4th Quarter Activity at Combined Properties

Leasing activity at Combined Properties remained constant for the 4th Quarter of 2012 with total portfolio year-end occupancy above 94%. During this quarter40,658 SF of retail space was leased and 13 stores occupying 86,404 SF opened for business.

New leases during the 4th quarter include:

•   8,624 SF Royal Jade Chinese Restaurant at Greenway Center (Greenbelt, MD)
•   5,250 SF Honey Clouds Spa & Salon at Granada Hills Town Center (Granada, CA)
•   4,109 SF Anytime Fitness at Rose Hill Plaza (Alexandria, VA)
•   3,656 SF Golden West Properties at 9320 Wilshire Blvd (Beverly Hills, CA)
•   2,851 SF Batteries Plus at Sully Plaza (Chantilly, VA)
•   2,714 SF Arelis Dominican Hair Salon at Maryland City Plaza (Laurel, MD)
•   2,000 SF Curry House CoCo Ichibanya at Brentwood Place (Los Angeles, CA)
•   1,793 SF Firehouse Subs at Sugarland Crossing (Sterling, VA)
•   1,250 SF PML Gold Exchange at Fairfax Circle Plaza (Fairfax, VA)
•   1,205 SF Great Clips at Turnpike Shopping Center (Fairfax, VA)
•   1,176 SF Flippin’ Pizza at Turnpike Shopping Center (Fairfax, VA)

The following stores opened in the 4th quarter:

• 20,150 SF One Life Fitness at Rolling Valley Mall (Burke, VA)
• 18,844 SF Aldi at Sully Plaza (Chantilly, VA)
• 16,500 SF Planet Fitness at Charles County Plaza (Waldorf, MD)
•   5,275 SF Enshin Karate at Fairfax Circle Plaza (Fairfax, VA)
•   4,000 SF PB & Jack at Turnpike Shopping Center (Fairfax, VA)
•   3,565 SF Baby Blossom at Turnpike Shopping Center (Fairfax, VA)
•   3,340 SF Greenway Center Dentistry at Greenway Center (Greenbelt, MD)
•   3,200 SF Taste of Hong Kong at Sully Plaza (Chantilly, VA)
•   2,930 SF Sattler & Assoc. at 9320 Wilshire Blvd (Beverly Hills, CA)
•   2,500 SF Elevation Burger at Turnpike Shopping Center (Fairfax, VA)
•   1,725 SF Sally Beauty Supply at 40 West Plaza (Baltimore, MD)
•   1,625 SF Boost Mobile at Rose Hill Plaza (Alexandria, VA)
•   1,500 SF Tokyo Grill at Courthouse Plaza (Fairfax, VA)
•   1,250 SF PML Gold Exchange at Fairfax Circle Plaza (Fairfax, VA)

Construction is well underway on the redevelopment of Turnpike Shopping Center, a 104,000 SF center located in Fairfax, VA. Highlights include an updated façade, new leases totaling 74,458 SF and the reconfiguration of the side of the building (fronting Pickett Road) to provide new storefronts with outdoor seating and convenient parking. The majority of the center is leased in advance of construction being completed this spring.

turnpike2
Turnpike Shopping Center (Fairfax, VA)

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 $400 million 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: www.combined.biz