Fairlane Town Center Dearborn, () The best and well-established location in a resurging market — what more can a regional mall ask for? NOVI, MI Fairlane Town Center could ask for a Fortune 10 LIVONIA, MI DETROIT, MI headquarters operation to open office space nearby. But it did something even better. DEARBORN, MI

TAYLOR, MI CANADA Ford Motor Corp.’s research & development division recently joined Fairlane as an office anchor, literally 10 MILES turning this well-located shopping core into a multi- use development. Fairlane Town Center will serve a growing core of technology professionals, shoppers from nearby Detroit, and a multi-generational, ethnically diverse core of residents who want a place to shop and meet.

Welcome to the future.

Fairlane Town Center Dearborn, (Detroit) Michigan • Enclosed tri-level super-regional mall in the prospering suburb of Dearborn

• One wing of center recently converted to office space for Ford Motor Corporation research and development, bringing 1,800 high-earning, educated professionals to the center daily

• Mall reconfiguration and tenant improvements include Ford, H&M and a new 20,000 sf Shoe Department

Property Description

major roads US Highway 12 and State center description Enclosed, three-level center Route 39 anchors Macy’s, JCPenney, Sears, AMC Theatres total sf 1,400,000 key tenants LA Fitness, PINK, H&M, Forever 21, Aldo, Hollister, # of stores 125 House of Hoops, Charming Charlie, Charlotte # of parking 8,400 Russe, and P.F. Chang’s China Bistro

THE CENTER THE MARKET STARWOOD Fairlane Town Center “The Dearborn/Wayne District is steeped in history but is far from old fashioned.”

— VisitDetroit.org

THE CENTER THE MARKET STARWOOD Fairlane Town Center • Closest mall to both Detroit Airport and US Canadian border, attracting visitors year-round

• Four consecutive years of solid sales increases including a 14% jump in 2015

• Only enclosed for 11 miles in this densely-populated market

Location and Connections Convenient access off Interstates94 Adjacent to Ford World Headquarters and 96, located at juncture of Southfield with approximately 22,000 employees Freeway and Highway 12 Across the street from both the Visible to more than 90,000 cars on University of Michigan-Dearborn and Southfield Freeway and nearly 40,000 Henry Ford College with combined vehicles on Highway 12 student enrollment of 22,000

THE CENTER THE MARKET STARWOOD Fairlane Town Center “Known for its fashion-forward merchandise and depth of retailers, … Fairlane Town Center affords visitors a unique shopping experience.” — CityofDearborn.org • Unprecedented economic expansion

• Young, multicultural and professional market

• Large tourist base due to music, auto industry, and Canadian shoppers

• Strong presence of higher education institutions

Area Resurgence, New Shoppers More than 700,000 households in the Within one mile: trade area with 181,000 earning above 77% of adults are college educated $75,000 and 109,000 households earning above $100,000 Approximately 30,000 college students 1 in 4 trade area residents are millennials Nearly 1 in 4 homes built since 2000

THE CENTER THE MARKET STARWOOD Fairlane Town Center • Hotspot for manufacturing and high-earning Primary Trade Area technology professionals Average Household Expenditures $1,944 on food away • Conversion of nearby Royal Dearborn Hotel from home into The Edward will expand visitor base $1,653 on apparel $809 on personal care products and services • Sales increases at center exceed $582 on sports and recreation national average $479 on home furnishings Photo by Reuters/Rebecca Cook Reuters/Rebecca by Photo

THE CENTER THE MARKET STARWOOD Fairlane Town Center 31.5 MILES Eastland Center (Novi) Distance to Competition

Laurel Park Place COLEMAN A. YOUNG 39 Eastland Center (Livonia) INT’L AIRPORT 127,900 AADT Driving – 21 mi, 24 min I-94 I-96 I-75 Driving – 3 mi, 6 min 161,000 AADT Driving – 14 mi, 16 min Ford Road/Route 153 71,700 AADT Southland Center DETROIT USA Driving – 12 mi, 15 min WESTLAND 153 12 CANADA Twelve Oaks Mall DEARBORN Fairlane Town Center Driving – 26 mi, 30 min CANTON Westland Shopping I-275 Center Highway 12/Michigan Avenue 38,700 AADT Fairlane Green Driving – 11 mi, 19 min

39 I-94 94,000 AADT 142,300 AADT ONTARIO

TAYLOR

DETROIT METRO I-75 Legend WAYNE COUNTY AIRPORT Primary Trade Area

Southland Center Secondary Trade Area

Competition

Access Roads

(AADT= annual average daily traffic) 3 MILES

THE CENTER THE MARKET STARWOOD Fairlane Town Center Area Attractions Trinity Health I-96 Ford Field (Detroit Lions) (Livonia) I-75 Comerica Park (Detroit LIVONIA Tigers) 24 39 Henry Ford Health System (HQ) Little Caesars Arena, Fall Wayne State University 2017 (Detroit Red Wings & Detroit Pistons)

