directory A GOLDEN OPPORTUNITY

It is with great pleasure I welcome you to the ICSC 2012 Conference being held in San Juan, .

We come from a fantastic region, unique in the world. We are united by a common history, a vibrant present and a bright and promising future. From the Gulf of Mexico, through Central America to the northern area of South America; continuing on our journey, the region is interlaced with heavenly islands which, like pearls emanating from the sea, make up an extraordinary gem, famous in the world for its wealth in cultural diversity.

This is Puerto Rico, this is the Caribbean Conference, where there is no other conference like it. Where we are going to feel at home and have the golden opportunity to meet with industry professionals of the most important shopping centers in this region, to network, share experiences, projects and visualize together our future.

We look forward to another successful conference this year with great speakers, informative sessions and hope that you also take advantage of meeting, networking and doing deals with this years’ exhibitors at the Trade Exhibition.

We are excited that you can join us and hope to meet you during the conference.

Alfredo Cohen ICSC Trustee, 2012 Caribbean Conference Program Planning Committee Chair Director Constructora Sambil Caracas, Venezuela

Sponsors GOLD

SILVER

1 January 23–25, 2012 • Puerto Rico Convention Center • San Juan, Puerto Rico

MONday, January 23, 2012 2:30 - 3:00 pm Economic Overview of the 8:00 am – 7:00 pm Caribbean Region Registration ballroom b ballroom foyer Global economic recovery is underway, with momentum gradually spilling over to the Caribbean region. The financial crisis adversely affected the Caribbean economies, leading to 9:00 am – 12:30 pm declining output through a contraction in tourism, financial and Shopping Center Tour business services and goods exports, and a deterioration in (Separate registration fee required. See page 6 for tour details.) government finances. Now, signs of revival in economic activity in the Caribbean are emerging. Nevertheless, while the recovery continues to move forward, growth globally is moving to a Master of ceremonies: Desirée Lowry weaker, rather than a stronger performance profile, thereby limiting Caribbean long-term economic prospects. Desirée Lowry, former Miss Puerto Rico, TV host, radio presenter and owner of a model agency, has had a suc- edgardo Bigas Valladares cessful career as a model and business woman. In 2002 Executive Vice President she was recognized by El Nuevo Día as a distinguished Puerto Rico Chamber of Commerce woman and named by the Chamber of Commerce as San Juan, Puerto Rico business woman of the year.

3:00 – 3:30 pm 1:00 – 1:45 pm coffee Break Lunch Served ballroom foyer ballroom b (No lunch service after 1:45 pm.) 3:30 – 4:30 pm The Caribbean as an Attractive 1:45 – 2:00 pm opening and Welcome Remarks investment Destination ballroom b ballroom b Several factors and incentives exist in the Caribbean region Alfredo Cohen which makes it an attractive investment location. It has access ICSC Trustee, 2012 Caribbean Conference to the European, U.S. and CARICOM markets. The Caribbean Program Planning Committee Chair Director region is a natural commercial partner of Europe, U.S., Canada, Constructora Sambil Central and South America, linked closely together by geography, Caracas, Venezuela history and culture. Jorge Lizan The Caribbean region as a whole represents a market of Staff Vice President, Business Development approximately 23.5 million people. The region is the 3rd largest International Council of Shopping Centers, Inc. export market for U.S. manufactured goods in Latin America New York, NY behind Mexico and Brazil. Come listen to our panel of experts discuss why and how investment in this attractive destination is becoming more and more attractive. 2:00 – 2:30 pm Chair: industry Update omar Becerra, CSM ballroom b General Manager Michael P. Kercheval Fondo de Valores Inmobiliarios President & CEO Blue Mall International Council of Shopping Centers, Inc. Sint Maarten, Netherlands Antilles New York, NY Panelists: Franklin Lithgow Strategic Projects Manager Export & Investment Center of the (CEI-RD) Santo Domingo, Dominican Republic Federico Sánchez President Interlink San Juan, Puerto Rico

