2^nd QUARTER ACTIVITY AT COMBINED PROPERTIES

Washington, DC (July 18, 2014) — Leasing activity at Combined Properties was solid during the 2^nd quarter with  25,476 SF of retail space leased and 5 stores occupying 17,758 SF opening for business.

New leases during the 2^nd quarter include:

• Sleepy’s, 6,540 SF at Maryland City Plaza (Laurel, MD)
• Lima’s Chicken, 4,500 SF at 40 West Plaza (Baltimore, MD)
• Massage Envy Spa, 3,252 SF at Brentwood Place (Los Angeles, CA)
• Arelis Glamour, 2,714 SF at Maryland City Plaza (Laurel, MD)
• The Bar Method, 2,426 SF at Studio City Plaza (Studio City, CA)
• Banyan Tree South Asian Grill, 2,119 SF at Turnpike Shoping Center (Fairfax, VA)
• Chantilly Smiles, 1,600 SF at Sully Plaza (Chantilly, VA)
• Yohielo Frozen Yogurt, 1,200 SF at Charles County Plaza (Waldorf, MD)
• 9 Rounds Kickboxing, 1,125 SF at Maryland City Plaza (Laurel, MD)

The following stores opened in the 2^nd quarter:

• Sleepy’s, 6,540 SF at Maryland City Plaza (Laurel, MD)
• Q Plus, 5,118 SF at Loehmanns Plaza (Reseda, CA)
• Pho Kevin, 3,000 SF at Maryland City Plaza (Laurel, MD)
• Peets Coffee, 1,800 SF at Turnpike Shopping Center (Fairfax, VA)
• Nail Bar & Spa, 1,300 SF at Foothill Ranch Towne Centre (Lake Forest, CA)

During the first 6 months of 2014, Combined Properties 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