Old Dominion University Real Estate Market Review and Forecast Retail Market Review 2006 Christopher E. Rouzie Senior Vice President Thalhimer Retail Review - Christopher E. Rouzie Managing Broker for Thalhimer Newport News

Specializes in Retail Site Selection for National Retailers

Recipient of the 2001, 2003, 2004 Presented by: CREC Gold Award and Top E.V. Williams Center Hampton Roads Producer for Thalhimer in 2001 and 2003 for Real Estate and Economic Development

Hampton Roads – Retail Vacancy RETAIL MARKET REVIEW 15.00% 13.11%12.83% 13.00% 11.64% 11.19% 11.00% 9.41% 9.00% 7.55%

7.00%

5.00% 2001 2002 2003 2004 2005 2006

New Projects

1 Williamsburg Williamsburg Marketcenter Marketcenter

Williamsburg Marketcenter

Windsormeade Marketplace

Windsormeade Marketplace Windsormeade Marketplace

2 Jefferson Commons

Jefferson Commons

Jefferson Commons

Patrick Henry Mall

Patrick Henry Mall

Courthouse Marketplace

3 Courthouse Marketplace Courthouse Marketplace

Berkley Commons

Berkley Commons

Berkley Commons

Edinburgh Commons

4 Edinburgh Commons Edinburgh Commons

Proposed

Cahoon Commons

Cahoon Commons

Cahoon Commons

Redevelopment

5 Mid-City - Portsmouth Tidewater Shopping Center - Norfolk Before

After

Crossways Center - Chesapeake Crossroads Center at - Chesapeake Before

After

Janaf Shopping Center - Norfolk Power Plant - Hampton

6 Shops at Yorktown - Yorktown Governor’s Green - Williamsburg Before Before

After After

New Town - Williamsburg

Town Centers

City Center – Newport News Coliseum Mall - Hampton

7 PeninsulaColiseum Town Mall Center - Hampton - Hampton Beach Town Center – Virginia Beach

Dean Plaza – Virginia Beach City Walk at Virginia Beach – Virginia Beach Before

Towne Place at Greenbrier - Chesapeake Harbour View Station Town Center - Suffolk

8 The Marquis

Pipeline Benn’s Grant

Bennett’s Creek The Market @ Harbor Heights

Indian River & Ferrell Pkwy. Landstown Commons Red Mill Walk Hanbury Village Mt. Pleasant Marketplace

9