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FOR IMMEDIATE RELEASE


        PLOW & HEARTH OPENING AT VILLAGE AT LEESBURG
LEESBURG, Va. (June 1, 2011) – Village at Leesburg today announced that Plow & Hearth, a
trusted national catalog, retail and internet company that offers high-quality products for home,
hearth, yard and garden, is opening tomorrow in over 6,000 square feet of space in suite 100 of
the 1603 block of Village Market Blvd.

The tenant was represented by Gary Taubin and Jeff Pollack of Street Sense, while Village at
Leesburg was represented by its exclusive retail leasing partner, KLNB Retail.

“We are thrilled to be opening a new location at Village at Leesburg and will be selling a variety
of household products, including premium outdoor living and entertaining items to make every
backyard a warm weather oasis for the summer,” stated Paul Abugattas, director of retail at Plow
& Hearth. “We expect to be in our temporary suite until the fall, and then will move to our
permanent site at the center, next to Flame Kabob and across from the theater, which will have a
wider assortment of offerings, including products for indoor and outdoor rooms, gardens, pets,
personal comfort and care, safety and emergencies, weather instruments, storage solutions and
gifts.”

Plow & Hearth began as a small country store in Madison, Virginia in 1980 and has since grown
to have eleven retail store locations in the Virginia, Maryland and North Carolina areas, in
addition to their strong presence online and in catalogs. Providing premiere products for over
thirty years, Plow & Hearth credits its enduring success to its honesty, integrity, and most
importantly, its commitment to customer service.

“The addition of Plow & Hearth to the tenant line-up at Village at Leesburg will provide
customers with an added destination to shop home furnishings and much more,” said Michael
Wheat, Cypress Equities executive vice president, director of leasing. “We are proud to welcome
the well-recognized, national brand to the tenant mix and look to continue this retail leasing
momentum throughout 2011.”

The center includes a roster of twenty-five retailers now open including Wegmans Food Markets,
LA Fitness, AT&T, Charming Charlie, Coldwater Creek, Crystal Brite Cleaners, Eggspectation,
Faang Sushi & Thai Restaurant, Flame Kabob, Frilly Frocks, Hamilton’s Sofa & Leather
Gallery, Hour Eyes, Katie’s Nails & Spa, King Pinz, Massage Envy, Neibauer Dental Care,
Noodles & Company, Potomac River Running, Salon Montage, Sleepy’s, The Dandelion Patch,
Tiny Toes Dance Academy, Travinia Italian Kitchen, Verizon Wireless and Wachovia Bank.
Plow & Hearth Opening at Village at Leesburg, page 2

Additional signed tenants that are expected to be operational by year-end are Cobb Village 12
Cinemas, Pinkberry, Finnegan’s Irish Pub, Firebirds Wood Fired Grill and G5 Salon.

Village at Leesburg is a vertically-integrated, four-story village which features approximately
520,000 square feet of retail space, combined with 150,000 square feet of office product and 335
luxury multi-family residences. The residential component is complete and all units are available
for rent. Approximately 98% of the units already have been leased. 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.

Village at Leesburg encompasses 57 acres and combines traditional planning and design
characteristics – including an open-air shopping center component – with an upscale urban feel.
Luxury multifamily residences complement the office and retail uses.

More than 198,500 consumers reside within a 10-mile radius of the project with an average
household income exceeding $128,000. The project may be accessed by the new interchange
bridging VA Route 7 and Crosstrail Boulevard.

About Plow & Hearth

Plow & Hearth is a trusted national catalog, retail, and internet company specializing in unique,
enduring home and lifestyle products that are quality-built and guaranteed to meet customer
expectations. What began as a small retail store in Madison, Virginia in 1980 has grown to
include a flagship brand, Plow & Hearth®, plus two others that have joined the family during
the past quarter century. Plow & Hearth offers unique, high-quality products for home, hearth,
yard and garden. Problem Solvers® provides practical solutions for everyday living. Wind &
Weather® offers a complete selection of indoor and outdoor weather-related instruments and
gifts, plus elegant home and garden ornaments. The Plow & Hearth family of brands also has a
growing list of retail stores. For more information about Plow & Hearth, please visit
www.plowhearth.com.

About Cypress Equities

Founded in 1995, Cypress Equities companies* have offices in Dallas, Atlanta, San Francisco, New
York and Fort Lauderdale. Today, Cypress Equities companies are developing and/or managing
approximately 10 million square feet in projects throughout the U.S. and Caribbean, consisting of
community and power centers, as well as vertically integrated mixed-use villages that incorporate
retail, residential, hotel and offices. 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.
Plow & Hearth Opening at Village at Leesburg, page 2

About Kettler

Founded by Robert C. Kettler in 1977, Kettler is among the largest private real estate and
property management companies based in the DC metro area and one of the nation’s top
multifamily developers. The firm’s diverse business model has led to the delivery of five million
square feet of commercial space and over 50,000 homes in its master-planned communities.
Kettler’s rental portfolio includes high-end, market rate, affordable and fee managed assets, and
the management company has been awarded the Pillars of the Industry Award. Currently, Kettler
is developing commercial, resort and transit-oriented mixed-use projects. For more information,
please visit www.Kettler.com.

