BURNS COMMERCIAL PROPERTIES 2017 RETAIL MARKET SURVEY TYLER, TEXAS

The Retail Market Survey compiled by Burns Commercial Properties reveals that the retail sector continues to be the strongest sector of the Tyler commercial real estate market.

The seventy four properties surveyed (up from sixty eight last year) currently report an occupancy rate of eighty seven percent, almost identical to the eighty seven and one half percent level in last year’s survey.

The average asking rate for leases stands at $17.88 per square foot per year, an increase from the $16.83 rate calculated in the 2016 report.

The total amount of retail space represented by the participating properties is 3,385,009 square feet, an increase of 105,192 square feet. The amount of vacant space stands at 445,421 square feet, up from 407,081 square feet. The total absorption of space during the year was 66,852 square feet.

The problems existing nationwide which major retailers are struggling with concerns the increased tendency of shoppers to purchase goods online rather than in stores. A number of major chains have been closing stores due to a downturn in sales. Thus far, Tyler has experienced the closing of the Macy’s Department store and Gordmans. Another negative occurrence in the local market has been the recent closing of several restaurants, some of which occurred after the data for this report had been obtained. This trend could become more pronounced in Tyler during the current year as the retail sales taxes collected by the City of Tyler decreased in calendar year 2016.

Because of the impact of online shopping, plus the large amount of retail space constructed in the past three years, it is likely that additional large retail centers will not be considered prudent by developers and lenders.

Forty of the centers surveyed reported occupancy rates of ninety percent or higher. The bulk of the properties which reported a large percentage of vacant spaces are either older properties or newly constructed centers which are still in the lease up stage.

This survey does not include Broadway Square Mall or single tenant free standing properties.

Thanks to the owners and Property Managers who provided the data necessary to complete this report, and to Rebecca Hitt of the Burns Commercial Properties staff for compiling it.

Taylor Burns 2017 Retail Market Survey Presented by Burns Commercial Properties Tyler, TX - Spring 2017

Largest Current Current Available Property Owner Contact Year Built Total Size Occupancy Vacant Quoted Rent NNN Charges Sapce Anchor Tenants

Matthew Marshall Alexander Plaza Southern Classic Drake Real Estate & Investments 2016 6,500 SF 100% 0 SF $35.00 /SF $6.00 /SF 0 Taziki's, America's Best 6710 S. Broadway Ave. Holdings, LLC (903) 581-3737

Martin Heines Beckham/Fifth Street Briarwood Group, Real Estate Services 1965 90,000 SF 100% 0 SF $10.00 /SF $1.25 /SF 0 Big Lots, ETMC E. Fifth Street LTD (903) 593-2367

Martin Heines Beckham/Fifth Street Pollard-Heines Real Estate Services 1994 7,000 SF 100% 0 SF $14.00 /SF $4.00 /SF 0 Jersey Mike's, The Catch, Amelia's Sweetery SE Corner (903) 593-2367

Martin Heines Beckham/Fifth Street Pollard-Heines Real Estate Services 1965 32,500 SF 90% 3,400 SF $10.00 /SF $1.20 /SF 1,250 Miscellaneous small retail SW Corner (903) 593-2367

Julius Bergfeld Bergfeld Center Bergfeld $10.00 - Brookshire's, Luby's, CVS Pharmacy, The Bergfeld Realty 1948 157,717 SF 95% 7,100 SF /SF Gross Rent /SF 4,728 Broadway @ Eighth St. Center, LP $16.00 Egg & I (903) 592-1032

David Adams P.D. Capital Broadway Center The Woodmont Company Broadway Center 1963 60,000 SF 87% 8,000 SF $15.00 /SF $3.15 /SF 4,448 Steinmart, Dollar Tree 2125 S. Broadway (817) 732-4000 Tyler, LLC

Art Mullan Broadway Crossing Broadway Crossing, Drug Emporium, Marshall's, Best Buy, Signature Management 1992 135,151 SF 100% 0 SF $20.00 /SF $3.60 /SF 0 5600 S. Broadway LTD Petsmart, Shoe Carnival (903)526-0880

Matthew Marshall Broadway Hills Plaza $22.00 - Pizza Hut, Complete Business Systems, CHB Interests, LLC Drake Real Estate & Investments 2009 10,075 SF 100% 0 SF /SF $6.00 /SF 0 7925 S. Broadway $24.00 Edible Arrangements, Sprint (903) 581-3737

Andy Crosland Broadway Market Center $28.00 - Ross Dress For Less, Avenue, Jason's Deli, Dunhill Partners Dunhill Partners 2001 94,000 SF 100% 0 SF /SF $4.77 /SF 0 4901-4949 Broadway Ave $34.00 Starbucks, Stage, Eyeglass World (956) 631-2651

Mark Whatley Brookside Village The Genecov Group, Burns Commercial Properties 1983 38,092 SF 92% 3,195 SF $12.00 /SF $3.43 /SF 1,988 Chili's, 360 Fitness 531 WSW Loop 323 Inc (903) 534-1200 2017 Retail Market Survey Presented by Burns Commercial Properties Tyler, TX - Spring 2017

Largest Current Current Available Property Owner Contact Year Built Total Size Occupancy Vacant Quoted Rent NNN Charges Sapce Anchor Tenants

Matthew Marshall Corner @ Chapel Hill, The Forster & Giles Drake Real Estate & Investments 2005 8,684 SF 30% 6,100 SF $13.00 /SF $2.00 /SF 6,100 Subway, Farmers Insurance 11980 Hwy 64 E. Investments (903) 581-3737

Matthew Marshall Epperson Plaza Patricia Potts Drake Real Estate & Investments 1978 12,845 SF 40% 7,676 SF $16.00 /SF $3.00 /SF 7,676 Broadway Dental, T-Mobile 5625 S. Broadway (903) 581-3737

Fernando Martinez Glenn Eikner Fifth & Fleishel Payless Shoes, Jackson Hewitt Tax Service, & Burns Commercial Properties 1960 22,289 SF 100% 0 SF $10.00 /SF $2.51 /SF 0 E. Fifth St./Fleishel Roast Chicken Social Kitchen Jose Martinez (903) 534-1200

Fountains at Chimney Rock Mark Whatley 5730 Old Bullard Rd KPE Investments, LLC Burns Commercial Properties 2011 31,007 SF 100% 0 SF $26.00 /SF $7.33 /SF 0 Panera Bread, Jos A Bank, Michael's (Cover Photo) (903) 534-1200

