4^th QUARTER ACTIVITY AT COMBINED PROPERTIES

Washington, DC (January 19, 2015) — Leasing activity at Combined Properties was strong during the 4^th quarter with 67,022 SF of retail space leased and 8 stores occupying 26,744 SF opening for business.

 
New leases during the 4^th quarter include:

• Regency Furniture, 38,817 SF at 40 West Plaza (Baltimore, MD)
• NHC Health Management Corp, 8,667 SF at 9320 Wilshire Boulevard (Beverly Hills, CA)
• PM Pediatrics, 8, 603 SF at Greenway Center (Greenbelt, MD)
• Dunkin’ Doughnuts, 2,700 SF at College Plaza (Rockville, MD)
• Modern Kitchen & Home Solutions, 2,495 SF at Sugarland Crossing (Sterling, VA)
• Creation Station, 1,390 SF at 40 West Plaza (Baltimore, MD)
• NatureCare Pharmacy, 1,350 SF at 40 West Plaza (Baltimore, MD)
• Vita Haus Supplements, 1,200 SF at Charles County Plaza (Waldorf, MD)
• Garima’s Brows, 900 SF at Mart of Montebello (Montebello, CA)
• M & H Watch & Jewelry, 900 SF at Sugarland Crossing (Sterling, VA)

 
The following businesses opened in the 4^th quarter:

• NHC Health Management Corp, 8,667 SF 9320 Wilshire Boulevard
• Dollar Plus, 6,000 SF at Manaport Plaza (Manassas, VA)
• Lima’s Chicken, 4,500 SF at 40 West Plaza (Baltimore, MD)
• Pie Five Pizza Co., 2,552 SF at Sugarland Crossing (Sterling, VA)
• Chantilly Smiles, 1,600 SF at Sully Plaza (Chantilly, VA)
• Weight Watchers, 1,600 SF at Turnpike Shopping Center (Fairfax, VA)
• Belgium Waffle Haus, 1,325 SF at Granada Hills Town Center (Granada Hills, CA)
• Metro PCS, 500 SF at Rose Hill Plaza (Alexandria, VA)

 
2014 was a great year for Combined Properties! 43 new leases were signed, totaling 222,207 SF raising our occupancy rate to 95%. Additionally, Combined received new or modified entitlements on 3 mixed-use projects:

• Penn Daw (Alexandria, VA) – redevelopment of existing shopping center, replacing it with up to 400 apartments, 41 townhomes and 35,000 – 45,000 SF of retail
• Fairfax Circle (Fairfax, VA) – redevelopment of existing shopping center, replacing it with up to 400 apartments and 88,000 SF of retail
• Kings Road (West Hollywood, CA) – redevelopment of existing office/retail center, replacing it with up to 20 residential units and 6,000 SF of retail

 
Firm Background

Combined Properties, Incorporated is a full-service real estate firm headquartered in Washington, DC with an office in Beverly Hills, CA.   Founded in 1984, Combined Properties has consistently been ranked as one of the top private owners of retail centers in the Washington metropolitan area.  With a portfolio comprised of 5 million square feet and a $1 billion development pipeline, the firm is now branching out from its concentration in retail real estate by applying its multidisciplinary expertise in the areas of development, asset management, leasing, and finance, to developing innovative mixed-use properties.

For more information visit our website:  dev.soe.io/combined