20 LOS ANGELES BUSINESS JOURNAL June 25, 2012

 Next week Retail Centers The 50 Largest Office Leases in Los THE LIST In Los Angeles County; ranked by gross leasable area Angeles County

 executive summary  the trends  the pacesetter HE 25 largest retail centers in Los Angeles County have more Consumer Economy Location Dollars Tthan 28.4 million square feet of Annual U.S. retail sales are climbing. Third quarter average asking rents by submarket for Class A office property. gross leasable area. There are 15 retail Westside centers with at least 1 million square $5 feet of space in the county. (in trillions) Downtown Westfield Group, a Sydney, Aus- 4 Hollywood tralia, mall owner and operator, domi- (in thousands) Tri-Cities nates the list with seven retail centers. 3 The company’s largest local mall is Santa Clarita Valley Westfield Topanga, which has 1.6 mil- 2 South Bay lion square feet of space. Largest Mall: San DelFernando Amo Valley Fashion Center. Westfield sold its interest in the 1 Eastland Center in West Covina to HE largest San Gabriel retail Valley center in Los Angeles County is Del Amo Fash- Phoenix-based Cole Real Estate last 0 ion CenterWilshire at Corridor 2.3 million square feet. The Torrance mall, owned 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 month. The 806,000-square-foot prop- Tby Simon Property$0.0 Group 0.5 Inc., 1.0 has 1.5 a 91 2.0percent 2.5 occupancy 3.0 3.5 rate 4.0 erty was sold for $147 million. Origi- according to the company’s latest annual report filed with the Securities nally built in 1957, the property is fully Exchange Commission. leased. Space Fillers Pocket Money Indianapolis-based Simon increased its ownership stake to 50 percent Westfield announced in April during theVacancy first quarter rates for of office 2012. properties It also byannounced market segment. plans to make $200 Per-capita disposable income in is increasing. announced that it would sell eight million in renovations that will include a first phase at the north end of Hollywood shopping centers in the United States $50 the mall with a new food pavilion as many as three additional anchor ten- for $1.1 billion, including Eastland (in thousands) ants. Under a second Tri-Cities phase, the south end of the mall could be converted Center. Proceeds from the transactions 44 to an outdoor Santa design Clarita Valleythrough removing the roof. will help pay down corporate debt and The renovations are expected to begin in 2013. It will be the second South Bay then be applied to higher-return rede- 38 major renovation for the mall in the past decade. In 2006, prior owner velopment opportunities in the United Mills Corp. invested Wilshire Corridor $300 million to add an outdoor lifestyle wing that States, including the World Trade 32 includes a San movie Fernando theater, Valley restaurant and stores. Center. The current mall’s Westside anchors include Macy’s, JC Penney, Sears, Mar- Overall, the 25 largest retail centers 26 shalls, T.J. Maxx and Burlington Coat Factory. The total stores number in the county have more than 3,800 more than 200. Downtown stores and 133,000 parking spaces. 20 Simon owns San Gabriel or has Valley an interest in 338 retail properties in North Amer- 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 – David Nusbaum ica and Asia with about 2450 million 5 square 10 feet. 15 The company 20 25employs 30 about 5,500 people in the United States. Source: U.S Department of Commerce Source: Jones Lang LaSalle – David Nusbaum

Rank Retail Center Size Demographic Anchors Profile Contacts Owner/Developer ¥ name ¥ gross leasable area ¥ average household ¥ year opened ¥ general manager ¥ name ¥ address (square feet) income ¥ parking spaces ¥ website ¥ headquarters ¥ number of stores (five mile radius) ¥ phone

