village at leesburg leasing package

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Leesburg, founded in 1758, is one of Virginia’s most attractive and vibrant communities. As the seat of government for the country’s third fastest growing county, Leesburg has been successful at preserving its heritage, while embracing the advantages of being close to the nation’s capital. Leesburg is located just 35 miles northwest of Washington, D.C., at the foothills of the Blue Ridge Mountains. Compared to most communities in Virginia, not to mention most communities in the United States, Leesburg is in an enviable position. It is located close to the national capital in a setting of great natural beauty that is also one of the most rapidly growing and wealthy regions in the United States, and which is anchored by both dynamic, knowledge-intensive industries and traditional agriculture. e Downtown has a beautiful and generally well-maintained historic fabric. It has a highly educated population, low crime rates and good schools. e future promises to be even better than the past, if the town addresses the challenges that it faces and seizes its opportunities to thrive in the 21st Century. e Town of Leesburg is a $1.2 billion retail market. is represents a 26% share of retail sales in all of Loudoun County. In other words, one out of every four dollars spent in Loudoun County is spent in Leesburg. e consumers in the Town of Leesburg generate about $631 million in retail demand. e retailers in the Town of Leesburg attract from a much larger consumer base than simply the town limits. In fact, consumers within a 15-minute drive time of downtown have a consumer buying power for retail trade of $2.1 billion exceeding the supply in Leesburg by $900 million each year. Ignoring the 15-minute drive time and evaluating all of the western Loudoun zip codes, retail demand outstrips supply by $436 million. No matter how it is examined, Leesburg is at the pivot point between consumers that are underserved by retail stores to the west and those that have adequate supply to the east. MARKET OVERVIEW Photos courtesy of Loudoun Convention & Visitors Association Sources: Claritas and Loudoun County Lanné C. Bennett | 614-732-0618 | [email protected] | www.villageatleesburg.com

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Village at Leesburg offers a total of 1.2 million square feet of development, encompasses 150 acres and combines traditional planning and design characteristics – including an open-air shopping center component – with an upscale urban feel. Ultra luxury, multifamily residences will complement office and retail spaces.

TRANSCRIPT

Page 1: Village at Leesburg Leasing Package

Leesburg, founded in 1758, is one of Virginia’s most attractive and vibrant communities. As the seat of government for the country’s third fastest growing county, Leesburg has been successful at preserving its heritage, while embracing the advantages of being close to the nation’s capital. Leesburg is located just 35 miles northwest of Washington, D.C., at the foothills of the Blue Ridge Mountains.

Compared to most communities in Virginia, not to mention most communities in the United States, Leesburg is in an enviable position. It is located close to the national capital in a setting of great natural beauty that is also one of the most rapidly growing and wealthy regions in the United States, and which is anchored by both dynamic, knowledge-intensive industries and traditional agriculture. The Downtown has a beautiful and generally well-maintained historic fabric. It has a highly educated population, low crime rates and good schools. The future promises to be even better than the past, if the town addresses the challenges that it faces and seizes its opportunities to thrive in the 21st Century.

The Town of Leesburg is a $1.2 billion retail market. This represents a 26% share of retail sales in all of Loudoun County. In other words, one out of every four dollars spent in Loudoun County is spent in Leesburg.

The consumers in the Town of Leesburg generate about $631 million in retail demand. The retailers in the Town of Leesburg attract from a much larger consumer base than simply the town limits. In fact, consumers within a 15-minute drive time of downtown have a consumer buying power for retail trade of $2.1 billion exceeding the supply in Leesburg by $900 million each year.

Ignoring the 15-minute drive time and evaluating all of the western Loudoun zip codes, retail demand outstrips supply by $436 million. No matter how it is examined, Leesburg is at the pivot point between consumers that are underserved by retail stores to the west and those that have adequate supply to the east.

MARKET OVERVIEW

Photos courtesy of Loudoun Convention & Visitors Association

Sources: Claritas and Loudoun County

Lanné C. Bennett | 614-732-0618 | [email protected] | www.villageatleesburg.com

Page 2: Village at Leesburg Leasing Package

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CHAMPIONSHIP GOLF COURSE

ROUTE 7

TO WASHINGTON

TO LEESBURG

EXISTING

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SCHOOLS

TO LANSDOWNE RESORT AND GOLF CLUB

TO P

OTO

MA

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ITY

TRA

IL & HER

ITAG

E TRA

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TO NATIONAL CONFEREN

CENTER AT LANSDOWNE

TO ROUTE 7 & DULLES TOLL RD.

