AmREIT Announces El Tiempo Lease at Woodlake Square, Redevelopment Complete

Today, AmREIT announced the signing of a 7,000 square foot building lease with El Tiempo Cantina for an outparcel at the Woodlake Square shopping center in Houston, Texas.

With this lease, which is scheduled to commence rent in June 2014, the shopping center is 97.3% leased.

“I am excited to announce the seventh location of El Tiempo Cantina, one of Houston’s finest Tex-Mex restaurants. For the past 55 years, the Laurenzo family has been delivering one of the highest quality products, with an exceptional environment, at some of the best restaurant locations in Houston,” said Charles Scoville, a Senior Vice President at AmREIT. “El Tiempo is a perfect fit for the center, and we believe they will both complement the other tenant offerings as well as attract customers to the center."

AmREIT, in a joint venture with AEW Capital Management, redeveloped the entire shopping center from 2010 to 2012, and in September 2013, AmREIT acquired the shopping center from the joint venture. The redevelopment included the negotiation of a new ground lease with Randalls, demolition of the existing Randalls and construction of a new 59,230 square-feet Randalls Lifestyle format store, addition of a fuel center, development of 20,250 square feet of new shop space, new exterior façade over the existing buildings, and the sale of a 4-acre parcel to a multifamily developer for the construction of a 256-unit multi-family complex.

“Serving the affluent and densely populated Memorial Villages of Houston, Woodlake Square Shopping Center is an excellent location for El Tiempo,” said Kerr Taylor, AmREIT CEO. “The integrated multi-family project developed by Wood Partners was completed in October 2013 and is leasing up on schedule. This mixed-use, Irreplaceable CornerTM project is a great example of how AmREIT strives to bring properties alive physically, socially, and financially.”

“Residents of Alta Woodlake Square consider the Westchase District and the Memorial Villages a great place to call home, and they enjoy being able to walk over to Woodlake Square to shop and dine,” said Todd Gaines, Director of Wood Partners’s Houston Office. “Wood Partners and the residents of Alta Woodlake Square see great value in being part of a project like Woodlake Square.”

About AmREIT, Inc.

AmREIT has one of the highest quality grocery and drugstore anchored retail portfolios in the REIT sector. AmREIT's 29 year-old established platform has localized acquisition, operation and redevelopment expertise in the most densely populated and affluent submarkets of five of the top markets in the U.S.: Houston, Dallas, San Antonio, Austin and Atlanta. AmREIT’s management team has in-depth knowledge and extensive relationship advantages within its markets. AmREIT's portfolio was 95.2% leased as of December 31, 2013, and its top five tenants include Kroger, Landry's, CVS/Pharmacy, H-E-B, and Publix. AmREIT also has access to an acquisition pipeline through its value add joint ventures, including three leading institutional investors who partner with the company as local experts.AmREIT's common stock is traded on the New York Stock Exchange under the symbol “AMRE.” For more information, please visit www.amreit.com.

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