FOR IMMEDIATE RELEASE

VILLAGE AT LEESBURG ADDS FOUR SPECIALTY MERCHANTS LEESBURG, Va. (October 3, 2012) – Village at Leesburg announced today that four specialty merchants have signed temporary leases for retail space within the 1.2 million square foot mixed-use project at VA Route 7 and Crosstrail Blvd. Village at Leesburg was represented in the transaction by KLNB Retail. Arts in the Village is a cooperative effort between the Loudoun County Arts Council and Village at Leesburg located in Suite 114 of the 1601 block of Village Market Blvd. and occupying 2,135 square feet of retail space. Arts in the Village is a community art gallery featuring artwork from local and just celebrated their grand opening. Bellator Authentics, now open, specializes in autographed sports memorabilia and other high end professional and college team merchandise. Bellator occupies the 2,135-square-foot Suite 116 in the 1601 Block of Village Market Blvd. Ebrada Atelia, an upscale bridal salon, is now open and occupies 1,654 square feet of retail space in Suite 122 of the 1601 block of Village Market Boulevard. Ebrada features some of the top dress designers in the country as well as custom made pieces by the salon’s owner, Cathy Cleveland. Music and Art is now open and offers musical instrument rentals and sheet music, as well as music lessons and instrument repairs. They are located in Suite 115 of the 1610 block of Village Market Blvd.

“We’re happy to welcome Arts in the Village, Bellator Authentics, Ebrada Atelier and Music & Art to Village at Leesburg,” said Michael Wheat, executive vice president and director of leasing for Cypress Equities. “These merchants each focus on a niche consumer market that will attract new guests to Village at Leesburg as well as appeal to the guests who already enjoy shopping here.”

Village at Leesburg is a vertically-integrated, four-story village which encompasses 57 acres and features approximately 520,000 square feet of retail space, combined with 150,000 square feet of office product and 335 luxury multi-family residences. A Cypress Equities company* is developing the commercial components of the project and Kettler is developing the residential component. The Carlyle Group is the lead equity partner in the development and KLNB Retail is handling the leasing of the retail sections.

The center includes a roster of 44 retailers now open including Wegmans Food Markets, LA Fitness, Altar’d State, AT&T, Charming Charlie, Coldwater Creek, Crystal Brite Cleaners, Eggspectation, Faang Sushi & Thai Restaurant, Finnegan’s Sports Bar & Grill, Firebirds Wood Fired Grill, Flame Kabob, Frilly Frocks, Hamilton’s Sofa & Leather Gallery, Hour Eyes, Katie’s Nails & Spa, King Pinz, Leisure Fitness, Massage Envy, Neibauer Dental Care, Noodles & Company, Plow & Hearth, Potomac River Running, Salon Montage, Sleepy’s, Sprint, Swim U, The Dandelion Patch, Tiny Toes Dance Academy, Travinia Italian Kitchen, Verizon Wireless, Pinkberry, Cobb Village 12 Cinemas and Wells Fargo Bank.

About Cypress Equities

Cypress Equities companies* (Cypress) were first conceived in 1995 and have since established a national reputation synonymous with the premier development, operation and management of destination-class retail and mixed-use properties throughout the U.S. Historically, Cypress has developed and/or managed more than 12 million square feet and currently is developing and/or managing more than 7.5 million square feet of retail, office, residential and automotive real estate. Today, there are six Cypress Equities offices throughout the U.S., including Dallas (headquarters), New York, San Francisco, Chicago, Atlanta and Fort Lauderdale. Visit www.cypressequities.com for more information.

* The Cypress Equities name, logo and other marks are trademarks and service marks being licensed to independent operating companies by CE Brands, LLC. Any particular obligation, service or product is the sole responsibility of the specific entity that incurs such obligation or supplies such service or product.

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For additional information: Randa McMinn Cypress Equities 214-561-6007