EX-99.A 4 bfs-09302024xex99a.htm EX-99.A

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Exhibit 99 (a)
Saul Centers, Inc.
Schedule of Current Portfolio Properties
September 30, 2024
|  |  |  |  |  | Leasable Area (Square Feet) |  | Year Acquired or Developed (Renovated) |  | Land Area (Acres) |  | Percentage Leased as of September 30, |  | (1)
|  | Property |  | Location |  |  |  |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Anchor / Significant Tenants
Shopping Centers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Ashbrook Marketplace |  | Ashburn, VA |  | 85,819 |  |  | 2018 (2019) |  | 13.7 |  |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | Lidl, Planet Fitness, Starbucks, Dunkin Donuts, Valvoline, Cafe Rio, McAlisters Deli, Apple Federal Credit Union
| Ashburn Village |  | Ashburn, VA |  | 221,596 |  |  | 1994-2006 |  | 26.4 |  |  | 98 | % |  | 96 | % |  | 95 | % |  | 96 | % |  | 96 | % |  | Giant Food, Hallmark, McDonald's, Burger King, Dunkin Donuts, Kinder Care, Blue Ridge Grill
| Ashland Square Phase I |  | Dumfries, VA |  | 23,120 |  |  | 2007 |  | 2.0 |  |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | Capital One Bank, CVS Pharmacy, The All American Steakhouse
| Beacon Center |  | Alexandria, VA |  | 359,671 |  |  | 1972 (1993/99/07) |  | 32.3 |  |  | 99 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | Lowe's Home Improvement Center, Giant Food, Home Goods, Outback Steakhouse, Marshalls, Party Depot, Panera Bread, TGI Fridays, Starbucks, Famous Dave's, Chipotle, Capital One Bank, Wendy's
| BJ's Wholesale Club |  | Alexandria, VA |  | 115,660 |  |  | 2008 |  | 9.6 |  |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | BJ's Wholesale Club
| Boca Valley Plaza |  | Boca Raton, FL |  | 121,365 |  |  | 2004 |  | 12.7 |  |  | 100 | % |  | 100 | % |  | 100 | % |  | 93 | % |  | 99 | % |  | Publix, Palm Beach Fitness, Anima Domus, Foxtail Coffee
| Boulevard |  | Fairfax, VA |  | 49,140 |  |  | 1994 (1999/09) |  | 4.9 |  |  | 100 | % |  | 100 | % |  | 96 | % |  | 96 | % |  | 97 | % |  | Panera Bread, Party City, Petco, JP Morgan Chase
| Briggs Chaney MarketPlace |  | Silver Spring, MD |  | 194,258 |  |  | 2004 |  | 18.2 |  |  | 98 | % |  | 98 | % |  | 98 | % |  | 95 | % |  | 97 | % |  | Global Food, Ross Dress For Less, Advance Auto Parts, McDonald's, Dunkin Donuts, Enterprise Rent-A-Car, Dollar Tree, Dollar General, Salon Plaza, Chipotle
| Broadlands Village |  | Ashburn, VA |  | 174,438 |  |  | 2003/4/6 |  | 24.0 |  |  | 100 | % |  | 99 | % |  | 92 | % |  | 92 | % |  | 93 | % |  | Aldi Grocery, The All American Steakhouse, Bonefish Grill, Dollar Tree, Starbucks, Minnieland Day Care, LA Fitness, Chase Bank, X-Golf, Inova Go Health
