July 30, 2008

JDF Development Signs Lease with Dollar Tree

Contact: Tim Jordan
JDF Development


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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