Retailer Update

merle hay mall • des moines, iowa retailer update

FALL / WINTER 2009

about us Merle Hay Mall, a 1 million square foot super-regional shopping mall, has been redefining the shopping experience in Iowa for more than 50 years. Our loyal customers are part of the rock-solid mid-sized market, fueled by the recession-resistant insurance industry. They enable us to be innovators while delivering to them the best in contemporary retailer brands. To learn more, visit us online at www.merlehaymall.com.

the MHMain story

• Streetscape faces Merle Hay Road, among the top 5 busiest Des Moines-area roads at 46,000 cars a day • Additional interior entrances to the 1 million square foot super-regional shopping mall • Anchored by Ulta, Staples, Shoe Carnival and Old Chicago; book-ended by Target and Sears In 2009, we added more than 60,000 square feet of • These stores plus Kohl’s, Old Navy and hybrid junior anchor and restaurant space. Our new Younkers will generate more than $100 tenants have gained the convenience and visibility million in sales in 2010; total Mall sales of a strip location along with the tremendous generated including the in-line tenants cross-shopping capabilities of an enclosed mall. will approach $150 million dollars.

MERLE HAY MALL: SUCCESSFULLY redefining the shopping experience in Iowa for more than 50 years. FALL/WINTER 2009 Retailer Update • merle hay mall • des moines, iowa contact us: (312) 341-9000 or online: www.merlehaymall.com

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at hoMe: MHM news at ground level

Clockwise from top: Starbucks opened in June 2005, +1,000,000 first year sales; drive-through service at this location. Our picture-perfect Target opened in July 2005 and is the #1 Store in the district! Family-favorite, Kohl’s completed its renovations—inside and out—in August 2009, just in time for back-to- school shopping.

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at hoMe: MHM news at ground level

Clockwise from top left: The new storefronts of Old Navy keep this favorite brand fresh for our regional shoppers. The interior mall entrances for our newest junior anchors—Staples, Ulta and Shoe Carnival. These stores along with Old Chicago are part of the new Streetscape that includes more than 60,000 square feet of hybrid retail and dining space. The Streetscape faces Merle Hay Road which is among the top 5 busiest Des Moines-area roads at 46,000 cars a day! For more details and demographics about Merle Hay Mall, please visit us online at www.merlehaymall.com.

MERLE HAY MALL: SUCCESSFULLY redefining the shopping experience in Iowa for more than 50 years.