Southlake Mall

Southlake Mall Merrillville, Just 35 miles from Chicago, Merrillville has the best of CHICAGO, IL all worlds — affordable housing, good schools, and a

MICHIGAN CITY, IN mix of urban, suburban and rural living. So it makes GARY, IN sense that Southlake Mall would become the dominant

center and gathering place for its diverse community. VALPARAISO, IN CROWN POINT, IN

With 1.4 million square feet and some of the most INDIANA successful stores and restaurants in their chains, ILLINOIS 10 MILES Southlake has something for everyone: Chicago commuters, rural residents, and visitors from other Indiana cities.

From department stores to dining to a unique digital “river” that has become an attraction for adults and children alike, Southlake has it all.

Southlake Mall Merrillville, Indiana • Enclosed two-level super-regional mall

• Five anchors and adjacent theater

• More than 150 stores

• Closest enclosed center is 40 miles away

Property Description

major roads I-65 and US Highway 30 center description Enclosed, two-level center anchors Macy’s, Carson’s, JCPenney, Dick’s total sf 1,360,000 Sporting Goods, Kohl’s, Sears, and AMC Showplace 12

# of stores 155 key tenants New York & Company, Buckle, Bath & Body Works, Victoria’s Secret, H&M, Forever 21, Pink, Disney, Vans, # of parking 7,550 Skechers, Buffalo Wild Wings, and Cooper’s Hawk Winery & Restaurant

THE CENTER THE MARKET STARWOOD Southlake Mall “’s best shopping, dining and entertainment destination for the whole family.”

— Crossroads Regional Chamber of Commerce

THE CENTER THE MARKET STARWOOD Southlake Mall • Located along Northwest Indiana’s I-65 corridor

• Recent renovation includes interactive Digital River at The Docks, that lets shoppers skip stones, customize fish and blooms, and watch them float down the river

• Diverse dining mix of fast-casual and sit-down restaurants

A Captive and Captivated Market 35 miles southeast of Chicago Diverse trade area with rural and suburban submarkets Accessible to 75,200 vehicles daily on Interstate 65 and 65,400 cars Sales tax is lower than metro Chicago, on Hwy 30 discouraging shopping elsewhere Only enclosed center in Lake County, the second largest county in Indiana

THE CENTER THE MARKET STARWOOD Southlake Mall “The Region’s retail hub” —NWI Times, February 23, 2016 • Lake County is a leading job growth engine in the Midwest

• Economy dominated by scientific, professional, oil, healthcare, and higher education

• Pro-business community

• Strong housing growth

City Opportunities, Small Town Lifestyle Trade area population of 471,100 Primary Trade Area median home value is $172,900, 23% lower than in metro Chicago Primary trade area household growth of 23% since 2000 has outpaced Major regional construction projects national average include: Indiana University Northwest Arts and Sciences building; more than $500 Daytime employment of 11,000 million in state and local highway projects; within one mile triples to 33,000 and investment in nearby BP plant within three miles

THE CENTER THE MARKET STARWOOD Southlake Mall • Exceptionally large trade area includes urban, suburban, Primary Trade Area and rural residents Average Household Expenditures $2,550 on food away from • Affordable housing and low cost of living results home, 7% above US $1,863 on apparel, 2% in higher discretionary income above US $1,001 on personal care products and services, 9% • Comprehensive and rigorous primary and secondary above US school curriculum $810 on sports and recreation, on par with US $651 on home furnishings, • More than 17,000 college students in the market on par with US Photo: Design Organization Photo:

THE CENTER THE MARKET STARWOOD Southlake Mall ORLAND PARK Orland Square

GARY Distance to Competing Regional Mall Orland Square Mississippi Street Driving – 41 mi, 45 min 16,200 AADT

MERRILLVILLE

CHICAGO HEIGHTS

Hwy 30/East Lincoln Hwy Southlake Mall 65,400 AADT

CROWN POINT

I-65 75,200 AADT

Legend Primary Trade Area ILLINOIS INDIANA Secondary Trade Area Competition ILLINOIS INDIANA Access Roads

