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Starbucks Brewing Up a New Spot at Loudoun Station

1. Comstock Holding Companies announces a new Starbucks location in Ashburn, Virginia. 2. The Starbucks opening enhances the appeal of the Loudoun Station development.

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FAQ

Why Bullish?

The addition of a nationally recognized brand like Starbucks can drive foot traffic and elevate property value. Historically, similar developments have positively influenced real estate stocks.

How important is it?

The new Starbucks reflects Comstock's ability to attract reputable tenants, which can enhance investor confidence. This development could signify future partnerships that improve CHCI's market position.

Why Short Term?

The immediate effect from increased foot traffic will likely be seen within months after Starbucks opens. Past openings of similar retail outlets have shown quick returns in local property value appreciation.

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RESTON, Va.--(BUSINESS WIRE)--Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced today that Starbucks will open in a new 1,800-square-foot retail location at 22114 Gramercy Park Drive in Ashburn, Virginia next to the lobby of BLVD in Loudoun Station. Set to open later this year, the nationally recognized coffeehouse is a welcome addition to Loudoun S.

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