Brittany Danahy Sperry Vana Nessd Vadvisorsisors

L EGEND LEGEND PROPERTIES P ROPER TIES INC. C O M M E R C I A L R E A L E S T A T E COMMERCIAL REAL ESTATE 8 5 6 2 3 1 1 0 1 0 • w w w . l p r e . c o m the lifestyle center for livable delaware

The Vineyards is an 82 acre mixed use development featuring 425,000 sq ft of retail and office space with up to 927 residential units and a 150-room Hilton Garden Inn, plus 35,000 civic space, fitness center, lake, boardwalk and am- phitheater located next to Delaware's oldest and most vibrant vineyard.

The Vineyards satisfies the unfulfilled demand for fashion, accessories, home furnishings, dining, and entertainment experiences with the allure of an operational and historic vineyard.

This lifestyle center leverages Sussex County’s housing boom which boasts average residential sales of approximately 7,000 units annually with 79,000 housing units proposed or constructed.

Huge seasonal population base includes 6,000,000 beach visitors of which 3,000,000 stay overnight.

There are 300,000 people within this market, with 140,000 employees.

L EGEND LEGEND PROPERTIES PRO PERT I IES NC. C O M M E R C I A L R E A L E S T A T E COMMERCIAL REAL ESTATE 8 5 6 2 3 1 1 0 1 0 • w w w . l p r e . c o m Sussex County Delaware Demographic Trends Population Growth Rate Per Annum: 3.3%

2000 2007 2012 Leisure Travelers ( > 50 miles) Population 156,638 191,685 219,226 6 million visitors spend average of $328 per visit Households 62,577 77,504 89,265 Quarterly Percentage of Leisure Travel Median HHI $39,138 $50,067 $59,690 Jan-Mar 20% Jul-Sep 35% Source: 2000 Census. ESRI forecasts for 2007 and 2012. Apr-Jun 22% Oct-Dec 23% Destination Shopping Delmarva Year-Round Housing Occupancy 2007: 77,504 of 112,931 (69% occupied) 2006: 73,397 of 111,606 (66% occupied) 2005: 70,654 of 107,119 (66% occupied) Median Home Prices (Highest in State) Sussex County median price ~ $260,000 Eastern Sussex County median price near $400,000 Jobs have grown faster in Sussex 135 130 125 120 Sussex 115 Delaware 110 U.S. 105 Growth Index 100 95

6 7 8 9 9 0 1 2 3 4 5 99 99 9 0 0 0 0 0 0 1 1 19 19 20 20 20 20 20 20 2006 Cape May, NJ Atlantic Ocean To Bethany Beach Lewes Beach IndianIndian RiverRiver BayBay Rehoboth Beach

Beebe Hospital

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P C RESIDENTIAL LEGEND ID Sq. Ft. ID Sq. Ft. ID Sq. Ft. Block 05 Block 10 Block 13 05B 10,995 10C 7,195 13A 11,824 Block 08 10D 12,505 13B 22,405 08A 13,123 10E 15,387 08B 9,313 10I 15,047 Block 14 10H 3,737 14A* 8,597 Block 09 Block 11 14B 9,420 09A 10,481 14C 12,609 09B 24,206 11A 12,183 Phase 5 11B 12,183 14D 9,385 11C 10,936 14E 8,597 105 spaces * Denotes 2nd floor s quare footage 11D 7,304 16 Phase 7A

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Proposed New RI/RO Entrance Delaware Route 9 Proposed New Primary Entrance Delaware Route 9

