OSBORNE CAPITAL GROUP BEGINS $12 MILLION SHOPPING CENTER REDEVELOPMENT

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HIGHLAND HEIGHTS, OHIO — Osborne Capital Group has begun the redevelopment of the 87,000-square-foot former Alpha Plaza retail center located at the interchange of Wilson Mills Road and Interstate 271 in Highland Heights. The development, which is being renamed The Shoppes at Alpha Place, will house 110,000 square feet of retail space. Panera Bread, Verizon Wireless and Shish Grill will tenant the 18,000-square-foot newly constructed component of the center. A freestanding Key Bank branch is also being built as part of project. The project has an estimated gross cost of $12 million. Construction is slated for completion in December, with retailers opening in early 2009.

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