EX-99.A 4 bfs-03312025xex99a.htm EX-99.A
Exhibit 99 (a)
Saul Centers, Inc.
Schedule of Current Portfolio Properties
March 31, 2025

|  |  |  |  |  |  |  |  | Percentage Leased as of March 31, |  |
Property | Location |  | Leasable Area (Square Feet) |  | Year Acquired or Developed (Renovated) |  | Land Area (Acres) |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 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 |  | 97% |  | 96% |  | 95% |  | 96% |  | 95% |  | Giant Food, Hallmark, McDonald's, 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 |  | 100% |  | 99% |  | 100% |  | 100% |  | 99% |  | 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, First Watch
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 |  | 99% |  | 100% |  | 100% |  | 97% |  | 88% |  | Publix, Palm Beach Fitness, Anima Domus, Foxtail Coffee
Boulevard | Fairfax, VA |  | 49,140 |  | 1994 (1999/09) |  | 4.9 |  | 100% |  | 100% |  | 100% |  | 96% |  | 97% |  | Panera Bread, 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 |  | 2003/2004/ 2006 |  | 24.0 |  | 96% |  | 100% |  | 96% |  | 92% |  | 90% |  | Aldi Grocery, The All American Steakhouse, 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 |  | 94% |  | 88% |  | 91% |  | 91% |  | 92% |  | Lotte Plaza Market, CVS Pharmacy, Starbucks, McDonald's, 7-Eleven, VA ABC, K-9 Luxury Pet Hotel
Cranberry Square | Westminster, MD |  | 141,450 |  | 2011 |  | 18.9 |  | 91% |  | 100% |  | 100% |  | 97% |  | 87% |  | Giant Food, Giant Gas Station, Staples, Wendy's, Sola Salons, Ledo Pizza, Hallmark
Cruse MarketPlace | Cumming, GA |  | 78,686 |  | 2004 |  | 10.6 |  | 96% |  | 96% |  | 91% |  | 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 |  | 75% |  | 63% |  | 79% |  | 75% |  | 76% |  | Burlington Coat Factory, The Tile Shop, Lakeshore Learning Center, Dollar Tree, Verizon, Raising Cane's, Skechers, Hobby Lobby, Mathis Sleep Center
Germantown | Germantown, MD |  | 18,982 |  | 1992 |  | 2.7 |  | 100% |  | 95% |  | 100% |  | 100% |  | 100% |  | CVS Pharmacy, Jiffy Lube
The Glen | Woodbridge, VA |  | 136,440 |  | 1994 (2005) |  | 14.7 |  | 100% |  | 100% |  | 99% |  | 94% |  | 98% |  | Safeway, Panera Bread, Five Guys, Chipotle
Great Falls Center | Great Falls, VA |  | 91,666 |  | 2008 |  | 11.0 |  | 100% |  | 100% |  | 100% |  | 98% |  | 98% |  | Safeway, CVS Pharmacy, Trustar Bank, Starbucks, Subway
Hampshire Langley | Takoma Park, MD |  | 131,700 |  | 1972 (1979) |  | 9.9 |  | 100% |  | 100% |  | 100% |  | 100% |  | 100% |  | 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% |  | 100% |  | 98% |  | 96% |  | 99% |  | Publix, Pet Supermarket, Boost Mobile
Jamestown Place | Altamonte Springs, FL |  | 96,201 |  | 2005 |  | 10.9 |  | 100% |  | 98% |  | 100% |  | 100% |  | 100% |  | Carrabas Italian Grill, Orlando Health, Crunch Fitness, AT&T
Kentlands Square I | Gaithersburg, MD |  | 119,694 |  | 2002 |  | 11.5 |  | 100% |  | 100% |  | 100% |  | 100% |  | 100% |  | Lowe's Home Improvement Center, Chipotle, Starbucks, Shake Shack
Kentlands Square II and Kentlands Pad | Gaithersburg, MD |  | 253,322 |  | 2011 |  | 23.4 |  | 94% |  | 100% |  | 95% |  | 97% |  | 96% |  | Giant Food, At Home, 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% |  | 94% |  | 74% |  | 86% |  | 75% |  | Bonefish Grill, F45 Training, Dollar Tree
Lansdowne Town Center | Leesburg, VA |  | 196,817 |  | 2006 |  | 23.3 |  | 97% |  | 94% |  | 94% |  | 88% |  | 92% |  | 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 |  | 97% |  | 100% |  | 100% |  | 100% |  | 93% |  | CVS Pharmacy, Capital One Bank, Five Guys, Dollar Tree, Advanced Auto
