Franklin Park Mall

Franklin Park Mall Toledo, As the only enclosed super-regional center in a 50-

mile radius, Franklin Park Mall impresses: 1.3 million MONROE, MI square feet; nearly 40,000 trade area households

MICHIGAN

with incomes of $100,000 and above; retailers with OHIO top regional sales. TOLEDO, OH

MAUMEE, OH But numbers don’t tell the whole story about the mall or deceptively affluent Toledo. A low cost of GIBSONBURG, OH 10 MILES living gives residents more money to spend on retail and dining. And the region’s demographics range from tech and medical professionals to the students training to join them.

Franklin Park is where they celebrate the lifestyle they’ve earned — or aspire to.

Franklin Park Mall Toledo, Ohio • Largest enclosed mall in Northwest Ohio

• Enclosed, two-level super-regional mall

• Mixes traditional and lifestyle tenants for one-stop shopping

• A new Dave & Buster’s in 2016

Property Description

major roads I-475 and Talmadge Road center description Enclosed, one-level center and Monroe Street anchors Macy’s, Dillard’s, JCPenney, Dick’s Sporting total sf 1,265,000 Goods, and Rave Cinemas key tenants Apple Store, Williams-Sonoma, Pottery Barn, # of stores 160 Banana Republic, DSW, J Crew Mercantile, Coach, Pandora, Pink, Talbot’s, Swarovski, # of parking 6,000 Bravo Cucina Italiana, Dave & Buster’s, and Bar Louie

THE CENTER THE MARKET STARWOOD Franklin Park Mall “Stop by Franklin Park Mall for the best bargains in fashion, electronics, and more”

— DoToledo.org

THE CENTER THE MARKET STARWOOD Franklin Park Mall • One mile west of Interstates 475 and 75

• Premier retail destination in Greater Toledo

• Exceptionally large trade area

• Wide selection of first-to-market retail, dining and entertainment

Location, Location, Location Extraordinary freeway access, Serves Northwest Ohio and close to Interstates 475 and 75, Southeast Michigan the , and Route 23 Diverse anchor mix with fine fashion, Accessible to 66,900 cars on furnishings and sporting goods Downtown Toledo in midst of major Highly traveled adjacent roads reinvestment, including new housing average 18,500 to 24,500 cars daily

THE CENTER THE MARKET STARWOOD Franklin Park Mall “The area’s most upscale mall [with] shops, personal services, restaurants and eateries, including a picnic square area of fast-food offerings.”

— Town Square Publications • The sophistication of a major city, the charm of a small town

• A market reinventing itself

• Growing manufacturing base in high- tech, energy and medical

• A community focused on and committed to education

Making Something New Large extremely loyal shopper base Shuttle to provides convenient transportation for 22,000 Trade area population of 562,800 students More than half of adults are college- Between 2010 and 2015 Toledo region educated added 18,000 full and part-time jobs 33 schools of higher education within 50 miles of Toledo, one of the highest concentrations in the United States

THE CENTER THE MARKET STARWOOD Franklin Park Mall • Low cost of living results in high discretionary income Trade Area Average Household Expenditures • Primary trade area average length of residence is 19 years $1,976 on food away from home $1,591 on apparel • Affluent communities within three miles $630 on sports and recreation • New housing developments planned in region $564 on home furnishings $741 on personal care products and services • Municipality encouraging public/private partnerships to promote tourism

THE CENTER THE MARKET STARWOOD Franklin Park Mall Briarwood Mall

23 Distance to Competition MICHIGAN 45,100 AADT Briarwood Mall Driving – 43 mi, 47 min OHIO Monroe Street Fallen Timbers 24,500 AADT Franklin Park Mall Driving – 15 mi, 22 min Levis Commons Driving – 17 mi, 24 min West Sylvania Avenue Westgate Village 18,500 AADT Talmadge Road Westgate Village 21,300 AADT Driving – 2 mi, 6 min

TOLEDO

I-475 66,850 AADT

Legend Primary Trade Area MICHIGANOHIO Secondary Trade Area

MONCLOVA MAUMEE Competition Access Roads Fallen Timbers 24 MILES (AADT= annual average daily traffic) Levis Commons 3 MILES

THE CENTER THE MARKET STARWOOD Franklin Park Mall 10 mi. Area Attractions 266,918 I-75 Toledo Zoo Hollywood Casino

