7.31.2008

July 31, 2008

JDF Development Closes on Land in Angola, Indiana

Contact: Tim Jordan
JDF Development
317.509.4513
tjordan@jdfdevelopment.com



FOR IMMEDIATE RELEASE



July 31, 2008 (Carmel, IN) - Today JDF Development purchased a 3.97 acre parcel from Kohl's Department Store in Angola, Indiana according to an announcement made today by Joe Farr of JDF Development. Kohl's purchased 11.54 acres in February 2008 and sold 3.97 acres of excess property to JDF Development. The site is located adjacent to a future Kohl's store and an existing Menards Home Improvement store at 3308 N. Wayne Street, Angola, IN.

"We are pleased to announce that we were able to purchase this excess property parcel from such a great traffic generator as Kohl's with the added bonus of gaining cross access with another big box traffic generator in Menards," said Farr. "The fact that I have a relationship with Kohl's real estate coupled with our niche of developing adjacent to big box retailers in small to medium sized markets allowed us the ability to purchase this highly desired parcel in the heart of the retail trade area of Angola, IN," added Farr. "Kohl's is currently under construction, building a 65,000 square foot store, while we plan to begin construction immediately because we are currently 60% preleased with Famous Footwear, Dollar Tree, and Great Clips," said Farr. "I have been enjoying the fabulous recreational amenities of Angola for over fifteen years while keeping my eye on potential retail development opportunities in Angola. What attracted me to develop a shopping center here is that Angola is an under-retailed, true regional trade area, drawing from a population over 100,000 in Indiana, Ohio, and Michigan, not including the 100,000 seasonal recreational population. These very strong demographics are what attracted Kohl's to this market also, as Kohl's will not build a new store in a trade area smaller than 100,000," added Farr.

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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7.30.2008

July 30, 2008

JDF Development Signs Lease with Dollar Tree

Contact: Tim Jordan
JDF Development
317.509.4513
tjordan@jdfdevelopment.com


FOR IMMEDIATE RELEASE


July 30, 2008 (Carmel, IN) - A new 7,990 square foot Dollar Tree 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 Tim Jordan of JDF Development. Dollar Tree will be relocating from a different shopping center in Angola, thereby doubling the size of their previous store in Angola.

"We are pleased to announce that we have signed our second lease within six months with such a strong national company as Dollar Tree to continue the pre-leasing for our new 26,450 square foot Kohl's Department Store anchored development in Angola," said Jordan. "When we analyzed the market to determine the viability for this development, we noticed that Dollar Tree had outgrown its existing space in the market, had no opportunity to expand in their current location, and would likely have an interest in relocating to a new shopping center," added Jordan. "We were able to sign leases with Famous Footwear, Great Clips, and now Dollar Tree for this development, and are now 60% pre-leased," said Jordan.

Dawn Lyon of NAI Olympia Partners represented Dollar Tree; JDF Development represented the landlord, JDF Angola LLC.

Dollar Tree stores are bright, clean, and well organized. The stores are stocked with a wide array of gift bags, party supplies, housewares, seasonal decor, candy and food, toys, health and beauty care, gifts, stationery, books, and a variety of consumer items all priced at $1.00.

Conveniently located in shopping centers and malls, Dollar Tree is a national company with 4,000 stores in all 48 contiguous states. Dollar Tree, Inc. common stock is traded on The Nasdaq Stock Market under the ticker symbol "DLTR".

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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7.15.2008

July 15, 2008

JDF Development Completes Construction in Crawfordsville, Indiana

Contact: Tim Jordan
JDF Development
317.509.4513
tjordan@jdfdevelopment.com



FOR IMMEDIATE RELEASE



July 15, 2008 (Carmel, IN) - Today JDF Development completed construction of a 9,400 square foot shopping center located in front of the Home Depot store at 1740 US 231 South, Crawfordsville, IN. Crawfordsville Commons was constructed by L.D. Huff Construction.

"We are pleased to announce that we have completed construction of our shopping center in Crawfordsville in 113 days, are delivering the spaces to our tenants today, and both tenants should be open for business within the next thirty to sixty days, " said Joe Farr, owner of JDF Development. "The fact that we were fully financed and 100% pre-leased before we began construction, coupled with the ease of working with the City of Crawfordsville and the fact that the project came in on time and within budget made this a home run deal for JDF Development and the Crawfordsville community," added Farr. "We would sell the shopping center for the right price and soon it will be listed for sale," said Farr.

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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7.07.2008

July 7, 2008

JDF Development Signs Lease with Great Clips for Hair

Contact: Tim Jordan
JDF Development
317.509.4513
tjordan@jdfdevelopment.com


FOR IMMEDIATE RELEASE


July 7, 2008 (Carmel, IN) - A new 1,200 square foot Great Clips hair salon 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 Tim Jordan of JDF Development. This new Angola location will be the twentieth salon for this particular Great Clips franchisee.

"We are pleased to announce that we have signed a seven year lease with such a strong Great Clips franchisee to continue the pre-leasing for our new 26,450 square foot Kohl's Department Store anchored development in Angola," said Jordan. "When I first contacted this franchisee, he mentioned that Angola was on his radar to open a new salon for some time, but he just could not find a good location," added Jordan.

JDF Development represented the landlord, JDF Angola LLC, while Great Clips represented itself.

Great Clips was established in 1982 in Minneapolis. Today, it has more than 2,700 salons throughout the United States and Canada, making it the largest single-brand salon in North America.

Great Clips salons employ nearly 30,000 stylists who receive ongoing training to learn advanced skills and the latest trends.

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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