2 January 23–25, 2012 • Puerto Rico Convention Center • San Juan, Puerto Rico

4:30 – 5:15 pm Tuesday, January 24, 2012 Social and Emerging Media ballroom b 8:00 am – 7:00 pm This panel will discuss strategies, tips and trends in the retail Registration social and emerging media platforms. A few of the different ballroom foyer formats of social media that will be discussed are Mobile Markets, Apps, QR Codes, Facebook, Google+, LinkedIn and Twitter. 9:00 – 10:00 am Don’t miss this opportunity to learn more about social and Shopping Center Investment emerging media and how it can benefit you and your company. prospects in the Caribbean and Chair: Latin America Kari Coughlon Senior Account Director & Strategist ballroom b Cohn Marketing The development of the Latin American and Caribbean markets Denver, CO is encouraging companies to invest in the services sector (tourism, real estate and infrastructure). Increasing numbers of Panelists: companies are able and willing to invest in construction projects iris Ayala in this region. Leading developers will provide an overview of Marketing Director what they are doing in the Caribbean and Latin America and the Plaza Las Americas valuable opportunities that investing in this region can provide. San Juan, Puerto Rico Chair: Alfredo Cohen Martha Hermilla ICSC Trustee, 2012 Caribbean Conference Senior Director of Marketing Program Planning Committee Chair DDR Corp. Director Bayamon, Puerto Rico Constructora Sambil Caracas, Venezuela tomás Núñez-López Panelists: Direct & Interactive Marketing Director elliott Bross Grey/G2 San Juan, Puerto Rico CEO Constructora Planigrupo, S.A. Mexico, D.F.

5:30 – 7:00 pm Gordon Charles cocktail Reception CEO puerto rico convention center terrace The J.Q. Charles Group of Companies Choc Estate, St. Lucia Hosted by: Michele de Prisco General Manager Allard Industries, Ltd. Santo Domingo, Dominican Republic

Ralf Friessner General Manager San Juan Shopping Center Punta Cana, Dominican Republic rossy Santana Executive Director Galería 360 Santo Domingo, Dominican Republic

3 January 23–25, 2012 • Puerto Rico Convention Center • San Juan, Puerto Rico

10:00 – 10:45 am Panelists: neil Cárdenas retail and Tourism Regional Manager ballroom b Collective Brands, Inc. What is the impact of retail and tourism in shopping centers? Missouri City, TX Top developers from the Caribbean, marketers and leasing José P. Macia executives discuss the importance of tourism in their business Director of Business Expansion plans and the kinds of retailers, restaurants and attractions they TENNIS S.A. need in order to draw tourists. Medellin, Colombia moderator: Jorge Lizan Olga Mundo Staff Vice President, Business Development Vice President International Council of Shopping Centers, Inc. Property Concepts Commercial New York, NY Cushman & Wakefield Alliance Member San Juan, Puerto Rico Panelists: Julio Beltrán roberto Noguera General Manager President Caribe Plaza Totto Colombia Cartagena, Colombia San Juan, Puerto Rico

carlos Figueroa Kelvyn L. Nuñez Corporate Director Marketing & Customer Service Chief Executive Officer Grupo Roble EGO Vanity Shoes San Salvador, El Salvador Santo Domingo, Dominican Republic

12:00 noon – 12:30 pm 10:45 – 11:15 am coffee Break networking Break ballroom foyer ballroom foyer 12:30 – 1:15 pm 11:15 am – 12:00 noon Lunch Served puerto Rico as an Attractive ballroom b Destination for New Retail (No lunch service after 1:15 pm.) Opportunities ballroom b 1:15 – 1:45 pm Puerto Rico once was the most affluent and sought after development Perspectives in the communication and trade port in the Americas, hence the name Puerto Rico, meaning “Rich Port”. This island continues to have Caribbean a strategic and privileged position in terms of trade, commerce, ballroom b industrial and retail opportunities. This territory of the United The CEO of one of the leading development companies in States often becomes the first step for new retail concepts the real estate industry will discuss the opportunities for before said concepts make inroads in the U.S. mainland. In this development in Puerto Rico and why his company decided to insightful discussion we will hear the new trends in retail and invest there despite the crisis. Mr. Taubman will also present their experiences, by both merchants and landlords. This what industry trends he sees around the region. discussion will provide stories of their expansions, challenges and other opportunities that have risen. William S. Taubman ICSC Past Chairman & Trustee Chair: Chief Operating Officer Arnaldo Oliveras-Fernández Taubman Centers, Inc. 2012 Caribbean Conference Program Planning Bloomfield Hills, MI Committee Co-Chair President Space Mart Retail and Real Estate Solutions San Juan, Puerto Rico