| Burtonsville Town Square |  | Burtonsville, MD | (4) | 139,928 |  |  | 2017 |  | 26.3 |  |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | Giant Food, Petco, Starbucks, Greene Turtle, Capital One Bank, CVS Pharmacy, Roy Rogers, Mr. Tire, Taco Bell
| Countryside Marketplace |  | Sterling, VA |  | 137,804 |  |  | 2004 |  | 16.0 |  |  | 88 | % |  | 91 | % |  | 85 | % |  | 93 | % |  | 95 | % |  | Lotte Plaza Market, CVS Pharmacy, Starbucks, McDonald's, 7-Eleven, VA ABC
| Cranberry Square |  | Westminster, MD |  | 141,450 |  |  | 2011 |  | 18.9 |  |  | 100 | % |  | 100 | % |  | 97 | % |  | 90 | % |  | 87 | % |  | Giant Food, Giant Gas Station, Staples, Party City, Wendy's, Sola Salons, Ledo Pizza, Hallmark
| Cruse MarketPlace |  | Cumming, GA |  | 78,686 |  |  | 2004 |  | 10.6 |  |  | 96 | % |  | 93 | % |  | 93 | % |  | 94 | % |  | 92 | % |  | Publix, Orange Theory, Anytime Fitness
| Flagship Center |  | Rockville, MD |  | 21,500 |  |  | 1972, 1989 |  | 0.5 |  |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | Chase Bank, Bank of America
| French Market |  | Oklahoma City, OK |  | 246,148 |  |  | 1974 (1984/98) |  | 13.8 |  |  | 80 | % |  | 63 | % |  | 75 | % |  | 76 | % |  | 97 | % |  | Burlington Coat Factory, Petco, The Tile Shop, Lakeshore Learning Center, Dollar Tree, Verizon, Raising Cane's, Skechers, Hobby Lobby, Mathis Brothers Sleep Center
| Germantown |  | Germantown, MD |  | 18,982 |  |  | 1992 |  | 2.7 |  |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | CVS Pharmacy, Jiffy Lube
| The Glen |  | Woodbridge, VA |  | 136,440 |  |  | 1994 (2005) |  | 14.7 |  |  | 100 | % |  | 100 | % |  | 99 | % |  | 98 | % |  | 98 | % |  | Safeway, Panera Bread, Five Guys, Chipotle
| Great Falls Center |  | Great Falls, VA |  | 91,666 |  |  | 2008 |  | 11.0 |  |  | 100 | % |  | 100 | % |  | 100 | % |  | 98 | % |  | 99 | % |  | Safeway, CVS Pharmacy, Trustar Bank, Starbucks, Subway
| Hampshire Langley |  | Takoma Park, MD |  | 131,700 |  |  | 1972 (1979) |  | 9.9 |  |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | 99 | % |  | Mega Mart, Starbucks, Chuck E. Cheese, Sardi's Chicken, Capital One Bank, Kool Smiles, Wells Fargo
| Hunt Club Corners |  | Apopka, FL |  | 106,886 |  |  | 2006 |  | 13.9 |  |  | 100 | % |  | 98 | % |  | 98 | % |  | 99 | % |  | 100 | % |  | Publix, Pet Supermarket, Boost Mobile
| Jamestown Place |  | Altamonte Springs, FL |  | 96,201 |  |  | 2005 |  | 10.9 |  |  | 100 | % |  | 99 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | Carrabas Italian Grill, Orlando Health, Crunch Fitness, AT&T
| Kentlands Square I |  | Gaithersburg, MD |  | 119,694 |  |  | 2002 |  | 11.5 |  |  | 98 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | Lowe's Home Improvement Center, Chipotle, Starbucks, Shake Shack
| Saul Centers, Inc.
