McCaffery Interests Announces Walgreens Flagship Location in Washington, D.C.'s Chinatown Neighborhood

McCaffery Interests Announces Walgreens Flagship Location in Washington,
D.C.'s Chinatown Neighborhood

WASHINGTON, March 22, 2013 (GLOBE NEWSWIRE) -- McCaffery Interests announces
the opening of a new Walgreens flagship location in Chinatown. The
three-level, 22,603-square-foot store is situated in Arch Square at the
northeast corner of 7th and H Streets, NW. Arch Square is a redevelopment of
three historic buildings and was recently completed by a joint venture of
McCaffery Interests and Douglas Development.

This intersection commands some of the highest rents in the metro area, due to
its close proximity to the Verizon Center, the WMATA Gallery Place-Chinatown
station and DC's widely popular Chinatown shopping district. Juan and Rory
Cameron of McCaffery Interests, Norman Jemal of Douglas Development and Korey
Robinson of Walgreens jointly consummated the deal. The store joins Walgreens'
new "Well Experience" brand, which "…aims to transform the traditional
drugstore into a new health and daily living destination."

The store opened the morning of March 21, 2013 to much fanfare. Jack Evans of
the D.C. City Council cut the ribbon. The opening was clearly a bipartisan
event as is evidenced by attendees such as Sen. Mitch McConnell, Rep. Eric
Cantor and Rep. John Lewis, along with Rep. Danny K. Davis, Rep. Bobby Rush
and freshman Rep. Tammy Duckworth, all from Walgreens' home state of Illinois.

"This opening is yet another success for McCaffery Interests' development and
brokerage initiatives," says Dan McCaffery, Chairman and CEO of McCaffery
Interests. "We're proud to bring leading retail to this exciting sub-market of
Washington, D.C."

McCaffery Interests and Douglas Development expanded, renovated and restored
three historic buildings on the northeast corner of 7th and H Streets, NW.
Other tenants include Panera Bread and YO! Sushi, as well as the new federal
headquarters for the Alliance of Automobile Manufacturers.

For more information on the deal, contact Juan Cameron of McCaffery Interests:
jcameron@mccafferyinterests.com | (703) 351-9500.

About McCaffery Interests, Inc:

McCaffery Interests, Inc., is a privately owned, full-service commercial real
estate company that has been in the business of investing, developing, leasing
and managing real estate for more than 20 years. The McCaffery Interests
portfolio of planned, completed and managed projects exceeds 20 million square
feet and includes office, mixed-use, hotel, and residential properties, as
well as large, master-planned communities and land developments. With offices
in Chicago, IL and Washington, DC, and controlled assets and completed
developments across the country, McCaffery Interests is one of the most
trusted real estate companies in the nation. For more information, please
visit http://www.mccafferyinterests.com or call (703) 351-9500.

The McCaffery Interests, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=15998

CONTACT: MEDIA CONTACT:
         Juan Cameron | Senior Managing Director of
         Development and Acquisitions
         McCaffery Interests, Inc. | (703) 351-9500
         jcameron@mccafferyinterests.com

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