EXISTING

LANSDOWNE

RESIDENTIAL

Park Plaza: The pre

Lansdowne Town Center in the

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Leesburg Corner Premium Outlets(465,000 SF)

(Numerous Others)

Village at Leesburg(400,000 SF)

Fort EvansShopping Center

(280,183 SF)Shenandoah Square(152,912 SF)

CINOCIN C

Village SquareShopping Center

(18,000 SF)

POPOOPOTOMAC RIVERVERVERVERREREREREVEVEVERRRVIVIVVRIVRIVRIVIVRIRIRIVVVRRRRI

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Battlefield Shopping Center(314,269 SF)

Leesburg ParkShopping Center

(170,000 SF)

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Marketplace atPotomac Station

(160,000 SF)

KKI

Leesburg Plaza(246,783 SF)

Fort Evans Plaza(70,827 SF)

Lansdowne Town Center

Ashburn Commons

LeesburgCommerce

Center

Prosperity CenterBellewoodCommons

LeesburgCentral

Village atLeesburg(400,000 SF)

LEESBURGLOUDOUN COUNTY, VIRGINIA

- Aerials Express -Fall 2007 Aerial Photograph

While we have no reason to doubt the accuracy of any of the information supplied, we cannot, and do

not, guarantee its accuracy.

MARKET OVERVIEW

Lanné C. Bennett | 614-732-0618 | [email protected] | www.villageatleesburg.com

Page 3: Village at Leesburg Leasing Package

Lanné C. Bennett | 614-732-0618 | [email protected] | www.villageatleesburg.com

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Leesburg Corner Premium Outlets(465,000 SF)

(Numerous Others)

Fort EvansShopping Center

(280,183 SF)Shenandoah Square

(152,912 SF)

Village SquareShopping Center

(18,000 SF)

Battlefield Shopping Center(314,269 SF)

Leesburg ParkShopping Center

(170,000 SF)

Leesburg Central

Marketplace atPotomac Station

(160,000 SF)

Leesburg Plaza(246,783 SF)

Fort Evans Plaza(70,827 SF)

1 Mile0 1/2 Mile

SCALE

LEESBURGLOUDOUN COUNTY, VIRGINIA

- Aerials Express -Fall 2007 Aerial Photograph

While we have no reason to doubt the accuracy of any of the information supplied, we cannot, and do

not, guarantee its accuracy.

Village at,000 SF)

Village atLeesburg

(400,000 SF)

MARKET OVERVIEW

Page 4: Village at Leesburg Leasing Package

PROJECT OVERVIEW

Embracing a traditional main-street feel, Village at Leesburg offers tree-lined boulevards and an inviting central plaza. The village integrates carefully-designed streetscapes, architecturally detailed buildings and layered landscapes, which work together to create gathering places.

Village at Leesburg, which is a regional lifestyle center with a total of 1.2M square feet of development, encompasses 57 acres and combines traditional planning and design characteristics – including an open-air shopping center component – with an upscale urban feel. Ultra luxury multi-family residences complement the office and retail.

First-floor tenants include prominent upscale retailers like Wegmans Food Markets and restaurants, with offices and residential units located throughout the village. Together they create a place where businesses and residents come together in a traditional main street community with modern amenities and conveniences.

Village at Leesburg is accessed by the new interchange bridging VA Route 7 and Crosstrail Boulevard. Construction is nearing completion on the retail component. Wegmans Food Market and the 335 residential apartments are open along with several other retailers.

Address: Route 7 (Market Street) & Crosstrail Blvd. Leesburg, VA

Retail Space: 520,000 SF of Retail / Restaurant Space

Office Space: 170,000 SF

Residential: 335 Units

Leasing Contacts: Lanné C. Bennett Dimitri Georgelakos Cypress Equities KLNB Retail 614-732-0618 571-382-2071 [email protected] [email protected]

Lanné C. Bennett | 614-732-0618 | [email protected] | www.villageatleesburg.com

Please see other pocket for project renderings.

