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Saul Centers, Inc. (NYSE: BFS) is a self-managed,
self-administered equity real estate investment trust,
formed in 1993 and headquartered in Bethesda, Maryland.
Saul Centers operates and manages a real estate portfolio
of 50 community and neighborhood shopping centers and
office properties totaling approximately 8.2 million
square feet of leaseable area. Over 80% of the Company’s
property operating income is generated from properties
within the metropolitan Washington, DC / Baltimore area.
Saul Centers’ primary operating strategy is to continue
its program of internal growth, renovations, and expansions
of community and neighborhood shopping centers that
primarily service the day-to-day necessities and services
subsector of the overall retail market. Saul Centers
plans to supplement its internal growth strategy through
selective development of new properties and acquisitions
of operating properties as appropriate opportunities
arise.
The following are select examples of Saul Centers’
office properties:
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601 Pennsylvania Avenue, NW,
Washington, DC
(225,000 SF)
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Avenel Business Park,
Gaithersburg, Maryland
(400,000 SF)
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Washington Square @ Old Town,
Alexandria, Virginia
(235,000 SF)
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For a complete listing of the Saul Centers’
property portfolio,
visit our website at www.saulcenters.com.
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