3536 Canada Road, Lakeland TN 38002 • Shelby County • I-40 & Canada Road

Home , Memphis Zoo, West Tennessee, Wolfchase Galleria

For More Information, Contact Exclusive Agent: Shawn Massey, CCIM, CRX, CLS, ALC [email protected] • 901-334-5702

Maggie Gallagher, Director of Development, Gilad Development, Inc. [email protected] • 901-229-9690 The lake district - Memphis (lakeland), tn

We are pleased to present The Lake District, A GILAD DEVELOPMENT – OCCUPANCY 2019.

THE PROJECT The Lake District is an upscale 160 acre mixed- use community around a six acre lake. Designed with elegant water features, tree lined parks, and Antebellum inspired Architecture, The Lake District conveys a sense of place. Eight primary elements combined create a village with urban amenities and a vibrant street life important to retail in a suburban community.

THE 9 ELEMENTS 1. Big Box Retail/...... 327,600 sf; Blocks C, D, & E 2.Main Street Retail...... 199,155 sf; Blocks A & B 3. Residential...... 100 Multi-Family Units over retail, 236 Single Family Lots, 69 Townhomes, 48 Manon Homes 4. Hotels...... 2 Outparcels: 150 Keys connected to Main Street, 250 Keys Visible from the highway 5. Out Parcels...... 9 QSR, FSR & Service Retail Pads 6. Office...... 70,000 sf; 4 Buildings 7. Performing Arts Center...... Approximately 300 seats 8. Health and Wellness...... Up to 20,000 sf 9. Child Learning Center...... 2.06 acre PAD

The sheer magnitude of the project will attract residents, retailers, shoppers and visitors from a local geographic ring which includes Shelby, Tipton and Fayette Counties in Tennessee, expanding out into a larger geographic ring including DeSoto, Tate, Tunica, Marshall and Benton in Mississippi and Crittenden in Arkansas.

THE LOCATION Located in the affluent Lakeland Tennessee just outside the Memphis City Limits in Northeast Shelby County at I-40 and Canada Road. A new cloverleaf single point interchange at Canada Rd. is slated for completion early 2017 with direct ingress and egress to I-40. Average drive counts are 53,467 cars per day.

Additionally, the site is located with in the new outer road loop of Highway 385 and I-269 providing access to the entire regional community including West Tennessee and North Mississippi markets. The lake district - Memphis (lakeland), tn

THE DISTRICT’S The Lake District is a distinct upscale neighborhood. Each of the 8 elements are identified as independent Districts promoting connectivity.

HOTEL DISTRICT The Lake District is seeking two upscale hotel concepts.

SITE • Two out parcels For Sale totaling 5.8 acres • The site can be configured for 1 Flag with 2 concepts for higher efficiency or two separate Flags. • Excellent highway visibility

NOTES Greater Memphis is home to Fed Ex and other major national distribution centers including Nike, William-Sanoma, numerous consumer electronics businesses, and the bio medical industry.

RETAIL DISTRICT (REGIONAL POWER CENTER) The Retail Quarter is located on I-40 and Canada Rd for excellent visibility and access.

SQUARE FEET +/- 240,000 sf of retail big box and junior box anchors

TENANT MIX Grocery, apparel, furniture, home goods, sporting goods, and others.

NOTES A natural extension of the Wolfchase regional trade area which is 100% built out for new large developments, The Lake District is clearly the next regional retail opportunity.

MAIN STREET DISTRICT The heart of the village, the Main Street District is represented by chef driven restaurants, café’s, and a mix of national and local boutique retail opportunities along a boardwalk and around the lake.

SQUARE FEET 249,00 sf

RESTAURANTS 3 lakefront sites: 6000 sf, 7,000 sf, 9,000sf

MAIN STREET RETAIL 2500 sf to 50,000 sf contiguous space available

NOTES Main Street offers apartment living above the retail and links the residential town homes and manor homes via walking bridges crossing the lake. highlights

• Proposed upscale mixed use development • Two hotel sites for sale on 126 acres located east of Memphis and • Outparcels available from 0.40 to 2.4 acres Wolfchase Galleria Mall • Traffic Counts: Interstate 40 (53,467 AADT) & • Excellent visability from Interstate 40 at Exit 20 Canada Rd (9,114 AADT) • 480,000 +/- SF of retail and restaurant space for lease