Page 5: Village at Leesburg Leasing Package

PROJECT OVERVIEW

Aerials taken 3/11/10

Lanné C. Bennett | 614-732-0618 | [email protected] | www.villageatleesburg.com

Page 6: Village at Leesburg Leasing Package

PROJECT OVERVIEW

Aerials taken 3/11/10

Lanné C. Bennett | 614-732-0618 | [email protected] | www.villageatleesburg.com

Page 7: Village at Leesburg Leasing Package

PROJECT OVERVIEW

Lanné C. Bennett | 614-732-0618 | [email protected] | www.villageatleesburg.com

Page 8: Village at Leesburg Leasing Package

PROJECT OVERVIEW

Lanné C. Bennett | 614-732-0618 | [email protected] | www.villageatleesburg.com

Page 9: Village at Leesburg Leasing Package

DEMOGRAPHICS, EDUCATION AND HOUSING STUDY

Loudoun County

Estimated Population 2008 278,427 * Median Household Income 2008 $125,381 **

Estimated Population 2008Average Household Income 2008Estimated Households 2008Median Age 2008Daytime Population 2008

3-Mile 5-Mile 10-Mile 56,202 131,132 257,027$114,007 $126,633 $130,160 17,418 38,145 75,278 32.91 32.95 33.67 22,628 43,973 101,074

* Listed #5 in the Census Bureau’s 2007 Top 100 highest population growth by percent from April 2000 to July 2007.

** Loudoun County had the highest median household income in the U.S. in 2007, according to the Census Bureau.

Lanné C. Bennett | 614-732-0618 | [email protected] | www.villageatleesburg.com

Source: Demographic data copyright 2008 by Experian / Applied Geographic Solutions

Demographics

Percent of Population with Degree 64.14% 67.38% 63.23% (Associates, Bachelors, Graduate)

2009/2010 Total Projected Enrollment (Elementary, Middle and High) 59,490

Education

Page 10: Village at Leesburg Leasing Package

7

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715

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IGH

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HARMONY CHURCH

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H6

704

HARMONY CHURCH

RO

AD

H

14

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H

H

108

H11

planned/sold# ACTIVE HOUSING PROJECTS

H1 Ashburn Village 108 108H2 Beauregard Overlook 23 24H3 Belmont Country Club 1455 2100H4 Canby Estates 0 6H5 Catocin Springs 0 5H6 Commons at Bellemeade 23 24H7 Grenata 27 59H8 Hamlets at Red Cedar 78 203H9 Landsdowne 2145 3825H10 Leisure World 1282 2122H11 Long Acres 6 17H12 Oatlands Manor 0 15H13 Park Meadows 2 17H14 Potomac Farms 3 25H15 Potomac Station 1280 1401H16 Reserve at Rockeby Farm 57 89H17 River Creek 1096 1126H18 Stratford Club 100 300 Total 7685 11466

Units Units # Name Sold Planned

planned

# PROPOSED HOUSING PROJECTS

Units# Name PlannedH1 Belmont Estates 21H2 Courthouse Commons 15H3 Evergreen Hamlets 8H4 Evergreen Village 133H5 Goose Creek Village North 437H6 Hamlet at Wulfcrest Farm 25H7 Landsdowne Village Green 960H8 Meadowbrook 1006H9 Oaklawn at Stafford 426H10 Reserve at Oatlands 31H11 Tavistock Apartments 108H12 Turner Wilson 18H13 Tuscarora Station 156H14 Village at Leesburg 635 Total 3979

23/24

H2

0/6

H40/5

H5

23/24

H6

27/59

H7

78/203

H8

6/17

H11

0/15

H12

57/89

H16

100/300

H18

108/108

H1

1455/2100

H3

2145/3825

H91282/2122

H10

3/25

H14

1280/1401

H15

1096/1126

H17

31

H10

133

H4

437

H5

8

H3

1006

H8

156

H13

426

H9

15

H2

18

H12

635

H14

21

H1

960

H7

sold

# CLOSED OUT HOUSING PROJECTS

H1 Alexandra’s Grove 139H2 Ashbrook 906H3 Beacon Hill 51H4 Cedar Ridge 74H5 Edwards Landing 411H6 Evans Ridge 150H7 Evergreen Meadows 330H8 Evergreen Woods 13H9 Hawks View Glen 36H10 Kincaid Forest 502H11 Kings Crossing 14H12 Lakes at Red Rock 449H13 Potomac Crossing 969H14 Rosebrook 19H15 Spring Lakes 388H16 Sycamore Hill 480H17 Tavistock Farms 627H18 University Center 2388 Total 7946

Units# Name Sold

51

H3

19

H14

330

H7

13

H8 627

H17

36

H9

502

H10

150

H6 480

H16

388

H15

449

H12

411

H5

969

H13

139

H1

74

H4

906

H2

2388

H18

HOUSING PROJECTSLEESBURG, LOUDOUN COUNTY, VIRGINIA

TOWN

SQUARE

HARPER SQUARE

ROBERT TRENT JONES, JR.

