Volume of Retail Deals at Combined Properties Intensifies

Leasing activity at Combined Properties, Incorporated has been vibrant. The end of 2009 produced some substantial new deals:

• 28,000 SF LOL Stations at Charles County Plaza (Waldorf, MD)
• 11,680 SF Fashion Q at Mart of Montebello (Montebello, CA)
• 10,375 SF Dollar Tree at Greenway Center (Greenbelt, MD)
• 8,450 SF Family Pants at Mart of Montebello (Montebello, CA)
• 6,490 SF Kids 1st Swim at College Plaza (Rockville, MD)

The 1st quarter of 2010 has also been very productive for the Leasing department with deals totaling more than 65,000 SF! Some of the noteworthy new leases executed are:

• 16,331 SF RetroFitness at White Flint Plaza (Rockville, MD)
• 15,174 SF Hibachi Grille at Enterrpise Plaza (Lanham, MD)
• 8,420 SF House of Cigars at Sunset & Olive (West Hollywood, CA)
• 3,848 SF pad site to TD Bank at Turnpike Shopping Center (Fairfax, VA)
• 2,541 SF For Eyes at Greenway Center (Greenbelt, MD) – a new store that doubles the SF of current location at same center
• 2,000 SF Fab’s Hot Dogs at Loehmanns Plaza (Reseda, CA)

Other significant activity at Combined Properties centers during the 1st quarter include:

• LOL Stations, an entertainment facility, opened at Charles County Plaza (Waldorf, MD). Their main amusement features are arcade games, laser tag, bumper cars, climbing wall, kiddie rides and more.
• Opening of Wells Fargo branch office at The Center at Coldwater (Studio City, CA). Working with Combined, Wells Fargo transformed the site of an Exxon/Mobil gas station into a gold-level LEED-certified branch office.
• Dollar Tree opened at Greenway Center (Greenbelt, MD) in a space formerly occupied by Pier 1. Traffic to the store has been strong.
•Fashion Q opened their location at Mart of Montebello (Montebello, CA) in early March. The store is operating under the name Rhapsodielle.

Katherine Roberson, President of Combined Properties, said: “We are encouraged by the escalating business activity at Combined. The number of leasing transactions in 2009 equaled those executed in 2007 and 2008 collectively and 2010 could surpass the success we realized last year.”

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: dev.soe.io/combined