SAUL CENTERS, INC. - FORM 10-Q - EX-99.(A) - EXHIBIT 99.(A) 3.31.2015 - May 7, 2015

Attached files

file filename
EX-31 - EXHIBIT 31 3.31.2015 - SAUL CENTERS, INC.bfs-03312015xex31.htm
EX-32 - EXHIBIT 32 3.31.2015 - SAUL CENTERS, INC.bfs-03312015xex32.htm
EXCEL - IDEA: XBRL DOCUMENT - SAUL CENTERS, INC.Financial_Report.xls
10-Q - 10-Q 3.31.2015 - SAUL CENTERS, INC.bfs-03312015x10q.htm


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exhibit 99 (a)
Saul Centers, Inc.
Schedule of Current Portfolio Properties
March 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Leasable Area (Square Feet)
 
Year Acquired or Developed (Renovated)
 
Land Area (Acres)
 
Percentage Leased as of March 31,
 
(1)
 
 
Property
 
Location
 
 
 
 
2015
 
2014
 
2013
 
2012
 
2011
 
Anchor / Significant Tenants
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Shopping Centers
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ashburn Village
 
Ashburn, VA
 
221,273

 
1994/00/01/02/06
 
26.4

 
93
%
 
93
%
 
92
%
 
91
%
 
88
%
 
Giant Food, Hallmark Cards, McDonald's, Burger King, Dunkin Donuts, Kinder Care
 
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
 
358,071

 
1972 (1993/99/07)
 
32.3

 
100
%
 
100
%
 
93
%
 
100
%
 
100
%
 
Lowe's Home Improvement Center, Giant Food, Outback Steakhouse, Marshalls, Hancock Fabrics, Home Goods, Party Depot, Panera Bread, TGI Fridays, Starbucks, Famous Dave's, Chipotle, Subway
 
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
 
121,269

 
2004
 
12.7

 
94
%
 
93
%
 
92
%
 
81
%
 
82
%
 
Publix, Wachovia Bank, Jaco Hybrid Training, Subway
 
Boulevard
 
Fairfax, VA
 
49,140

 
1994 (1999/09)
 
5.0

 
98
%
 
95
%
 
100
%
 
98
%
 
100
%
 
Panera Bread, Party City, Petco
 
Briggs Chaney MarketPlace
 
Silver Spring, MD
 
194,347

 
2004
 
18.2

 
99
%
 
99
%
 
99
%
 
100
%
 
100
%
 
Safeway, Ross Dress For Less, Family Dollar, Advance Auto Parts, McDonald's, Wendy's, Chuck E. Cheese's
 
Broadlands Village
 
Ashburn, VA
 
159,734

 
2003/4/6
 
24.0

 
93
%
 
93
%
 
85
%
 
90
%
 
87
%
 
Safeway, The All American Steakhouse, Bonefish Grill, Dollar Tree, Starbucks, Subway
 
Countryside Marketplace
 
Sterling, VA
 
137,662

 
2004
 
16.0

 
91
%
 
93
%
 
86
%
 
90
%
 
92
%
 
Safeway, CVS Pharmacy, Starbucks, McDonald's, 7-Eleven
 
Cranberry Square
 
Westminster, MD
 
141,450

 
2011
 
18.9

 
97
%
 
98
%
 
95
%
 
91
%
 
N/A

 
Giant Food, Staples, Party City, Pier 1 Imports, Jos. A. Bank, Wendy's, Giant Gas Station, Mattress Discounters
 
Cruse MarketPlace
 
Cumming, GA
 
78,686

 
2004
 
10.6

 
88
%
 
84
%
 
84
%
 
88
%
 
86
%
 
Publix, Subway, Orange Theory
 
Flagship Center
 
Rockville, MD
 
21,500

 
1972, 1989
 
0.5

 
100
%
 
100
%
 
100
%
 
100
%
 
100
%
 
Capital One Bank
 
French Market
 
Oklahoma City, OK
 
244,718

 
1974 (1984/98)
 
13.8

 
99
%
 
100
%
 
87
%
 
94
%
 
98
%
 
Burlington Coat Factory, Bed Bath & Beyond, Petco, The Tile Shop, Staples, Lakeshore Learning Center, Dollar Tree
 