50 MILES (AADT= annual average daily traffic) 3 MILES

THE CENTER THE MARKET STARWOOD Southlake Mall US Steel Corp

I-90 Area Attractions Albanese Candy Factory

10 mi. Deep River Waterpark US Steel Yard stadium Indiana University Northwest 143,543 (minor league baseball)

53 Predominant Colleges Purdue University – Calumet Campus Daytime Employees 5 mi. 14,414 St. Mary Medical Center Valparaiso University 57,363 Indiana University – Northwest 3 mi. Businesses 5,710 Combined enrollment: 17,600 33,043

30 3,042 Southlake Mall

24,855 93,930 Residential Population 345,747 NiSource (HQ)

Methodist Hospitals $61,728

$66,534

Household Income

Legend

I-65 $68,885 Demographics Key Employers

St. Anthony Medical Center 3 MILES

THE CENTER THE MARKET STARWOOD Southlake Mall Demographics PTA1 STA2 TTA3 US Avg Population 2016 estimate 214,384 256,709 471,093 “Between 2007 and 2011, a 2021 projection 219,067 256,875 475,942 net total of more than 5,600 % growth 2016–2021 2.2% 0.1% 1.0% 3.7% people relocated from Cook Population White 82% 65% 73% 71% County, IL to Lake County, IN, By Race Black 11% 27% 20% 13% according to census figures. “ Asian 1% 1% 1% 5% — Chicago Tribune, May 11, 2014 Hispanic Ethnicity 11% 11% 11% 18% Median Age 40 39 39 38 Lake County seat Crown % age 15-24 14% 13% 14% 14% Point named “Best Place to Live” By NWI Times five years % age 25 to 44 25% 24% 24% 26% running % age 45 to 64 27% 27% 27% 26% Households 2016 estimate 79,977 98,596 178,573 Merrillville is an Indiana 2021 projection 81,887 98,902 180,789 “CLEAN” (Comprehensive 2016 households with kids under 18 35% 34% 34% 34% Local Environmental Action Average 2016 estimate $75,702 $68,074 $71,490 $77,135 Household Network) Community for its % earning $75,000+ 40% 34% 37% 36% Income sustainability efforts 2021 projection $82,082 $76,219 $78,874 $83,619 Education % college educated 54% 51% 53% 59%

1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 627 3,042 5,710 14,414 Employment daytime employment 10,968 33,043 57,363 143,543

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

THE CENTER THE MARKET STARWOOD Southlake Mall Predominant Market Lifestyle Segments

Cautious Traditionalists—21% Young Accumulators—15% • Over 55 year-old mix of • Married with large families singles and couples • Age 35 to 50 • High rate of home ownership • Mix of upscale professional • Fans of reading, home-based and managerial jobs hobbies and travel • Fashioned comfortable, • Enjoy eating out at family upper-middle class lifestyles restaurants • Favor outdoor activities, • Pursue entertainment outside team sports and kid-friendly the home technology

Accumulated Wealth—12% Conservative Classics—12% • Families & couples age 50+ • Upper-middle-class age 55+ • Upscale, college-educated • Childless singles and couples baby boomers • College-educated • Sprawling suburban homes • Enjoy comforts of home, • Disposable cash and gardening, reading, and sophisticated tastes entertaining • Enjoy top-of-the-line • Frequent patrons to electronics, sporting museums, the theater, and equipment, cars and casual-dining restaurants vacations

THE CENTER THE MARKET STARWOOD Southlake 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 Parkway Plaza Ohio Belden Village Mall Plaza West Covina The Promenade Bolingbrook / Senior Director, Leasing / 312.242.3182 / Solano Town Center Franklin Park Mall Joe Nicchetta 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 Naumann Idrees / Vice President, Leasing – West / 312.265.7046 / 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 11/07/16 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com

THE CENTER THE MARKET STARWOOD Southlake Mall