Bridgett Mauritzen French Quarter Lasaters French Pier One Imports, Boot Barn, Jared's Property Manager 1976 141,220 SF 89% 16,000 SF Negotiable /SF $4.40 /SF 12,000 S. Broadway/Loop 323 Quarter Jewelers (903) 561-6644

Glenn Eikner/Aaron Uncapher Front & Beckham The Genecov Group, $6.00 - Burns Commercial Properties 1956 65,691 SF 76% 15,674 SF /SF $1.27 /SF 9,780 Family Dollar, Ladies Time, Rent-A-Center Beckham/E. Front St. Inc $8.00 (903) 534-1200

Mark Whatley Gateway Plaza The Genecov Group, Burns Commercial Properties 1999 49,675 SF 100% 0 SF $16.00 /SF $3.53 /SF 0 Office Max, Racquet & Jog 5361-5403 S. Broadway Inc (903) 534-1200

Mark Whatley Gateway Towers The Genecov Group, UPS Store, Social Security Office, Pottery Burns Commercial Properties 2009 10,494 SF 100% 0 SF $14.00 /SF $3.97 /SF 0 5380 Old Bullard Rd Inc Café (903) 534-1200

Glenn Eikner/Blair Swaim Green Acres Shopping Center The Genecov Group, $8.50 - Cardiovascular Associates of East Texas, Burns Commercial Properties 1950 159,892 SF 84% 25,464 SF /SF $2.23 /SF 6,604 1700 - 1880 Troup Hwy Inc $10.00 Dollar General, Sherwin Williams, Katie's (903) 534-1200

Don Simmons Heritage Retail Center 301 W. Heritage, LLC Simmons Real Estate 2008 11,483 SF 100% 0 SF $16.00 /SF $4.50 /SF 0 Salon Boutique 301 W Heritage Dr. (903) 581-5858 2017 Retail Market Survey Presented by Burns Commercial Properties Tyler, TX - Spring 2017

Largest Current Current Available Property Owner Contact Year Built Total Size Occupancy Vacant Quoted Rent NNN Charges Sapce Anchor Tenants

Greg Caton Highland Village Card & Party, Dollar Tree, Anytime Fitness, C.G. Investments Caton Property Group 2000 46,650 SF 100% 0 SF $12.00 /SF $1.89 /SF 0 3826 Troup Hwy Renal Care Group (903) 939-9849

Marc Ivy Kinsey Crossing Rounder's Pizza, Dunkin Donuts/Baskin One Tyler, LLC Bridgewater Realty Group 2014 24,090 SF 88% 3,000 SF $22.50 /SF $5.00 /SF 3,000 1400 WSW Loop 323 Robbins (903) 881-3171

Matthew Marshall KNB - Gresham Center Kilgore National Drake Real Estate & Investments 2006 8,000 SF 25% 6,000 SF $12.00 /SF $3.50 /SF 6,000 Donut Palace 16637 Old Jacksonville Hwy Bank (903) 581-3737

La Piazza Hooper Tyler Robert Means 2008 33,250 SF 76% 8,000 SF $22.00 /SF $6.25 /SF 8,000 Harley's, Bridgette's, Dakota's Steak House 4815 Old Bullard Rd. Properties (903) 594-8880

Glenn Eikner/Aaron Uncapher Lincoln Plaza The Genecov Group, Burns Commercial Properties 1970 33,723 SF 100% 0 SF $10.00 /SF $1.99 /SF 0 UT Health Science Center 2215 - 2235 W. Gentry Inc (903) 534-1200

Glenn Eikner/Aaron Uncapher Lone Star Center The Genecov Group, Burns Commercial Properties 1960 25,537 SF 68% 8,248 SF $8.50 /SF $1.83 /SF 4,197 Tyler Fung Fu 2500 Block, E. Fifth St. Inc (903) 534-1200

Dan Spivey Loop East Center Roosth Properties Roosth Properties 1968 79,089 SF 72% 21,928 SF $10.00 /SF $2.00 /SF 9,913 Brookshire's Loop 323/E. Fifth St. (903) 593-8333

Mark Whatley Macy's Plaza The Genecov Group, Burns Commercial Properties 1982 30,784 SF 81% 5,799 SF $15.00 /SF $4.13 /SF 3,513 Dressin' Gaudy, SAS Shoes, Cookie Bouquet 4700 S. Broadway Inc (903) 534-1200

Mark Whatley Macy's II The Genecov Group, Burns Commercial Properties 1978 63,613 SF 100% 0 SF $11.00 /SF $3.23 /SF 0 Natural Grocers, Ashley Furniture 4820 S. Broadway Inc (903) 534-1200

Matthew Marshall Market, The Mehling Family $16.00 - Drake Real Estate & Investments 2013 16,900 SF 71% 4,900 SF /SF $5.25 /SF 3,101 ETMC, Yoga Spot, Moss 2210 Three Lakes Parkway Partnership $24.00 (903) 581-3737 2017 Retail Market Survey Presented by Burns Commercial Properties Tyler, TX - Spring 2017

Largest Current Current Available Property Owner Contact Year Built Total Size Occupancy Vacant Quoted Rent NNN Charges Sapce Anchor Tenants

Dan Spivey Midway Plaza Roosth Properties Roosth Properties 2010 12,575 SF 84% 2,061 SF $23.00 /SF $4.84 /SF 2,061 Wing Stop, TCBY, Subway 7484 S. Broadway (903) 593-8333

Matthew Marshall Newk's Center Albriton Properties, Drake Real Estate & Investments 2008 11,510 SF 66% 3,856 SF $14.00 /SF $5.00 /SF 3,856 Newk's 3985 Old Jacksonville Hwy LLC (903) 581-3737

Greg Caton Oak Hills Plaza $22.00 - Recarr Caton Property Group 2015 10,000 SF 60% 4,000 SF /SF $5.00 /SF 10,000 Little Caeser's, Tea to Go, Nail Salon 2251 Three Lakes Parkway $25.00 (903) 939-9849

Rob Adams (573) 268-9928 Gray's Home Fashion Gallery, Style Salon, Off Broadway I $10.00 - Rosebriar Greg Caton 1984 44,064 SF 53% 20,782 SF /SF $3.13 /SF 9,804 Healthy Smiles, Allstate Insurance, Seafood 2301 S. Broadway $12.00 (903) 939-9849 Shack

Russell Patterson Olde English Village Woodcrest Patterson Commercial Properties 1978 79,831 SF 64% 29,000 SF Negotiable /SF $2.75 /SF 5,000 Mattress Store, Wok Box, RDA Promart 3400 S. Broadway (903) 597-1801