Daytime Employees Toledo Mud Hens Baseball 5 mi. 22,928 23 The Huntington Center 109,728 MICHIGAN (Lucas County Arena) 3 mi. Businesses OHIO Cedar Point Amusement Park 53,301 10,531 General Motors - Powertrain Colleges 5,600 Chrysler Toledo Machining Plant Bowling Green State Franklin Park Mall 84,728 208,054 Residential Population 451,799 University University of Toledo $63,597 Mercy St. Vincent Medical Center 20 ProMedica Toledo Hospital $60,160 Monroe Community College Household Income Lourdes College

Libbey Glass (HQ) Combined enrollment: 57,300 I-475 Owens Corning (HQ) $59,016

Mercy St. Charles Hospital Legend Demographics University of Toledo Key Employers I-280 20 3 MILES I-75

I-90

THE CENTER THE MARKET STARWOOD Franklin Park Mall Demographics PTA1 STA2 TTA3 US Avg Population 2016 estimate 499,870 62,880 562,750 “Water Recreation Capital of 2021 projection 497,024 64,673 561,697 the Midwest.” % growth 2016–2021 -0.6% 2.9% -0.2% 3.7% — DoToledo.com Population White 76% 90% 77% 71% By Race Black 17% 5% 15% 13% Nationally recognized Asian 2% 1% 2% 5% business, engineering, law Hispanic Ethnicity 7% 5% 6% 18% and occupational therapy Median Age 38 31 38 38 programs at University of % age 15-24 14% 28% 15% 14% Toledo — Forbes.com % age 25 to 44 25% 22% 25% 26% % age 45 to 64 27% 22% 26% 26% Whether you’re looking for Households 2016 estimate 206,045 23,461 229,506 world-renowned museums, 2021 projection 206,048 23,990 230,038 golf, or fun with the kids, 2016 households with kids under 18 31% 26% 31% 34% Toledo is a sure bet Average 2016 estimate $61,123 $66,946 $61,718 $77,135 Household — TripAdvisor % earning $75,000+ 28% 34% 28% 36% Income 2021 projection $65,972 $72,253 $66,627 $83,619 Education % college educated 58% 63% 58% 59%

1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 1,516 5,600 10,531 22,928 Employment daytime employment 15,809 53,301 109,728 266,918

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

THE CENTER THE MARKET STARWOOD Franklin Park Mall Predominant Market Lifestyle Segments

Sustaining Families—18% Cautious Traditionalists—17% • 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—13% Accumulated Wealth—9% • Urban and metro • Families & couples age 50+ neighborhoods • Upscale, college-educated • Ethnically diverse and blend baby boomers of family types • Sprawling suburban homes • Establishing or mid-career • Disposable cash and • Enjoy sports and sophisticated tastes entertainment activities • Enjoy top-of-the-line • Some of the most tech savvy electronics, sporting consumers equipment, cars and vacations

THE CENTER THE MARKET STARWOOD Franklin Park Mall 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 Illinois North Carolina Metreon The Arboretum of South Barrington Northlake Mall Northridge Mall Chicago Ridge Mall Parkway Plaza Louis Joliet Mall Ohio Plaza West Covina The Promenade Bolingbrook / Director, Leasing / 440.668.3665 / Solano Town Center Franklin Park Mall Tony Verostko Indiana Great Northern Mall [email protected] Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Bryant Siragusa / National Director, Restaurants & Entertainment / Connecticut Hamburg Pavilion The Shops at Willow Bend 214.771.2003 / [email protected] Blue Back Square Michigan Virginia Florida Fairlane Town Center MacArthur Center Bill Cikalo / Director, Big Box Leasing & Development / 312.283.5121 / The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park [email protected] Westland Mall Montana Washington Georgia Rimrock Mall Capital Mall Michael Powers / Vice President, Leasing - East / 312.242.3208 / The Collection at Forsyth Kitsap Mall [email protected] Nebraska Gateway Mall Ed Coury / Senior Vice President, Leasing / 312.242.3217 / [email protected]

Sources: The Nielsen Company; State Department of Transportation; State and Local Economic Development Resources 11/07/16 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com

THE CENTER THE MARKET STARWOOD Franklin Park Mall