DEMOGRAPHICS

5 Mile 10 Mile 20 Mile Population 84,156 282,245 972,516 Households 30,937 104,476 367,517 Average HH Income ($) 98,939 95,062 73,088 AERIAL MAP

DISTANCES TO SURROUNDING METROPOLITAN CITIES Little Rock, AR 136 miles Nashville, TN 201 miles Jackson, MS 208 miles Huntsville, AL 215 miles Birmingham, AL 236 miles St. Louis, MO 284 miles Louisville, KY 384 miles Knoxville, TN 393 miles ABOUT MEMPHIS

Memphis, Tennessee is in the southwest corner of the state, bordered by Arkansas and Mississippi. The MSA of Memphis consists of nine counties – Shelby, Tipton, Fayette in Tennessee, DeSoto, Tate, Tunica, Marshall and Benton in Mississippi and Crittenden in Arkansas – and a population of 1,330,677.

Memphis thrives on economic diversity and its population is fueling the drive into the 21st century. Three Fortune 500 companies call Memphis home (FedEx, International Paper and AutoZone). Memphis is known worldwide as “America’s Aerotroplis”. The Memphis airport is the second busiest cargo airport in the world (Hong Kong is number one.) It is the single largest economic drive in the state of Tennessee with an economic impact of $23.3 billion annually. The medical community is also a big drive for our economy. St. Jude Children’s Research Hospital, The University of Tennessee Medical School and “The Med” are all based in Memphis as well.

Memphis has four regional retail trade areas –Oak Court/East Memphis, Wolfchase, Southaven (MS) and SE Memphis/Collierville. Retail activity in Memphis is flourishing. The total trade area consists of approximately 41.4 million square feet and the occupancy level is estimated to be 89%. The Wolfchase and Southaven trade area continue to be a major growth area both in residential and commercial growth. Memphis is home to one of the first lifestyle centers ever built in the US. Saddle Creek was built in Germantown in 1986 and is home to Apple, Anthropologie, Brooks Brothers and other high end retailers.

The Memphis area offers tourists history, music and plenty of outdoor activities. Beale Street, Graceland, National Civil Rights Museum, Pink Palace Museum, Mud Island Park, AutoZone Park, Rock ‘n’ Soul Museum, Memphis Zoo, Stax Museum, Sun Studios, and the FedEx Forum all call Memphis home and attract more than 10 million visitors each year. An estimated $3.1 billion is spent by visitors each year. MEMPHIS - SHELBY COUNTY OVERVIEW

DEMOGRAPHIC SUMMARY (2012 ESTIMATES)

Population Median Income Households MSA 1,330,677 $53,542 496,846 County 930,753 $46,506 352,222 City 643,170 $43,389 249,007

Updated 4/4/2014– Source: Synergos Tech – PopStats / TIGER Geography 04/2012

TOP 25 EMPLOYERS

Ranked by # of Employees # of employees 1 FedEx 32,000 2 Shelby County Schools 16,000 3 Tennessee State Government 14,400 4 U.S. Government 13,900 5 Methodist Healthcare 10,175 6 Baptist Memorial Health Care Corp. 8,587 7 City of Memphis 6,848 8 Walmart Stores 6,000 9 Shelby County Government 5,662 10 Naval Support Activity Mid-South 4,600 11 The Kroger Company 3,966 12 University of Tennessee Health Science Center 3,911 13 Desoto County School District 3,775 14 St. Jude Children’s Hospital 3,676 15 Technicolor 3,500 16 Caesars Entertainment 3,000 17 Century Management Inc. 2,800 18 Memphis Light, Gas & Water 2,727 19 The University of Memphis 2,438 20 The ServiceMaster Co. 2,411 21 First Horizon National Corp. 2,300 22 International Paper Co. 2,300 23 Veterans Affairs Medical Center 2,185 24 Saint Francis Healthcare 2,090 25 Regional Medical Center At Memphis 2,078 Updated 4/4/2014 – Source: Memphis Business Journal – Book of Lists MEMPHIS - SHELBY COUNTY OVERVIEW

NEWSPAPER – THE COMMERCIAL APPEAL CIRCULATION

Daily Sunday Print 104,676 Print 136,160 Print / Electronic 145,452 Print / Electronic 177,483 Readership 280,959 Readership 431,606 Updated 4/4/2014 – Source: CA Media, Memphis DMA, 5/2/2011