Art Mullan Pavillion Center Reiff & Gievertz Signature Management 1994 30,670 SF 100% 0 SF $20.00 /SF $5.00 /SF 0 Barnes & Noble, CVS Pharmacy 4900 S. Broadway (903)526-0880

David Adams Pine Corners The Woodmont Company LNR Partners, LLC 2005 32,196 SF 79% 6,670 SF $18.00 /SF $4.68 /SF 2,744 Dollar Tree, Anytime Fitness 3825 Hwy 64 West (817) 732-4000

Art Mullan Pine Tree Shopping Center Pine Tree Signature Management 2004 19,160 SF 77% 4,400 SF $17.50 /SF $5.00 /SF 4,400 Catos, Gamestop, UPS Store, Payless Shoes Highway 64 West Association (903)526-0880

Greg Caton Point at the Ridge, The $22.00 - MBMWP, LLC Caton Property Group 2016 10,500 SF 100% 0 SF /SF $5.00 /SF 10,500 Great Clips, Clothes Mentor 7006 Highlands Lane $25.00 (903) 939-9849

Matthew Marshall Progress Center Progress Cleaners, I Love Kickboxing, Travis Pierce Drake Real Estate & Investments 2010 8,642 SF 100% 0 SF $15.00 /SF $4.50 /SF 0 5524 Old Jacksonville Hwy Statefarm Insurance, Donut Palace (903) 581-3737 2017 Retail Market Survey Presented by Burns Commercial Properties Tyler, TX - Spring 2017

Largest Current Current Available Property Owner Contact Year Built Total Size Occupancy Vacant Quoted Rent NNN Charges Sapce Anchor Tenants

Mark Whatley Regency Center Eltife Regency Susan Robinson Jewelry, Sharman's Sewing Burns Commercial Properties 1984 23,200 SF 100% 0 SF $10.00 /SF $4.37 /SF 0 6009 S. Broadway Center, LTD Center, Current's Restaurant (903) 534-1200

Greg Caton Ridge at Oak Hills, The Paloma Properties, El Charro's Restaurant, Katie's, Tyler Hot Caton Property Group 2012 13,934 SF 79% 2,954 SF $22.00 /SF $5.00 /SF 1,980 6899 Oak Hill Blvd. LLC Yoga (903) 939-9849

Dan Spivey Rose Plaza Dollar General, Advance Auto Parts, Safelite Roosth Properties Roosth Properties 1976 105,761 SF 68% 33,999 SF $12.00 /SF $1.81 /SF 24,178 4023 S. Broadway Auto Glass, Wally's Card & Party Factory (903) 593-8333

Matthew Marshall SEC Center SEC Investments Drake Real Estate & Investments 2010 4,800 SF 100% 0 SF $26.00 /SF 6.5 /SF 0 Salsarita's, Roost 3320 Troup Hwy (903) 581-3737

Sherwin Williams Tyler Broadway Matt Wilson 2017 7,242 SF 70% 2,140 SF $25.00 /SF $4.00 /SF 2,250 Sherwin Williams 6516 S. Broadway Grande LP (214) 572-8432 renovated

Russell Patterson Shiloh Crossing BESENG3, LLC Patterson Commercial Properties 2007 13,580 SF 89% 1,500 SF $16.00 /SF $4.62 /SF 1,500 Cato, Cash Store, Cellular City, Wash Smart 3101 Shiloh Rd. (903) 597-1801

Matthew Marshall Shoppes on Broadway Mattress Firm, Verizon, Scott Trade, Papa Tenants in Common Drake Real Estate & Investments 2005 13,500 SF 100% 0 SF $28.00 /SF $8.01 /SF 0 6900 S. Broadway Murphy's (903) 581-3737

Matthew Marshall Shops at Cumberland The Shops at $18.00 - The Diner, Marco's Pizza, Apple Vision, Drake Real Estate & Investments 2007 17,035 SF 86% 2,428 SF /SF $5.75 /SF 2,428 7924 S. Broadway Cumberland, LLC $20.00 Magic Nails, Progress Cleaners (903) 581-3737

Matthew Marshall Shops at Old Bullard Sake Sushi, Smallcakes, Tru Tan, Apricot Ken Dietz, Jr. Drake Real Estate & Investments 2006 14,040 SF 92% 1,170 SF $18.00 /SF $5.33 /SF 1,170 5825/5875 Old Bullard Rd. Lane, Writing Horse (903) 581-3737

Matthew Marshall Shops at Shiloh Rd., The Whataburger, Chase Bank, CEFCO Fuel C- BCTS Partners Drake Real Estate & Investments 2008 15,350 SF 94% 985 SF $18.00 /SF $4.75 /SF $985.00 5011 Troup Hwy Store, Shiloh Family Dental (903) 581-3737 2017 Retail Market Survey Presented by Burns Commercial Properties Tyler, TX - Spring 2017

Largest Current Current Available Property Owner Contact Year Built Total Size Occupancy Vacant Quoted Rent NNN Charges Sapce Anchor Tenants

Glenn Eikner Southeast Crossing Negem Investments, $12.00 - Burns Commercial Properties 1983 15,518 SF 74% 3,984 SF /SF $1.71 /SF 3,984 Rent-A-Center, Chelle Salon, State Farm 2310-2316 ESE Loop 323 LLC $15.00 (903) 534-1200

Bob Myers Southeast Crossing $8.00 - Portofino's Italian Restaurant, U.S. Post MC Tyler One, LP Myers Commercial 1984 57,610 SF 90% 6,000 SF /SF $3.50 /SF 2,277 3320 Troup Hwy $14.00 Office (214) 751-7550

Matthew Marshall Southern Classic Center Southern Classic Drake Real Estate & Investments 2014 4,401 SF 100% 0 SF $34.50 /SF $7.00 /SF 0 Cash Store, Mattress HQ 6721 S. Broadway Ave. Holdings, LLC (903) 581-3737

Glenn Eikner/Blair Swaim Southland Plaza West The Genecov Group, Papa John's, Schlotzsky's, Nova Medical Burns Commercial Properties 1965 22,085 SF 97% 598 SF $12.00 /SF $3.24 /SF 598 631, 701-755 S. Beckham Inc Centers (903) 534-1200

Walter Northcutt Southpark Center Tyler Southpark Beer Wells Real Estate Services - East 1983 91,777 SF 93% 6,000 SF $14.00 /SF $3.83 /SF 2,999 Wal-Mart, Bealls Department Store Loop 323/Troup Hwy Center, LP Texas (903) 753-2191