Lumberton Plaza | Lumberton, NJ |  | 162,718 |  | 1975 (1992/96) |  | 23.3 |  | 56% |  | 67% |  | 66% |  | 66% |  | 66% |  | Aldi, Family Dollar, Burger King, Big Rich Fitness, Enterprise Rent-A-Car, Five Below
Metro Pike Center | Rockville, MD |  | 67,488 |  | 2010 |  | 4.6 |  | 96% |  | 96% |  | 83% |  | 85% |  | 84% |  | 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% |  | 100% |  | 98% |  | 100% |  | Giant Food, Panera Bread, Five Guys, California Tortilla, Firehouse Subs, Comcast, NTB, Wing Stop
Northrock | Warrenton, VA |  | 100,032 |  | 2009 |  | 15.4 |  | 94% |  | 94% |  | 96% |  | 94% |  | 99% |  | Harris Teeter, Longhorn Steakhouse, Ledo's Pizza, Capital One Bank, Novant Health
Olde Forte Village | Ft. Washington, MD |  | 143,577 |  | 2003 |  | 16.0 |  | 92% |  | 96% |  | 98% |  | 98% |  | 95% |  | 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 |  | 91% |  | 95% |  | 98% |  | 93% |  | 93% |  | Walgreens, Olney Grille, Ledo's Pizza, Popeye's, Sardi's Fusion
Orchard Park | Dunwoody, GA |  | 87,365 |  | 2007 |  | 10.5 |  | 99% |  | 96% |  | 99% |  | 100% |  | 99% |  | Kroger, Jett Ferry Dental
Palm Springs Center | Altamonte Springs, FL |  | 126,446 |  | 2005 |  | 12.0 |  | 95% |  | 98% |  | 98% |  | 97% |  | 100% |  | Publix, Toojay's Deli, The Tile Shop, Rockler Tools, Sola Salons
Ravenwood | Baltimore, MD |  | 93,328 |  | 1972 (2006) |  | 8.0 |  | 86% |  | 92% |  | 95% |  | 93% |  | 97% |  | Giant Food, Dominos, Bank of America
11503 Rockville Pk / 5541 Nicholson Ln | Rockville, MD |  | 40,249 |  | 2010 / 2012 |  | 3.0 |  | 57% |  | 57% |  | 57% |  | 61% |  | 61% |  | Dr. Boyd's Pet Resort, Metropolitan Emergency Animal Clinic
1500/1580 Rockville Pike | Rockville, MD |  | 64,781 |  | 2012/2014 |  | 10.2 |  | 80% |  | 100% |  | 98% |  | 100% |  | 100% |  | CVS Pharmacy
Seabreeze Plaza | Palm Harbor, FL |  | 146,673 |  | 2005 |  | 18.4 |  | 97% |  | 97% |  | 96% |  | 93% |  | 96% |  | Publix, Petco, Planet Fitness, Vision Works, Sanitas Medical Center
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% |  | 100% |  | 98% |  | 98% |  | 99% |  | 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% |  | 94% |  | 95% |  | 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, Chase Bank
Shops at Fairfax | Fairfax, VA |  | 68,762 |  | 1975 (1993/99) |  | 6.7 |  | 100% |  | 100% |  | 100% |  | 98% |  | 97% |  | 99 Ranch
Smallwood Village Center | Waldorf, MD |  | 173,341 |  | 2006 |  | 25.1 |  | 84% |  | 92% |  | 91% |  | 80% |  | 81% |  | Safeway, Family Dollar, Won's Beauty Outlet
Southdale | Glen Burnie, MD |  | 485,628 |  | 1972 (1986) |  | 39.8 |  | 99% |  | 99% |  | 100% |  | 95% |  | 94% |  | 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 |  | 98% |  | 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 |  | 75% |  | 94% |  | 94% |  | 94% |  | 87% |  | Emory Clinic, Roses, Deal $, Humana Oak Street Health
Thruway | Winston-Salem, NC |  | 368,688 |  | 1972 (1997) |  | 31.5 |  | 95% |  | 96% |  | 91% |  | 87% |  | 80% |  | 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
Village Center | Centreville, VA |  | 145,651 |  | 1990 |  | 17.2 |  | 94% |  | 94% |  | 90% |  | 87% |  | 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% |  | 100% |  | 99% |  | 93% |  | 92% |  | 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 |  | 99% |  | 100% |  | 100% |  | 100% |  | 100% |  | Giant Food, Sears, Walgreens, Sarku Japan
| Total Shopping Centers | (1) | 7,808,783 |  |  |  | 766.6 |  | 94.9% |  | 95.6% |  | 95.2% |  | 93.8% |  | 93.1% |  |
Mixed-Use Properties (3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Avenel Business Park | Gaithersburg, MD |  | 390,683 |  | 1981-2000 |  | 37.1 |  | 94% |  | 97% |  | 96% |  | 90% |  | 95% |  | General Services Administration, Gene Dx, Inc., American Type Culture Collection, Inc.
