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Westland Mall Hialeah, (Miami) Florida Known As the City of Progress, Hialeah, Florida, Has

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Westland Mall Hialeah, (Miami) Florida Known As the City of Progress, Hialeah, Florida, Has Westland Mall Westland Mall Hialeah, (Miami) Florida Known as the City of Progress, Hialeah, Florida, has always been about looking forward — a home field FORT LAUDERDALE, FL for pioneering aviatrix Amelia Earhart, close to the HOLLYWOOD, FL exciting growth in Miami, and a launching pad for aspiring consumers seeking their piece of success. MIAMI, FL CORAL GABLES, FL Westland Mall, its retail core, serves a proud and surprisingly affluent, multigenerational community 10 MILES that is proud of its heritage (predominantly Cuban) HOMESTEAD, FL and homes, and want the latest and best brands to show their commitment to their new lives. Westland Mall Hialeah, (Miami) Florida • Enclosed single-level regional mall • Only shopping center within a 10-mile radius • Accessible from Interstate 75, Palmetto Expressway, Florida Turnpike and US Highway 27 • Third largest Hispanic market in the United States by population Property Description major roads Palmetto Expressway (SR center description Enclosed, one-level center 826) and West 49th Street anchors Macy’s, Sears, and JCPenney total sf 835,000 key tenants Pandora, Tous, Aldo, H&M, Express, # of stores 95 New York & Company, G by Guess, # of parking 3,800 U.S. Polo Assn, and Cuban Guys THE CENTER THE MARKET STARWOOD Westland Mall “A vibrant community [–] an American industrial city that continues to grow. Hialeah is one of the largest areas for employment and economic development in Miami-Dade County.” — City of Hialeah THE CENTER THE MARKET STARWOOD Westland Mall • Fiercely loyal customer base • Mall sales above US average, including top-performing restaurants • Multimillion-dollar renovation recently completed • Near both Miami International and Opa-Locka airports The Heart of Hialeah Visible to 234,000 cars on Palmetto Nearby Miami International Airport Expressway and accessible to 61,000 is second busiest US airport for vehicles on US 27/Okeechobee Road international passengers 351-mile-long Florida East Coast 5.5 million visitors to Westland Mall Railway connects Hialeah with annually major Florida ports THE CENTER THE MARKET STARWOOD Westland Mall “A great alternative to the much busier and heavily populated city of Miami” — DestinationSeeker.com • In the heart of northwest Dade county, accessible from every major thoroughfare • Dense and growing local economy, dominated by medical, tourism, higher education, engineering and government • Hialeah is one of Florida’s largest and most family-oriented communities Viva Westland Projected 5-year population growth rate The large share of residents of Cuban of 6.2% versus 3.7% US average background is a source of potential tourism growth with impending embargo lift Population of nearly 216,600 within 3 miles doubles to 438,400 within 5 miles Daytime employment of 110,900 people within 3 miles, 272,700 workers within More than 40% of trade area households 5 miles have children under 18 Hialeah Park Racing and Casino Two master-planned communities under expansion construction More than 120,000 college students THE CENTER THE MARKET STARWOOD Westland Mall • Culturally diverse and dynamic place to live and shop Primary Trade Area Average Household • Premier Hispanic market and Latino customer base Expenditures $2,196 on food away from home • Stable home ownership, averaging 17 years $1,765 on apparel $814 on personal care products and services • Consumers value name brands and classic $592 on sports and Americana brands recreation $521 on home furnishings THE CENTER THE MARKET STARWOOD Westland Mall Pembroke Lakes Mall PEMBROKE PINES NORTH PERRY AIRPORT Distance to Competition Dolphin Mall Driving – 11 mi, 14 min Miami International Mall Driving – 10 mi, 12 min Palm Springs Mile Driving – 2 mi, 3 min Pembroke Lakes Mall 27 Driving – 14 mi, 16 min Palmetto Expressway 234,000 AADT MIAMI LAKES OPA-LOCKA AIRPORT West 16th Avenue 23,000 AADT US Hwy 27/W Okeechobee Road 61,000 AADT Palm Springs Mile Westland Mall West 49th Street/Route 932 West 12th Avenue 55,000 AADT 29,500 AADT Legend Primary Trade Area MEDLEY HIALEAH Secondary Trade Area DORAL Competition Access Roads (AADT= annual average daily traffic) MIAMI INT’L AIRPORT 3 MILES Dolphin Mall Miami International Mall THE CENTER THE MARKET STARWOOD Westland Mall 10 mi. I-95 Area Attractions 823,945 Miami Marlins Stadium Miami Dolphins Stadium Hialeah Park Racing and Casino I-75 27 Daytime Employees 87,746 Doral Golf Resort and Spa 5 mi. 272,705 Colleges Cordis Corp (HQ) Miami Dade College 3 mi. Businesses 28,732 110,863 Florida International Palmetto General Hospital University 13,188 University of Miami Westland Mall 216,616 438,419 Residential Population 1,657,511 Florida National University $46,289 Johnson & Wales University 35 Dade Medical College $53,468 826 Hialeah Hospital Household Income Combined enrollment: 122,900 $55,182 Doral Golf Resort Legend INTCOMEX (HQ) Carnival Cruise Corp (HQ) Dade County Police & Government Demographics Atkins Engineering Jackson Memorial Hospital Key Employers 3 MILES THE CENTER THE MARKET STARWOOD Westland Mall Demographics PTA1 STA2 TTA3 US Avg Population 2016 estimate 379,127 254,137 633,264 Shopping at Westland Mall 2021 projection 402,934 269,277 672,211 ranks as the #3 thing to do % growth 2016–2021 6.3% 6.0% 6.2% 3.7% in Hialeah Population White 91% 47% 73% 71% — TripAdvisor.com By Race Black 4% 45% 20% 13% Asian 1% 1% 1% 5% “Very Liveable City” Hispanic/Latino Ethnicity 90% 52% 75% 18% — AreaVibes.com Median Age 42 36 39 38 % age 15-24 12% 14% 13% 14% #9 in Top Places to Live in % age 25 to 44 27% 28% 27% 26% Florida % age 45 to 64 28% 25% 27% 26% — DestinationSeeker.com Households 2016 estimate 119,592 77,842 197,434 2021 projection 127,067 82,728 209,795 2016 households with kids under 18 41% 45% 43% 34% Average 2016 estimate $55,076 $49,683 $52,950 $77,135 Household % earning $75,000+ 23% 20% 22% 36% Income 2021 projection $59,110 $52,905 $56,663 $83,619 Education % college educated 43% 42% 43% 59% 1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 2,847 13,188 28,732 87,746 Employment daytime employment 22,629 110,863 272,705 823,945 1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area THE CENTER THE MARKET STARWOOD Westland Mall Predominant Market Lifestyle Segments Sustaining Families—33% Cautious Traditionalists—16% • Urban, multi-cultural mix • Over 55 year-old mix of • Younger to middle-age singles and couples • Middle-class families, blend • High rate of home ownership of kids, singles and couples • Fans of reading, home-based • Modest lifestyles, aspirational hobbies and travel shoppers • Enjoy eating out at family • Enjoy a wide variety of media restaurants • Pursue entertainment outside the home Striving Singles—14% Midlife Success—11% • Mix of young families and • Singles & couples in their 30’s singles and 40’s • Collegiate and in transition • Wealthiest of the Younger • Modest incomes Years class • Active members of local • College-educated with six- community organizations figure incomes • Enjoy outdoor sports, movies, • Executive and professional music and fast food jobs • Fans of technology, financial products, and travel THE CENTER THE MARKET STARWOOD Westland 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 Northridge Mall Chicago Ridge Mall Parkway Plaza Louis Joliet Mall Ohio Belden Village Mall Plaza West Covina The Promenade Bolingbrook / Senior Director, Leasing / 781.526.9800 / Solano Town Center Franklin Park Mall Jonathan Kaplan Indiana Great Northern Mall [email protected] Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Bryant Siragusa / National Director, Restaurants & Entertainment / Connecticut Hamburg Pavilion The Shops at Willow Bend 214.771.2003 / [email protected] Blue Back Square Michigan Virginia Florida Fairlane Town Center MacArthur Center Bill Cikalo / Director, Big Box Leasing & Development / 312.283.5121 / The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park [email protected] Westland Mall Montana Washington Georgia Rimrock Mall Capital Mall Michael Powers / Vice President, Leasing - East / 312.242.3208 / The Collection at Forsyth Kitsap Mall [email protected] Nebraska Gateway Mall Ed Coury / Senior Vice President, Leasing / 312.242.3217 / [email protected] Sources: The Nielsen Company; State Department of Transportation; State and Local Economic Development Resources 11/05/16 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com THE CENTER THE MARKET STARWOOD Westland Mall.
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