South Towne Center #1 Greg Caton 6421 S. Broadway Sword Waldie, LLC Caton Property Group 2015 17,066 SF 86% 2,390 SF $35.00 /SF $5.66 /SF 2,390 Grub Burger Bar (903) 939-9849

Greg Caton South Towne Center #2 Sword Waldie, LLC Caton Property Group 2015 4,800 SF 100% 0 SF $35.00 /SF $5.66 /SF 0 Salsarita's, Bahama Bucks 6611 S. Broadway (903) 939-9849

South Towne Center #3 Greg Caton 6611 S. Broadway Sword Waldie, LLC Caton Property Group 2016 2,167 SF 0% 2,167 SF $35.00 /SF $5.66 /SF 2,167 Pallio's Pizza (903) 939-9849

Mark Whatley Sunset Plaza The Genecov Group, Burns Commercial Properties 1992 108,454 SF 100% 0 SF $10.00 /SF $2.33 /SF 0 Hobby Lobby, Ivan Smith Furniture 1909 ESE Loop 323 Inc (903) 534-1200

Greg Caton Swann's Plaza OKBA Enterprises Caton Property Group 2015 24,000 SF 54% 11,000 SF $20.00 /SF $5.00 /SF 19,000 Swann's Furniture & Design 7328 Old Jacksonville (903) 939-9849 2017 Retail Market Survey Presented by Burns Commercial Properties Tyler, TX - Spring 2017

Largest Current Current Available Property Owner Contact Year Built Total Size Occupancy Vacant Quoted Rent NNN Charges Sapce Anchor Tenants

Brad Donley Tanglewood East Gross Pyle Properties Pyle Properties 1986 42,119 SF 74% 11,000 SF Negotiable /SF /SF 8,908 Granary Health Foods Loop 323 & E. Fifth Street Rent (903) 509-8161

Mark Whatley/Glenn Eikner Tanglewood West The Genecov Group, Burns Commercial Properties 2004 6,067 SF 79% 1,262 SF $12.00 /SF $4.62 /SF 1,262 Subway, Medigy 1925-1945 SSE Loop 323 Inc (903) 534-1200

Brad Donley Times Square Gross Pyle Properties Pyle Properties 1985 91,196 SF 95% 4,146 SF Negotiable /SF /SF 4,146 Times Square Cinema, Fitness in Training 5201 S. Broadway Rent (903) 509-8161

Mark Whatley Towne Oaks Plaza KPE Towne Oaks $24.00 - Burns Commercial Properties 2016 18,098 SF 67% 5,916 SF /SF $7.50 /SF 5,916 La Madeline, Orange Theory 419 WSW Loop 323 Center, LLC $26.00 (903) 534-1200

Blair Swaim Troup Square Terry Cook, etal Burns Commercial Properties 2008 13,330 SF 56% 5,901 SF $21.00 /SF $7.84 /SF 4,513 Oliveto's 3707 Troup Hwy (903) 534-1200

Blair Swaim Tyler Town Center Town Center Retail, $11.00 - Burns Commercial Properties 1985 45,113 SF 97% 1,309 SF /SF $2.88 /SF 1,309 Cotton Patch Café, Tuesday Morning 322 ESE Loop 323 LLC $13.00 (903) 534-1200

Greg Caton Villages at Oak Harbor, The New Balance Shoes, Cross-Fit, Gusano's Trader Park, LLC Caton Property Group 2012 8,941 SF 100% 0 SF $22.00 /SF $5.00 /SF 0 7278 Old Jacksonville Hwy Pizza (903) 939-9849

The Village at Studio Movie Grill, Bed, Bath & Beyond, TJ Tyler Broadway Matt Wilson $18.00 - Cumberland Park 2014 630,000 SF 85% 96,800 SF /SF $4.75 /SF 25,000 Maxx, F21, H&M, Abuelo's, FD's Grill, Zoe's Centennial, LP (214) 572-8432 $25.00 8900 S. Broadway Kitchen

Brad Donley West Bow Gross Pyle Properties Pyle Properties 1965 31,383 SF 90% 3,000 SF Negotiable /SF /SF 2,400 Cititrends, Family Dollar, Rent-A-Center 1204-1218 W. Bow St. Rent (903) 509-8161

Brad Donley West Erwin Gross Pyle Properties Pyle Properties 1960 36,551 SF 93% 2,400 SF Negotiable /SF /SF 1,340 Dollar General, Supermercado del Pueblo 2301-2415 W. Erwin St. Rent (903) 509-8161 2017 Retail Market Survey Presented by Burns Commercial Properties Tyler, TX - Spring 2017

Largest Current Current Available Property Owner Contact Year Built Total Size Occupancy Vacant Quoted Rent NNN Charges Sapce Anchor Tenants

Greg Caton Westside Center $22.00 - KH Ventures Caton Property Group 2016 6,000 SF 100% 0 SF /SF $7.88 /SF 0 Wing Stop 400 SSW Loop 323 $25.00 (903) 939-9849

Matthew Marshall West Village West Village Realty, Drake Real Estate & Investments 2015 11,700 SF 100% 0 SF $20.00 /SF $4.80 /SF 0 Cole & Co., Sweet Frog, Primrose Path 2467 Crow Rd. LLC (903) 581-3737

Glenn Eikner Westwood Shopping Center Super Mercado, Family Dollar, Little Ruben Martinez Burns Commercial Properties 1983 83,092 SF 91% 7,119 SF $12.00 /SF $2.77 /SF 3,500 510 Loop 323/Hwy 31 W Caeser's, Red Hanger Cleaners (903) 534-1200

Jo Dobbs Woodcreek Village Yin Investments, Inc Interlink Real Estate 1986 20,000 SF 90% 2,000 SF $14.40 /SF Gross Rent 2,000 Where's Rufus 6100 S. Broadway (903) 534-9292

TOTALS: 3,385,009 87% 439,421 $17.88 /SF BURNS COMMERCIAL PROPERTIES 2016 RETAIL MARKET SURVEY TYLER, TEXAS

The 2016 edition of the Burns Commercial Properties Retail Market Survey contains data which indicates that the Retail sector continues to be the strongest category in the local commercial property market.

The construction of new retail space has continued in the past year, with over 230,000 square feet of space being added to the market during this period. In spite of the completion of additional space, the occupancy rate remained virtually unchanged, coming in at 87.5% just below the 87.8% level achieved in last year’s survey.

Of the sixty eight centers surveyed, forty one (sixty percent of the total) of these enjoyed occupancy rates of ninety percent or higher. Twenty four properties quoted a one hundred percent occupancy level. A large portion of the vacant space is located in centers constructed prior to 1990.

