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Clark Realty Builders Completes England Run North Townhomes

October 15, 2001

STAFFORD COUNTY, Va. — Clark Realty Builders (CRB)* has substantially completed the construction of England Run North Townhomes three months ahead of the owner's schedule and within budget. The 120-unit community began leasing in August.

Clark Realty Builders Completes England Run North Townhomes Press Release Image

England Run North Townhomes

CRB built the project for repeat client RST Development, L.L.C. of Virginia Beach. Including work under construction, Clark Realty Builders has worked with RST on six townhome projects in Virginia and Maryland for a total of 900 units.

England Run North Townhomes offers 120 spacious residences with an average of 1,600 square feet each. The 19 two-story buildings provide a choice of three- or four-bedroom floor plans, both with two and a half baths.

The development is located in England Run, a planned community which will eventually include more than 2,000 homes. England Run is conveniently located just minutes from Interstate 95 in Stafford County.

The affordable housing community provides residents the opportunity to live in large townhomes with amenities similar to single family homes. Every residence features a washer and dryer, large kitchen, and patio. Recreational amenities include a clubhouse with a pool, tot lot, and walking trails.

The wood-frame townhome community was designed by Warner & Associates.

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* Clark Realty Builders (CRB) is a national, multifamily general contractor which was recently ranked as the sixth largest such firm in the U.S. by Builder magazine. CRB had revenues of $200 million in the year 2000, with 80% of its work from third-party owners and developers.

CRB is a subsidiary of Clark Enterprises, Inc., which also owns The Clark Construction Group, the nation's largest private general building contractor with approximately $2 billion in annual revenues. More information about CRB can be found on the Internet at www.clarkrealty.com.

About Clark Realty

The Clark Realty companies offer a full spectrum of services to the real estate industry including investment, development, construction, property management, capital markets, and advisory. More information about Clark Realty can be found on the Internet at www.clarkrealty.com.