Village at Leesburg Leasing Package

MARKET OVERVIEW

Photos courtesy of Loudoun Convention & Visitors Association

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. Sources: Claritas and Loudoun County

Lanné C. Bennett | 614-732-0618 | lanne.bennett@cypressequities.com | www.villageatleesburg.com

MARKET OVERVIEW

BEACON HILL
BEACON IL
BEACON HILL LEESBURG
15
GOLF COURSE
GOLF OURS
GOLF COURSE
SE LOUDOUN COUNTY, VIRGINIA

IDA LEE
IDA LEE
D E

ET
PARK
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ARK - Aerials Express -

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Fall 2007 Aerial Photograph
Fort Evans While we have no reason to doubt the accuracy of
Shopping Center

ST
any of the information supplied, we cannot, and do
Shenandoah Square (280,183 SF)
not, guarantee its accuracy.
7 (152,912 SF)

NG
Leesburg Plaza
(246,783 SF)

KI BUS
15 Battlefield Shopping Center
MA (314,269 SF)
R KE
T
Leesburg ST
Central RE PO
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Village Square ET Leesburg
TOM
OM
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CA

(18,000 SF)
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ER
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IRLE
BUS
15 BUS
Leesburg Park Fort Evans Plaza
7 Shopping Center (70,827 SF)
WESTPARK
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AY

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MARKET OVERVIEW

LEESBURG
LOUDOUN COUNTY, VIRGINIA
BEACON HILL
BEACON HILL
GOLF COURSE
GOLF COURSE
HA
RR
YB
YR
DH - Aerials Express -

IGH Fall 2007 Aerial Photograph

WA While we have no reason to doubt the accuracy of
Y any of the information supplied, we cannot, and do
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IDA LEE
IDA LEE
PARK
PARK

7

Fort Evans
Shopping Center
(280,183 SF)
Shenandoah Square
(152,912 SF)
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W. (246,783 SF)
M AR
KE
TS
EET

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EE Battlefield Shopping Center
T PO
TR

(314,269 SF) POT
TOM
OM
AC
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AC
RIIV
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ER
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EDWARDS FERRY ROAD
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Village Square Shopping Center
Shopping Center (170,000 SF)
773
(18,000 SF)

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(70,827 SF)
AN
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(Numerous Others) R (160,000 SF)

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Village at at
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N MIL

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EXECUTIVE
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1 Mile


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
lanne.bennett@cypressequities.com dimitri@klnb.com

Please see other pocket for project renderings.


PROJECT OVERVIEW

Aerials taken 3/11/10


PROJECT OVERVIEW


DEMOGRAPHICS, EDUCATION AND HOUSING STUDY

Demographics 3-Mile 5-Mile 10-Mile
Estimated Population 2008 56,202 131,132 257,027
Average Household Income 2008 $114,007 $126,633 $130,160
Estimated Households 2008 17,418 38,145 75,278
Median Age 2008 32.91 32.95 33.67
Daytime Population 2008 22,628 43,973 101,074

Education
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

Loudoun County
Estimated Population 2008 278,427 *

Median Household Income 2008 $125,381 **

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


Village at Leesburg Leasing Package

Village at Leesburg Leasing Package

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Village at Leesburg Leasing Package