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FOR IMMEDIATE RELEASE

                  ATA MARTIAL ARTS SIGNS RETAIL LEASE
                        AT VILLAGE AT LEESBURG
LEESBURG, Va. (September 28, 2012) – Village at Leesburg announced today that ATA
Martial Arts, a martial arts training center, has signed a lease for retail space within the 1.2
million square foot mixed-use project at VA Route 7 and Crosstrail Blvd. ATA will occupy
4,165 square feet of retail space in Suite 400 of the 1600 block of Village Market Boulevard.
ATA currently has a temporary space open at 1610 Village Market Boulevard Suite 125 and
expects to open in their permanent space at the end of October.

Village at Leesburg was represented in the transaction by KLNB Retail.

The American Taekwondo Association (ATA) is the premier North American organization
dedicated to Taekwondo and is the founding organization of other international affiliates that
include the World Traditional Taekwondo Union (WTTU) and the Songahm Taekwondo
Federation (STF). ATA has more than 1,500 schools and clubs worldwide and have registered
more than one million students since their inception in 1969. ATA offers classes for children as
young as four years of age all the way up to adult Taekwondo and Krav Maga classes.

“ATA Martial Arts is an excellent addition to the Village at Leesburg community,” said Michael
Wheat, executive vice president and director of leasing for Cypress Equities. “Their focus on a
family friendly environment and delivering a quality product perfectly complements the other
merchants in the center.”

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 39 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.

                                                               ###

For additional information:

Randa McMinn
Cypress Equities
214-561-6007

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Village at Leesburg Elite Martial Arts Lease Announcement

  • 1. FOR IMMEDIATE RELEASE ATA MARTIAL ARTS SIGNS RETAIL LEASE AT VILLAGE AT LEESBURG LEESBURG, Va. (September 28, 2012) – Village at Leesburg announced today that ATA Martial Arts, a martial arts training center, has signed a lease for retail space within the 1.2 million square foot mixed-use project at VA Route 7 and Crosstrail Blvd. ATA will occupy 4,165 square feet of retail space in Suite 400 of the 1600 block of Village Market Boulevard. ATA currently has a temporary space open at 1610 Village Market Boulevard Suite 125 and expects to open in their permanent space at the end of October. Village at Leesburg was represented in the transaction by KLNB Retail. The American Taekwondo Association (ATA) is the premier North American organization dedicated to Taekwondo and is the founding organization of other international affiliates that include the World Traditional Taekwondo Union (WTTU) and the Songahm Taekwondo Federation (STF). ATA has more than 1,500 schools and clubs worldwide and have registered more than one million students since their inception in 1969. ATA offers classes for children as young as four years of age all the way up to adult Taekwondo and Krav Maga classes. “ATA Martial Arts is an excellent addition to the Village at Leesburg community,” said Michael Wheat, executive vice president and director of leasing for Cypress Equities. “Their focus on a family friendly environment and delivering a quality product perfectly complements the other merchants in the center.” 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 39 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,
  • 2. 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. ### For additional information: Randa McMinn Cypress Equities 214-561-6007