DEARBORN The Henry Ford Museum of HEIGHTS American Innovation and Greenfield Village Carhartt (HQ) DETROIT 12 Wayne County Colleges 153 Henry Ford Community College AAA Michigan (HQ) Community College University of Michigan – Dearborn DEARBORN Henry Ford Community Ford Motor Co. (HQ) College US Steel – Great Lakes Works University of Michigan — US Government Fairlane Town Center Dearborn 12 Wayne State University Beaumont Health Wayne County Community College USA

CANADA Combined enrollment: 73,200 ONTARIO

I-94 Legend 39 DETROIT METRO Primary Trade Area WAYNE COUNTY AIRPORT Secondary Trade Area TAYLOR Colleges

Key Employers 3 MILES

THE CENTER THE MARKET STARWOOD Fairlane Town Center Demographics PTA1 STA2 TTA3 US Avg Population 2017 estimate 648,188 1,123,995 1,772,183 Dearborn rated “Extremely 2022 projection 632,501 1,115,043 1,747,544 Livable” by Areavibes.com % growth 2017–2022 -2.4% -0.8% -1.4% 3.8% Population White 43% 53% 50% 70% Fairlane Town Center is #1 By Race Black 50% 37% 42% 13% Shopping Destination in Asian 1% 4% 3% 6% Dearborn Hispanic Ethnicity 6% 6% 6% 18% —Tripadvisor.com Median Age 36 38 37 38

% age 15-24 14% 14% 14% 14% Dearborn among “Best % age 25 to 44 26% 26% 26% 26% Cities to Live in Michigan” by % age 45 to 64 25% 27% 26% 26% CreditDonkey.com Households 2017 estimate 247,258 454,924 702,182 2022 projection 243,114 454,289 697,403 2017 households with kids under 18 35% 32% 33% 34% Average 2017 estimate $51,041 $60,367 $57,083 $80,853 Household % earning $75,000+ 22% 28% 26% 38% Income 2022 projection $54,781 $65,431 $61,719 $87,464 Education % college educated 50% 55% 53% 59%

1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 379 5,040 11,562 43,156 Employment daytime employment 15,519 72,815 127,030 528,497

1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area

THE CENTER THE MARKET STARWOOD Fairlane Town Center Predominant Market Lifestyle Segments

Sustaining Families—34% Cautious Traditionalists—16% • Urban, multi-cultural mix • Over 55 year-old mix of • Younger to middle-age singles and couples • Middle-class families, blend of • High rate of home ownership kids, singles and couples • Fans of reading, home-based • Modest lifestyles, aspirational hobbies and travel shoppers • Enjoy eating out at family • Enjoy a wide variety of media restaurants • Pursue entertainment outside the home

Young Achievers & Striving Singles—10% Accumulators—12% • Mix of young families and • Married, upper-middle class singles families with children • Collegiate and in transition • Tech savvy singles and couples • Modest incomes • Mix of mid-career, professional • Active members of local and managerial jobs community organizations • Enjoy the outdoors and • Enjoy outdoor sports, movies, entertainment activities music and fast food • Favor team sports and kid-friendly technology

THE CENTER THE MARKET STARWOOD Fairlane Town Center Starwood Retail Partners: A New Kind Of Owner For A New Generation Of Retail

Starwood Retail Partners is not your father’s — or your grandfather’s — landlord. We’re acquiring, redeveloping, managing, leasing and operating the next generation of shopping centers for a new generation of shoppers: active, exciting community cores for an increasingly interconnected consumer.

Owned by Starwood Capital Group, we’ve grown our portfolio to 30 centers in 16 states across the United States since our founding in 2012, working with top-tier investment firms to help finance our properties, and employing the talents and skills of the most creative professionals in the business to maximize their value.

We build solid relationships and partner with our retailers to ensure that they are in the right property at the right time, with the right deal to support their success now and in the future. We invest in innovative technologies that help our properties become more productive, our stores more exciting and our shoppers more engaged.

We understand that ultimately, as an owner, as an employer and as a citizen of our communities, it’s not about property, it’s about people.

California Metreon The Arboretum of South Barrington Northlake Mall Chuck Bechara / Director, Leasing / 330.501.7233 / Northridge Mall Chicago Ridge Mall [email protected] Parkway Plaza Louis Joliet Mall Belden Village Mall Plaza West Covina The Promenade Bolingbrook / Director, Big Box Leasing & Development / 312.283.5121 / Solano Town Center Franklin Park Mall Bill Cikalo Great Northern Mall [email protected] Southlake Mall SouthPark Mall Belmar Tim Martin / Director, National Restaurant and Entertainment Leasing – Connecticut Hamburg Pavilion The Shops at Willow Bend East / 813.455.0651 / [email protected] Blue Back Square Michigan Fairlane Town Center MacArthur Center Bryant Siragusa / Vice President, National Restaurant and Entertainment The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park Leasing / 214.771.2003 / [email protected] Westland Mall Montana Washington Rimrock Mall Capital Mall Joe Nicchetta / Vice President, Leasing - East / 312.242.3182 / The Collection at Forsyth Kitsap Mall [email protected] Gateway Mall Michael Powers / Senior Vice President, Leasing / 312.242.3208 / [email protected]

Sources: The Nielsen Company; State Department of Transportation; State and Local Economic Development Resources 11/29/17 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com

THE CENTER THE MARKET STARWOOD Fairlane Town Center