TENANT LEGEND COLOR LEGEND ID Tenant Sq. Ft. ID Tenant Sq . Ft. ID Tenant Sq . Ft. ID Tenant Sq . Ft. ID Tenant Sq . Ft. ID Tenant Sq . Ft. Block 01 Block 06 Block 08 Anchor Retail 01A-1 (Available) 7,000 03B-1 Petco 14,600 03E-1 Bad Hair Day 4,797 04B-1 Apple 1,596 06A-1 HOA (Civic) 800 08C-1 Orvis 4,983 03B-2 Ulta 8,400 03E-2 (Accessories) 2,319 04B-2 Iron Hill 4,368 06A-2 HOA (Civic) 800 08C-2 Orvis 3,413 Restaurant Block 02 03B-3 (Available) 9,000 03E-3 (Accessories) 2,893 04B-3 Iron Hill 3,056 06A-3 DiSabatino's 3,315 02A-1 Kohl's 64,000 03B-4 Dos Locos Stone Grill 4,179 08D-1 Ann Tay lor Loft 2,211 03E-4 Echelon 8,696 04B-4 Iron Hill 3,717 08D-2 Ann Tay lor Loft 1,652 Retail 02A-2 Kohl's Expans ion 23,200 04B-5 (Av ailable) 3,365 Block 07 03D-1 Jav a Detour 2,627 03G-1 (Av ailable) 7,170 08D-3 Ann Tay lor Loft 2,083 02A-3 (Av ailable) 15,167 04B-6 (Available) 3,278 07A-1 (Available) 3,198 Office 02A-4 (Available) 5,700 03D-2/03D-3 Big Fish Grill 7,990 07A-2 Kitchen Kapers 5,685 02A-5 (Available) 9,800 03D-4 Big Fish Mark et 6,346 Block 04 04C-1 Athletic Club 23,368 07A-3 Chistopher & Banks 3,270 BLOCK 10 04A-1 OA Agenc y Sales 3,216 07A-4 Chipotle 2,857 10A-1 Sulliv an's 4,776 Civic Block 03 04A-2 OA Assoc. Design Center 4,422 04D-1 Victoria's Secret 5,898 10A-2 (Available) 1,719 03A-1 Best Buy 25,000 04D-2 Johnston Murphy 4,232 07B-1 Chico's 3,708 Hotel 03A-2 Dick's Sporting Goods 30,000 04A-3 Jos A Banks 4,772 04D-3 Tommy Bahama 7,042 07B-2 California Café 5,192 10F-1 (Apparel) 2,362 03A-3 Fresh Market 22,000 04A-4 White House/Black Market 2,727 07B-3 Perfumania 1,510 10F-2 (Bridal) 2,092 Residential 04A-5 Cheeburger Cheeburger 3,695 Block 05 10F-3 (Bakery) 2,014 05C-1 Liquid 3,694 07B-4 Starbuck s 1,820 05C-2 Barnes & Noble 14,177 07C-1 Zumiez 1,916 10G-1 Papy rus 2,014 07C-2 Afterhours 2,197 10G-2 (Gifts) 1,371 05D-1 Talbots 2,572 10G-3 Rocky Mtn. Chocolate 2,137 05D-2 Bath & Body 3,401 07C-3 Veriz on Dealer 3,948 10G-4 (China) 2,416 OPTION "B7" FIRST LEVEL 2151 Hawkins Street/ Suite 400 NOTE: All Tenant information is preliminary and subject to change. Tenant calculations represent Charlotte, NC 28203-4927 leasable area, calculated from the outside face of exterior walls and center line of demising walls. T 704 377 0661 F 704 377 0953 Typical. RETAIL AT VINEYARDS www.shookkelley.com The Vineyards at Nassau Valley Lewes, Delaware Site plan is diagramatic and meant only to convey design intent. DATE: 11.25.2008 SCALE:1"=200' Brittany Danahy Sperry VanA Nessd vAdvisorsisors

Brittany Danahy serves as an Advisor for Sperry Van Ness/Miller Commercial Real Estate, specializing in the sale and lease of retail and professional office space throughout Sussex and Kent County, Delaware.

Prior to joining Sperry Van Ness, Danahy served as a commercial realtor for Ocean Atlantic Commercial which she played an iatrical roll of creating and growing. Danahy oversaw all commercial transactions including sale and leasing of retail, office, land and multi-family properties. Danahy worked and continues to

work along side the development company, Ocean Atlantic to successfully lease all developed commercial properties.

A graduate of the University of San Diego, Brittany majored in Business with an emphasis in Real Estate. In 2004 Brittany began working for Grubb & Ellis | BRE Commercial, an affiliate of Grubb & Ellis, While at BRE Commercial, Brittany worked on a team with a company wide top producer (over $300,000,000 in completed transactions), eight years in a row of industrial sales and leasing. While attending the University of San Diego, Brittany secured an internship from 2002-2004 with Marcus and Millichap and worked to help procure the disposition of multi-family properties.

Brittany holds a California Real Estate License as well as a Delaware Real Estate

License. She is moving towards obtaining her CCIM (Certified Commercial Brittany Danahy Investment Member) designation, making her an expert in the disciplines of Advisor commercial and investment real estate. Brittany is also a member of ICSC

Sperry Van Ness (International Council of Shopping Centers) and has been named a leader of ICSC – Next Generation, a group of up and coming retail real estate professionals. Brittany is involved locally in the Chamber of Commerce and has been an ongoing volunteer with the Cystic Fibrosis Foundation. She resides in Rehoboth Beach with her husband, Kevin and two children, McKenna and Shea.