Press Release

GIANT FOOD TO ANCHOR NEW MIXED-USE DEVELOPMENT IN THE CITY OF FAIRFAX

By August 3, 2017 No Comments
Washington, DC (August 3, 2017)

Combined Properties, Incorporated is pleased to announce that Giant Food has signed a lease for a 54,000 square foot, full‐service grocery store with pharmacy, at Scout® on the Circle, a new mixed‐use development located in the City of Fairfax, Virginia.

Scout on the Circle is a transit‐oriented development that will feature 400 Class‐A apartment units, 29,000 square feet of small shop retail, and anchored by the 54,000 square foot Giant Food. The project is prominently located at Fairfax Circle, flanked by Routes 50 and 29, providing great visibility and easy access to major highways.

“With the state of the art Giant Food anchoring this exciting mixed‐use development, Scout on the Circle is destined to be a premier property in the market” said Ronald S. Haft, Chairman of Combined Properties, “Residents will have ready access to D.C. Metro’s leading grocer that is noted for offering a superior shopping experience.”

“The City of Fairfax is very pleased that Combined Properties has this lease agreement with Giant Food for a store at Scout on the Circle.”, stated David Meyer, Mayor for the City of Fairfax. “Combined Properties has a first‐rate project that will become an iconic entrance to our community. We congratulate Combined Properties and Giant, and look forward to having this new commercial center in our city.”

The grocery store component was one of the critical elements to move the Scout project forward. Combined Properties is working diligently with Mayor David Meyer and municipal leaders from the City of Fairfax to finalize the necessary approvals and permits for the project. Combined Properties expects to begin construction on the project late 4Q 2017 – 1Q 2018.

“We are thrilled to be expanding our footprint in the Northern Virginia community with the addition of our new City of Fairfax store,” said Gordon Reid, President of Giant Food of Landover, Md. “For 81‐years, Giant has continually sought opportunities to serve the greatest number or people in the region, offering quality products and services that help save time and money. This new store will help us reach more of Northern Virginia’s residents, bringing them the service and quality for which Giant is known.”

Owned by Ahold USA, Giant operates 167 supermarkets in Virginia, Maryland, Delaware and Washington, DC. For more information on Giant visit: www.GiantFood.com

Jim Crilley and Dave Ward of H&R Retail represented the tenant in the transaction. Numa Jerome, Sr. Vice President ‐ East Coast Leasing for Combined Properties, represented the landlord.

 

The Developer

Combined Properties, Incorporated has a $1 billion portfolio comprised of 39 retail and mixed‐use properties totaling 4.8 million square feet and a $1.4 billion development pipeline in the Washington DC and Southern California metropolitan areas. Since its founding by Chairman Ronald S. Haft, Combined Properties has always looked for the true potential of a commercial property. The Company strives to apply its expertise in development, finance, leasing and asset management to shape projects into innovative retail and residential environments that instill pride in the people that live and shop there.

 

About Giant Food of Landover, Md.

Giant Food of Landover, Md. is committed to helping its customers save time, save money and eat well. Headquartered in Landover, Md., Giant operates 167 supermarkets in Virginia, Maryland, Delaware, and the District of Columbia, and employs approximately 20,000 associates. Included within the 167 stores are 157 fullservice pharmacies. Giant opened the first supermarket in the nation’s capital on February 6, 1936. Giving back to the community is a cornerstone that was instilled by the founders 80 years ago. The company’s core areas of giving include hunger, education, health and wellness, and supporting service members and military families. In 2016, Giant’s monetary and in‐kind contributions exceeded $14.6 million. For more information on Giant, visit www.giantfood.com.

Combined Properties Contact: Linda Dreyer, Director of Marketing (202) 736-2813

Giant Food Contact: Jamie Miller, Manager, Community and Public Relations (301) 341-8776