Germantown
 
Germantown, MD
 
27,241

 
1992
 
2.7

 
100
%
 
81
%
 
81
%
 
91
%
 
79
%
 
Jiffy Lube, CVS
 
730/750 N. Glebe Road
 
Arlington, VA
 
18,874

 
2014/15
 
2.3

 
100
%
 
N/A

 
N/A

 
N/A

 
N/A

 
Rosenthal Mazda
 
The Glen
 
Woodbridge, VA
 
136,440

 
1994 (2005)
 
14.7

 
94
%
 
97
%
 
98
%
 
98
%
 
96
%
 
Safeway Marketplace, The All American Steakhouse, Panera Bread, Five Guys, Chipotle
 
Great Eastern
 
District Heights, MD
 
255,398

 
1972 (1995)
 
31.9

 
73
%
 
74
%
 
75
%
 
99
%
 
98
%
 
Pep Boys, No Excuse Workout, Room Style Furniture
 
Great Falls Center
 
Great Falls, VA
 
91,666

 
2008
 
11.0

 
100
%
 
96
%
 
98
%
 
99
%
 
92
%
 
Safeway, CVS Pharmacy, Capital One Bank, Starbucks, Subway
 
Hampshire Langley
 
Takoma Park, MD
 
131,700

 
1972 (1979)
 
9.9

 
100
%
 
100
%
 
100
%
 
95
%
 
100
%
 
Expo E Mart, Radio Shack, Starbucks, Chuck E. Cheese's, Sardi's Chicken
 
Hunt Club Corners
 
Apopka, FL
 
101,522

 
2006
 
13.9

 
94
%
 
97
%
 
94
%
 
94
%
 
94
%
 
Publix, Walgreens, Radio Shack, Hallmark
 
Jamestown Place
 
Altamonte Springs, FL
 
96,341

 
2005
 
10.9

 
90
%
 
89
%
 
91
%
 
92
%
 
92
%
 
Publix, Carrabas Italian Grill
 
Kentlands Square I
 
Gaithersburg, MD
 
114,381

 
2002
 
11.5

 
100
%
 
100
%
 
100
%
 
100
%
 
100
%
 
Lowe's Home Improvement Center, Chipotle
 
Kentlands Square II
 
Gaithersburg, MD
 
247,783

 
2011
 
23.4

 
98
%
 
99
%
 
96
%
 
100
%
 
N/A

 
Giant Food, Kmart, Party City, Panera Bread, Not Your Average Joe's, Payless Shoes, Hallmark, Chick-Fil-A, Coal Fire Pizza, Brasserie Beck, Cava Mezza Grill, Zengo Cycle
 
Kentlands Place
 
Gaithersburg, MD
 
40,648

 
2005
 
3.4

 
96
%
 
100
%
 
100
%
 
97
%
 
93
%
 
Elizabeth Arden's Red Door Salon, Bonefish Grill, Subway
 
 
 
Saul Centers, Inc.
 
Schedule of Current Portfolio Properties
 
March 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Leasable Area (Square Feet)
 
Year Acquired or Developed (Renovated)
 
Land Area (Acres)
 
Percentage Leased as of March 31,
 
(1)
 
 
Property
 
Location
 
 
 
 
2015
 
2014
 
2013
 
2012
 
2011
 
Anchor / Significant Tenants
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Shopping Centers (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lansdowne Town Center
 
Leesburg, VA
 
189,422

 
2006
 
23.4

 
98
%
 
98
%
 
94
%
 
96
%
 
92
%
 
Harris Teeter, CVS Pharmacy, Panera Bread, Not Your Average Joe's, Starbucks, Capital One Bank, Pike's Fish House, Blue Vino
 
Leesburg Pike Plaza
 
Baileys Crossroads, VA
97,752

 
1966 (1982/95)
 
9.4

 
100
%
 
96
%
 
100
%
 
95
%
 
100
%
 
CVS Pharmacy, Party Depot, FedEx Kinko's, Radio Shack, Verizon Wireless
 
Lumberton Plaza
 
Lumberton, NJ
 
192,718

 
1975 (1992/96)
 