CHAMPIONSHIP GOLF COURSE

ROUTE 7

TO WASHINGTON

TO LEESBURG

EXISTING

LANSDOWNE

RESIDENTIAL &

SCHOOLS

TO LANSDOWNE RESORT AND GOLF CLUB

TO P

OTO

MA

C R

IVER VIA

CO

MM

UN

ITY

TRA

IL & HER

ITAG

E TRA

IL

TO NATIONAL CONFEREN

CENTER AT LANSDOWNE

TO ROUTE 7 & DULLES TOLL RD.

EXISTING

LANSDOWNE

RESIDENTIAL

Park Plaza: The pre

Lansdowne Town Center in the

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AIRPORT

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POTOMAC RIVER

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BEACON HILLGOLF COURSE

CATAATAT

CATTAAATOO

CIR

7

H

7

Leesburg Corner Premium Outlets(465,000 SF)

(Numerous Others)

Village at Leesburg(400,000 SF)

Fort EvansShopping Center

(280,183 SF)Shenandoah Square(152,912 SF)

CINOCIN C

Village SquareShopping Center

(18,000 SF)

POPOOPOTOMAC RIVERVERVERVERREREREREVEVEVERRRVIVIVVRIVRIVRIVIVRIRIRIVVVRRRRI

C RAC RC RRRCACACCACACACAMAMAMAMAAMAMAMAMAMAOMAOMAOMAOMMAAOMOMOMOTOOOTOOMTOTOTTOTOOOTOTTOTOTOOTOTOOOOTTTTOTOPOPOPOPOOPOPOTPOPOPOPOPPOPOPPPPOPPPP

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Battlefield Shopping Center(314,269 SF)

23/24

3636

H

Leesburg ParkShopping Center

(170,000 SF)

IGHWAAWAAAAA

HIWAAWAYAAAY

11

Marketplace atPotomac Station

(160,000 SF)

KKI

Leesburg Plaza(246,783 SF)

Fort Evans Plaza(70,827 SF)

Lansdowne Town Center

Ashburn Commons

LeesburgCommerce

Center

Prosperity CenterBellewoodCommons

LeesburgCentral

Village atLeesburg(400,000 SF)

LEESBURGLOUDOUN COUNTY, VIRGINIA

- Aerials Express -Fall 2007 Aerial Photograph

While we have no reason to doubt the accuracy of any of the information supplied, we cannot, and do

not, guarantee its accuracy.

Lanné C. Bennett | 614-732-0618 | [email protected] | www.villageatleesburg.com

DEMOGRAPHICS, EDUCATION AND HOUSING STUDY

Page 11: Village at Leesburg Leasing Package

TENANTS AND LEASE PLAN

Lanné C. Bennett | 614-732-0618 | [email protected] | www.villageatleesburg.com

FLAME KABOB

SalonÊMontage

Dance Academy

OPEN

OPEN

OPEN

OPEN

OPEN

OPEN OPEN OPEN

OPEN OPEN

OPEN

OPEN OPEN

Page 12: Village at Leesburg Leasing Package

TENANTS AND LEASE PLAN

Lanné C. Bennett | 614-732-0618 | [email protected] | www.villageatleesburg.com

Please see other pocket for larger lease plan.

Disclaimer: Specific names of tenants, their status, location and size are (i) not intended to be and should not be or have been relied upon, (ii) subject to change, modification and deletion by Landlord and (iii) not a representation or warranty as to the opening or continued operation of any store named or depicted on the site plan.

Page 13: Village at Leesburg Leasing Package

WHY CHOOSE LEESBURG?

Leesburg’s residents are its greatest assets. A few fast facts:Population Growth:

35% population growth from 2000 to 2008 •

Loudoun County has seen a 64% growth since 2000 •

Highly skilled:

Median household income is almost double the national average •

55% of the civilian labor force is employed in a managerial or professional occupation •

Well educated:

52% of residents 25 or older have a bachelor’s degree •

17% have a graduate or professional degree •

Housing:

36% growth from 2000 to 2008 •

Average new home sales price = $813,711 and average existing home sales price = $514,068 •

Population, Income, Education and Housing

Major EmployersGiant Food Loudoun Medical Group Target Loudoun County Loudoun County Public Schools Federal Aviation Administration

