WASHINGTON – August 8, 2012 – Douglas Development is pleased to announce that Washington, DC restaurant icon Ashok Bajaj has leased 8,300 square feet in the Douglas Development-owned property at 800 F Street NW—The Spy Museum Building.

“We couldn’t be more thrilled with having Ashok in this signature property. His
reputation for innovative, creative, and successful restaurants is well known,” said
Douglas Development Principal, Norman Jemal, “To have him join our other retail and
restaurant partners illustrates the vitality and continued importance of the F Street
corridor to residents and visitors alike. Jemal added, “This coupled with Shake Shack will
only continue to add to the energy of Downtown.”

Ashok Bajaj said, “We know Penn Quarter extremely well—our 701 was one of the first
restaurants in this neighborhood. We’re delighted to be in this historic building and
working with Norman Jemal and the rest of the Douglas Development team.”

About Knightsbridge Restaurant Group
Bajaj’s Knightbridge Restaurant Group currently owns and operates seven restaurants in
Washington, DC, namely the 701, Bombay Club, Oval Room, Rasika, Ardeo, Bardeo,
and Bibiana. His restaurants have been consistently recognized as the best in the city by
The Washington Post, Forbes, CNN, Washingtonian, DC Modern Luxury, and Esquire.
Bajaj himself has been named Washington’s Best Restaurateur in 2010 and 2011 by the
City Paper and most recently in January of 2012 by Washingtonian Magazine.

About Douglas Development
Douglas Development’s commitment to improving neighborhoods and bringing valued
brands to the District is unparalleled. Currently the largest private property owner in the
area, Douglas Development attracts and pursues the most sought after tenants, including
luxury retailers and upscale restaurants. Douglas Development’s properties in the East
End of Washington, DC have served as drivers for the continued growth of the area.
Today the East End is known as a destination for shopping, dining, and luxury
condominiums in the District.

Knightsbridge was represented in this transaction by Andrea Reid of Axis Realty
Advisers. Douglas Development represented itself.