23.3

 
93
%
 
94
%
 
93
%
 
82
%
 
90
%
 
Aldi, Rite Aid, Virtua Health Center, Radio Shack, Family Dollar, Retro Fitness, Big Lots, Burger King
 
Metro Pike Center
 
Rockville, MD
 
67,488

 
2010
 
4.6

 
80
%
 
92
%
 
84
%
 
74
%
 
89
%
 
McDonald's, Jennifer Convertibles, Dunkin Donuts, 7-Eleven, Mattress Warehouse
 
Shops at Monocacy
 
Frederick, MD
 
109,144

 
2004
 
13.0

 
97
%
 
93
%
 
93
%
 
86
%
 
90
%
 
Giant Food, Giant Gas Station, Panera Bread, Starbucks, Five Guys, California Tortilla, Firehouse Subs, Comcast
 
Northrock
 
Warrenton, VA
 
99,789

 
2009
 
15.4

 
95
%
 
87
%
 
82
%
 
81
%
 
75
%
 
Harris Teeter, Longhorn Steakhouse, Ledo's Pizza, Capital One Bank, Jos. A Bank
 
Olde Forte Village
 
Ft. Washington, MD
 
143,577

 
2003
 
16.0

 
99
%
 
97
%
 
96
%
 
93
%
 
91
%
 
Safeway, Advance Auto Parts, Dollar Tree, Radio Shack, McDonald's, Wendy's, Ledo's Pizza
 
Olney
 
Olney, MD
 
53,765

 
1975 (1990)
 
3.7

 
89
%
 
94
%
 
94
%
 
95
%
 
94
%
 
Rite Aid, Olney Grill, Ledo's Pizza, Popeye's
 
Orchard Park
 
Dunwoody, GA
 
87,365

 
2007
 
10.5

 
98
%
 
97
%
 
92
%
 
88
%
 
91
%
 
Kroger, GNC, Subway, Pacific Dental
 
Palm Springs Center
 
Altamonte Springs, FL
 
126,446

 
2005
 
12.0

 
91
%
 
98
%
 
98
%
 
94
%
 
92
%
 
Albertson's, Duffy's Sports Grill, Toojay's Deli, The Tile Shop
 
Ravenwood
 
Baltimore, MD
 
93,328

 
1972 (2006)
 
8.0

 
99
%
 
94
%
 
91
%
 
91
%
 
91
%
 
Giant Food, Starbucks
 
11503 Rockville Pk / 5541 Nicholson Ln
 
Rockville, MD
 
40,249

 
2010 / 2012
 
3.0

 
63
%
 
70
%
 
70
%
 
100
%
 
100
%
 
Staples, Casual Male
 
1500/1580/1582/1584 Rockville Pike
 
Rockville, MD
 
110,128

 
2012/2014
 
10.3

 
86
%
 
100
%
 
91
%
 
N/A

 
N/A

 
Party City, CVS, Sheffield Furniture
 
Seabreeze Plaza
 
Palm Harbor, FL
 
146,673

 
2005
 
18.4

 
95
%
 
97
%
 
91
%
 
96
%
 
95
%
 
Publix, Earth Origins Health Food, Petco, Planet Fitness, Vision Works, My Salon Suites
 
Marketplace at Sea Colony
 
Bethany Beach, DE
 
21,677

 
2008
 
5.1

 
91
%
 
95
%
 
90
%
 
95
%
 
78
%
 
Seacoast Realty, Armand's Pizza, Candy Kitchen, Turquoise Restaurant
 
Seven Corners
 
Falls Church, VA
 
574,831

 
1973 (1994-7/07)
 
31.6

 
100
%
 
100
%
 
100
%
 
91
%
 
100
%
 
The Home Depot, Shoppers Food & Pharmacy, Michaels Arts & Crafts, Barnes & Noble, Ross Dress For Less, Ski Chalet, G Street Fabrics, Off-Broadway Shoes, JoAnn Fabrics, Dress Barn, Starbucks, Dogfishhead Ale House, Red Robin Gourmet Burgers, Chipotle, Wendy's, Burlington Coat Factory
 
