Bassett Furniture to Open New Showroom at Nokes Plaza at Dulles Town Center in Early 2016

Dulles, Virginia, February 9, 2015 – Nokes Plaza, Lerner’s 56,000 square foot mixed-use retail | medical | office development currently under construction at Dulles Town Center, recently leased 13,000 square feet to Bassett Furniture. Bassett Furniture will be located on a pad site at the corner of Nokes and City Center Boulevards. Bassett Furniture and Phase 1 of Nokes Plaza are projected to open in early 2016.

“We are pleased to welcome Bassett Furniture to Nokes Plaza as the anchor at our newest mixed-use development in Loudoun County, Virginia,” said Willam J. Winterburn, Vice President of Retail Leasing at Lerner. “With a location adjacent to Dulles Town Center mall and walking distance to nearly 1,300 apartment homes and townhomes, Nokes Plaza will provide retail, office and medical uses within our 554-acre Dulles Town Center master-planned development,” he added.

Bassett Furniture Industries, Inc. (Nasdaq: BSET; BassettFurniture.com), is a leading manufacturer and marketer of high-quality, mid-priced home furnishings.

Nokes Plaza at Dulles Town Center is a 56,000 square foot single-story retail | office | medical mixed-use development within Dulles Town Center in Loudoun County, Virginia. Phase 1 comprised of two buildings totaling over 34,000 square feet, is under construction with completion scheduled in early 2016. Nokes Plaza is located at the intersection of City Center and Nokes Boulevards immediately adjacent to Windmill Parc at Dulles Town Center, a 437 unit luxury apartment home community that will deliver its first phase in January 2015. David A. Gittleson, Nicholas M. Zuppas, and Peter G. Papantoniou of Gittleson Zuppas Commercial Realty, Inc. (GZRealty.net) of Bethesda, Maryland is leading the medical and office leasing and Emily G. Gagliardi (EGagliardi@Lerner.com) of Lerner is responsible for retail leasing within Nokes Plaza.

About Lerner

Based in Rockville, Maryland, Lerner (Lerner.com) was founded by Theodore N. Lerner in 1952 and, is one of Washington, D.C.’s largest private real estate developers. The company is involved in all phases of commercial, residential, retail, hotel and mixed-use real estate including planning, development, construction, leasing and asset and property management. Lerner has developed and currently manages more than 20 million square feet of office buildings, retail centers and residential communities. Lerner´s retail portfolio is comprised of many well-known developments such as Dulles Town Center (ShopDullesTownCenter.com), Dulles, VA; Fallsgrove Village Center (FallsgroveVillageCtr.com), Rockville, MD; Dulles 28 Centre (Dulles28Centre.com), Dulles, VA; Annapolis Harbour Center (AnnapolisHarbourCenter.com), Annapolis, MD; North Point Village Center (NorthPointVillage.com) and The Spectrum at Reston Town Center (TheSpectrumatRTC.com), both in Reston, VA; among many others.

Lerner’s development portfolio includes:

• The construction of 1775 Tysons Boulevard (Tysons2.com), a LEED® Platinum designed 476,000-square foot Class ‘A’ office tower, is projected to deliver in late 2015.
• The construction of Lerner Windmill Parc at Dulles Town Center (WindmillParcDTC.com; LiveLerner.com), a 437-unit luxury apartment home community in Dulles, Virginia. Phase I welcomed its first residents in January 2015.
• The completion of a major interior and exterior renovation of One Flint Hill (FlintHillPark.com), a 132,000-square foot six-story medical and commercial office building within Flint Hill Park in Fairfax, Virginia.
• The completion of Fallsgrove Plaza (FallsgroveOffice.com), a 110,000 square foot five-story state-of-the-art medical | office building at Shady Grove and Blackwell Roads in Rockville, Maryland. Fallsgrove Plaza achieved LEED® Gold Certification.