A fast-growing, young, family-oriented, highly educated, affluent population (the county consistently •ranks among the top in the nation for household median income)Schools consistently among the best in the state and nation•Beautiful landscape, open countryside•Unique geography provides a full spectrum of amenities including hotels, shopping and dining •opportunities in the suburban east to wineries, bed-and-breakfasts, pick-your-own fruit and vegetable gardens, historic small-town shops, and equestrian facilities in the rural westThe people you need to make your business work are here. Regionally, Loudoun County has the fourth-•largest labor market in the nation. It’s a highly-educated, highly motivated and extremely committed workforce that includes everyone from experienced professionals to recent graduatesThe Washington, D.C. region ranks first in the nation in the number of knowledge workers in professional •services, information technology, education, and researchMost educated region in the country, with nearly 46 percent of all residents holding at least a bachelor’s •degree, and over 20 percent holding a graduate degreeThere is great synergy between local higher education institutions, the workforce and companies that •leads to ongoing workforce development and education, including customized programs for employee training

Regional Highlights

Lanné C. Bennett | 614-732-0618 | [email protected] | www.villageatleesburg.com

Sources: Loudoun County and Town of Leesburg

Page 14: Village at Leesburg Leasing Package

SPONSORS

Lanné C. Bennett | 614-732-0618 | [email protected] | www.villageatleesburg.com

Founded by Robert C. Kettler in 1977, Kettler is among the largest private real estate and property management companies based in the Washington, D.C. metropolitan area and was awarded the Pillars of the Industry Award for PropertyManagement Firmof theYear by theNationalAssociation ofHomebuilders.Thefirm’s diverse businessmodelhasledtothedeliveryoffivemillionsquarefeetofcommercialspaceandmorethan50,000homesinitsmaster-plannedcommunitiesandcondominiums.Kettler’sapartmentportfolioincludeshigh-end,marketrate,affordableandfee-managed assets.Kettler is currently developingmultifamily, commercial, resort and transit-orientedmixed-useprojects. Visit www.kettler.com.

Foundedin1995,theCypressEquitiescompanies*haveofficesinDallas,Atlanta,SanFrancisco,NewYorkandFortLauderdale. Today, Cypress Equities companies are developing andmanagingmore than $1.2Billion in projectsthroughouttheU.S.andCaribbean,consistingofcommunityandpowercenters,aswellasverticallyintegratedmixed-usevillagesthatincorporateretail,residential,hotelandoffices.Visitwww.cypressequities.comformoreinformation. *TheCypressEquities name, logo and othermarks are trademarks and servicemarks ofCEBrands,LLC, beinglicensed to independent operating companies. Any particular obligation, service or product is the sole responsibility of thespecificentitythatincurssuchobligationorsuppliessuchserviceorproduct.

TheCarlyleGroupisaglobalprivateequityfirmwith$91.5billionofassetsundermanagementcommittedto66fundsasofSeptember30,2008.Carlyleinvestsinbuyouts,growthcapital,realestateandleveragedfinanceinAfrica,Asia,Australia,Europe,NorthAmericaandSouthAmericafocusingonaerospace&defense,automotive&transportation,consumer& retail, energy&power,financial services,healthcare, industrial, infrastructure, technology&businessservicesandtelecommunications&media.Since1987,thefirmhasinvested$52.7billionofequityin866transactionsfora totalpurchasepriceofapproximately$225billion.TheCarlyleGroupemploysmore than1000people in21countries.Intheaggregate,Carlyleportfoliocompanieshavemorethan$109billioninrevenueandemploymorethan415,000peoplearoundtheworld.

Page 15: Village at Leesburg Leasing Package

PROJECT AERIAL

Lanné C. Bennett | 614-732-0618 | [email protected] | www.villageatleesburg.com

Disclaimer: Specific names of tenants, their status, location and size are (i) not intended to be and should not be or have been relied upon , (ii) subject to change, modification and deletion by Landlord and (iii) not a representation or warranty as to the opening or continued operation of any store named or depicted on this site plan.

Page 16: Village at Leesburg Leasing Package

Lanné C. Bennett | 614-732-0618 | [email protected] | www.villageatleesburg.com

Disclaimer: Specific names of tenants, their status, location and size are (i) not intended to be and should not be or have been relied upon , (ii) subject to change, modification and deletion by Landlord and (iii) not a representation or warranty as to the opening or continued operation of any store named or depicted on this site plan.

PROJECT AERIAL

Page 17: Village at Leesburg Leasing Package

Lanné C. Bennett | 614-732-0618 | [email protected] | www.villageatleesburg.com

Disclaimer: Specific names of tenants, their status, location and size are (i) not intended to be and should not be or have been relied upon , (ii) subject to change, modification and deletion by Landlord and (iii) not a representation or warranty as to the opening or continued operation of any store named or depicted on this site plan.

LEASE PLAN