9.29.2010

September 28, 2010

JDF Development Breaks Ground in Logansport, IN

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


FOR IMMEDIATE RELEASE


JDF DEVELOPMENT BREAKS GROUND IN LOGANSPORT, INDIANA


September 28, 2010 (Carmel, IN) – Today Logansport 2 LLC, an affiliate of JDF Development, broke ground on an 18,600 square foot shopping center located next to the new Wal-Mart Supercenter in Logansport, IN. Logansport 2 LLC closed on the property today as well and the shopping center is scheduled for completion December 2010. The name of the shopping center will be Cass County Commons.

“We are pleased to announce that we have begun construction of our fourth shopping center since the inception of JDF Development,” said Joe Farr, owner of JDF Development. “We feel we have designed a very upscale building for Logansport,” added Farr. “The fact that we were able to secure tenants to occupy 75% of the shopping center, and secure attractive financing to build the shopping center in these challenging economic times, is a testament to our slow growth and conservative approach,” 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: www.jdfdevelopment.com.

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September 28, 2010

JDF Development Closes on Land in Logansport, IN

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

FOR IMMEDIATE RELEASE


JDF DEVELOPMENT CLOSES ON LAND IN LOGANSPORT, INDIANA


September 28, 2010 (Carmel, IN) – Today Logansport 2 LLC, an affiliate of JDF Development, purchased a four acre parcel from River of Life Christian Church in Logansport, Indiana according to an announcement made today by Joe Farr of JDF Development. The site is located adjacent to a new Wal-Mart Supercenter scheduled to open October 2010. Logansport 2 LLC plans to develop an 18,600 square foot shopping center on the parcel.

“We are pleased to announce that we were able to purchase this parcel next to such a great traffic generator as Wal-Mart with the access to our shopping center from Wal-Mart’s main entrance drive at a stop light,” said Farr. “Wal-Mart is currently under construction, building their latest 155,000 square foot store design, while we plan to begin construction immediately as we are currently 75% preleased with Maurices, Arnold’s Fine Jewelry and Gifts, Petsense, and Great Clips,” said Farr. “When I built a shopping center in Logansport in 2006, I realized that Logansport was the largest city in Indiana that was still operating a regular Wal-Mart. I then discovered that Wal-Mart was in fact looking for a site to build a supercenter store and the only viable location was behind the Logansport Mall. I approached the River of Life Christian Church as they owned some excess land adjacent to the new Wal-Mart site that was a no brainer for us to continue our strategy of developing quality shopping centers with quality tenants next to a big box retailer in a middle market town,” 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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