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SHAKEAWAY TO OPEN AT THE STRAND IN HUNTINGTON BEACH

For Immediate Release

Contact: Glenn C. Miller 214-561-8814

glenn.miller@cypressequities.com

SHAKEAWAY TO OPEN AT THE STRAND IN HUNTINGTON BEACH

HUNTINGTON BEACH, Calif. (May 7, 2015) – The owners of The Strand in Huntington Beach, an affiliate of Cypress Equities, announced today that Shakeaway will open a location on Friday, May 8, 2015, in the open-air shopping center situated at the intersection of 5th Street and Pacific Coast Highway.

Since 1999, Shakeaway has made its mark as The World’s Largest Milkshake Bar CompanyTM and original re-inventor of the milkshake. The company has “shaken up” the cold dessert marketplace with a total of 50 stores including 11 corporate and 39 franchise locations around the world.

Shakeaway has developed a world-famous menu of endless possibilities featuring more than 180 individual ingredients. Guests customize their order to create unique and refreshing milkshakes and smoothies, which showcase extra crunchy ice and fat-free frozen yogurts. The dessert eats more like ice cream with ingredients that are hand-blended to order and mixed throughout. The company’s motto is “Live forever and never have the same milkshake twice!”

Part of the brand’s success, having originated in England 16 years ago, is that Shakeaway does not sell a franchise in a box and ensures that every Shakeaway store is created with a local menu that is tailored to its state and country. In the USA stores, which are owned by Americans, every ingredient is sourced in the USA along with all the equipment and services required to open stores.

“Cypress Equities is pleased to welcome Shakeaway to The Strand,” stated Todd Minnis, managing partner and CIO of the real estate investment management division of Cypress Equities. “We are confident that Shakeaway’s offerings will be the perfect complement to the sand-and-surf lifestyle of Huntington Beach and its surrounding communities.”

About The Strand

The Strand was constructed in 2008 and is made up of four buildings situated in the heart of “Surf City USA.” It boasts a dynamic tenant lineup, including Rip Curl, Skechers, ANGL, Crocs, Forever 21, Johnny Rockets, Ritter’s Steam Kettle Cooking, Active Ride Shop and Bruxie Gourmet Waffle Sandwiches. The

Strand is located adjacent to the world-famous Huntington Beach Pier. More information may be found at www.thestrandon5th.com.

About Cypress Equities

Cypress Equities* (Cypress) was founded in 1995 by Chris Maguire and has since established a national reputation synonymous with the premier development, operation and management of destination-class retail and mixed-use properties throughout the U.S. Historically, Cypress has developed and acquired more than 18 million square feet and currently is developing and managing a portfolio of more than 9.4 million square feet of retail, office, residential and automotive real estate. Today, there are five Cypress Equities offices throughout the U.S., including Dallas (headquarters), New York, San Francisco, Atlanta and Fort Lauderdale. Visit www.cypressequities.com for more information.

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