The strong demand from retailers for space in the Tyler market has resulted in an increase in the quoted rental rates from an average of $15.73 per square foot in 2015 to $16.83 in 2016.

The survey covers only multi-tenant retail centers and does not include Broadway Square Mall. Additionally, it does not include single tenant free- standing buildings. A large portion of the grocery stores and restaurants typically occupy properties which fall into this category. A number of single tenant retail and restaurant buildings have been constructed in Tyler in the past twelve months, including two WalMart neighborhood markets and a Super One grocery.

Tyler has enjoyed a reputation as a market which produces a high level of retail and restaurant revenue per capita. The fact that a significant number of non-Tyler residents enter the market to shop and to visit the local restaurants has resulted in a strong demand from retailers of all types. Tyler has established a position as the retail leader in the eastern portion of Texas and is receiving an increasing amount of attention from national and retail chains.

Thanks to the owners and Property Managers who contributed the data necessary to complete this report and to Peggie Jenkins, who compiled the information.

Taylor Burns

BURNS COMMERCIAL PROPERTIES RETAIL MARKET SURVEY

CITY: Tyler, TX DATE: April 2016

Current Current Vacant NNN Largest Available Property Name & Address Owner Contact Year Built Total Size Occupancy SF Quoted Rent Charges Space Anchor Tenants Tyler Retail Market

Macy's Plaza The Genecov Group Inc. Mark Whatley 1982 30,409 SF 96% 1,334 SF $15.00/SF $4.12/SF 1,334 SF Dressin' Gaudy, SAS 4700 S. Broadway Burns Commercial Properties (903) 534-1200

Macy's II The Genecov Group, Inc. Mark Whatley 1978 63,613 SF 100% 0 SF $11.00/SF $2.87/SF 0 SF Natural Grocers, Ashley's Furniture 4820 S. Broadway Burns Commercial Properties (903) 534-1200

Tanglewood East Pyle Properties Brad Donley 1986 42,119 SF 74% 10,950 SF Negotiable Gross Rent 8,908 SF Granary Health Foods 1700 SSE Loop 323 Pyle Properties (903) 509-8161

Times Square Pyle Properties Brad Donley 1985 86,371 SF 100% 0 SF Negotiable Gross Rent 0 SF Times Square Cinema, Fitness in 5201 S. Broadway Pyle Properties Training (903) 509-8161

West Erwin St. Pyle Properties Brad Donley 1960 36,551 SF 90% 3,640 SF Negotiable Gross Rent 2,260 SF Dollar General, Supermercado del 2301-2415 W. Erwin St. Pyle Properties Pueblo (903) 509-8161

West Bow St. Pyle Properties Brad Donley 1965 31,383 SF 97% 893 SF Negotiable Gross Rent 893 SF Cititrends, Family Dollar, Rent-A- 1204-1218 W. Bow St. Pyle Properties Center (903) 509-8161

Regency Center Kevin Eltife Mark Whatley 1984 23,200 SF 100% 0 SF $10.00/SF $4.04/SF 0 SF Susan Robinson Jewelry, Sharman's 6009 S. Broadway Burns Commercial Properties Sewing Center, Currents Restaurant (903) 534-1200

Loop East Center Roosth Properties Dan Spivey 1968 78,089 SF 72% 21,800 SF $8.00/SF $2.00/SF 9,913 SF Brookshires 2702-2756 E. Fifth St. Roosth Properties (903) 593-8333

Rose Plaza Roosth Properties Dan Spivey 1976 105,761 SF 91% 8,509 SF $10.00/SF $1.81/SF 8,509 SF Hastings, Dollar General, Advance 4023 S. Broadway Roosth Properties Auto Parts, Safelite Auto Glass, (903) 593-8333 Wally's Card and Party Factory

Front & Beckham The Genecov Group, Inc. Glenn Eikner 1956 65,816 SF 85% 9,780 SF $6.00- $8.00/SF $1.31/SF 9,780 SF Family Dollar, Rent A Center, H & R Beckham @ E. Front St. Mark Whatley Block Burns Commercial Properties (903) 534-1200

Bergfeld Center Bergfeld Center, LP Julius Bergfeld 1948 167,717 SF 99% 1,443 SF $12.00-$16.00/SF Gross Rent 1,443 SF Brookshires, Luby's, CVS Pharmacy, Broadway @ Eighth St. Bergfeld Realty The Egg & I (903) 592-1032 BURNS COMMERCIAL PROPERTIES RETAIL MARKET SURVEY

CITY: Tyler, TX DATE: April 2016

Current Current Vacant NNN Largest Available Property Name & Address Owner Contact Year Built Total Size Occupancy SF Quoted Rent Charges Space Anchor Tenants Tyler Retail Market

Broadway Center P.D. Capital Broadway David Adams 1963 60,000 SF 87% 7,800 SF $15.00/SF $3.15/SF 4,448 SF Steinmart, Dollar Tree 2125 S. Broadway Center Tyler, LLC The Woodmont Co. (817) 732-4000

Off Broadway I Rosebriar Rob Adams 1984 44,010 SF 55% 24,200 SF $13.00/SF $3.13/SF 9,500 SF Gray's Home Fashion Gallery, Style 2301 S. Broadway (573) 268-9928 (large spaces) Salon, Healthy Smiles, Allstate Insurance

Southeast Crossing MC Tyler One, LP Bob Myers 1984 57,610 SF 90% 6,256 SF $8.00-$14.00/SF $3.50/SF 2,277 SF Paper Plus, U.S. Post Office, Fat Catz 3320 Troup Hwy. Myers Commercial (214) 751-7550

Southeast Crossing Negem Investments, LLC Glenn Eikner 1983 15,498 SF 66% 5,269 SF $12.00-$15.00/SF $2.00/SF 3,984 SF Rent-A-Center, Chelle Salon, State 2310-2316 ESE Loop 323 Burns Commercial Properties Farm (903) 534-1200

Lincoln Plaza The Genecov Group, Inc. Glenn Eikner 1970 33,637 SF 100% 0 SF $10.00/SF $1.55/SF 0 SF UT Health Northeast, Southside Bank 2215-2235 W. Gentry Burns Commercial Properties (903) 534-1200

Westwood Shopping Center Ruben Martinez Glenn Eikner 1983 69,231 SF 99% 525 SF $12.00/SF $2.77/SF 525 SF Super Mercado Monterrey, Family Loop 323 @ Hwy. 31 W Burns Commercial Properties Dollar, Little Caesar's, Big Red (903) 534-1200 Hanger