                                              ###

For additional information:

Randa McMinn                  Cecille Tynes
Cypress Equities              Kettler
214-561-6007                  703-226-6040

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Plow & Hearth Opening at Village at Leesburg

  • 1. FOR IMMEDIATE RELEASE PLOW & HEARTH OPENING AT VILLAGE AT LEESBURG LEESBURG, Va. (June 1, 2011) – Village at Leesburg today announced that Plow & Hearth, a trusted national catalog, retail and internet company that offers high-quality products for home, hearth, yard and garden, is opening tomorrow in over 6,000 square feet of space in suite 100 of the 1603 block of Village Market Blvd. The tenant was represented by Gary Taubin and Jeff Pollack of Street Sense, while Village at Leesburg was represented by its exclusive retail leasing partner, KLNB Retail. “We are thrilled to be opening a new location at Village at Leesburg and will be selling a variety of household products, including premium outdoor living and entertaining items to make every backyard a warm weather oasis for the summer,” stated Paul Abugattas, director of retail at Plow & Hearth. “We expect to be in our temporary suite until the fall, and then will move to our permanent site at the center, next to Flame Kabob and across from the theater, which will have a wider assortment of offerings, including products for indoor and outdoor rooms, gardens, pets, personal comfort and care, safety and emergencies, weather instruments, storage solutions and gifts.” Plow & Hearth began as a small country store in Madison, Virginia in 1980 and has since grown to have eleven retail store locations in the Virginia, Maryland and North Carolina areas, in addition to their strong presence online and in catalogs. Providing premiere products for over thirty years, Plow & Hearth credits its enduring success to its honesty, integrity, and most importantly, its commitment to customer service. “The addition of Plow & Hearth to the tenant line-up at Village at Leesburg will provide customers with an added destination to shop home furnishings and much more,” said Michael Wheat, Cypress Equities executive vice president, director of leasing. “We are proud to welcome the well-recognized, national brand to the tenant mix and look to continue this retail leasing momentum throughout 2011.” The center includes a roster of twenty-five retailers now open including Wegmans Food Markets, LA Fitness, AT&T, Charming Charlie, Coldwater Creek, Crystal Brite Cleaners, Eggspectation, Faang Sushi & Thai Restaurant, Flame Kabob, Frilly Frocks, Hamilton’s Sofa & Leather Gallery, Hour Eyes, Katie’s Nails & Spa, King Pinz, Massage Envy, Neibauer Dental Care, Noodles & Company, Potomac River Running, Salon Montage, Sleepy’s, The Dandelion Patch, Tiny Toes Dance Academy, Travinia Italian Kitchen, Verizon Wireless and Wachovia Bank.
  • 2. Plow & Hearth Opening at Village at Leesburg, page 2 Additional signed tenants that are expected to be operational by year-end are Cobb Village 12 Cinemas, Pinkberry, Finnegan’s Irish Pub, Firebirds Wood Fired Grill and G5 Salon. Village at Leesburg is a vertically-integrated, four-story village which features approximately 520,000 square feet of retail space, combined with 150,000 square feet of office product and 335 luxury multi-family residences. The residential component is complete and all units are available for rent. Approximately 98% of the units already have been leased. 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. Village at Leesburg encompasses 57 acres and combines traditional planning and design characteristics – including an open-air shopping center component – with an upscale urban feel. Luxury multifamily residences complement the office and retail uses. More than 198,500 consumers reside within a 10-mile radius of the project with an average household income exceeding $128,000. The project may be accessed by the new interchange bridging VA Route 7 and Crosstrail Boulevard. About Plow & Hearth Plow & Hearth is a trusted national catalog, retail, and internet company specializing in unique, enduring home and lifestyle products that are quality-built and guaranteed to meet customer expectations. What began as a small retail store in Madison, Virginia in 1980 has grown to include a flagship brand, Plow & Hearth®, plus two others that have joined the family during the past quarter century. Plow & Hearth offers unique, high-quality products for home, hearth, yard and garden. Problem Solvers® provides practical solutions for everyday living. Wind & Weather® offers a complete selection of indoor and outdoor weather-related instruments and gifts, plus elegant home and garden ornaments. The Plow & Hearth family of brands also has a growing list of retail stores. For more information about Plow & Hearth, please visit www.plowhearth.com. About Cypress Equities Founded in 1995, Cypress Equities companies* have offices in Dallas, Atlanta, San Francisco, New York and Fort Lauderdale. Today, Cypress Equities companies are developing and/or managing approximately 10 million square feet in projects throughout the U.S. and Caribbean, consisting of community and power centers, as well as vertically integrated mixed-use villages that incorporate retail, residential, hotel and offices. 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.
  • 3. Plow & Hearth Opening at Village at Leesburg, page 2 About Kettler Founded by Robert C. Kettler in 1977, Kettler is among the largest private real estate and property management companies based in the DC metro area and one of the nation’s top multifamily developers. The firm’s diverse business model has led to the delivery of five million square feet of commercial space and over 50,000 homes in its master-planned communities. Kettler’s rental portfolio includes high-end, market rate, affordable and fee managed assets, and the management company has been awarded the Pillars of the Industry Award. Currently, Kettler is developing commercial, resort and transit-oriented mixed-use projects. For more information, please visit www.Kettler.com. ### For additional information: Randa McMinn Cecille Tynes Cypress Equities Kettler 214-561-6007 703-226-6040