Crocker Park Statement Re: American Greetings

CLEVELAND, Nov. 28, 2012 /PRNewswire/ -- "Because of the legal issues involved in taking any public company private, we understand that it is not an opportune time to finalize our transaction with American Greetings for its new world headquarters at Crocker Park until the privatization process is completed," said Robert Stark, chief executive officer, Stark Enterprises. "We continue to actively work on the project with the City of Westlake and American Greetings in anticipation of a closing and commencing of construction in the first quarter of 2013. The original schedule for the new $400 million expansion of Crocker Park and the opening of new retail stores and apartments at Crocker Park in 2014 remains the same."

About Stark Enterprises:

Stark Enterprises is a full service development, leasing, construction and management company headquartered in Cleveland, Ohio. Members of the Stark Enterprises team bring the highest level of expertise in all phases of real estate of all types. Collectively they have shepherded over 20 million square feet of real estate development. In addition, Stark Enterprises acts as its own general contractor through its subsidiary, Arbor Construction, provides award winning landscape design and first class maintenance services through its subsidiary, Exterior Services and leases its own properties to tenants of the highest quality. Properties managed by Stark Enterprises and its subsidiaries are continually recognized by its customers, industry organizations and leaders as among the most beautiful, well-operated and maintained properties in the nation. For more information, visit www.starkenterprises.com.

SOURCE Stark Enterprises