4 January 23–25, 2012 • Puerto Rico Convention Center • San Juan, Puerto Rico

1:45 – 2:30 pm WEDNEsday, January 25, 2012 retailers Expansion Trends in the Caribbean 8:00 am – 1:00 pm ballroom b Registration This panel will provide information about the growth of the ballroom foyer retail industry in the Caribbean and how Caribbean retailers are expanding or looking to expand in the region and abroad. The panelists will address the strategies, trends, opportunities and 9:00 am – 1:00 pm challenges they found for growing in the retail sector. trade Exhibition Chair: ballroom a donn Carr President/Principal Carr Management Group Orlando, FL

Panelists: Gordon Charles CEO The J.Q. Charles Group of Companies HOSTED AT Choc Estate, St. Lucia James de Winter Director of Real Estate – Caribbean CB Richard Ellis Latin America & the Caribbean New York, NY SUPPORTING ASSOCIATIONS Paul Shames President Rooms to Go, Inc. Toa Baja, Puerto Rico

2:00 – 7:00 pm trade Exhibition ballroom a

2:30 – 2:45 pm closing Remarks MEDIA PARTNERS ballroom b Francis X. Gonzalez 2012 Caribbean Conference Program Planning Committee Co-Chair Vice President of Property Management Puerto Rico DDR Corp. San Juan, Puerto Rico Arnaldo Oliveras-Fernández 2012 Caribbean Conference Program Planning Committee Co-Chair President Space Mart Retail and Real Estate Solutions San Juan, Puerto Rico

5:30 – 7:00 pm Member-Hosted Reception at trade Exhibition ballroom a

5 January 23–25, 2012 • Puerto Rico Convention Center • San Juan, Puerto Rico

Monday, January 23, 2012 10:30 am departure from Plaza Las Americas Shopping Center Tour 11:00 am View shopping centers and meet with their management teams. Discover innovative architecture and design concepts. Meet and Arrive at Plaza del Sol share experiences with colleagues from around the world. Get Plaza del Sol immersed in the shopping center industry in Puerto Rico. Plaza del Sol is a 675,594 square foot enclosed regional mall Who Should Attend? located in the city of Bayamon, an inner suburb of San Juan. Plaza Property Owners, Development Officers, Asset Managers, and del Sol is the dominant shopping destination in a retail hub that others of related disciplines; Investors; Marketing Directors; also includes Plaza Rio Hondo, Santa Rosa Mall, Plaza del Parque, Shopping Center Managers; Sales and Leasing Agents; Retailers; El Canton Mall, San Patricio Plaza and Bayamon Oeste Mall all Architects and Designers within five miles of Plaza del Sol. Plaza del Sol is anchored by Bed Bath & Beyond, Caribbean Cinemas, Home Depot and Wal-Mart. 8:00 – 8:30 am The tenant mix within the mall is strategically balanced between the strongest national, regional and local retailers, including Aldo, registration for Tour of Ann Taylor Loft, Bakers, American Eagle, Champs Sports, The Shopping Centers Children’s Place, Ecko Unlimited, Foot Locker, Gap, Gran Via, Hot lobby of the puerto rico convention center Topic, Journeys, Kress/Kress Kids, Limited Too, Marianne, Pacific Sunwear, SGH, Tous Jewelers and Van Heusen. This balanced tenant mix coupled with Plaza del Sol’s terrific location enables 8:30 am the center to generate extremely strong sales results. Within five departure to Plaza Las Americas miles of the shopping center, over 466,000 people reside with an average household income in excess of $49,000. Plaza del Sol 9:00 am opened in 1998 and is located at the intersection of PR 167 and PR 29 and is less than one mile south of Plaza Río Hondo, a 538,442 Arrive at Plaza Las Americas square foot enclosed mall, which is also owned by DDR Corp. Plaza Las Americas Plaza Las Americas is a three story, four anchor and 300 store regional mall. It is located in Hato Rey in San Juan, Puerto Rico and it opened on April 12, 1968. It is owned by Empresas Fonalledas. The total retail floor area is 2,173 million square feet. It has approximately 11,000 parking spaces. Located at the intersection of Routes 18 and 23. It is near the Roberto Clemente Coliseum, the Hiram Bithorn Stadium, and the WKAQ-TV’s studios. “Plaza”, as it is known to many Puerto Ricans, was the first indoor mall built in Puerto Rico. It is the largest shopping mall in the Caribbean and the third largest in Latin America. Some notable attributes of Plaza Las Americas are that the RadioShack store is 12:00 noon the busiest and highest grossing RadioShack store in the world. departure from Plaza del Sol The Puma store in Plaza is the busiest and highest grossing Puma store in the world. The largest JC Penney store in the world (a full four stories) is located at the mall. The largest Big K-Mart store in 12:30 pm the Caribbean is located at the mall. The first Macy’s store to open return to Puerto Rico outside of North America is located at the mall. The mall produces approximately 8,000 local jobs and has a local economic impact of convention Center approximately $268 million. The highest grossing Borders & Music store is located in the mall. The first Abercrombie & Fitch store to open in Latin America is located in the mall. The Sephora and Forever 21 stores located in the mall were the first stores that each chain opened in Latin America.

