4th Quarter Aquisition & Leasing Activities at Combined Properties

The final months of 2011 brought much success to Combined Properties! With a unanimous vote by the Culver City Council in December, Combined Properties – along with its partners Hudson Pacific Properties, Inc. and Ehrlich Architects – was awarded the 9300 Culver Boulevard development project in Culver City, CA. The proposed 3-story, 115,000 SF project is located in the heart of downtown Culver City adjacent to multiple historic and iconic structures including the Culver Hotel and Culver Studios. The Project includes ground-level retail, a four-story office building, and a grand stair that leads pedestrians up to a restaurant pavilion and landscaped Elevated Plaza perched above the existing Town Square.

Leasing activity at Combined was strong leasing during the 4th quarter. Leases representing nearly 90,000 square feet were executed during the October-December period, resulting in (17) new tenants coming to shopping centers managed by Combined Properties. New leases include:

• 24,000 SF Ross Dress for Less at Turnpike Shopping Center (Fairfax, VA)
• 20,150 SF OneLife Fitness at Rolling Valley Mall (Burke, VA)
• 16,500 SF Planet Fitness at Charles County Plaza (Waldorf, MD)
•   8,450 SF Cuby Rock at Mart of Montebello (Montebello, CA)
•   6,300 SF Phenix Salon Suites at 40 West Plaza (Baltimore, MD)
•   2,000 SF Pho Cong Ly at Bradlick Shopping Center (Annandale, VA)
•   2,000 SF Firehouse Subs at Turnpike Shopping Center (Fairfax, VA)
•   1,837 SF Weight Watchers at Studio City Place (Studio City, CA)
•   1,800 SF America’s Best Wings at Enterprise Plaza (Lanham, MD)
•   1,516 SF Flame ‘N Grill at Bradlick Shopping Center (Annandale, VA)
•   1,350 SF Jackson Hewitt at 40 West Plaza (Baltimore, MD)
•   1,125 SF Maryland Tobacco Shop at Maryland City Plaza (Laurel, MD)
•    940 SF Innate Force Chiropractic at Kings Road (West Hollywood, CA)
•    590 SF La Perfumerie at Sunset & Olive (West Hollywood, CA)
•    500 SF Prime Brows at Kings Road (West Hollywood, CA)
•    500 SF No-Name Productions at Kings Road (West Hollywood, CA)
•    199 SF Newspaper & Tobacco at Santa Monica & La Brea (West Hollywood, CA)

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Left to right: The first two floors will house retail, restaurants and a gallery; two floors of glass-clad offices sit above the retail space; outdoor public spaces are layered on several levels.

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The ‘Grand Stair’ at Culver City project in California

Other 4th quarter activity at Combined’s shopping centers includes the following store openings:

• 16,345 SF Dollar Tree at Rolling Valley Mall (Burke, VA)
•   8,450 SF Cuby Rock at Mart of Montebello (Montebello, CA)
•   2,713 SF GameStop at Columbia Road (Washington, DC)
•   2,409 SF AT&T at Santa Monica & La Brea (West Hollywood, CA)
•   2,000 SF Wireless Lifestyle (Sprint) at Brentwood Place (Los Angeles, CA)
•   1,700 SF Jersey Mike’s at Brentwood Place (Los Angeles, CA)
•   1,683 SF Domino’s Pizza at White Flint Plaza (Rockville, MD)
•   1,600 SF Burger King at Rolling Valley Mall (Burke, VA)
•   1,500 SF Jersey Mike’s at Courthouse Plaza (Fairfax, VA)
•   1,313 SF J Michael the Salon at White Flint Plaza (Rockville, MD)

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