MEMPHIS MSA Fayette (TN) Crittenden (AR) Benton (MS) Tate (MS) Shelby (TN) Desoto (MS) Tunica (MS) Tipton (TN) Marshall (MS)

DESIGNATED MARKETING AREA FOR TELEVISION Chester (TN) Tipton (TN) Tippah (MS) Crockett (TN) Alcorn (MS) Tunica (MS) Dyer (TN) Benton (MS) Crittenden (AR) Fayette (TN) Coahoma (MS) Cross (AR) Gibson (TN) Desoto (MS) Lee (AR) Hardeman (TN) Lafayette (MS) Mississippi (AR) Haywood (TN) Marshall (MS) Phillips (AR) Lauderdale (TN) Panola (MS) Poinsett (AR) McNairy (TN) Quitman (MS) St. Francis (AR) Shelby (TN) Tate (MS) Pemiscot (MO)

TOP TRAFFIC VOLUME INTERSECTIONS 1 Walnut Grove Rd & Germantown Pkwy 98,749 2 Walnut Grove Rd & Humphreys Blvd/Wolf River Blvd 87,585 3 Germantown Rd & Wolf River Blvd 78,107 4 Poplar Ave & Ridgeway Rd 76,675 5 Germantown Pkwy & Trinity Rd 69,565 6 Germantown Pkwy & US Hwy 64 68,676 7 US Hwy 78 & Goodman Rd (Olive Branch) 63,000 8 Winchester Rd & Hacks Cross Rd 62,518 9 Goodman Rd & Airways Blvd (Southaven) 61,000 10 Germantown Pkwy & Dexter Rd 57,247 11 The Lake District – A Gilad Development (I-40 & Canada Rd.) 53,467

Updated 4/4/2014 – Source: TDOT & MDOT 2012 Estimates, Road Counts Combined MEMPHIS - SHELBY COUNTY OVERVIEW

AREA COLLEGES AND UNIVERSITIES

Institution Location 2013 Fall Enrollment University of Memphis Memphis 21,650 Southwest TN Community College Memphis 10,740 Northwest Mississippi Community College Senatobia, MS 8,022 University of Phoenix, Memphis Campus Memphis 3,200 University of TN – Health Science Center Memphis 2,632 Rhodes College Memphis 1,950 Victory University Memphis 1,950 Mid-South Community College West Memphis, AR 1,943 Christian Brothers University Memphis 1,580 Bethel University Memphis 1,213 Baptist College of Health Sciences Memphis 1,101 Tennessee College of Applied Technology Memphis 1,000 Concorde Career College Memphis 980 Lemoyne-Owen College Memphis 946 Rust College Holly Springs, MS 936 Union University – Germantown Campus Germantown 825 Vatterott Career College Memphis 790 University of Mississippi – Desoto Campus Southaven, MS 731 Anthem Career College Memphis 684 Remington College – Memphis Campus Memphis 641 ITT Technical Institute Cordova 563 Southern College of Optometry Memphis 508 Memphis College of Art Memphis 429 Belhaven University Memphis 425 National College of Business & Technology Memphis 392 Updated 4/4/2014 – Source: Memphis Business Journal – Book of Lists – Fall 2013 Enrollment MEMPHIS REGIONAL MALLS

Each circle represents 5 mile radius.

Population Median HH Income Households 5 Miles 5 Miles 5 Miles Wolfchase Galleria 149,637 $65,235 56,878 Oak Court 233,667 $49,900 91,300 Carriage Crossing 80,263 $95,854 28,843 Southaven Towne Center 104,095 $50,115 37,432

Updated 4/4/2014 – Source: Synergos Tech – PopStats / TIGER Geography 04/2012 MEMPHIS REGIONAL MALLS

GENERAL MALL INFORMATION

Mall Owner Square Footage Sales Anchor Stores Dillard’s Macy’s Wolfchase Galleria Simon Property Group 1,153,000 $454 / SF JCPenney Sears Dillard’s Oak Court Simon Property Group 849,000 $330 / SF Macy’s Dillard’s Carriage Crossing Poag 712,000 $300 / SF Macy’s Southaven Towne Dillard’s CBL 810,814 $330 / SF Center JCPenney