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January 23–25, 2012 • Puerto Rico Convention Center • San Juan, Puerto Rico

ICSC 2012 Caribbean Conference Program Planning Committee

Chair Co-Chairs Alfredo Cohen Francis Xavier Arnaldo Oliveras- Director Gonzalez Fernández Constructora Sambil Vice President President Caracas, Venezuela Property Management - Space Mart Retail Puerto Rico and Real Estate Solutions DDR Corp. San Juan, Puerto Rico San Juan, Puerto Rico

Members

Mildred Báez Mario Barrundia Omar Becerra Leasing Manager General Manager General Manager Centros del Caribe S.A. Acropolis Tower & Plaza Fondo de Valores Santo Domingo, Santo Domingo, Inmobiliarios Dominican Republic Dominican Republic Sint Maarten, Netherlands Antilles

Mario Castro F., Jorge Fournier SCSM, SCMD, SCDP, Executive Vice President SCLS Commercial Centers President Management Shopping Centers San Juan, Puerto Rico Solutions & Management SCSM, S.A. Caracas, Venezuela

Sr. Richard A. Luckert Jesús Ramos Michele de Prisco Founder Menéndez General Manager Palapa Marina Vice President Allard Industries, Ltd. Curacao, Grupo Ramos, S.A. Santo Domingo, Netherlands Antilles Santo Domingo, Dominican Republic Dominican Republic

Not Pictured

Ralf Friessner Alejandro Nazario Sr. Juan Carlos Pérez General Manager Aireko Enterprises Celso Pérez San Juan Shopping Center San Juan, Puerto Rico Santo Domingo, Santo Domingo, Dominican Republic Dominican Republic

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January 23–25, 2012 • Puerto Rico Convention Center • San Juan, Puerto Rico

