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MAR 30 2015

Statement From the Owners of Ballantyne Village

Charlotte N.C. - We have reached an agreement with the adjoining property owner to end the dispute between our companies regarding access to parking at Ballantyne Village.

Effective immediately, all spaces in the parking deck and surface lots will be open for use by visitors to Ballantyne Village. Removal of the bollards and gates is underway and will be completed before this weekend. Legal actions by both companies have been dropped.

We are very pleased to have reached this agreement for many reasons. Foremost, increasing the available parking will make visiting our property more convenient and enjoyable for shoppers and patrons, while helping to increase business for our tenants. The agreement also will enable the adjoining property owner to pursue its own development plans, which we see as productive and beneficial for all parties involved.

Following today's positive news about parking at Ballantyne Village, we look forward to announcing exciting new tenants and major capital improvements to the property in the near future.

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