MWV & The Rockefeller Group Announce Construction of First Building at Nexton™

MWV & The Rockefeller Group Announce Construction of First Building at Nexton™

SUMMERVILLE, SC – February 21, 2013 – (RealEstateRama) — MeadWestvaco Corporation (NYSE: MWV) and The Rockefeller Group today began construction on the first building to be developed in the 4,500 acre master planned community, Nexton. The 100,000-square-foot building is designed to achieve LEED® certification and will be situated at the entry point of the Class A campus that will include offices, hotels, apartments, parks and trails, and many choices for dining, entertainment and shopping.

Strategically located at I-26 and US Highway 17A, between exit 199 and the future exit 197, Nexton is a community planned for the way people live today and with an eye towards tomorrow.

“Nexton is grounded in several cornerstones — technology; choices; and healthy, efficient living,“ commented Kenneth T. Seeger, president, MWV Community Development and Land Management. “This new building will be a focal point for the first phase of Nexton, showcasing our vision of quality and sustainability.”

Summerville’s Mayor Bill Collins praised the project.   “Summerville continues to grow rapidly. That growth needs to be managed properly to assure that our quality of life in the Flowertown is not diminished. MWV’s comprehensive Nexton project should be a game changer for our town and the region. MWV’s corporate office will be the largest single office building permitted in Summerville in recent memory and the first Class A space in our town. I salute MWV on this milestone and look forward to seeing other commercial buildings in Nexton come to fruition.”

Berkeley County Supervisor Dan Davis lauded the project’s impact on the growth of the County. “Today’s groundbreaking is another step in bringing jobs to Berkeley County. With Nexton’s proximity to the Jedburg Distribution Cluster and the new 197 interchange slated to open in the future, the County and the Region are ideally positioned for strong economic growth. We are looking forward to more announcements as the year progresses.”

The four-story building will feature contemporary design, LED external lighting and native plants in the landscaping. High efficiency vehicle spaces in prime locations will be provided along with bike racks to encourage alternative modes of transportation. A portion of the Class A office space will house MWV Community Development and Land Management, while the remaining office space will be available for lease through Colliers International.

“The Rockefeller Group is thrilled to be developing office space with MWV in Nexton,” commented Ed Guiltinan, vice president and regional director of development for The Rockefeller Group. “Nexton offers convenient access to the entire Charleston region and provides an excellent alternative to companies that want outstanding office space but do not need to be located in downtown Charleston. The office space we are developing will be high-quality, Class-A space, which will be unique in the Summerville market and for which we anticipate strong demand.”

Charleston-based, Landmark Construction will complete the site work. Choate Construction has been named the general contractor for the building.

For more information on Nexton, call 843.851.4888 or visit nextonsc.com.

About MWV
MeadWestvaco Corporation (NYSE: MWV) is a global packaging company providing innovative solutions to the world’s most admired brands in the healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries. The company also produces specialty chemicals for the automotive, energy, and infrastructure industries and maximizes the value of its land holdings through forestry operations, property development and land sales. MWV’s network of 125 facilities and 16,000 employees spans North America, South America, Europe and Asia. The company has been recognized for financial performance and environmental stewardship with a place on the Dow Jones Sustainability World Index every year since 2005. Learn more at mwv.com.

About The Rockefeller Group
The Rockefeller Group is a leading global real estate owner, developer and investment manager. For more than 80 years the company has played a major role in some of America’s most significant and recognizable real estate endeavors, beginning with the development of Rockefeller Center in midtown Manhattan, which remains widely regarded as among the world’s finest urban mixed-use complexes. Since 2008, the company has completed approximately 5 million square feet of office and industrial development in the United States.

Media:
MeadWestvaco
Jennifer Howard
843-851-4610

Media:
The Rockefeller Group
Dwayne Doherty
212-282-2130

Investor Relations:
John Hobbs
Plumb Creek
1-800-858-5347

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