Floor Plan

10 January 23–25, 2012 • Puerto Rico Convention Center • San Juan, Puerto Rico

Exhibitors (As of 12/12/11) Commercial Centers Management Firehouse Restaurant Group, Inc. P.O. Box 362983 3400 Kori Road Plaza Guayama San Juan, PR, 00936-2983 Jacksonville, FL, 32257 PR # 3 KM 134.7 Phone: +1 787-622-9600 Phone: +1 904-886-8300 Guayama, PR, 00784 Fax: +1 787-277-9601 Fax: +1 904-886-2111 Phone: +1 787-864-8010 Contact: Aracelis Cintron Contact: Kristen Alberre Akel Fax: +1 787-864-8011 Booth: 215 Web: www.firehousesubs.com Contact: Rosa Martinez Booth: 212 Web: www.plazaguayama.com Constructora Sambil, CA Booth: 510 Avenida Francisco de Miranda, Five Development Corp. Plaza Guayama is the leading mall in the Centro Lido, Piso 7 P.O. Box 190525 region anchored by Big Kmart, Sears, Caracas San Juan, PR, 00919 Marshalls, Supermercados Selectos and Venezuela Phone: +1 787-791-6032 Caribbean Cinemas. Phone: +58 212 957 7822 Fax: +1 787-791-4552 Fax: +58 212 953 3436 Contact: Leon Winer Plaza Juana Diaz, Inc. Contact: Carolina Bello Booth: 506 Collegeville, 2004 Aberdeen Street Booth: 309 Guaynabo, PR, 00969-4725 Kimco Realty Corporation Contact: Rafael Rivera CVS/Pharmacy 3333 New Hyde Park Road Booth: 204 One Berry Drive New Hyde Park, NY, 10042-0020 Lumberton, NJ, 08048 Phone: +1 516-869-9000 Property Concepts Phone: +1 609-518-5704 Fax: +1 516-869-9001 P.O. Box 360831 Fax: +1 609-215-5749 Contact: Diane Dagostinello San Juan, PR, 00936-0831 Contact: Carol Olsen Web: www.kimcorealty.com Phone: +1 787-977-7373 Web: www.cvs.com Booth: 315 Fax: +1 787-977-8186 Booth: 211 Contact: Sonia Hernandez Langan Engineering and Web: www.propertyconceptscommercial.com DDR Corp. Environmental Services Booth: 514 3300 Enterprise Parkway River Drive Center 1 Beachwood, OH, 44122 Elmwood Park, NJ, 07407-1338 Space Mart Real Estate Corp. Phone: +1 216-755-5500 Phone: +1 201-794-6900 Plaza Caparra, Suite 210-A Fax: +1 216-755-1500 Fax: +1 201-794-7501 Guaynabo, PR, 00968 Contact: DDR Corp. Contact: Debbie Iurato Phone: +1 787-635-5339 Web: www.ddr.com Web: www.langan.com Contact: Arnaldo Oliveras-Fernández Booth: 304 Booth: 213 Web: www.spacemartsolutions.com DDR Corp., the largest shopping center Langan provides full land development Booth: 504 landlord in Puerto Rico, owns and manages engineering services as well as facility We specialize in the following services: a dynamic international portfolio of value- management information systems from our Leasing, Tenant Representation and oriented shopping centers. offices located in New Jersey, Pennsylvania, Brokerage, Lease Administration, Property Connecticut, New York, and Florida. Management, Account Receivables Duro-Last Roofing, Inc. Management, Consulting Services and 525 Morley Drive Panda Restaurant Group, Inc. Marketing Strategies Development. Saginaw, MI, 48601 1683 Walnut Grove Avenue Phone: +1 800-356-6646 Rosemead, CA, 91770-3711 The Sembler Company Fax: +1 800-566-2698 Phone: +1 626-799-9898 5858 Central Avenue Contact: Lucy Bauer Fax: +1 626-927-9888 Saint Petersburg, FL, 33707 Web: www.duro-last.com Contact: Stephanie Verdugo Phone: +1 727-384-6000 Booth: 217 Web: www.pandaexpress.com Fax: +1 727-343-4272 Duro-Last® Roofing, Inc. is a national Booth: 206 Contact: Dawn Ladd roofing manufacturer which produces a Panda Restaurant Group is a leader in Web: www.sembler.com prefabricated, reinforced thermoplastic quality Chinese foodservice, one of the Booth: 518 single-ply roofing system for commercial largest family-owned businesses, operating The Sembler Company is celebrating 50 years and industrial (flat, low-sloped, new or metal Panda Express, Panda Inn, and Hibachi of creating retail value and is a leader in shop- retrofit) applications. The Duro-Last roofing San, with over 1,350 Panda units and ping center development, management and system is energy-efficient, leak-proof, and 9,000 employees. Panda Express currently leasing in the Southeastern U.S. and Puerto virtually maintenance-free. Duro-Last is operates in 39 states, Puerto Rico, and Rico. In addition to development and prop- proud to be a charter partner in the EPA’s Japan. erty management, our third party commercial ENERGY STAR® Roof Products Program. retail services include leasing and fee develop- ment, receivership, acquisitions, dispositions and asset management. Meet with one of our team experts to learn how The Sembler 11 Company can enhance your assets. January 23–25, 2012 • Puerto Rico Convention Center • San Juan, Puerto Rico

Exhibitors (As of 12/12/11)

