Hobby Lobby Opens Second, Third and Fourth California Stores

Inland Western Retail Real Estate Trust Announces Three New Hobby Lobby Stores in Former Mervyn’s Locations

OAK BROOK, Ill.--(BUSINESS WIRE)--Inland Western Retail Real Estate Trust, Inc. (“Inland Western”) announced today that Inland Western MDS Portfolio LLC, one of its wholly owned subsidiaries, has signed three leases with top national crafting supply, home décor and gift retailer Hobby Lobby to occupy 227,450 square feet of former Mervyn’s locations in California.

“Hobby Lobby will be an excellent addition to these three well-established, high-traffic locations”

The three new stores, firsts to their respective markets, include a 76,211-square-foot location in Temecula, a 76,248-square-foot location in Roseville and a 74,991-square-foot location in Rancho Cucamonga. The stores are projected to open fall 2011.

The three Hobby Lobby locations are the second, third and fourth in the state of California, following the opening of the first location in Visalia, Calif. last year. Hobby Lobby is based out of Oklahoma and operates 486 stores in 40 states.

“Hobby Lobby will be an excellent addition to these three well-established, high-traffic locations,” said Jed Craig, vice president/leasing director of Inland Southwest Management LLC, a subsidiary of Inland Western. “We are pleased to enhance our business relationship with such a great retail partner and to help Hobby Lobby expand its California footprint.”

About Inland Western Retail Real Estate Trust, Inc.

We are a fully-integrated, self-administered and self-managed real estate company that owns and operates high quality, strategically located shopping centers and single-user retail properties. We are one of the largest owners and operators of shopping centers in the United States. As of March 31, 2011, our retail operating portfolio consisted of 264 properties with approximately 35,491,000 square feet of gross leasable area (GLA), was geographically diversified across 35 states and includes power centers, community centers, neighborhood centers and lifestyle centers, as well as single-user retail properties.

About Hobby Lobby

Based in Oklahoma City, Oklahoma, Hobby Lobby was started by David Green in 1972 with 300 square feet of retail space. From that modest beginning, Hobby Lobby has operates 403 stores in 33 states, with projected sales of $1.8 billion dollars in 2007. Hobby Lobby headquarters are located in a 3.4 million square foot manufacturing, distribution and office complex. The operation, now known as Hobby Lobby Creative Center is no longer just an arts and crafts store. With departments ranging from crafts, hobbies, picture framing, jewelry making, fashion fabrics, floral, cards & party, baskets, wearable art, home accents, and holiday supplies, Hobby Lobby is the place to shop for consumers that want super selection and super savings. For more information on Hobby Lobby Stores, please visit www.hobbylobby.com.