Great Northern Mall

Great Northern Mall North Olmsted, (Cleveland) Ohio A huge mall, just outside a resurging city, with unique-to-market retailers: a sure recipe for success.

But Great Northern Mall, located on Cleveland’s WESTLAKE, OH CLEVELAND, OH West Side, offers something more. Its diverse anchors, revitalized Dining Court and state-of-the-

STRONGSVILLE, OH art cinema create a draw for the region’s families, OBERLIN, OH extending through two counties, who fulfill their AKRON, OH 10 MILES needs and wants on a daily basis.

Great Northern has it all.

Great Northern Mall North Olmsted, (Cleveland) Ohio • Enclosed single-level super-regional mall

• Located 13 miles southwest of downtown Cleveland

• Exceptionally large trade area

• Near affluent areas of Westlake, Avon, Lakewood, Bay Village, and Rocky River

Property Description

major roads I-480 and Highway 252 center description Enclosed, one-level center

total sf 1,200,000 anchors Macy’s, Dillard’s, JCPenney, Sears, and Dick’s Sporting Goods # of stores 120 key tenants Disney Store, H&M, Justice, Pandora, The Rail, # of parking 5,300 Forever 21, Victoria’s Secret, Pink, New York & Company, BJ’s Restaurant, and a 10-screen Regal Cinemas

THE CENTER THE MARKET STARWOOD Great Northern Mall “Whether you are looking for a new home, place of business or a fun day of shopping, entertainment and a great meal, you will find our community has a lot to offer.” — North Olmsted Mayor Kevin Kennedy

THE CENTER THE MARKET STARWOOD Great Northern Mall • At Interstate 480 and State Route 252

• 5 minutes from Cleveland Hopkins International Airport

• The region’s premier retail destination, with in-demand and unique-to-market specialty tenants

• Significant dining component

Area Mainstay, Yet All New Celebrating 40th anniversary as the Home to Cleveland’s only Disney retail core of Cleveland’s “West Side” store and area’s largest Forever 21 Serves western Cuyahoga, eastern Five sit-down restaurants and 13 Lorain counties express eateries Visible to 111,900 vehicles on Interstate Cleveland is the largest urban area in 480 and more than 37,000 vehicles on Ohio, with 2.8 million people in Cuyahoga adjacent roads and surrounding counties

THE CENTER THE MARKET STARWOOD Great Northern Mall “For a day of shopping, spend a day, or part of one, at least, at the Great Northern Mall. … There’s something of interest at the mall for just about

everyone.” — Cleveland.com • Part of a revitalizing Cleveland market

• Area employment based on health services, manufacturing, science, biotech, tourism

• Home to world-class higher education institutions

• Growing tourism potential

Educated Residents, Incoming Visitors Total trade area of 437,600 people with Near world-renowned Cleveland Clinic, 1 in 4 households earning $100,000+ with 5.9 million outpatient visits and 48,000 employees 2 in 3 trade area residents are college educated Cleveland attracted nearly 17 million tourists in 2014, up more than 4% year- Immediate trade area has 70,000+ over-year college students New convention center saw 70 percent Nearly 35,000 daytime employees within increase in room nights booked in 2014 3 miles, tripling to 110,000 within 5 miles

THE CENTER THE MARKET STARWOOD Great Northern Mall • Proactive township encouraging business growth Primary Trade Area and development Average Household Expenditures On Par with US • Diverse market of residents, students, tourists and $2,402 on food away from home office workers $1,714 on apparel $950 on personal care • Family-oriented community products and services $809 on sports and recreation • High-performing North Olmsted school district $599 on home furnishings

THE CENTER THE MARKET STARWOOD Great Northern Mall CLEVELAND 6 LAKEWOOD

Distance to Competition I-90 Avon Commons Avon Commons Crocker Park Westgate WESTLAKE Driving – 10 mi, 20 min AVON Crocker Park

Lorain Road Driving – 6 mi, 15 min 25,100 AADT SouthPark Mall Driving – 15 mi, 20 min

Great Northern Mall Westgate Shopping Center Driving – 5 mi, 14 min 83 NORTH OLMSTED CLEVELAND HOPKINS Brookpark Road INT’L AIRPORT 15,300 AADT