Woodcreek Village Yin Investments, Inc. Jo Dobbs 1986 20,000 SF 90% 2,000 SF $14.40/SF Gross Rent 2,000 SF Where's Rufus 6100 S. Broadway Interlink Real Estate (903) 534-9292

Olde English Village Woodcrest Russell Patterson 1978 79,831 SF 64% 28,700 SF $10.00-$18.00/SF $2.75/SF 5,000 SF Mattress Plus, Wok Box, RDA 3400 S. Broadway Patterson Commercial Properties Promart (903) 597-1800

French Quarter Lasaters French Quarter Bridgette Mauritzen 1976 141,220 SF 94% 8,112 SF Negotiable $3.72/SF 8,112 SF Pier One Imports, Boot Barn, Jared's 4500 S. Broadway Property Manager Jewelers (903) 561-6644

Southpark Center Tyler Southpark Center, LP Walter Northcutt 1983 146,583 SF 97% 58,438 SF $14.00/SF $4.25/SF 2,999 SF Wal-Mart, Stage Stores Loop 323 @ Troup Hwy. Beer Wells Real Estate (small space/as is) (903) 753-2191

Brookside Village The Genecov Group, Inc. Mark Whatley 1983 38,092 SF 87% 5,059 SF $12.00/SF $3.20/SF 1,988 SF Chili's, 360 Fitness 531 WSW Loop 323 Burns Commercial Properties (903) 534-1200 BURNS COMMERCIAL PROPERTIES RETAIL MARKET SURVEY

CITY: Tyler, TX DATE: April 2016

Current Current Vacant NNN Largest Available Property Name & Address Owner Contact Year Built Total Size Occupancy SF Quoted Rent Charges Space Anchor Tenants Tyler Retail Market

Beckham/Fifth Streets Briarwood Group, Ltd. Martin Heines 1965 90,000 SF 100% 0 SF $8.00/SF $1.25/SF 0 SF Big Lots, ETMC Beckham @ E. Fifth St. Real Estate Svcs. (903) 593-2367

Beckham/Fifth Streets Pollard-Heines Martin Heines 1965 32,500 SF 90% 3,250 SF $9.00/SF $1.20/SF 1,250 SF Misc. Small Retail @ 5th & Beckham SW Corner / Beckham & Fifth St. Real Estate Svcs. (903) 593-2367

Beckham/Fifth Streets Pollard-Heines Martin Heines 1994 7,000 SF 100% 0 SF $14.00/SF $4.00/SF 0 SF Jersey Mike's, The Catch, Amelia's SE Corner / Beckham & Fifth St. Real Estate Svcs. (903) 593-2367

Broadway Market Center Dunhill Partners Andy Crosland 2001 94,000 SF 100% 0 SF $26.00/SF $4.80/SF 0 SF Ross Dress For Less, Starbucks Broadway @ Rice Rd. (956) 631-2651

Lone Star Center The Genecov Group, Inc. Glenn Eikner 1960 25,553 SF 84% 4,200 SF $8.50/SF $1.58/SF 4,200 SF Hand Me Ups, Tyler Kung Fu 2500 Block, E. Fifth St. Mark Whatley Burns Commercial Properties (903) 534-1200

Fifth & Fleishel Fernando & Jose Martinez Glenn Eikner 1960 23,307 SF 95% 1,250 SF $10.00/SF $2.64/SF 1,213 SF Payless Shoe Source, Jackson-Hewitt E. Fifth St. @ Fleishel Burns Commercial Properties Tax Service, Roast Social Chicken (903) 534-1200

Tyler Town Center Town Center Retail, LLC Blair Swaim 1985 45,113 SF 90% 4,801 SF $11.00- $13.00/SF $2.99/SF 1,359 SF Tuesday Morning, Cotton Patch Café 322 ESE Loop 323 Burns Commercial Properties (903) 534-1200

Broadway Crossing Broadway Crossing Ltd. Art Mullan 1992 135,151 SF 100% 0 SF $20.00/SF $3.60/SF 0 SF Drug Emporium, Marshalls, Best Buy, 5600 S. Broadway Signature Management Petsmart, Shoe Carnival (903) 526-0880

Pavillion Center Reiff & Givertz Art Mullan 1994 30,670 SF 100% 0 SF $20.00/SF $5.00/SF 0 SF Barnes & Noble, CVS Pharmacy 4900 S. Broadway Signature Management (903) 526-0880

Gateway Plaza The Genecov Group, Inc. Mark Whatley 1999 35,948 SF 100% 0 SF $16.00/SF $3.42/SF 0 SF Office Max, Racquet & Jog 5361-5403 S. Broadway Burns Commercial Properties (903) 534-1200

Green Acres Shopping Center The Genecov Group, Inc. Glenn Eikner 1950 159,823 SF 85% 24,310 SF $8.50-$10.00/SF $1.74/SF 7,732 SF Cardiovascular Associates of East 1700-1880 Troup Hwy. Mark Whatley Texas, Dollar General, Sherwin- Burns Commercial Properties Williams (903) 534-1200

BURNS COMMERCIAL PROPERTIES RETAIL MARKET SURVEY

Sunset Plaza The Genecov Group, Inc. Mark Whatley 1992 108,454 SF 100% 0 SF $7.00/SF $2.54/SF 0 SF Hobby Lobby, Ivan Smith Furniture 1909 ESE Loop 323 Burns Commercial Properties (903) 534-1200

Pine Tree Shopping Center Pine Tree Associates Art Mullan 2004 19,160 SF 100% 0 SF $19.00/SF $5.00/SF 0 SF Catos Hwy 64 West Signature Management (903) 526-0880

Tanglewood West The Genecov Group, Inc. Glenn Eikner 2004 6,005 SF 55% 2,705 SF $12.00/SF $4.01/SF 1,505 SF Subway, Ace Cash Express 1925-1945 SSE Loop 323 Mark Whatley Burns Commercial Properties (903) 534-1200

Pine Corners LNR Partners, LLC David Adams 2005 32,196 SF 83% 5,470 SF $18.00/SF $4.68/SF 2,744 SF Dollar Tree, Anytime Fitness 3825-3877 Hwy. 64 W The Woodmont Co. (817) 732-4000

Shoppes on Broadway Tenants in Common Matthew Marshall 2005 13,500 SF 100% 0 SF $28.00/SF $8.01/SF 0 SF Mattress Firm, Verizon, Scottrade, 6900 S. Broadway Drake Real Estate & Papa Murphy's Investments (903) 581-3737

Highland Village C.G. Investments Greg Caton 2000 46,650 SF 100% 0 SF $12.00/SF $1.89/SF 0 SF Card & Party, Dollar Tree, Anytime 3826 Troup Hwy. Caton Property Group Fitness, Renal Care Group (903) 939-9849