| Schedule of Current Portfolio Properties
| September 30, 2024
|  |  |  |  |  | Leasable Area (Square Feet) |  | Year Acquired or Developed (Renovated) |  | Land Area (Acres) |  | Percentage Leased as of September 30, |  | (1)
|  | Property |  | Location |  |  |  |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Anchor / Significant Tenants
| Shopping Centers (continued) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Kentlands Square II and Kentlands Pad |  | Gaithersburg, MD |  | 253,322 |  |  | 2011 |  | 23.4 |  |  | 100 | % |  | 99 | % |  | 98 | % |  | 96 | % |  | 97 | % |  | Giant Food, At Home, Party City, Panera Bread, Hallmark, Chick-Fil-A, Coal Fire Pizza, Cava Mezza Grill, Truist Bank, Hand & Stone Massage, Crumbl Cookie, Quincy's Restaurant
| Kentlands Place |  | Gaithersburg, MD |  | 40,697 |  |  | 2005 |  | 3.4 |  |  | 100 | % |  | 74 | % |  | 82 | % |  | 88 | % |  | 75 | % |  | Bonefish Grill, F45 Training, Dollar Tree
| Lansdowne Town Center |  | Leesburg, VA |  | 196,817 |  |  | 2006 |  | 23.3 |  |  | 97 | % |  | 93 | % |  | 90 | % |  | 90 | % |  | 90 | % |  | Harris Teeter, CVS Pharmacy, Panera Bread, Starbucks, Ford's Oyster House, Fusion Learning, Chick-Fil-A, Chase Bank
| Leesburg Pike Plaza |  | Baileys Crossroads, VA | 97,752 |  |  | 1966 (1982/95) |  | 9.4 |  |  | 100 | % |  | 100 | % |  | 100 | % |  | 93 | % |  | 93 | % |  | CVS Pharmacy, Capital One Bank, Five Guys, Dollar Tree, Advanced Auto
| Lumberton Plaza |  | Lumberton, NJ |  | 162,718 |  |  | 1975 (1992/96) |  | 23.3 |  |  | 79 | % |  | 66 | % |  | 66 | % |  | 67 | % |  | 68 | % |  | Aldi, Family Dollar, Big Lots, Burger King, Big Rich Fitness, Enterprise Rent-A-Car, Five Below
| Metro Pike Center |  | Rockville, MD |  | 67,488 |  |  | 2010 |  | 4.6 |  |  | 96 | % |  | 96 | % |  | 85 | % |  | 84 | % |  | 85 | % |  | McDonald's, Dunkin Donuts, 7-Eleven, Palm Beach Tan, Mattress Warehouse, Salvation Army, Dollar Tree
| Shops at Monocacy |  | Frederick, MD |  | 111,341 |  |  | 2004 |  | 13.0 |  |  | 100 | % |  | 98 | % |  | 98 | % |  | 98 | % |  | 97 | % |  | Giant Food, Panera Bread, Five Guys, California Tortilla, Firehouse Subs, Comcast, NTB, Wing Stop
| Northrock |  | Warrenton, VA |  | 100,032 |  |  | 2009 |  | 15.4 |  |  | 94 | % |  | 96 | % |  | 96 | % |  | 94 | % |  | 94 | % |  | Harris Teeter, Longhorn Steakhouse, Ledo's Pizza, Capital One Bank, Novant Health
| Olde Forte Village |  | Ft. Washington, MD |  | 143,577 |  |  | 2003 |  | 16.0 |  |  | 92 | % |  | 99 | % |  | 98 | % |  | 96 | % |  | 92 | % |  | Safeway, Advance Auto Parts, Dollar Tree, McDonald's, Wendy's, Ledo's Pizza, M&T Bank
| Olney |  | Olney, MD |  | 53,765 |  |  | 1975 (1990) |  | 3.7 |  |  | 95 | % |  | 95 | % |  | 95 | % |  | 91 | % |  | 92 | % |  | Walgreens, Olney Grille, Ledo's Pizza, Popeye's, Sardi's Fusion
| Orchard Park |  | Dunwoody, GA |  | 87,365 |  |  | 2007 |  | 10.5 |  |  | 99 | % |  | 99 | % |  | 100 | % |  | 99 | % |  | 99 | % |  | Kroger, Jett Ferry Dental