Clarendon Center-North Block | Arlington, VA | (4) | 108,386 |  | 2010 |  | 0.6 |  | 93% |  | 89% |  | 86% |  | 85% |  | 83% |  | Airlines Reporting Corporation, AT&T Mobility, Chipotle
Clarendon Center-South Block | Arlington, VA | (4) | 104,894 |  | 2010 |  | 1.3 |  | 53% |  | 53% |  | 71% |  | 88% |  | 86% |  | Trader Joe's, Circa, Burke & Herbert Bank, South Block Blends, Leadership Institute, Massage Envy
Clarendon Center Residential-South Block (244 units) | Arlington, VA | (4) | 188,671 |  | 2010 |  |  |  | 99% |  | 99% |  | 99% |  | 96% |  | 98% |  |
Park Van Ness- Residential (271 units) | Washington, DC | (4) | 214,600 |  | 2016 |  | 1.4 |  | 99% |  | 99% |  | 97% |  | 97% |  | 95% |  |
Park Van Ness-Retail | Washington, DC | (4) | 8,847 |  | 2016 |  |  |  | 76% |  | 76% |  | 32% |  | 100% |  | 100% |  | Sfoglina Pasta House, Rosedale
601 Pennsylvania Ave. | Washington, DC |  | 227,651 |  | 1973 (1986) |  | 1.0 |  | 91% |  | 82% |  | 79% |  | 78% |  | 79% |  | National Gallery of Art, American Assn. of Health Plans, Southern Company, Regus, Capital Grille
Washington Square | Alexandria, VA |  | 236,376 |  | 1975 (2000) |  | 2.0 |  | 83% |  | 87% |  | 75% |  | 71% |  | 78% |  | Academy of Managed Care Pharmacy, Cooper Carry, International Information Systems Security Certification Consortium, Trader Joe's, FedEx Office, Talbots, National Association of Drug Court Professionals (NADCP)
The Waycroft-Residential (491 units) | Arlington, VA | (4) | 404,709 |  | 2020 |  | 2.8 |  | 100% |  | 98% |  | 98% |  | 97% |  | 98% |  |
The Waycroft-Retail | Arlington, VA | (4) | 60,048 |  | 2020 |  |  |  | 100% |  | 100% |  | 100% |  | 100% |  | 90% |  | Target, Enterprise Rent-A-Car, Silver Diner, Salon Lofts
The Milton at Twinbrook Quarter (452 units) | Rockville, MD |  | 366,120 |  | 2024 |  | 2.8 |  | 71% |  | N/A |  | N/A |  | N/A |  | N/A |  |
Twinbrook Quarter Phase 1-Retail | Rockville, MD |  | 105,924 |  | 2024 |  |  |  | 92% |  | N/A |  | N/A |  | N/A |  | N/A |  | Wegmans
| Total Mixed-Use Properties | (1) | 2,416,909 |  |  |  | 49.0 |  | 87.9% |  | 87.1% |  | 84.6% |  | 83.4% |  | 86.0% | (2) |
| Total Portfolio | (1) | 10,225,692 |  |  |  | 815.6 |  | 93.9% |  | 94.5% |  | 93.9% |  | 92.5% |  | 92.2% | (2) |

Property | Location |  |  |  | Year Acquired or Developed (Renovated) |  | Land Area (Acres) |  | Development Activity
Land and Development Properties |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hampden House | Bethesda, MD |  |  |  | 2018 |  | 0.6 |  | Exterior façade installation is nearly complete. Interior work continues, with drywall being installed on the 25th floor and appliances on the 22nd floor. The development is expected to open in late 2025.
Twinbrook Quarter - Future Phases | Rockville, MD |  |  |  | 2021 |  | 6.3 |  | Development timetable yet to be finalized.
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 |  |  |  |  |  | 59.7 |  |  |  |  |  |  |  |  |  |  |  |
(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, The Waycroft and Twinbrook Quarter Phase 1 are all part of the same building as the commercial tenants at those locations.
(4) |  | Property is LEED certified.