June 9, 2008

JDF Development Signs Lease With Famous Footwear

Contact: Tim Jordan
JDF Development


June 9, 2008 (Carmel, IN) - A new 6,580 square foot Famous Footwear store will be opening next spring in the Tri-State Commons shopping center anchored by Kohl's Department Store and located at 3308 N. Wayne Street, Angola, IN, according to an announcement made today by Joe Farr of JDF Development. This new Angola location will be store #2953 for Brown Shoe Company, the parent company of Famous Footwear.

"We are pleased to announce that we have signed a ten year lease with such a strong national company as Brown Shoe to kick off the pre-leasing for our new 26,450 square foot Kohl's Department Store anchored development in Angola," said Farr. "The fact that Kohl's is a great cotenant for Famous Footwear and that we were able to pre-lease 25% of our shopping center with such a well vertically integrated company as Brown Shoe makes this a great deal for both of us," added Farr.

JDF Development represented the landlord, JDF Angola LLC, while Brown Shoe Company represented itself.

Brown Shoe Company is a consumer-focused, brand-driven global footwear company with a compelling portfolio of brands. Through their unique powerful platform -- comprised of partnerships with department stores, national chains and independent retailers on behalf of their footwear brands, as well as our their own retail stores, catalogs and e-commerce sites - they put more than 100 million pairs of shoes on the feet of women, men and kids around the world each year.

Led by their more than 1,100 store Famous Footwear chain, Brown Shoe offers consumers attractive and convenient shopping environments in which to find fashion-right footwear and excellent value. Brown Shoe Company common stock is traded on The New York Stock Exchange under the ticker symbol "BWS".

Founded in Carmel, IN, in 2006, JDF Development provides construction, development, leasing and property management services for its retail properties in the Midwest. For more information about JDF Development, please visit the website: http://www.jdfdevelopment.com/.

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