Severna Park Marketplace
 
Severna Park, MD
 
254,174

 
2011
 
20.6

 
100
%
 
100
%
 
100
%
 
100
%
 
N/A

 
Giant Food, Kohl's, Office Depot, A.C. Moore, Goodyear, Chipotle, McDonald's, Jos. A. Bank, Radio Shack, Atlanta Bread Company, Five Guys, Unleashed (Petco)
 
Shops at Fairfax
 
Fairfax, VA
 
68,762

 
1975 (1993/99)
 
6.7

 
98
%
 
96
%
 
100
%
 
100
%
 
93
%
 
Super H Mart
 
Smallwood Village Center
 
Waldorf, MD
 
174,749

 
2006
 
25.1

 
72
%
 
74
%
 
70
%
 
69
%
 
64
%
 
Safeway, CVS Pharmacy, Family Dollar
 
Southdale
 
Glen Burnie, MD
 
484,035

 
1972 (1986)
 
39.6

 
89
%
 
88
%
 
97
%
 
93
%
 
94
%
 
The Home Depot, Michaels Arts & Crafts, Marshalls, PetSmart, Value City Furniture, Athletic Warehouse, Starbucks, Gallo Clothing, Office Depot, The Tile Shop
 
Saul Centers, Inc.
 
Schedule of Current Portfolio Properties
 
March 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Leasable Area (Square Feet)
 
Year Acquired or Developed (Renovated)
 
Land Area (Acres)
 
Percentage Leased as of March 31,
 
(1)
 
 
Property
 
Location
 
 
 
 
2015
 
2014
 
2013
 
2012
 
2011
 
Anchor / Significant Tenants
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Shopping Centers (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Southside Plaza
 
Richmond, VA
 
371,761

 
1972
 
32.8

 
98
%
 
98
%
 
98
%
 
93
%
 
92
%
 
Community Supermarket, Maxway, Citi Trends, City of Richmond, McDonald's, Burger King, Kool Smiles, Anna's Linens, Hibachi Grill
 
South Dekalb Plaza
 
Atlanta, GA
 
163,418

 
1976
 
14.6

 
95
%
 
94
%
 
88
%
 
89
%
 
82
%
 
Maxway, Big Lots, Emory Clinic, Deal$ (Dollar Tree), Shoe Land
 
Thruway
 
Winston-Salem, NC
 
362,456

 
1972 (1997)
 
30.5

 
97
%
 
95
%
 
94
%
 
90
%
 
90
%
 
Harris Teeter, Trader Joe's, Stein Mart, Talbots, Hanes Brands, Jos. A. Bank, Bonefish Grill, Chico's, Ann Taylor Loft, Coldwater Creek, Rite Aid, FedEx Kinkos, Plow & Hearth, New Balance, Aveda Salon, Christies Hallmark, Carter's Kids, McDonald's, Chick-Fil-A, Wells Fargo Bank, Francesca's Collections, Great Outdoor Provision Company, White House / Black Market, Soma
 
Village Center
 
Centreville, VA
 
146,032

 
1990
 
17.2

 
98
%
 
96
%
 
99
%
 
94
%
 
92
%
 
Giant Food, Tuesday Morning, Starbucks, McDonald's, Pet Supplies Plus, Bikram Yoga
 
Westview Village
 
Frederick, MD
 
97,145

 
2009
 
11.6

 
93
%
 
88
%
 
86
%
 
57
%
 
45
%
 
Mimi's Cafe, Sleepy's, Music & Arts, Firehouse Subs, CiCi's Pizza, Café Rio, Five Guys, Regus
 
White Oak
 
Silver Spring, MD
 
480,676

 
1972 (1993)
 
27.9

 
100
%
 
100
%
 
100
%
 
99
%
 
99
%
 
Giant Food, Sears, Walgreens, Boston Market, Sarku, Capital One Bank
 
 
 
 
Total Shopping Centers
(3)
7,886,184

 
 
