Armada Hoffler Properties Brings Five National Retailers to Town Center of Virginia Beach

West Elm, Free People, lululemon, francesca’s and Tupelo Honey Cafe Join Anthropologie

Company Fulfills Anthropologie’s Co-tenancy Requirement

VIRGINIA BEACH, Va.--()--Armada Hoffler Properties, Inc. (NYSE: AHH) announced that West Elm, Free People, lululemon, francesca’s and Tupelo Honey Cafe have signed leases for retail space at the Town Center of Virginia Beach.

West Elm and Tupelo Honey Cafe will complement Anthropologie at the base of the newly constructed 4525 Main Street tower bringing the retail space in that new building to 100% leased. Free People, lululemon and francesca’s will be across the street in the South Retail section of Town Center.

Like Anthropologie, this will be West Elm, Free People, lululemon’s and Tupelo Honey Cafe’s first and only location in Southeastern Virginia.

“The addition of Anthropologie, and now West Elm, Free People, lululemon, francesca’s and Tupelo Honey Cafe to an already first class roster of retailers further demonstrates what we’ve known for years – that Town Center is the premier address in the region,” commented Louis Haddad, Chief Executive Officer. “We are delighted to round out the co-tenancy requirement for our anchor tenant, Anthropologie. Negotiations continue for 20,000 square feet of Town Center retail space that, once signed, will result in virtually 100% retail leased in Town Center.”

The mixed-use Town Center is the core of the Virginia Beach’s Central Business District. Spanning over 17 city blocks, Town Center provides a mix of multilevel upscale retail, Class A office, luxury residential, The Sandler Center for the Performing Arts and an array of cafes, restaurants and deluxe business hotels. The Town Center of Virginia Beach is being developed by Armada Hoffler Properties.

About Anthropologie and Free People

Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle specialty retail company operating under the Anthropologie, Free People, Terrain and Urban Outfitters brands.

Twenty years after being founded in Wayne, PA, Anthropologie remains a destination for women seeking a curated mix of clothing, accessories, gifts and home décor that reflects their personal style and fuels their passions, from fashion to art to entertaining. The company offers its customers signature products and unmatched service from its 187 stores throughout the United States, Canada and United Kingdom.

Founded in 1984, Free People encompasses over 75 stores in the United States and three wholesale showrooms. In addition, its direct-to-consumer catalog and website, provide an inspiring shopping experience for the carefree, confident and curious young woman who appreciates a distinctive assortment of apparel, accessories and housewares.

About lululemon athletica inc.

lululemon athletica (NASDAQ:LULU) is a yoga-inspired athletic apparel company that creates components for people to live long, healthy and fun lives. By producing products that help keep people active and stress free, lululemon believes that the world will be a better place. Setting the bar in technical fabrics and functional designs, lululemon works with yogis and athletes in local communities for continuous research and product feedback.

About West Elm

West Elm, a wholly owned subsidiary of Williams-Sonoma, Inc. (NYSE: WSM), is an upscale retail store that features contemporary furniture designs and other housewares. Since its 2002 launch, West Elm has been helping people express their personal style at home with authentic, affordable, and approachable products. With a focus on making things that matter, the brand collaborates with independent artists and craft communities to create statement pieces and seasonal collections that make a positive impact on people and the environment.

About Francesca's Holdings Corporation

francesca's® (NASDAQ:FRAN) is a growing specialty retailer with retail locations designed and merchandised to feel like independently owned, upscale boutiques providing customers a fun and differentiated shopping experience. The merchandise assortment is a diverse and balanced mix of apparel, jewelry, accessories and gifts. Today francesca's® operates 519 boutiques in 46 states and the District of Columbia also serves its customers through francescas.com.

About Tupelo Honey Cafe

Tupelo Honey Cafe is a southern-style restaurant with a healthy twist, including a gluten-free menu, serving traditional foods such as sweet potato biscuits or fried green tomatoes dished over goat-cheese grits and basil. Tupelo Honey Cafe will be open seven days a week for breakfast, lunch and dinner.

About Armada Hoffler Properties, Inc.

Armada Hoffler Properties, Inc. is a full service real estate company with extensive experience developing, building, owning and managing high-quality, institutional-grade office, retail and multifamily properties in attractive markets throughout the Mid-Atlantic United States. The Company has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.

Contacts

Armada Hoffler Properties, Inc.
Julie Loftus Trudell, 757-366-6692
Vice President of Investor Relations
JTrudell@ArmadaHoffler.com

Contacts

Armada Hoffler Properties, Inc.
Julie Loftus Trudell, 757-366-6692
Vice President of Investor Relations
JTrudell@ArmadaHoffler.com