JACKSONVILLE, FL -- Flagler|Codina development ("Flagler|Codina"), the commercial real estate operation of Florida East Coast Industries, Inc. (NYSE:FLA) ("FECI"), has promoted G. S. "Steve" Arnold to Executive Vice President of Design/Construction Services. Mr. Arnold, also named President of Flagler|Codina Construction, will divide his time between Jacksonville and Miami.
Mr. Arnold, previously Vice President Design & Construction for Flagler development Company, will now be responsible for the management of the design/construction team on all projects across all Flagler|Codina markets. The department hires and manages designers and contractors, including the architects and engineers, throughout the development process. Mr. Arnold has more than 30 years of development and construction management experience, and has been employed by The St. Joe Company and various general contractors, including McDevitt & Street Company and Blount International, Ltd.
"Steve has a wealth of experience in the design/construction field, and he is an important resource to our company," said Jose Hevia, Flagler|Codina's Chief Operating Officer. "We look forward to having him lead our design/construction team."
Flagler|Codina development (Flagler|Codina) owns, leases and manages approximately 8.1 million square feet of Class-A office and industrial space, as well as an additional 575,000 square feet under construction. Flagler|Codina space consists of Class-A office and industrial properties, primarily in Jacksonville, Orlando, Ft. Lauderdale and Miami. In addition, Flagler|Codina owns 586 acres of entitled land in Florida, which is available for development of up to an additional 9.4 million square feet, and owns approximately 2,540 acres of other Florida properties. For more information, visit the Company's website at http://www.flaglerdev.com/ .
Florida East Coast Industries, Inc., (FECI) headquartered in St. Augustine, FL, conducts operations through Flagler|Codina development (Flagler|Codina) and Florida East Coast Railway, L.L.C (FECR). FECI conducts its real estate operations through Flagler|Codina development (Flagler|Codina). Flagler|Codina owns 8.1 million square feet of commercial and industrial space, as well as an additional 575,000 square feet under construction, and owns approximately 678 acres of entitled land and approximately 3,137 acres of additional Florida properties. In addition, FECI holds additional properties in joint ventures with partners such as AMB Properties and JP Morgan. Florida East Coast Railway, L.L.C. (FECR), a subsidiary of FECI, is a regional freight railroad that operates 351 miles of mainline track from Jacksonville to Miami and provides intermodal drayage services at terminals located in Atlanta, Jacksonville and Miami. For more information, visit the Company's website at http://www.feci.com/ .
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include the Company's present expectations or beliefs concerning future events. These statements may be identified by the use of words like "plan," "expect," "see," "aim," "believe," "project," "anticipate," "intend," "estimate," "will," "should," "could," "may," and other expressions that indicate future events and trends. The Company cautions that such statements are necessarily based on certain assumptions, which are subject to risks and uncertainties that could cause actual results to materially differ from those contained in these forward-looking statements. Important factors that could cause such differences include, but are not limited to, changes in the general and local real estate market or in general economic conditions, and other risks inherent in the real estate business. Further information on these and other risk factors is included in the Company's filings with Securities and Exchange Commission, including the Company's most recently filed Forms 10-K and 10-Q. The Company assumes no obligation to update the information contained in this news release, which speaks only as of its date.
Source: Florida East Coast Industries, Inc.
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CONTACT: Rosemary S. Jackson, Director, Marketing and Public Relations,
Flagler|Codina Development, +1-904-565-4107, or rjackson@flaglerdev.com
Web site: http://www.feci.com/
http://www.flaglerdev.com/
About This Release
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