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Franklin Park Mall Toledo, Ohio As the Only Enclosed Super-Regional Center in a 50

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Franklin Park Mall Toledo, Ohio As the Only Enclosed Super-Regional Center in a 50 Franklin Park Mall Franklin Park Mall Toledo, Ohio As the only enclosed super-regional center in a 50- mile radius, Franklin Park Mall impresses: 1.3 million MONROE, MI square feet; more than 45,000 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, one-level super-regional mall • Mixes traditional and lifestyle tenants for one-stop shopping • A new Altar’d State and BoxLunch in 2017 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 1,293,000 Goods, and Cinemark 16 & XD key tenants Apple Store, Williams-Sonoma, Pottery Barn, # of stores 142 Banana Republic, J Crew Mercantile, Pandora, Pink, Talbot’s, Swarovski, H&M, # of parking 6,100 Bravo Cucina Italiana,Dave & Buster’s, Sephora, Altar’d State, Ulta and BoxLunch 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 Interchange • 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 Ohio Turnpike, and Route 23 Diverse anchor mix with fine fashion, Accessible to 66,900 cars on furnishings and sporting goods Interstate 475 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 Winner of the “Best Mall” category in the 2016 Best of Toledo survey — Town City Paper • 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 University of Toledo provides convenient transportation for 22,000 Trade area population of 560,900 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 $2,130 on food away from home $1,736 on apparel • Affluent communities within three miles $682 on sports and recreation • New housing developments planned in region $564 on home furnishings $806 on personal care products and services • Municipality encouraging public/private partnerships to promote tourism THE CENTER THE MARKET STARWOOD Franklin Park Mall MICHIGAN Briarwood Mall 23 Distance to Competition (Ann Arbor, MI) MICHIGAN 45,100 AADT OHIO 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 Westgate Village Talmadge Road Driving – 2 mi, 6 min 21,300 AADT TOLEDO I-475 66,850 AADT MICHIGANOHIO Legend Primary Trade Area MAUMEE Secondary Trade Area MONCLOVA PERRYSBURG Competition Fallen Timbers Access Roads 25 MILES (AADT= annual average daily traffic) Levis Commons 3 MILES THE CENTER THE MARKET STARWOOD Franklin Park Mall Monroe Community College Area Attractions (Monroe, MI) Maumee River I-75 23 Toledo Museum of Art MICHIGAN Toledo Zoo OHIO Hollywood Casino General Motors – Powertrain Toledo Mud Hens Baseball Lourdes University The Huntington Center Franklin Park Mall Chrysler Toledo Machining Plant (Lucas County Arena) Cedar Point Amusement Park Colleges 20 ProMedica Toledo Hospital Mercy St. Vincent Medical Center Bowling Green State TOLEDO University University of Toledo Libbey Glass (HQ) University of Toledo I-475 20 Owens Corning (HQ) Owens Community College Mercy St. Charles Hospital Monroe Community College OREGON Lourdes University University of Toledo I-280 & Medical Center Combined enrollment: 57,300 I-75 Legend Primary Trade Area I-90 Owens Community College Bowling Green State Secondary Trade Area University Colleges (Bowling Green) 3 MILES Key Employers TOLEDO EXECUTIVE MAUMEE AIRPORT PERRYSBURG THE CENTER THE MARKET STARWOOD Franklin Park Mall Demographics PTA1 STA2 TTA3 US Avg Population 2017 estimate 498,886 62,058 560,944 “Water Recreation Capital of 2022 projection 496,658 63,224 559,882 the Midwest.” % growth 2017–2022 -0.4% 1.9% -0.2% 3.8% — DoToledo.com Population White 75% 90% 77% 70% By Race Black 17% 5% 16% 13% Nationally recognized Asian 2% 2% 2% 6% business, engineering, law Hispanic Ethnicity 7% 5% 7% 18% and occupational therapy Median Age 38 32 38 38 programs at University of % age 15-24 13% 28% 15% 14% Toledo — Forbes.com % age 25 to 44 25% 22% 25% 26% % age 45 to 64 26% 22% 26% 26% Whether you’re looking for Households 2017 estimate 205,921 23,362 229,283 world-renowned museums, 2022 projection 206,162 23,765 229,927 golf, or fun with the kids, 2017 households with kids under 18 31% 26% 31% 34% Toledo is a sure bet Average 2017 estimate $66,200 $71,036 $66,693 $80,853 Household — TripAdvisor % earning $75,000+ 31% 37% 31% 38% Income 2022 projection $73,031 $77,444 $73,487 $87,464 Education % college educated 58% 63% 59% 59% 1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 1,454 5,440 10,124 22,159 Employment daytime employment 15,387 54,352 116,598 280,339 1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area THE CENTER THE MARKET STARWOOD Franklin Park Mall Predominant Market Lifestyle Segments Cautious Traditionalists—18% Sustaining Families—17% • Over 55 year-old mix of • Urban, multi-cultural mix singles and couples • Younger to middle-age • High rate of home ownership • Middle-class families, blend of • Fans of reading, home-based kids, singles and couples hobbies and travel • Modest lifestyles, aspirational • Enjoy eating out at family shoppers restaurants • Enjoy a wide variety of media • 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 Hope Mathews / Senior Director, Leasing / 312.373.3586 / Northridge Mall Chicago Ridge Mall [email protected] Parkway Plaza Louis Joliet Mall Ohio Belden Village Mall Plaza West Covina The Promenade Bolingbrook / Director, Big Box Leasing & Development / 312.283.5121 / Solano Town Center Franklin Park Mall Bill Cikalo Indiana Great Northern Mall [email protected] Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Jake Miller / Senior Associate, National Restaurant and Entertainment Connecticut Hamburg Pavilion The Shops at Willow Bend Leasing – Central / 614.256.7385 / [email protected] Blue Back Square Michigan Virginia Florida Fairlane Town Center MacArthur Center Bryant Siragusa / Vice President, National Restaurant and Entertainment The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park Leasing / 214.771.2003 / [email protected] Westland Mall Montana Washington Georgia Rimrock Mall Capital Mall Joe Nicchetta / Vice President, Leasing - East / 312.242.3182 / The Collection at Forsyth Kitsap Mall [email protected] Nebraska Gateway Mall Michael Powers / Senior Vice President, Leasing / 312.242.3208 / [email protected] Sources: The Nielsen Company; State Department of Transportation; State and Local Economic Development Resources 11/21/17 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com THE CENTER THE MARKET STARWOOD Franklin Park Mall.
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