Tropigas de P.R. Walgreen Co. WLS Lighting Systems P.O. Box 70205 106 Wilmot Road, 4th Floor 1919 Windsor Place San Juan, PR, 00936-8205 Deerfield, IL, 60015-4681 Fort Worth, TX, 76110 Phone: +1 786-641-8002 Phone: +1 847-315-4591 Phone: +1 817-840-9331 Fax: +1 787-780-2801 Fax: +1 847-368-6646 Fax:+1 817-725-4824 Contact: Gabriel Maldonado Contact: Bonnie Schuett Contact: Andrew Bauman Booth: 209 Web: www.walgreens.com Web: www.wlslighting.com/products.less.htm Booth: 516 Booth: 205 Vornado Realty Trust Walgreens serves 4.4 million customers daily The Energy Services Group of WLS is 888 Seventh Avenue, 44th Floor and averages $8.3 million in annual sales per focused on staying up to-date on new New York, NY, 10019 store. Sales in 2005 reached $42.2 billion, energy efficient lighting technologies, incen- Phone: +1 212-894-7400 generated by 4,953 stores in 45 states and tives and rebates available, and the devel- Fax: +1 212-894-7474 Puerto Rico. opment of a custom application for these Contact: Idalia Morales technologies. We cater excellent customer Booth: 303 service thru the completion of every project ensuring the customers complete satisfac- tion not only when they see the light but also the savings. The Energy Services Group of WLS will offer you the brightest solution! January 23–25, 2012 • Puerto Rico Convention Center • San Juan, Puerto Rico

ICSC Caribbean Conference Gold Sponsors

c onstructora Sambil Kimco Realty Corporation Constructora Sambil was founded in Caracas, Venezuela, in Kimco Realty Corporation, a real estate investment trust 1958 by Salomon Cohen Engineer and since this moment (REIT), owns and operates North America’s largest portfolio of has designed and developed residential and office build- neighborhood and community shopping centers. Kimco owns ings. In 1998 opened its first Shopping Center, Services interests in over 900 shopping centers comprising more than and Entertainment: Sambil Caracas, which was followed by 130 million square feet of leasable space across 44 states, the Centers Sambil of Valencia, Margarita, Maracaibo, San Puerto Rico, Canada, Mexico and South America. Publicly Cristobal, Barquisimeto and Paraguaná. Currently under traded on the NYSE under the symbol KIM and included in construction Sambil Center Santo Domingo in the Dominican the S&P 500 Index, the company has specialized in shopping Republic and will soon be the same in Guaynabo, Puerto center acquisitions, development and management for 50 Rico. Also operates successfully in Venezuela, a chain of ho- years. For further information, visit the company’s web site at tels, Lidotel Hotel Boutique. www.kimcorealty.com.

ddr Corp. Vornado Realty Trust DDR owns and manages approximately 590 retail operating Vornado Realty Trust is a fully integrated real estate invest- and development properties in 41 states, Brazil, Canada and ment trust (REIT). Vornado is one of the largest owners and Puerto Rico. Totaling more than 134 million square feet, the managers of real estate in the United States with a portfolio company’s shopping center portfolio features open-air, value- over 100 million square feet in its major platforms, primarily oriented neighborhood and community centers, mixed-use located in the New York and Washington, DC metro areas. centers and lifestyle centers located in prime markets with The company’s four major platforms include: New York stable populations and high-growth potential. DDR is the City Office; Washington, DC Office; Retail Properties and largest landlord in Puerto Rico and owns a premier portfolio Merchandise Mart. New York Office: 28 office properties of regional malls in and around Sao Paulo, Brazil. DDR is a aggregating 16.0 million square feet, primarily located in mid- self-administered and self-managed REIT operating as a fully town Manhattan. Washington, DC Office: 83 office properties integrated real estate company. Additional information about and one hotel aggregating 17.6 million square feet, located the company is available on the Internet at www.ddr.com. in Washington, DC and northern Virginia. Retail Properties: 177 retail properties in 21 states, Washington, DC and Puerto Rico aggregating approximately 21.9 million square feet. Merchandise Mart: Merchandise Mart includes 9.1 million square feet in 9 Mart buildings including the 3.4 million square foot Merchandise Mart in Chicago.

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