Del Amo Fashion Center 2,276,842 $95,973 Burlington Coat Factory, JCPenney, 1975 NA Simon Property Group 6,109 1 3 212 Macy's, Marshalls, Sears, T.J. Maxx, AMC 12,500 delamofashioncenter.com Indianapolis 600 Torrance 90503 Theatre (317) 636-1600 3,503 500 2,042,295 67,641 Macy's, Target, Forever 21, Costco, 1951 Doug Roscoe Macerich Co. 400 2,027 2 500 Lakewood Center Mall 270 JCPenney 9,814 shoplakewoodcenter.com Santa Monica Lakewood 90712 (310) 394-6000 300 1,959 Westfield Topanga 1,637,596 90,360 Macy's, , Target, Nieman 1964 Chuck Martinez Westfield LLC 200 1,647 3 6600 Topanga Canyon Blvd. 278 Marcus, Sears 6,113 westfield.com Los Angeles 100 Canoga Park 91303 (310) 478-4456 0 Northridge Fashion Center 1,510,884 80,201 JCPenney, Macy's, Pacific Theaters, Sears 1971 Daniyel Gordon General Growth Properties Inc. 4 9301 Tampa Ave. 170 7,000 northridgefashion.com Chicago -100 Northridge 91324 (312) 960-5000 -200 1,463,221 68,965 JCPenney, Macy's, Nordstrom, Target 1976 Larry Martin General Growth Properties Inc. 5 2148 Glendale Galleria 250 6,200 glendalegalleria.com Chicago Glendale 91210 (312) 960-5000 1,311,264 82,653 JCPenney, Macy's, Nordstrom, AMC 1974 David Burke Westfield LLC 6 400 S. Baldwin Ave., Suite 321 245 Theatres 6,800 westfield.com Los Angeles Arcadia 91007 (310) 478-4456 Construction Zone The number of new homes and condos sold in L.A. County. 1,240,000 74,989 Ikea, Macy's, Sears, Bed Bath & Beyond 1991 Mike Keurjian Crown Realty & Development Inc. 7 201 E. Magnolia Blvd., Suite 151 140 5,714 burbanktowncenter.com Irvine 12,000 Burbank 91501 (949) 476-2200 12,000 1,143,613 74,129 Macy's, Nordstrom, Sears, Forever 21 1971 Andy Cook Macerich Co. 10,000 8 239 Los Cerritos Center 208 6,708 shoploscerritos.com Santa Monica 10,000 Cerritos 90703 (310) 394-6000 8,000 8,000 Westfield West Covina 1,137,277 68,953 JCPenney, Macy's, Sears 1975 Ramon Oseguera Westfield LLC 6,000 9 112 Plaza Drive 206 6,041 westfield.com Los Angeles 6,000 West Covina 91790 (310) 478-4456 4,000 4,000 Mall 1,099,299 82,891 AMC Theatres, Burlington Coat Factory, 1974 Ken Mason Glimcher Realty Trust 2,000 10 1600 S. Azusa Ave., Suite 231 140 Macy's, Sears, Forever 21, Toys 'R' Us/ 6,539 puentehills-mall.com Columbus, Ohio 2,000 City of Industry 91748 Babies 'R' Us (614) 621-9000 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 0 Westfield Valencia Town Center 1,065,583 102,980 JCPenney, Macy's, Sears, Edwards 1992 Raj Chandani Westfield LLC 11 24201 W. Valencia Blvd. 213 Theatres 3,800 westfield.com Los Angeles Valencia 91355 (310) 478-4456 1,062,120 77,453 JCPenney, Macy's, Target, Best Buy, H&M 1975 Don Ziss Westfield LLC Price Points 12 6000 Sepulveda Blvd. 171 4,452 westfield.com Los Angeles The number of new homes sold in L.A. County during 2009 by price. Culver City 90230 (310) 478-4456 South Bay Pavilion 1,017,047 63,208 Ikea, JCPenney, Sears, Target 1973 Julie Cruz Vintage Real Estate 1,500 13 20700 Avalon Blvd. 81 4,881 southbaypavilion.com Los Angeles (in thousands) Carson 90746 310-979-9090 1,200 Notes: Information for this list provided by the Directory of Major Malls, with additional information obtained from corrections or additions on company letterhead to the Research Department, Los Angeles Business Journal, 5700 representatives of the owners/developers. Retail centers are ranked by total gross leasable square footage. Wilshire Blvd., Suite 170, Los Angeles 90036. ©2012 Los Angeles Business Journal. This list may not be reprinted 900 To the best of our knowledge, this information is accurate as of press time. While every effort is made to ensure the in whole or in part without prior written permission from the editor. Reprints are available from the YGS Group, accuracy and thoroughness of the list, omissions and typographical errors sometimes occur. Please send (800) 290-5460 ext. 100. Researched by David Nusbaum 600