Kinsey Crossing One Tyler, LLC Marc Ivy 2014 24,090 SF 88% 3,000 SF $22.50/SF $5.00/SF 3,000 SF Rounder's Pizza, Duncan 1400 WSW Loop 323 Bridgewater Realty Group Donuts/Baskin Robbins (903) 881-3171

Southland Plaza West The Genecov Group, Inc. Glenn Eikner 1965 22,011 SF 97% 598 SF $12.00/SF $2.72/SF 598 SF Papa John's, Schlotzsky's, Zeta Home 631, 701-755 S. Beckham Mark Whatley Health Burns Commercial Properties (903) 534-1200

Westside Center Iowa Falls Partners Burns Commercial Properties 2007 5,382 SF 100% 0 SF $21.00/SF $7.62/SF 0 SF Subway, Federal Cash Advance 400-424 SSW Loop 323 (903) 534-1200

Shoppes at Cumberland Brian Bateman Matthew Marshall 2007 17,035 SF 91% 1,501 SF $18.00-$20.00/SF $5.75/SF 1,501 SF The Diner, Marco's Pizza, Apple 7924 S. Broadway Drake Real Estate & Vision, Magic Nails, Progress Investments Cleaners (903) 581-3737

Shiloh Crossing BESENG3, LLC Allen Bell 2007 13,580 SF 89% 0 SF $15.00-$17.00/SF $4.62/SF 1,500 SF Cato, Cash Store, Cellular City, Wash 3101 Shiloh Rd. Property Services Smart (903) 595-2805

Shops at Old Bullard Ken Dietz, Jr. Matthew Marshall 2006 14,040 SF 92% 1,170 SF $18.00/SF $5.33/SF 1,170 SF Sake Sushi, Smallcakes, High Cotton, 5825 & 5875 Old Bullard Rd. Drake Real Estate & Apricot Lane, Writing Horse Investments (903) 581-3737 BURNS COMMERCIAL PROPERTIES RETAIL MARKET SURVEY

Newk's Center Albriton Properties, LLC Matthew Marshall 2008 11,510 SF 66% 3,856 SF $14.00/SF $5.00/SF 3,856 SF Newk's Restaurant, Orange Leaf 3985 Old Jacksonville Rd. Drake Real Estate & Investments (903) 581-3737

Alexander Plaza Southern Classic Holdings, Matthew Marshall 2016 6,500 SF 100% 0 SF $35.00/SF $6.00/SF 0 SF Taziki's, America's Best 6710 S. Broadway LLC Drake Real Estate & Investments (903) 581-3737

Troup Square Terry Cook, etal Blair Swaim 2008 13,330 SF 90% 1,388 SF $21.00/SF $6.65/SF 1,388 SF Oliveto's Restaurant, Genghis Grill 3707 Troup Hwy. Burns Commercial Properties (903) 534-1200

The Shops at Shiloh Road BCTS Partners Matthew Marshall 2008 15,350 SF 94% 985 SF $18.00/SF $4.75/SF 985 SF Whataburger, Chase Bank, CEFCO 5011 Troup Hwy. Drake Real Estate & Fuel C-Store, Shiloh Family Dental Investments (903) 581-3737

Gateway Towers The Genecov Group, Inc. Mark Whatley 2009 10,482 SF 88% 1,249 SF $14.00/SF $4.05/SF 1,249 SF Gananche, UPS Store 5380 Old Bullard Road Burns Commercial Properties (903) 534-1200

La Piazza Hooper Tyler Properties Robert Means 2008 33,250 SF 80% 6,500 SF $22.00/SF $6.25/SF 6,500 SF Harley's, Bridgette's, Dakota Steak 4815 Old Bullard Road Robert Means & Associates (divisible) House (903) 594-8880

Midway Plaza Roosth Properties Dan Spivey 2010 12,575 SF 84% 2,061 SF $18.00/SF $4.84/SF 2,061 SF Smashburger, Wing Stop, TCBY, 7484 S. Broadway Roosth Properties Subway (903) 593-8333

Heritage Retail Center 301 W. Heritage, LLC Don Simmons 2008 11,483 SF 100% 0 SF $16.00/SF $4.50/SF 0 SF Salon Boutique 301 W. Heritage Dr. Simmons Real Estate (903) 581-5858

SEC Center SEC Investments Matthew Marshall 2010 4,800 SF 100% 0 SF $26.00/SF $6.50/SF 0 SF Smash Burger, Salsarita's 3320 Troup Hwy. Drake Real Estate & Investments (903) 581-3737

Broadway Hills Plaza CHB Interests, LLC Matthew Marshall 2009-2012 10,075 SF 100% 0 SF $22.00- $24.00/SF $6.00/SF 0 SF Sprint, Edible Arrangements, Pizza 7925 S. Broadway Drake Real Estate & Hut, Complete Business Systems Investments (903) 581-3737

Epperson Plaza Patricia Potts Matthew Marshall 1978 12,845 SF 100% 0 SF $24.00/SF $3.00/SF 0 SF Barrett Appliance, EZ Loans, T-Mobile 5625 S. Broadway Drake Real Estate & Investments (903) 581-3737

KNB-Greshham Center Kilgore National Bank Matthew Marshall 2006 8,000 SF 25% 6,000 SF $12.00/SF $3.50/SF 6,000 SF Donut Palace 16637 Old Jacksonville Hwy. Drake Real Estate & Investments (903) 581-3737

Southern Classic Center Southern Classic Holdings, Matthew Marshall 2014 4,401 SF 100% 0 SF $34.50/SF $7.00/SF 0 SF Cash Store, Mattress HQ 6721 S. Broadway Ave. LLC Drake Real Estate & Investments (903) 581-3737 BURNS COMMERCIAL PROPERTIES RETAIL MARKET SURVEY

The Corner @ Chapel Hill Forster & Giles Investments Matthew Marshall 2005 8,684 SF 30% 6,100 SF $13.00/SF $2.00/SF 6,100 SF Subway, Farmer's Insurance 11980 Hwy. 64 E. Drake Real Estate & Investments (903) 581-3737

Fountains @ Chimney Rock KPE Investments, Ltd. Mark Whatley 2012 31,007 SF 100% 0 SF $26.00/SF $6.61/SF 0 SF Jos. A. Bank, Chuy's, Michaels 5730, 5761, 5801, 5899 Old Bullard Rd. Burns Commercial Properties (903) 534-1200

