$500 Million Annapolis Towne Centre opens for business October 12

2-Million-Square Foot Development Features Retail, Office and Residential Components

Owings Mills, Md. (October 13, 2008) — The $500 million dollar Annapolis Towne Centre at Parole has officially opened, Developer Greenberg Gibbons announced today. The 2,000,000-square-foot, open-air development includes leading national retail stores and restaurants, as well as first-class office space and luxury condominiums and apartments.

“After five years in development, we are excited to move this project from paper to reality,” said Brian Gibbons, president and CEO of Greenberg Gibbons. “The goal for our team was to create a true community asset, so we have carefully listened to what local residents want, and have gone above and beyond to deliver a first class project.”

The Centre features two anchors, a 170,000-square-foot Target and one of the largest Whole Foods Market locations in the country, and a diverse mix of national and boutique stores and restaurants.

Twenty three of the Centre’s tenants will open by Thanksgiving, they include Anthropologie, As Kindred Spirits, AT&T, ATC Cleaners, BankAnnapolis, Charm City Run, Coldwater Creek, Desi Living Innovations, lucy activewear, lululemon athletica, Great Gatherings, Gordon Biersch Brewery Restaurant, Hair Cuttery, J. Jill, Paper Source, P.F. Chang’s China Bistro, Origins, Rockport, SECU Credit Union, Smyth Jewelers, Sur la Table, Talbots and Target.

An additional 21 tenants will open in 2009, including 24 Hour Fitness, Arhaus, Brio Tuscan Grille, Bed Bath & Beyond, Brooks Brothers, Daily Gill, Eastern Mountain Sports, MyEyeDr., PNC Bank, Real Seafood, Red Door Spa, The Chop House, Silver Diner, Sazzio’s, Urban Chic, White House/Black Market, Whole Foods Market and Ziki Japanese Steakhouse.

Greenberg has created a premier lifestyle destination at Annapolis Towne Centre. The project brings together some of the nation’s foremost names in retail, fine dining, luxury residential homes, commercial office space and hotels. “This was truly a once-in-a-lifetime opportunity to do something special,” says company chairman, Erwin L. Greenberg.

Before to breaking ground, the Annapolis Towne Centre, a re-development of the former Parole Shopping Plaza, underwent a $6 million environmental clean up effort to eliminate prior contamination to the soil created by cleaning fluid used at a former dry cleaning business. Developers also put in place a $5 million state-of-the-art stormwater management system to help protect the nearby Church Creek.