| Palm Springs Center |  | Altamonte Springs, FL |  | 126,446 |  |  | 2005 |  | 12.0 |  |  | 95 | % |  | 98 | % |  | 97 | % |  | 98 | % |  | 100 | % |  | Publix, Duffy's Sports Grill, Toojay's Deli, The Tile Shop, Rockler Tools, Humana Health, Sola Salons
| Ravenwood |  | Baltimore, MD |  | 93,328 |  |  | 1972 (2006) |  | 8.0 |  |  | 92 | % |  | 92 | % |  | 91 | % |  | 100 | % |  | 97 | % |  | Giant Food, Dominos, Bank of America
| 11503 Rockville Pk / 5541 Nicholson Ln |  | Rockville, MD |  | 40,249 |  |  | 2010 / 2012 |  | 3.0 |  |  | 57 | % |  | 57 | % |  | 61 | % |  | 61 | % |  | 61 | % |  | Dr. Boyd's Pet Resort, Metropolitan Emergency Animal Clinic
| 1500/1580 Rockville Pike |  | Rockville, MD |  | 64,781 |  |  | 2012/2014 |  | 10.2 |  |  | 100 | % |  | 100 | % |  | 98 | % |  | 100 | % |  | 78 | % |  | Party City, CVS Pharmacy
| Seabreeze Plaza |  | Palm Harbor, FL |  | 146,673 |  |  | 2005 |  | 18.4 |  |  | 99 | % |  | 97 | % |  | 94 | % |  | 94 | % |  | 96 | % |  | Publix, Petco, Planet Fitness, Vision Works, Sanitas Medical
| Marketplace at Sea Colony |  | Bethany Beach, DE |  | 21,677 |  |  | 2008 |  | 5.1 |  |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | Armand's Pizza, Candy Kitchen, Summer Salts, Fin's Alehouse, Vacasa
| Seven Corners |  | Falls Church, VA |  | 573,481 |  |  | 1973 (1994-7/07) |  | 31.6 |  |  | 100 | % |  | 99 | % |  | 97 | % |  | 99 | % |  | 97 | % |  | The Home Depot, Giant Food, Michaels Arts & Crafts, Barnes & Noble, Ross Dress For Less, Ski Chalet, Off-Broadway Shoes, JoAnn Fabrics, Starbucks, Red Robin Gourmet Burgers, Chipotle, Wendy's, Burlington Coat Factory, Mattress Warehouse, J. P. Morgan Chase, Five Below, Raising Canes
| Severna Park Marketplace |  | Severna Park, MD |  | 254,011 |  |  | 2011 |  | 20.6 |  |  | 96 | % |  | 95 | % |  | 94 | % |  | 89 | % |  | 89 | % |  | Giant Food, Kohl's, Office Depot, Goodyear, Chipotle, McDonald's, Five Guys, Jersey Mike's, Bath & Body Works, Wells Fargo, MOD Pizza, Petco, AT&T
| Saul Centers, Inc.
| Schedule of Current Portfolio Properties
| September 30, 2024
|  |  |  |  |  | Leasable Area (Square Feet) |  | Year Acquired or Developed (Renovated) |  | Land Area (Acres) |  | Percentage Leased as of September 30, |  | (1)
|  | Property |  | Location |  |  |  |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Anchor / Significant Tenants
| Shopping Centers (continued) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Shops at Fairfax |  | Fairfax, VA |  | 68,762 |  |  | 1975 (1993/99) |  | 6.7 |  |  | 100 | % |  | 100 | % |  | 98 | % |  | 98 | % |  | 97 | % |  | 99 Ranch
| Smallwood Village Center |  | Waldorf, MD |  | 173,341 |  |  | 2006 |  | 25.1 |  |  | 92 | % |  | 91 | % |  | 90 | % |  | 81 | % |  | 75 | % |  | Safeway, CVS Pharmacy, Family Dollar
