SAGLO Development Corporation announces BankAtlantic deal


SAGLO Development Corporation Announces BankAtlantic Deal
By DM Ross Winstead Inc.

MIAMI, Fla., (September 26, 2006) – Saglo Development Corporation, today announced that it has executed a five year lease with BankAtlantic for 3,320 square feet at Country Walk Plaza located in Kendall, Fla.  With this lease, Country Walk Plaza is at 100 percent occupancy.

“When we commit to the development of a Saglo Shopping Center, as we did five years ago with the acquisition of Country Walk Plaza, we commit to providing that community with a superior shopping experience in a clean, safe and desirable environment,” said Jack Glottmann, President of Saglo Development Corporation.  “That is why we are delighted to add BankAtlantic to our family of retail partners at Country Walk – they are a perfect compliment to our existing tenants in this property.”

Marielle de La Hoz, leasing associate with Saglo Development Corporation, represented the landlord, while Bob Wasilewski, Senior, Vice President of BankAtlantic and Anthony V. Cervone, Centre-Line Real Estate Services, represented the tenant.

"BankAtlantic is thrilled to have signed this deal for a new BankAtlantic store at Country Walk Plaza," said Wasilewski,  "As Florida’s Most Convenient Bank, we continue to redefine bankers’ hours, by being open 7 days a week from 7:30 a.m. to 8 p.m., and making banking more convenient for the customer.  The location and facilities at Country Walk Plaza certainly allow us to deliver on this promise once again."

Country Walk Plaza is a 99,329-square-foot center located on the northwest corner of S.W. 152nd Street and 137th Avenue in Kendall.  Anchored by Publix Super Markets, other tenants include Starbucks, CVS Pharmacy, Blockbuster, Subway, GNC, Cingular Wireless and Payless Shoes.

About Saglo Development Corporation
Saglo Development Corporation is a Miami, Fla.–based commercial real-estate development business that specializes in the acquisition, renovation and management of neighborhood and community shopping centers in South Florida.  Founded in 1976, Saglo is family owned-and-operated with 11 properties totaling 760,000 square feet.  For more information about Saglo Development Corporation visit www.saglo.com or call (305) 868-5131.

About BankAtlantic
BankAtlantic, "Florida's Most Convenient Bank", with $6 billion in assets and more than 80 stores is one of the largest financial institutions headquartered in Florida and provides a comprehensive offering of banking services and products via its broad network of community stores throughout Florida and its online banking division - BankAtlantic.com. BankAtlantic operates more than 250 conveniently located ATMs. BankAtlantic is open 7 days a week* and offers holiday hours, extended weekday hours, including several stores open until midnight, Totally Free Online Banking & Bill Pay, 24/7 Customer Service Center, Totally Free Change Exchange coin counters and free retail and business checking with a free gift.  For further information visit www.BankAtlantic.com


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