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For Immediate Release
                                                                              Randa McMinn
                                                                                214.561.6007
                                                             randa.mcminn@cypressequities.com

         TROPICAL SMOOTHIE CAFÉ AND FRANCESCA’S COLLECTIONS
                SIGN RETAIL LEASES AT MIDTOWN VILLAGE

TUSCALOOSA, Ala. (September 12, 2012) – Midtown Village announced today that Tropical
Smoothie Café and Francesca’s Collections, have signed retail leases within the 350,000-square-
foot development. Tropical Smoothie Café, a national food and smoothie chain, will occupy
2,040 square feet in suite 306 and is expected to open in November. Francesca’s Collections, a
women’s specialty retail chain, will occupy 1,300 square feet in suite 217 and is expected to
open in early 2013. Martin Smith and Elizabeth Poindexter with Retail Specialists, Inc. assisted
in the transaction on behalf of Midtown Village, while Chad Atwood with Great South Real
Estate & Development assisted on behalf of Francesca’s Collections.

With more than 300 locations nationwide, Tropical Smoothie Café provides diners with healthier
food choices with a tropical twist. Tropical Smoothie Café offers made-to-order real-fruit
smoothies and gourmet salads, as well as other healthy menu options served in a relaxed and fun
atmosphere. All menu items are prepared to order using fresh ingredients, including real fruit
and only the highest quality meats and cheeses.

Francesca’s Collections, a Houston-based women’s specialty retail chain, currently has more
than 350 locations in 44 states. Francesca’s offers compelling value with a diverse mix of high-
quality apparel, jewelry, accessories and gifts at attractive prices. Known for their upscale and
fashion-forward apparel and accessories, the boutique chain only carries limited quantities of
handpicked items.

“We’re proud to add Tropical Smoothie Café and Francesca’s Collections to our merchant
roster,” said Michael Wheat, executive vice president, director of leasing for the developer.
“Both stores are well-recognized and will add to our current collection of national stores and
local boutiques, further diversifying our offerings at the property.”

About Midtown Village
A premier destination for visitors and a gathering place for the community, Midtown Village is a
vibrant 350,000-square-foot community in the heart of Tuscaloosa. With a unique combination
of national retailers including Barnes & Noble, Best Buy, Old Navy, Chico’s, NY & Co., LOFT,
and White House Black Market; specialty retail shops such as Charming Charlie, Lucca
Boutique and Soma Intimates; plus restaurants and cafés including LongHorn Steakhouse,
Panera Bread and Wings U, Midtown Village currently offers an assortment of more than fifty
merchants for convenient one-stop shopping. To complete the dynamic urban environment, the
project also features office suites available for lease. To learn more about Midtown Village,
please visit www.midtownvillagetuscaloosa.com.

About Cypress Equities
Cypress Equities companies* (Cypress) were first conceived in 1995 and have since established
a national reputation synonymous with the premier development, operation and management of
destination-class retail and mixed-use properties throughout the U.S. Historically, Cypress has
developed and/or managed more than 12 million square feet and currently is developing and/or
managing more than 7.5 million square feet of retail, office, residential and automotive real
estate. Today, there are six Cypress Equities offices throughout the U.S., including Dallas
(headquarters), New York, San Francisco, Chicago, Atlanta and Fort Lauderdale. Visit
www.cypressequities.com for more information.

* The Cypress Equities name, logo and other marks are trademarks and service marks being licensed to independent operating
companies by CE Brands, LLC. Any particular obligation, service or product is the sole responsibility of the specific entity that
incurs such obligation or supplies such service or product.

                                                               ###

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Tropical Smoothie Cafe and Francesca's Collections Sign Retail Leases at Midtown Village

  • 1. For Immediate Release Randa McMinn 214.561.6007 randa.mcminn@cypressequities.com TROPICAL SMOOTHIE CAFÉ AND FRANCESCA’S COLLECTIONS SIGN RETAIL LEASES AT MIDTOWN VILLAGE TUSCALOOSA, Ala. (September 12, 2012) – Midtown Village announced today that Tropical Smoothie Café and Francesca’s Collections, have signed retail leases within the 350,000-square- foot development. Tropical Smoothie Café, a national food and smoothie chain, will occupy 2,040 square feet in suite 306 and is expected to open in November. Francesca’s Collections, a women’s specialty retail chain, will occupy 1,300 square feet in suite 217 and is expected to open in early 2013. Martin Smith and Elizabeth Poindexter with Retail Specialists, Inc. assisted in the transaction on behalf of Midtown Village, while Chad Atwood with Great South Real Estate & Development assisted on behalf of Francesca’s Collections. With more than 300 locations nationwide, Tropical Smoothie Café provides diners with healthier food choices with a tropical twist. Tropical Smoothie Café offers made-to-order real-fruit smoothies and gourmet salads, as well as other healthy menu options served in a relaxed and fun atmosphere. All menu items are prepared to order using fresh ingredients, including real fruit and only the highest quality meats and cheeses. Francesca’s Collections, a Houston-based women’s specialty retail chain, currently has more than 350 locations in 44 states. Francesca’s offers compelling value with a diverse mix of high- quality apparel, jewelry, accessories and gifts at attractive prices. Known for their upscale and fashion-forward apparel and accessories, the boutique chain only carries limited quantities of handpicked items. “We’re proud to add Tropical Smoothie Café and Francesca’s Collections to our merchant roster,” said Michael Wheat, executive vice president, director of leasing for the developer. “Both stores are well-recognized and will add to our current collection of national stores and local boutiques, further diversifying our offerings at the property.” About Midtown Village
  • 2. A premier destination for visitors and a gathering place for the community, Midtown Village is a vibrant 350,000-square-foot community in the heart of Tuscaloosa. With a unique combination of national retailers including Barnes & Noble, Best Buy, Old Navy, Chico’s, NY & Co., LOFT, and White House Black Market; specialty retail shops such as Charming Charlie, Lucca Boutique and Soma Intimates; plus restaurants and cafés including LongHorn Steakhouse, Panera Bread and Wings U, Midtown Village currently offers an assortment of more than fifty merchants for convenient one-stop shopping. To complete the dynamic urban environment, the project also features office suites available for lease. To learn more about Midtown Village, please visit www.midtownvillagetuscaloosa.com. About Cypress Equities Cypress Equities companies* (Cypress) were first conceived in 1995 and have since established a national reputation synonymous with the premier development, operation and management of destination-class retail and mixed-use properties throughout the U.S. Historically, Cypress has developed and/or managed more than 12 million square feet and currently is developing and/or managing more than 7.5 million square feet of retail, office, residential and automotive real estate. Today, there are six Cypress Equities offices throughout the U.S., including Dallas (headquarters), New York, San Francisco, Chicago, Atlanta and Fort Lauderdale. Visit www.cypressequities.com for more information. * The Cypress Equities name, logo and other marks are trademarks and service marks being licensed to independent operating companies by CE Brands, LLC. Any particular obligation, service or product is the sole responsibility of the specific entity that incurs such obligation or supplies such service or product. ###