Updated 4/4/2014 – Source: Memphis Business Journal wolfchase trade area

Abuelo’s Dunkin’ Donuts LA Fitness Romano’s Macaroni Grill Academy Sports El Mezcal LA Fitness Ross Dress for Less Advance Auto Parts Ethan Allen Lenny’s Sub Shop Sam’s Club Ashley Furniture FedEx Office Little Ceasar’s Pizza Sears ATC Fitness Firebirds Logan’s Roadhouse Shoe Carnival AutoZone Friday’s Longhorn Shogun Babies r Us Furniture Factories Showroom, Inc. Lowe’s Sports Authority Back Yard Burgers Goodwill Macys Sports Clips Haircuts Bahama Breeze Gordman’s Malco Movie Theatre Sprout’s Barnes & Noble Guitar Center Malco Theatre Starbuck’s Baskin Robbins Hertz Michaels Subway Basset hhgregg Newk’s Target Bed Bath & Beyond Hobby Lobby Office Depot Texas Roadhouse Best Buy Home Store OfficeMax The Home Depot Big Lots! Hooters Old Navy T J Maxx Buffalo Wild Wings J. Alexander’s Olive Garden Toys r Us Catherines Jared On The Border Ulta Cheddar’s JCPenney O’Charley’s Value City Furniture Chili’s Jim N Nick’s Bar B Q Pei Wei Walgreens Colton’s KFC PETsMART Walmart Costco Kirkland’s Pier 1 Imports Wells Fargo CVS Kohl’s Plato’s Zaxby’s Dick’s Sporting Goods Kroger Red Lobster Dillard’s Kroger Rite Aid Summary Demographic Profile

5 MILES 10 MILES 20 MILES POPULATION

2015 Total Population 84,156 282,245 972,516

2020 Projected Total Population 88,078 291,729 999,455

2010 Total Census Population 80,114 272,931 949,720

2015 Group Quarters Population 647 6,899 18,811

2010-2015 Population: Ann Grwth Rate 0.94% 0.64% 0.45%

2015-2020 Population: Ann Grwth Rate 0.92% 0.66% 0.55%

2015 Male Population 40,707 137,061 468,854

2015 Female Population 43,449 145,184 503,662

2015 Median Age 36.7 37.5 35.8 HOUSEHOLDS

2015 Total Households 30,937 104,476 367,517

2020 Projected Total Households 32,405 108,050 377,913

2015 Owner Occupied Housing Units 22,719 73,235 214,819

2015 Median Home Value $253,512 $245,442 $196,244 POPULATION BY RACE

2015 White Population 53,194 (63.2%) 177,143 (62.8%) 442,367 (45.5%)

2015 Black/African American Population 23,576 (28.0%) 79,378 (28.1%) 449,266 (46.2%)

2015 American Indian/Alaska Native Population 202 (0.2%) 662 (0.2%) 2,369 (0.2%)

2015 Asian Population 3,438 (4.1%) 11,147 (3.9%) 25,019 (2.6%)

2015 Pacific Islander Population 38 (0.0%) 120 (0.0%) 511 (0.1%)

2015 Other Race Population 1,848 (2.2%) 7,788 (2.8%) 35,630 (3.7%)

2015 Hispanic Population 4,168 (5.0%) 16,023 (5.7%) 61,684 (6.3%) Summary Demographic Profile

5 MILES 10 MILES 20 MILES EDUCATIONAL ATTAINMENT

2015 Pop Age 25+: Some College 14,186 (25.5%) 46,965 (24.9%) 151,845 (23.9%)

2015 Pop Age 25+: Associate’s Degree 4,651 (8.4%) 14,380 (7.6%) 42,475 (6.7%)

2015 Pop Age 25+: Bachelor’s Degree 15,045 (27.1%) 47,469 (25.1%) 120,101 (18.9%)

2015 Pop Age 25+: Graduate/Professional Degree 8,436 (15.2%) 29,121 (15.4%) 77,215 (12.2%) INCOME

2015 Average Household Income $98,939 $95,062 $73,088

2015 Median Household Income $79,347 $71,483 $51,727 BUSINESS

2015 Total Businesses 2,499 9,748 38,823

2015 Total Employees 33,571 122,245 525,749

Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2015 and 2020