Largest steel recycler in U.S. comes to Poinciana Industrial Park

January 24, 2007

Nucor Corporation (NYSE:NUE), the largest steel recycler in the United States and one of the nation’s largest producers of steel products, will soon join a growing list of nationally and internationally recognized tenants in Poinciana Office & Industrial Park.

The Charlotte, North Carolina-based company which maintains facilities in 19 states, plans to build a 2,000 sq. ft. office and storage facility on a 12.01-acre site on Mercantile Lane. Nucor purchased the site, located just west of Poinciana Boulevard, from Avatar Properties Inc., developer of the 1,545-acre park which is the largest industrial park in Osceola County.

Last December, Osceola County commissioners approved Nucor’s development plan, and the county’s Economic Development Department granted the company fast-track permitting for the project.

Nucor, recognized as the largest recycler of any material in America, including the nation’s entire aluminum can industry, recycled over 20 million tons of scrap steel last year, with over 5 million of those tons coming from automobiles.

The company and its affiliates also manufacture steel products including carbon and alloy

steel - in bars, beams, sheet and plate, steel joists and joist girders, steel deck, cold finished steel, steel fasteners, metal building systems, and light gauge steel framing.

Nucor posted net sales of $11.28 billion for the first nine months of 2006, an increase of 19 percent over sales during the same period in 2005 when the company reported net sales of $12.7 billion for the year.

Poinciana Office & Industrial Park currently has nearly 3.5 million square feet under roof and some 2,200 employees, many residents of Poinciana, the 47,000-acre master-planned community also being developed by Avatar, the community’s primary homebuilder.

Other tenants in Poinciana Office & Industrial Park include Lowe’s Home Improvement Warehouse and its $73 million regional distribution warehouse; Nursery Supplies, Inc., the world’s largest manufacturer of molded plastic plant containers for the wholesale industry; Jeld-Wen doors

and windows (formerly DoorCraft of Florida), Osceola’s 1998 Industry of the Year; Windsor Metal

Finishing, winner of the 2004 Sustainable Florida Best Practices Award for Small Business for its use of environmentally-friendly technology; Cargill, Inc. (Nutrena Feed Division); PepsiCo Beverages & Foods/Gatorade (formerly Quaker Oats); MultiFoods; P.R. Manufacturing; McLane/SunEast; Symbol Mattress Company; Florida Power Corporation; Lehigh Cement; Amtrak; Texaco; 7-Eleven; Williams Properties, Ltd.; SSI Properties, Inc.; Commercial Metals Company (dba SMI Steel Fabricators of Florida); Chalifoux Management Group; United States Cold Storage; Nucor Steel Birmingham, Inc.; Heritage Jabez V LLC; Joe Adino; Small Bay Partners and Poinciana Commerce Center LLC; Godhino Properties LLC; and Giron Investment LLC.

For more information about Poinciana Office & Industrial Park, contact Hank Yunes, Avatar’s vice president of commercial operations, at (305) 442-7000, or Tony Iorio, Avatar’s vice president of land development, at (407) 933-5000.

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