300

0 0-$300 300-400 400-500 500-600 600-700 700-1000 1000+

Source: Hanley Wood LLC June 25, 2012 The List LOS ANGELES BUSINESS JOURNAL 21

Rank Retail Center Size Demographic Anchors Profile Contacts Owner/Developer ¥ name ¥ gross leasable area ¥ average household ¥ year opened ¥ general manager ¥ name ¥ address (square feet) income ¥ parking spaces ¥ website ¥ headquarters ¥ number of stores (five mile radius) ¥ phone

Antelope Valley Mall 1,001,000 $69,624 Dillard's, Macy's, JCPenney, Sears, 1990 NA Forest City Development 14 1233 Rancho Vista Blvd. 140 Forever 21 5,500 av-mall.com Cleveland Palmdale 93551 (216) 621-6060 1,000,000 61,221 Wal-Mart, Lowe's, Sam's Club 1998 NA Vestar Development Co. 15 7575 Carson Blvd. 80 4,400 longbeachtownecenter.net Phoenix Long Beach 90808 (602) 866-0900 959,247 86,109 Nordstrom, Macy's, Kohl's 1985 Keith Geiger Forest City Enterprises Inc. 16 1815 Hawthorne Blvd. 140 5,500 southbaygalleria.com Cleveland Redondo Beach 90278 (216) 621-6060 931,000 59,539 JCPenney, Macy's, Sears, Kohl's 1958 NA Macerich Co. 17 251 Stonewood St. 165 4,663 shopstonewoodcenter.com Santa Monica Downey 90241 (310) 394-6000 884,000 81,599 Bloomingdale's, Macy's 1982 Jeff Brown Taubman Co. 18 8500 Beverly Blvd. 160 3,000 beverlycenter.com Bloomfield Hills, Mich. Los Angeles 90048 (248) 258-6800 879,872 100,532 Bloomingdale's, Macy's, Gelson's, AMC 1964 Phillip St. Pierre Westfield LLC 19 10250 Santa Monica Blvd. 153 Theatres 2,491 westfield.com Los Angeles Los Angeles 90067 (310) 478-4456 856,387 99,810 Kohl's, Sport Chalet, Target, Michael's, 1966 Daniyel Gordon General Growth Properties Inc. 20 6633 Fallbrook Ave. 42 Laemmle Theatres 5,300 generalgrowth.com Chicago West Hills 91307 (312) 960-5000 855,731 87,048 Bloomingdale's, Macy's 1961 Molly Unger Westfield LLC 21 14006 Riverside Drive 143 3,914 westfield.com Los Angeles Sherman Oaks 91423 (310) 478-4456 Baldwin Hills Crenshaw Plaza 846,303 57,192 Macy's, Sears, T.J. Maxx, Wal-Mart 1988 NA Primestor Development Inc. 22 3650 W. Martin Luther King Blvd. 143 3,600 baldwinhillscrenshawplaza.com Beverly Hills Los Angeles 90008 (310) 652-1177 Eastland Center 806,331 75,720 Target, Old Navy, Albertson's 1957 NA Cole Real Estate 23 112 Plaza Drive 41 3,734 westfield.com Phoenix West Covina 91790 866-341-2653 Plaza at Puente Hills 781,222 85,082 Home Depot, Office Depot, Sam's Club, 1987 NA SCI Properties 24 17835-18271 Gale Ave. 39 Smart & Final, Toys R Us 1,432 sciproperties.com Los Angeles City of Industry 91748 (310) 470-2600 Shops at Montebello 758,504 NA Macy's, JCPenney, Forever 21 1985 NA Simon Property Group 25 2134 Montebello Town Center Drive 160 NA shopsatmontebello.com Indianapolis Montebello 90640 (317) 636-1600 Notes: Information for this list provided by the Directory of Major Malls, with additional information obtained from corrections or additions on company letterhead to the Research Department, Los Angeles Business Journal, 5700 representatives of the owners/developers. Retail centers are ranked by total gross leasable square footage. Wilshire Blvd., Suite 170, Los Angeles 90036. ©2012 Los Angeles Business Journal. This list may not be reprinted To the best of our knowledge, this information is accurate as of press time. While every effort is made to ensure the in whole or in part without prior written permission from the editor. Reprints are available from the YGS Group, accuracy and thoroughness of the list, omissions and typographical errors sometimes occur. Please send (800) 290-5460 ext. 100. Researched by David Nusbaum

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