| Southdale |  | Glen Burnie, MD |  | 485,628 |  |  | 1972 (1986) |  | 39.8 |  |  | 99 | % |  | 99 | % |  | 96 | % |  | 94 | % |  | 98 | % |  | The Home Depot, Michaels Arts & Crafts, Marshalls, PetSmart, Value City Furniture, Athletic Warehouse, Starbucks, Gallo Clothing, Office Depot, The Tile Shop, Mercy Health Care, Massage Envy, Potbelly, Capital One Bank, Chipotle, Banfield Pet Hospital, Glory Days Grill, Bank of America, Grocery Outlet, Longhorn Steakhouse
| Southside Plaza |  | Richmond, VA |  | 371,761 |  |  | 1972 |  | 32.8 |  |  | 97 | % |  | 96 | % |  | 95 | % |  | 98 | % |  | 97 | % |  | Super Fresh, Citi Trends, City of Richmond, McDonald's, Burger King, Kool Smiles, Crafty Crab, Roses
| South Dekalb Plaza |  | Atlanta, GA |  | 163,418 |  |  | 1976 |  | 14.6 |  |  | 94 | % |  | 94 | % |  | 94 | % |  | 94 | % |  | 87 | % |  | Big Lots, Emory Clinic, Roses, Deal $, Humana Oak Street Health
| Thruway |  | Winston-Salem, NC |  | 367,399 |  |  | 1972 (1997) |  | 31.5 |  |  | 94 | % |  | 96 | % |  | 90 | % |  | 81 | % |  | 92 | % |  | Harris Teeter, Trader Joe's, Talbots, Hanes Brands, Jos. A. Bank, Chico's, Loft, FedEx Office, New Balance, Aveda Salon, Carter's Kids, McDonald's, Chick-Fil-A, Wells Fargo Bank, Francesca's Collections, Great Outdoor Provision Company, White House / Black Market, Soma, J. Crew, Chop't, Lululemon, Orange Theory, Athleta, Sephora, O2 Fitness, Hallmark, Sleep Number, The Good Feet Store, Hand & Stone Massage, Golf Galaxy, Warby Parker
| Village Center |  | Centreville, VA |  | 145,651 |  |  | 1990 |  | 17.2 |  |  | 94 | % |  | 94 | % |  | 94 | % |  | 95 | % |  | 88 | % |  | Giant Food, Starbucks, McDonald's, Pet Supplies Plus, Bikram Yoga, Truist Bank, Vitality Fitness
| Westview Village |  | Frederick, MD |  | 103,186 |  |  | 2009 |  | 11.6 |  |  | 100 | % |  | 99 | % |  | 97 | % |  | 91 | % |  | 99 | % |  | Silver Diner, Sleepy's, Music & Arts, Firehouse Subs, CiCi's Pizza, Café Rio, Five Guys, Regus, Krispy Kreme, Wendy's, State Employees Credit Union (SECU), GNC, Moby Dick's House of Kabobs, Wingstop
| White Oak |  | Silver Spring, MD |  | 480,676 |  |  | 1972 (1993) |  | 27.9 |  |  | 100 | % |  | 100 | % |  | 99 | % |  | 100 | % |  | 100 | % |  | Giant Food, Sears, Sarku Japan, Beauty 4 U
|  |  |  | Total Shopping Centers | (1) | 7,807,494 |  |  |  |  | 766.6 |  |  | 96.6 | % |  | 95.6 | % |  | 94.5 | % |  | 93.6 | % |  | 94.5 | % |  |
Saul Centers, Inc.
Schedule of Current Portfolio Properties
September 30, 2024
|  |  |  |  |  | Leasable Area (Square Feet) |  | Year Acquired or Developed (Renovated) |  | Land Area (Acres) |  | Percentage Leased as of September 30, |  | (1)
|  | Property |  | Location |  |  |  |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Anchor / Significant Tenants
Mixed-Use Properties (3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Avenel Business Park |  | Gaithersburg, MD |  | 390,683 |  |  | 1981-2000 |  | 37.1 |  |  | 97 | % |  | 96 | % |  | 90 | % |  | 93 | % |  | 94 | % |  | General Services Administration, Gene Dx, Inc., American Type Culture Collection, Inc.
