SouthPark Mall

SouthPark Mall Strongsville, () One of the best established and most successful centers in the dynamic Cleveland

market, SouthPark Mall has changed along CLEVELAND, OH WESTLAKE, OH with the times — and continues to do so with the STRONGSVILLE, OH

recent opening of The Commons. OBERLIN, OH

A dominant center with something for everyone, AKRON, OH from department stores to dining to sporting 10 MILES goods to fashion, SouthPark is as durable and adaptable as its hometown name implies.

It’s the center Clevelanders have loved for years — yet always something new.

SouthPark Mall Strongsville, (Cleveland) Ohio • The epitome of the super-regional mall

• Directly off Interstate71 , three miles from Interstate 80

• Largest collection of retailers in Northeast Ohio

• Draws from Medina, Summit, Lorain, Wayne and Ashland Counties as well as Cuyahoga

Property Description

major roads I-71 & Highway 82 center description Enclosed, two-level center anchors Macy’s, Sears, JCPenney, Dillard’s, Kohl’s, total sf 1,650,000 Dick’s Sporting Goods, and Cinemark Theater

# of stores 175 key tenants Williams-Sonoma, Francesca’s Collection, Chico’s, Loft, Soma, H&M, Charlotte Russe, PINK, Sephora, # of parking 7,800 Pandora, Banana Republic, Hollister, Michaels, DSW, Brown-Aveda Institute, and The Rail

THE CENTER THE MARKET STARWOOD SouthPark Mall “Blends a bustling business community with small-town charm.”

— City of Strongsville

THE CENTER THE MARKET STARWOOD SouthPark Mall • Rare seven-anchor center combines fashion and everyday staples on two levels

• Well-established mall for solid core of homeowners

• The Commons at SouthPark opened in 2016

• Home to new, in-demand specialty shops

Defining Super-Regional Retail Combination of department store High traffic and visibility:90,100 and specialty anchors allow one-stop vehicles daily on I-71 shopping Conversion of former supermarket to New retailers include: Francesca’s The Commons adds category-dominant Collection, H&M, Pandora, PINK, Sephora, tenants including DSW, Michaels, Core Kid’s Foot Locker/Fly Zone, Zumiez and Life Eatery and The Rail Bar Louie

THE CENTER THE MARKET STARWOOD SouthPark Mall “One of Northeast Ohio’s oldest and most established malls, this Strongsville indoor shopping bonanza has all the jewelry, shoes, clothes and body care products you could ask for, highlighted by Williams-Sonoma, and Sephora.” —ThisIsCleveland.com • Average Household Income of $93,100 in primary trade area projected to increase to $100,000 by 2022

• 34% of primary trade area households earn $100,000+

• 70,300 employees within five miles

Where Cleveland Rocks and Rolls City of Strongsville has earned Moody’s Cleveland attracted nearly 18 million AAA rating visitors in 2015 Named “must visit” travel destination by: Convention center has seen increases New York Times, Los Angeles Times, of up to 70%, in booked room nights, in Fodor’s Travel, Travel & Leisure recent years 28 institutions of higher learning with more than 210,000 students

THE CENTER THE MARKET STARWOOD SouthPark Mall • Strong Pro-Business Environment Primary Trade Area Average Household Expenditures Trend • Growing Conference Location Above US $2,7,30 on food away from • Expanding Tourism Market home $2,049 on apparel $1,109 on personal care • A Center of Education products and services $719 on home furnishings $1,032 on sports and recreation

THE CENTER THE MARKET STARWOOD SouthPark Mall CLEVELAND

LAKEWOOD

Crocker Park Westgate Distance to Competition I-71 NORTH Beachwood Place OLMSTED Driving – 32 mi, 37 min Great Northern Mall CLEVELAND PARMA HOPKINS INT’L AIRPORT Driving – 21 mi, 29 min I-80 MIDDLEBURG Great Northern Mall HEIGHTS Driving – 15 mi, 21 min Royalton Road/Route 82 Summit Mall 31,800 AADT SouthPark Mall Driving – 23 mi, 30 min 82 NORTH The Shoppes at Parma ROYALTON STRONGSVILLE Driving – 10 mi, 20 min