I-480 Great Northern Blvd I-71 20 111,900 AADT 22,400 AADT

42

I-80

MIDDLEBURG HEIGHTS

Legend Primary Trade Area

Secondary Trade Area

Competition

Access Roads 19.5 MILES STRONGSVILLE (AADT= annual average SouthPark Mall 3 MILES daily traffic)

THE CENTER THE MARKET STARWOOD Great Northern Mall Cleveland State University Area Attractions (Cleveland) Rock and Roll Hall of Fame and Museum 6 LAKEWOOD FirstEnergy Stadium I-90 (pro football) Progressive Field WESTLAKE MetroHealth Medical (pro baseball) Center & Hospital Quicken Loans Arena American Greetings (pro basketball) Creative Studios (HQ) I-71 Museum of Natural History Great Northern Mall Cleveland Clinic The Children’s Museum of Cleveland NORTH OLMSTED NASA Glenn GM Metal Fabrication Lorain County Moen Inc. (HQ) Research Center Community College PARMA Predominant Colleges CLEVELAND HOPKINS INT’LAIRPORT Cleveland State University Cuyahoga Community I-71 42 College Lorain County Community College Cuyahoga Community College MIDDLEBURG Combined enrollment: 52,300 HEIGHTS I-80

3 Legend Primary Trade Area

Secondary Trade Area

Colleges NORTH Key Employers ROYALTON 3 MILES

THE CENTER THE MARKET STARWOOD Great Northern Mall Demographics PTA1 STA2 TTA3 US Avg Population 2017 estimate 189,268 248,299 437,567 Cleveland ranked 7th among 2022 projection 190,614 250,284 440,898 Time Magazine’s Best Food % growth 2017–2022 0.7% 0.8% 0.8% 3.8% Cities in America 2015 Population White 87% 87% 87% 70% By Race Black 6% 6% 6% 13% Cleveland was most Asian 2% 3% 2% 6% undervalued market in Hispanic Ethnicity 7% 6% 7% 18% US in 2015 Median Age 42 42 42 38 — Trulia Chief Economist % age 15-24 12% 12% 12% 14% % age 25 to 44 24% 25% 25% 26% Cleveland Clinic on Honor Roll of US News’ annual “Best % age 45 to 64 28% 29% 29% 26% Hospitals”, with Sydell and Households 2017 estimate 79,492 105,130 184,622 Arnold Miller Family Heart & 2022 projection 80,385 106,723 187,108 Vascular Institute ranked 2017 households with kids under 18 29% 29% 29% 34% No. 1 for heart care for 21 Average 2017 estimate $69,682 $84,224 $77,963 $80,853 Household years running % earning $75,000+ 35% 40% 38% 38% Income 2022 projection $74,388 $89,547 $83,034 $87,464 Education % college educated 58% 67% 63% 59%

1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 788 2,587 8,109 23,428 Employment daytime employment 11,383 33,750 109,832 310,411

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

THE CENTER THE MARKET STARWOOD Great Northern Mall Predominant Market Lifestyle Segments

Cautious Traditionalists—19% Conservative Classics—17% • Over 55 year-old mix of • Upper-middle-class age 55+ singles and couples • Childless singles and couples • High rate of home ownership • College-educated • Fans of reading, home-based • Enjoy comforts of home, hobbies and travel gardening, reading, and • Enjoy eating out at family entertaining restaurants • Frequent patrons to • Pursue entertainment outside museums, the theater, and the home casual-dining restaurants

Young Achievers & Midlife Success —11% Accumulators—12% • Singles & couples in their • Married, upper-middle class 30’s and 40’s families with children • Wealthiest of the Younger • Tech savvy singles and Years class couples • College-educated with • Mix of mid-career, six-figure incomes professional and managerial • Executive and professional jobs jobs • Enjoy the outdoors and • Fans of technology, financial entertainment activities products, and travel • Favor team sports and kid- friendly technology

THE CENTER THE MARKET STARWOOD Great Northern 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 The Arboretum of South Barrington Northlake Mall Chicago Ridge Mall Louis Joliet Mall Ohio Belden Village Mall The Promenade Bolingbrook / Director, Leasing / 440.668.3665 / Franklin Park Mall 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 The Shops at Willow Bend [email protected] Blue Back Square Michigan 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 04/22/17 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com

THE CENTER THE MARKET STARWOOD Great Northern Mall