| Clarendon Center-North Block |  | Arlington, VA | (4) | 108,386 |  |  | 2010 |  | 0.6 |  |  | 89 | % |  | 88 | % |  | 85 | % |  | 83 | % |  | 83 | % |  | AT&T Mobility, Chipotle, Airlines Reporting Corporation
| Clarendon Center-South Block |  | Arlington, VA | (4) | 104,894 |  |  | 2010 |  | 1.3 |  |  | 53 | % |  | 53 | % |  | 71 | % |  | 88 | % |  | 96 | % |  | Trader Joe's, Circa, Burke & Herbert Bank, South Block Blends, Keppler Speakers Bureau, Leadership Institute, Massage Envy
| Clarendon Center Residential-South Block (244 units) |  | Arlington, VA | (4) | 188,671 |  |  | 2010 |  |  |  | 99 | % |  | 98 | % |  | 97 | % |  | 99 | % |  | 94 | % |  |
| Park Van Ness- Residential (271 units) |  | Washington, DC | (4) | 214,600 |  |  | 2016 |  | 1.4 |  |  | 99 | % |  | 99 | % |  | 96 | % |  | 97 | % |  | 94 | % |  |
| Park Van Ness-Retail |  | Washington, DC | (4) | 8,847 |  |  | 2016 |  |  |  | 76 | % |  | 76 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | Sfoglina Pasta House
| 601 Pennsylvania Ave. |  | Washington, DC |  | 227,651 |  |  | 1973 (1986) |  | 1.0 |  |  | 95 | % |  | 79 | % |  | 78 | % |  | 78 | % |  | 94 | % |  | National Gallery of Art, American Assn. of Health Plans, Southern Company, Regus, Capital Grille
| Washington Square |  | Alexandria, VA |  | 236,376 |  |  | 1975 (2000) |  | 2.0 |  |  | 85 | % |  | 80 | % |  | 77 | % |  | 77 | % |  | 81 | % |  | Academy of Managed Care Pharmacy, Cooper Carry, National PACE Association, International Information Systems Security Certification Consortium, Trader Joe's, FedEx Office, Talbots
| The Waycroft-Residential (491 units) |  | Arlington, VA | (4) | 404,709 |  |  | 2020 |  | 2.8 |  |  | 100 | % |  | 97 | % |  | 98 | % |  | 98 | % |  | 52 | % |  |
| The Waycroft-Retail |  | Arlington, VA | (4) | 60,048 |  |  | 2020 |  |  |  | 100 | % |  | 100 | % |  | 100 | % |  | 91 | % |  | 90 | % |  | Target, Enterprise Rent-A-Car, Silver Diner, Salon Lofts
|  |  |  | Total Mixed-Use Properties | (1) | 1,944,865 |  |  |  |  | 46.2 |  |  | 89.3 | % |  | 84.4 | % |  | 83.1 | % |  | 85.0 | % |  | 90.3 | % |  | (2)
|  |  |  | Total Portfolio | (1) | 9,752,359 |  |  |  |  | 812.8 |  |  | 95.7 | % |  | 94.1 | % |  | 93.0 | % |  | 92.5 | % |  | 93.9 | % |  | (2)
|  | Property |  | Location |  | Leasable Area (Square Feet) |  | Year Acquired or Developed (Renovated) |  | Land Area (Acres) |  | Development Activity
Land and Development Parcels |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Hampden House |  | Bethesda, MD |  |  |  | 2018 |  | 0.6 |  |  | The building structure is substantially complete and removal of the tower crane is planned for November 2024. Exterior façade installation is nearing completion with window testing underway. Permanent power was energized in September 2024. Interior unit finishes are advancing up the tower including framing and drywall installation, painting and bathroom tile installation. Delivery is expected in late 2025.
| Twinbrook Quarter |  | Rockville, MD |  |  |  | 2021 |  | 8.2 |  |  | Construction of a 452-unit residential project with 105,000 square feet of retail space is substantially completed and the first residential tenants moved in during October 2024.
| Ashland Square Phase II |  | Manassas, VA |  |  |  | 2004 |  | 17.3 |  |  | Marketing to grocers and other retail businesses, with a development timetable yet to be finalized.
| New Market |  | New Market, MD |  |  |  | 2005 |  | 35.5 |  |  | Parcel will accommodate retail development in excess of 120,000 square feet near I-70, east of Frederick, Maryland. A development timetable has not been determined.
|  |  |  | Total Development Properties |  |  |  | 61.6 |  |  |  |  |  |  |  |  |  |  |  |  |
|  | (1) |  |  | Percentage leased is a percentage of rentable square feet leased for commercial space and a percentage of units leased for apartments. Prior year leased percentages, including Total Shopping Centers, Total Mixed-Use Properties and Total Portfolio have been recalculated to exclude the impact of properties sold or removed from service and, therefore, the percentages reported in this table may be different than the percentages previously reported.
|  | (2) |  |  | Total percentage leased is for commercial space only. |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | (3) |  |  | For the purposes of the property count listed elsewhere in this document, residential and commercial are combined. The residential units at Clarendon South, Park Van Ness and The Waycroft are all part of the same building as the commercial tenants at those locations.
|  | (4) |  |  | Property is LEED certified. |  |  |  |  |  |  |  |  |  |  |  |  |  |