Year-End Recap & 4th Quarter Activity at Combined Properties

Combined Properties saw vacancy rates drop as leasing activity soared in 2013. During the 12 month period, 185,778 SF of retail space was leased and 45 stores occupying 243,439 SF opened for business. 20% of the store openings occurred at the newly redeveloped Turnpike Shopping Center, a 104,000 SF center located in Fairfax, VA. Another notable accomplishment in 2013 was the acquisition of The Terraces, a 172,800 SF shopping center located in Rancho Palos Verdes, CA.

During the 4th Quarter 2013, 15,805 SF was leased with 10 stores, representing 71,141 SF openedat Combined’s shopping centers in the DC and LA markets.

New leases during the 4th quarter include:

  • 5,118 SF Q-Plus at Loehmanns Plaza (Reseda, CA)
  • 3,972 SF Paradigm Talent Agency at 9320 Wilshire Boulevard (Beverly Hills, CA)
  • 1,800 SF Liquor Depot at 40 West Plaza (Baltimore, MD)
  • 1,626 SF Xamaze Tutoring at Commons at La Verne (La Verne, CA)
  • 1,500 SF AT&T at Granada Hills Town Center (Granada Hills, CA)
  • 1,165 SF Mathnasium at White Flint Plaza (Rockville, MD)
  • 624 SF The Collective at Kings Road (West Hollywood, CA)

The following stores opened in the 4th quarter:

  • 24,125 SF Ross Dress for Less at Turnpike Shopping Center (Fairfax, VA)
  • 12,172 SF Cort Furniture at Sully Plaza (Chantilly, VA)
  • 12,000 SF PetSmart at Turnpike Shopping Center (Fairfax, VA)
  • 8,790 SF Mattress Warehouse at Sugarland Crossing (Sterling, VA)
  • 3,276 SF Pacific Western Bank at 9320 Wilshire Boulevard (Beverly Hills, CA)
  • 2,700 SF Chicken Out at College Plaza (Rockville, MD)
  • 2,500 SF Isola di Pace at Courthouse Plaza (Fairfax, VA)
  • 2,185 SF T-Mobile at Loehmanns Plaza (Reseda, CA)
  • 1,793 SF Firehouse Subs at Sugarland Crossing (Sterling, VA)
  • 1,600 SF European Wax Center at 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 $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.

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