Hamburg Pavilion

Hamburg Pavilion Lexington, A community cited by a national publication as one of the “smartest” in America spends its time wisely —

and that’s why shoppers come to Hamburg Pavilion, a PARIS, KY GEORGETOWN, KY

center that combines the convenience of the traditional VERSAILLES, KY power center with the aesthetics, entertainment, and LEXINGTON, KY WINCHESTER, KY dining opportunities of a lifestyle center.

Located in Lexington, Ky., Hamburg Pavilion serves 10 MILES a growing, widely varying audience, including executives from the many international corporations in the area, students from some of the premier colleges and universities in the United States, and visitors who flock to the “Horse Capital of the World.”

Hamburg Pavilion is part of the excitement, too.

Hamburg Pavilion Lexington, Kentucky • Open-air regional center

• One of the largest shopping centers in Kentucky

• Renovation and expansion planned

• Multiple anchors include fashion discounters, apparel, electronics, books, cinema, sporting goods, crafts, and pet goods

Property Description

major roads I-75 and Man O’ War center description Super-regional power center with a lifestyle center Boulevard anchors Target, Kohl’s, Dick’s Sporting Goods, At Home, total sf 980,000 and Regal Cinemas

# of stores 75 key tenants Best Buy, Marshall’s, White House Black Market, DSW, Michael’s, PetsMart, Party City, Arhaus, Loft, Old Navy, # of parking 5,900 Babies R Us, Barnes & Noble, and HH Gregg

THE CENTER THE MARKET STARWOOD Hamburg Pavilion “… A youthful ambiance and an array of cultural and entertainment options, including one of the nation’s most vibrant culinary scenes.”

— Livability.com

THE CENTER THE MARKET STARWOOD Hamburg Pavilion • Located just off Interstate75

• Prime destination for daytime and evening dining

• Combines the convenience of power retail with a lifestyle center aesthetic for one-stop shopping

Easy to Find Easily accessed by 70,000 cars on Located within one mile of high income Interstate 75 and nearly 38,000 cars households ($103,400 average) and large on Man O’ War Blvd. share of white collar workers (82%) Wide-ranging anchor and retail Nearby 23,000-seat hosts categories encourage long dwell times concerts and events throughout the year, and Wildcats An integral component of the Hamburg Place community with additional retail, offices and residential

THE CENTER THE MARKET STARWOOD Hamburg Pavilion “Acres and acres of shopping at the Man O’ War Exit 108 and I-75.”

— VisitLex.com • “Horse capital of the world”

• Strong tourism draw

• Financial, educational, healthcare and cultural core of the region

• Home to international corporations

Growing Market, Terrific Tourism Trade area population of 592,700 Region receives $5 billion a year from the expected to rise 4.3% by 2021, state’s horse industry, including a $590 above US average million impact from races and thoroughbred sales, a global draw Nearly 80,000 trade area households have incomes above $75,000, and Bluegrass region hosts more than 2.5 50,000 households earn $100,000+ million annual tourists and 70+ hotels 41,800 daytime employees work within Kentucky Bourbon Trail named a “Top 10 3 miles and 109,600 within 5 miles Classic American Experience” by CNN

THE CENTER THE MARKET STARWOOD Hamburg Pavilion • Consistently recognized as one of the best places to live Trade Area Average Household Expenditures • Lexington ranked No #7 in US school systems on Par with US $2,133 on food away from by GreatSchools home $1,694 on apparel $793 on personal care • Region is home to 70,000 college students products and services $705 on sports and • Growing, highly educated population recreation $604 on home furnishings

THE CENTER THE MARKET STARWOOD Hamburg Pavilion Distance to Competition Fayette Mall Driving – 9 mi, 15 min GEORGETOWN The Outlet Shoppes of the Bluegrass Richmond Centre (Simpsonville) Driving – 9 mi, 16 min

Sir Barton Way The Outlet Shoppes 16,800 AADT of the Bluegrass 60 Driving – 37 mi, 52 min 37,200 AADT The Summit at Fritz Farm (Spring 2017) LEXINGTON 60 Driving – 10 mi, 16 min Hamburg Pavilion 13,700 AADT