 
759.9

 
94.8
%
 
94.8
%
 
93.6
%
 
92.7
%
 
92.5
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Saul Centers, Inc.
Schedule of Current Portfolio Properties
March 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Leasable Area (Square Feet)
 
Year Acquired or Developed (Renovated)
 
Land Area (Acres)
 
Percentage Leased as of March 31,
 
(1)
 
 
Property
 
Location
 
 
 
 
2015
 
2014
 
2013
 
2012
 
2011
 
Anchor / Significant Tenants
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mixed-Use Properties
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Avenel Business Park
 
Gaithersburg, MD
 
390,683

 
1981-2000
 
37.1

 
89
%
 
92
%
 
82
%
 
82
%
 
81
%
 
General Services Administration, Gene Dx, Inc., Direct Buy
 
Clarendon Center-North Block
 
Arlington, VA
 
108,387

 
2010
 
0.6

 
96
%
 
96
%
 
96
%
 
86
%
 
75
%
 
Pete's New Haven Pizza, AT&T, Four Sisters Grill, Airline Reporting Corporation
 
Clarendon Center-South Block
 
Arlington, VA
 
104,894

 
2010
 
1.3

 
100
%
 
100
%
 
100
%
 
99
%
 
57
%
 
Trader Joe's, Circa, Burke & Herbert Bank, Bracket Room, Cannon Design, Winston Partners, Keppler Speakers Bureau, ECG Management Co., Leadership Institute, Capital One
 
Clarendon Center Residential-South Block (244 units)
 
188,671

 
2010
 
 
 
98
%
 
99
%
 
100
%
 
98
%
 
92
%
 
 
 
Crosstown Business Center
 
Tulsa, OK
 
197,127

 
1975 (2000)
 
22.4

 
85
%
 
81
%
 
81
%
 
87
%
 
87
%
 
Roxtec, Keystone Automotive, Freedom Express, Direct TV, Auto Panels Plus
 
601 Pennsylvania Ave.
 
Washington, DC
 
227,021

 
1973 (1986)
 
1.0

 
98
%
 
95
%
 
95
%
 
95
%
 
95
%
 
National Gallery of Art, American Assn. of Health Plans, Credit Union National Assn., Southern Company, HQ Global, Freedom Forum, Pharmaceutical Care Management Assn., Capital Grille
 
Washington Square
 
Alexandria, VA
 
236,376

 
1975 (2000)
 
2.0

 
92
%
 
86
%
 
87
%
 
92
%
 
77
%
 
Vanderweil Engineering, AECOM, Freeman Decorating Services, Tauri Group, Cooper Carry, Bank of America, Marketing General, Alexandria Economic Development, Trader Joe's, Fed Ex Kinko's, Talbots, Teaism Restaurant, Starbucks, Cardinal Bank
 
 
 
 
Total Mixed-Use Properties
(3)
1,453,159

 
 
 
64.4

 
92.2
%
 
90.7
%
 
87.7
%
 
88.7
%
 
81.2
%
 
(2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Portfolio
(3)
9,339,343

 
 
 
824.3

 
94.5
%
 
94.3
%
 
92.8
%
 
92.2
%
 
90.8
%
 
(2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and Development Parcels
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ashland Square Phase II
 
Manassas, VA
 
 
 
2004
 
17.3

 
Marketing to grocers and other retail businesses, with a development timetable yet to be finalized.
 
Park Van Ness
 
Washington, DC
 
 
 
1973/2011
 
1.4

 
Construction of a 271-unit residential project with street-level retail is currently in process.
 
New Market
 
New Market, MD
 
 
 
2005
 
35.5

 
Parcel will accommodate retail development in excess of 120,000 SF near I-70, east of Frederick, Maryland. A development timetable has not been determined.
 
 
 
 
Total Development Properties
 
 
 
54.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1
)
 
Percentage leased is a percentage of rentable square feet leased for commercial space and a percentage of units leased for apartments. Includes only operating properties owned as of March 31, 2015. As such, prior year totals do not agree to prior year tables.
 
 
(2
)
 
Total percentage leased is for commercial space only.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(3
)
 
Prior year leased percentages for 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.



Stock widget

Investing forum

SAUL CENTERS, INC. Reports