FOR IMMEDIATE RELEASE

VILLAGE AT LEESBURG ADDS EXCITING NEW COMMUNITY ART GALLERY Loudoun Arts Council Opens Arts in the Village

LEESBURG, Va. (September 19, 2012) – Village at Leesburg is excited to announce the opening of Arts in the Village, a community art gallery operated by the Loudoun Arts Council. This venue offers local artists a place for displaying and selling their pieces of work to the Loudoun area. The Arts in the Village Gallery will be a 2,100-square-foot cooperative space dedicated to showcasing more than 20 of Loudoun’s most innovative artists’ work. The gallery is located at 1601 Village Market Blvd. Suite 116, near Potomac River Running and across from King Pinz. With a stylish atmosphere, the artwork will range from paintings, graphic art, pottery, wood, photography and more, all of which will be available for purchase. While shopping at Village at Leesburg, you might notice artists located throughout the property painting, sketching or performing. All artists are local and host a wide variety of styles and price ranges. The Grand Opening Celebration begins Friday, September 21 from 5 to 9 p.m. and features complimentary appetizers and champagne, provided by King Pinz, raffle prizes and an artist Meet & Greet. The celebration continues Saturday, September 22 from noon to 9 p.m. Leesburg Mayor Kristen C. Umstattd will welcome and open the gallery with a ribbon cutting ceremony at noon. There will be door and raffle prizes awarded throughout the day as guests enjoy live music and artist demonstrations all over the property. Complimentary food & beverages will also be available on Saturday. The weekend concludes on Sunday with the gallery open from noon to 6 p.m. and live artist demonstrations. “Leesburg is a hub for the arts and this new and exciting opportunity at the Village at Leesburg is a fresh way to connect the dots – literally and figuratively from one side of Town to the other,” said Marantha Edwards, Director of Economic Development for the Town of Leesburg. “It provides an opportunity for the artists to get more exposure, The makes a positive economic impact and improves sense of place that is created in an area that takes advantage of the myriad of artists.”

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