Fayette Mall The Summit at Fritz Farm (Spring 2017) WINCHESTER

Man O’War Blvd 37,700 AADT I-75 70,000 AADT Legend Primary Trade Area Secondary Trade Area RICHMOND Richmond Centre Competition Access Roads

(AADT= annual average daily traffic)

3 MILES

THE CENTER THE MARKET STARWOOD Hamburg Pavilion I-75

I-64 Area Attractions 10 mi. Rupp Arena 210,615 Commonwealth Stadium Keeneland Race Course Lexington Ballet Company Lexington Opera House Daytime Employees 5 mi. 18,272 Lexmark International Inc Alexander T. Hunt Civil War

109,633 Museum 3 mi. Businesses

41,827 10,295 Predominant Colleges 60 University of Kentucky I-64 University of Kentucky 3,527 KentuckyOne Health Bluegrass Community and Hamburg Pavilion 61,482 149,898 Residential Population 321,841 Technical College Baptist Health Eastern Kentucky University $74,981 Osram Sylvania National College – Lockheed Martin $68,280 Lexington Household Income 60 Xerox Combined enrollment: 50,100

I-75 $72,837 Legend

25 Demographics Key Employers

3 MILES

THE CENTER THE MARKET STARWOOD Hamburg Pavilion Demographics PTA1 STA2 TTA3 US Avg Population 2016 estimate 339,155 253,503 592,658 Lexington was named one 2021 projection 356,331 261,746 618,077 of the 10 smartest cities by % growth 2016–2021 5.1% 3.3% 4.3% 3.7% US News & World Report Population White 83% 81% 82% 71% By Race Black 10% 10% 10% 13% Ranked #2 among “Most Asian 2% 3% 3% 5% Educated Workforces” Hispanic Ethnicity 5% 6% 5% 18% — Business Facilities Median Age 37 35 36 38 % age 15-24 14% 18% 16% 14% Ranked #2 in “Best Cities for % age 25 to 44 28% 27% 27% 26% Relocating Families” % age 45 to 64 26% 25% 25% 26% — Worldwide ERC & Primary Relocation Households 2016 estimate 132,981 104,804 237,785 Ranked #5 in “Best Places for 2021 projection 139,624 108,613 248,237 Business and Careers” 2016 households with kids under 18 34% 29% 31% 34% — Forbes Average 2016 estimate $68,669 $70,964 $69,680 $77,135 Household % earning $75,000+ 33% 32% 33% 36% Income One of “Top Ten Best Places 2021 projection $74,405 $76,238 $75,207 $83,619 to Live” Education % college educated 58% 67% 62% 59% — Relocated America 1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 724 3,527 10,295 18,272 Ranked #5 -“Top College Employment daytime employment 9,209 41,827 109,633 210,615 Sports Town” — Forbes

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

THE CENTER THE MARKET STARWOOD Hamburg Pavilion Predominant Market Lifestyle Segments

Young Achievers—15% Accumulated Wealth—13% • 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 savvy electronics, sporting consumers equipment, cars and vacations

Striving Singles—12% Cautious Traditionalists—11% • Mix of young families and • Over 55 year-old mix of singles singles and couples • Collegiate and in transition • High rate of home ownership • Modest incomes • Fans of reading, home-based • Active members of local hobbies and travel community organizations • Enjoy eating out at family • Enjoy outdoor sports, movies, restaurants music and fast food • Pursue entertainment outside the home

THE CENTER THE MARKET STARWOOD Hamburg Pavilion 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 Belden Village Mall Solano Town Center Franklin Park Mall Indiana Great Northern Mall Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Mark Salman / Director, Leasing / 312.265.2231 / Connecticut Hamburg Pavilion The Shops at Willow Bend [email protected] Blue Back Square Michigan Virginia Florida Fairlane Town Center MacArthur Center Bryant Siragusa / National Director, Restaurants & Entertainment / The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park 214.771.2003 / [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 04/14/16 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com

THE CENTER THE MARKET STARWOOD Hamburg Pavilion