000 SF building located in Radford, Virginia.

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Poe & Cronk Announces the Sale of Southwood Manor Home and 7 Acres of Development Land
Darrell Morris of Poe & Cronk Real Estate Group announces the sale of the Southwood Development to ICON Development, LLC.

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ITT Corporation Signs Lease for a 15,233 S.F. R&D Facility
Poe & Cronk handled the negotiations on behalf of the landlord.

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Poe & Cronk Announces 58,000 S.F. Lease with Synchrony, Inc. at Valley Tech Park, Roanoke, Virginia
The Valley Tech Manufacturing Facility was originally constructed and occupied by Rusco, a locally owned manfacturer of windows.

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Poe & Cronk Announces the Sale of Elizabeth Heights Townhomes in Salem, Virginia for $1,216,250
Agent Cindy Fendley was the agent responsible for the transaction.

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Cronk Inducted into Hall of Fame
Dennis R. Cronk, CCIM, CIPS, CRE was inducted into the Virginia REALTOR® Hall of Fame.

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Congratulations to the 2006 Top Producer Award Winners
Poe & Cronk Real Estate Group takes great pride in recognizing those who have excelled in both Sales and Leasing during 2006.

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Office Vacancies Spring Up in Valley
According to a study, the area has seen a drop in office occupancy rates.

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Poe & Cronk Announces Sale of Lynchburg Parking Garage
Poe & Cronk Real Estate Group today announced the sale of the three-story parking garage located at 1001 Commerce Street in Downtown Lynchburg, Virginia.

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Poe & Cronk Announces Sale of Former Winn-Dixie in Rocky Mount, Virginia
Poe & Cronk Real Estate Group today announced the sale of the former Winn-Dixie to Franklin County, according to Dennis Cronk, the broker responsible for the sale.

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Poe & Cronk Selected as Exclusive Leasing and Management Representative for the Fountain Square Building
The Healthcare Division of Poe & Cronk Real Estate Group announced today that Poe & Cronk has been selected as the Exclusive Leasing and Management Representative for the Fountain Square Building located at 1315 Second Street, in the City of Roanoke.

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Doug Wright Joins Poe & Cronk Real Estate Group
W. Douglas Wright, Roanoke, Virginia, has joined Poe & Cronk Real Estate Group, Roanoke, Virginia, as an agent. He specialized in land development, commercial and industrial development projects, acquisitions and leasing.

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Poe & Cronk Selected to Serve as the Exclusive Leasing and Management Representative by Healthcare Realty Trust
Healthcare Realty Trust Incorporated, a real estate investment trust that integrates owning, managing and developing properties associated with the delivery of healthcare services throughout the United States selected Poe & Cronk as the Exclusive Leasing and Management Representative for its real estate portfolio in Salem, Roanoke and New River Valley.

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Poe & Cronk Announces Sale of Former Johnson & Johnson Airport Road Facility
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.

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Downtown Shows Jump in Occupancy Rate
Office occupancy rates in the Central Business District of downtown Roanoke increased to 94 percent last year. "This marks a 5 percent jump since 2001 and is a positive indicator of economic strength for our community," said Dennis R. Cronk, president and CEO of Poe & Cronk Real Estate Group.

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Virginia Premiere Moves to Valley View Professional Building
Virginia Premiere, Inc., a full service Medicaid HMO, is relocating to the Valley View Professional Building, where it will occupy nearly 12,000 square feet. Poe & Cronk Real Estate Group Healthcare Division announced the relocation handled by broker Richard Wellford.

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Poe & Cronk Names Chief Financial Officer
Sherry Lawrence has been promoted to Chief Financial Officer of Poe & Cronk Real Estate Group. She joined the firm in 1993 and served as controller since that time. A Roanoke Valley native, she has an extensive background in financial management.

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Poe & Cronk Represents Ntelos, Inc. in 15,620 Square Foot Lease in the Ntelos Call Center Building, Clifton Forge, Virginia
Poe & Cronk represented the landlord in a long-term lease for 15,620 square foot for TransCore LP in Clifton Forge, VA. Poe & Cronk's Bill Poe, CCIM, SIOR represented Ntelos, Inc in the transaction.

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Poe & Cronk Selected as Exclusive Leasing and Management Representative for the Thomas B. Mason Federal Building
Poe & Cronk has been selected as the Exclusive Leasing and Management Representative for the Thomas B. Mason Federal Building located at 101 Franklin Road, a 44,541 square foot office building located in downtown Roanoke.

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Poe & Cronk Names Senior Vice President
Thomas M. Hubard has been promoted to senior vice president of Poe & Cronk. He joined the firm in 1987 and has been the recipient of numerous sales and leasing awards as a specialist in the areas of office, retail investment and owner occupied properties throughout Western Virginia.

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Poe & Cronk Names New Property Manager
Stephen R. Stimeling II has been named Property Manager for Poe & Cronk Real Estate Group. As Property Manager for Poe & Cronk, Stimeling oversees the day-to-day systems and operations of the Wachovia Tower and the Thomas Mason Federal Office Building.

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Poe & Cronk Represents American Healthcare in 12,500 Square Foot Lease in Tanglewood Executive Park in Roanoke, Virginia
Poe & Cronk negotiated a long term lease, a 12,500 square foot lease for American Health Care in Tanglewood Executive Park, located at 5372 Fallowater Lane in Roanoke, Virginia. Poe & Cronk's Richard Wellford, CCIM, CPM and Dennis Cronk, CCIM, CIPS, CRE represented American Healthcare, LLC in the transaction.

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Poe & Cronk Selected to Serve as the Exclusive Leasing and Management Representative for the Wachovia Tower in Downtown Roanoke
Poe & Cronk Real Estate Group has been chosen as the Exclusive Leasing and Management Representative for the Wachovia Tower, the premier office building in western Virginia. Opened in 1991,the Wachovia Tower is one of the largest office buildings in Virginia.

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Peter Ostaseski Joins Poe & Cronk Real Estate Group
Peter Ostaseski has joined Poe & Cronk Real Estate Group as an agent. He specializes in commercial and investment sales, leasing and commercial user properties. Ostaseski brings 30 years of business experience to his new position.

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Newsome Awarded CCIM Designation
Cindy Newsome of Poe & Cronk Real Estate Group has been awarded the Certified Commercial Investment Member (CCIM) designation by the CCIM Institute. A graduate of Virginia Wesleyan College, Newsome joined Poe & Cronk in 2001 after being a corporate accountant.

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