Howe Road Westgate 16,000 AADT Driving – 14 mi, 22 min

I-71 90,100 AADT I-271

42 Legend 24,200 AADT Summit Mall Primary Trade Area

Secondary Trade Area

Competition

Access Roads

(AADT= annual average daily traffic) 3 MILES

THE CENTER THE MARKET STARWOOD SouthPark Mall I-71

Area Attractions NASA Glenn Research Center GM Metal Fabrication Rock and Roll Hall of Fame CLEVELAND HOPKINS PARMA & Museum INT’L AIRPORT Aquarium 42 JACK Casino Cleveland Baldwin Wallace University Cuyahoga Community College Playhouse Square Southwest General Strongsville Business & Health Center MIDDLEBURG I-80 Technology Park (largest HEIGHTS I-77 industrial park in NE Ohio)

Colleges Baldwin Wallace University Cleveland Clinic – Strongsville Surgery Center Cuyahoga Community 82 STRONGSVILLE NORTH College ROYALTON Combined Enrollment: 31,300

SouthPark Mall

Legend 42 Primary Trade Area I-71 Secondary Trade Area

Colleges

3 MILES Key Employers

THE CENTER THE MARKET STARWOOD SouthPark Mall Demographics PTA1 STA2 TTA3 US Avg Population 2017 estimate 247,720 170,519 418,239 A Place to Work, A Place to Live 2022 projection 251,675 172,724 424,399 Major industries include fastest growing employment sectors: % growth 2017–2022 1.6% 1.3% 1.5% 3.8% Healthcare, Biotechnology, Automotive Population White 93% 92% 92% 70% Manufacturing, Banking, Education By Race Black 3% 2% 2% 13% 80% of trade area housing units are owner-occupied Asian 3% 3% 3% 6% $750M waterfront development with Hispanic Ethnicity 2% 3% 3% 18% residential, office, etc. continuing Median Age 43 44 43 38 development % age 15-24 13% 12% 13% 14% nuCLEus downtown development to includeresidential, office, retail and % age 25 to 44 23% 23% 23% 26% restaurant space % age 45 to 64 30% 29% 30% 26% Hotel boom includes Aloft, Westin, Households 2017 estimate 95,673 70,320 165,993 Hilton 2022 projection 97,838 71,444 169,282 “Distinctive neighborhoods, abundant shopping, 2,400 acres of green space, 2017 households with kids under 18 33% 28% 31% 34% excellent services, top-notch schools Average 2017 estimate $93,145 $79,964 $87,561 $80,853 and active civic groups” (City of Household Strongsville) % earning $100,000+ 34% 27% 31% 26% Income “[SouthPark], the newest enclosed mall 2022 projection $100,047 $85,260 $93,806 $87,464 in Cuyahoga County, is flourishing.” Education % college educated 64% 61% 63% 59% (Cleveland.com, May 2015)

1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 800 2,366 5,748 17,693 Employment daytime employment 9,173 26,720 70,328 230,657

1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area

THE CENTER THE MARKET STARWOOD SouthPark Mall Predominant Market Lifestyle Segments

Conservative Classics—21% Accumulated Wealth—20% • Upper-middle-class age 55+ • Families & couples age 50+ • Childless singles and couples • Upscale, college-educated • College-educated baby boomers • Enjoy comforts of home, • Sprawling suburban homes gardening, reading, and • Disposable cash and entertaining sophisticated tastes • Frequent patrons to • Enjoy top-of-the-line museums, the theater, and electronics, sporting casual-dining restaurants equipment, cars and vacations

Cautious Traditionalists—18% Affluent Empty Nesters—12% • Over 55 year-old mix of • Upscale couples age 45+ singles and couples with children • High rate of home ownership • College-educated holding • Fans of reading, home-based executive and professional hobbies and travel positions • Enjoy eating out at family • Disposable cash with active restaurants lifestyles • Pursue social activities and • Involved in the community entertainment outside the • Indulge in travel, cultural home events, and exercise equipment

THE CENTER THE MARKET STARWOOD SouthPark 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 Plaza West Covina The Promenade Bolingbrook / Director, Leasing / 440.668.3665 / Solano Town Center Tony Verostko Indiana Great Northern Mall [email protected] Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Bill Cikalo / Director, Big Box Leasing & Development / 312.283.5121 / Connecticut Hamburg Pavilion [email protected] Blue Back Square 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 04/26/17 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com

THE CENTER THE MARKET STARWOOD SouthPark Mall