The Ridge at Oak Hills Paloma Properties, LLC Greg Caton 2012 15,000 SF 80% 2,954 SF $22.00/SF $4.25/SF 1,980 SF Gracie Barra Martial Arts 6800 Oak Hills Blvd. Caton Property Group (903) 939-9849

The Ridge at Oak Hills Paloma Properties, LLC Greg Caton 2012 4,615 SF 100% 0 SF $22.00/SF $4.25/SF 0 SF Great Clips, Clothes Mentor 7006 Highlands Lane Caton Property Group (903) 939-9849

The Villages at Oak Hollow Trader Park, LLC Greg Caton 2012 8,941 SF 100% 0 SF $22.00/SF $4.25/SF 0 SF New Balance Shoes, Cross-Fit, 7278 Old Jacksonville Hwy. Caton Property Group Gusano's Pizza (903) 939-9849

Swann Plaza at Oak Hollow OKBA Enterprises Greg Caton 2015 24,000 SF 25% 18,000 SF $25.00/SF $4.25/SF 18,000 SF Fish City Grill, Sonoma Grill 7328 Old Jacksonville Hwy. Caton Property Group (903) 939-9849

South Towne Center Sword Waldie, LLC Greg Caton 2015 17,060 SF 42% 9,900 SF $25.00-$35.00/SF $4.25/SF 1,900 SF Grub Burger Bar, Salon 6421 S. Broadway Caton Property Group (903) 939-9849

The Market at the Crossing Douglas R. & Mehling Family Greg Caton 2013 18,000 SF 86% 2,500 SF $15.00-$24.00/SF Gross Rent 2,500 SF Identity Spa, Moss Florist, Chris & 2210 Threelakes Pkway. Partnership, LLC Caton Property Group Sam's Grill, Fickle Baby (903) 939-9849

Three Lakes Center RECARR, LLC Greg Caton 2015 10,000 SF 50% 5,000 SF $19.00/SF $4.25/SF 5,000 SF Little Caesar's, Salon, Tea to Go 2251 Three Lakes Pkway. Caton Property Group (903) 939-9849

The Village at Cumberland Park Tyler Broadway Centennial, Matt Wilson 2014 550,000 SF 85% 82,250 SF $23.00/SF $4.75/SF 9,000 SF Gordman's, Studio Movie Grill, Bed, 8900 S. Broadway LP (214) 572-8432 Bath & Beyond, TJ Maxx, F21, Abuelo's, FD's Grill, Zoe's Kitchen

407,081 SF $16.83/SF Totals: 3,279,817 SF 87.5% Available (Average) BURNS COMMERCIAL PROPERTIES 2015 RETAIL MARKET SURVEY TYLER, TEXAS

The 2015 Tyler Retail Market Survey shows that the Retail sector was the shining star of the commercial real estate market over the past twelve months.

The Survey includes data on sixty six properties, five of which are new centers which opened in the past twelve months. The total square footage of the centers surveyed is 2,860,747, which is an increase of 6.3%. In spite of the availability of the additional space, the occupancy rate rose to 87.8%, up from 87.3% in the 2014 report.

The average lease rate for the centers included in the survey is $15.73 per square foot, up from $15.09 per square foot from 2014. The fact that the market absorbed 164,670 square feet of space and the average asking price increased confirms that the retail market in Tyler experienced a very strong year.

The most significant project in the retail sector over the preceding twelve months has been the construction of a portion of the Village at Cumberland Park, located at 8730 South Broadway. This development is located on seventy eight acres north of Loop 49. At this time, 375,000 square feet of retail space has been completed. The developer (Retail Connection) has plans to enlarge the center to approximately 700,000 square feet, which would make this the largest retail center in the section of Texas east of Dallas and Houston. Several retailers new to Tyler have located here, including Gordmans, TJ Maxx, DressBarn, Skechers, Petco, Versona, and Beauty Brands. Additionally, Abuelo’s, Zoe’s Kitchen, and Rotolo’s Pizzeria are restaurants new to the Tyler market which have leased space in the center.

Additionally, several new small retail projects were completed in the Old Jacksonville Road corridor, a corridor which continues to experience growth in traffic counts and residential construction.

National and regional retail chains have discovered that Tyler is an attractive market as the trade area contains an approximate population of 415,000. The diverse retail selection along with the outstanding medical facilities in Tyler, and the fact that Tyler offers excellent medical facilities causes many citizens of surrounding towns to drive to Tyler on a daily basis.

The overall strength of the local market is evidenced by the fact that forty of the sixty six properties surveyed report an occupancy rate of ninety percent or more, and twenty seven centers are one hundred percent occupied.

The addition of a number of national retailers to the local market will likely result in an increase in the amount of shoppers who travel to Tyler, which should be beneficial to the entire retail sector.

Thanks to all those who contributed the data necessary to compile this report, and to Peggie Jenkins for doing the necessary legwork.

Taylor Burns

CITY: Tyler, TX DATE: April 2015 Largest Current Current NNN Available Property Name & Address Owner Contact Year Built Total Size Occupancy Vacant SF Quoted Rent Charges Space Anchor Tenants Tyler Retail Market

Macy's Plaza The Genecov Group Inc. Mark Whatley 1982 30,631 SF 90% 2,920 SF $15.00/SF $4.12/SF 1,620 SF Dressin' Gaudy, SAS, Fish 4700 S. Broadway Burns Commercial City Grill Properties (903) 534-1200

Tanglewood East Pyle Properties Brad Donley 1986 42,119 SF 70% 13,065 SF Negotiable Gross Rent 8,908 SF Granary Health Foods 1700 SSE Loop 323 Pyle Properties (903) 509-8161

Times Square Pyle Properties Brad Donley 1985 86,371 SF 86% 12,114 SF Negotiable Gross Rent 12,114 SF Times Square Cinema, 5201 S. Broadway Pyle Properties Fitness in Training (903) 509-8161

West Erwin St. Pyle Properties Brad Donley 1960 49,341 SF 89% 5,640 SF Negotiable Gross Rent 2,370 SF Dollar General, 2301-2415 W. Erwin St. Pyle Properties Supermercado del Pueblo (903) 509-8161

West Bow St. Pyle Properties Brad Donley 1965 31,383 SF 94% 1,120 SF Negotiable Gross Rent 1,120 SF Cititrends, Family Dollar, 1204-1218 W. Bow St. Pyle Properties Rent-A-Center (903) 509-8161

Regency Center Kevin Eltife Mark Whatley 1984 23,200 SF 100% 0 SF $10.00/SF $4.04/SF 0 SF Susan Robinson Jewelry, 6009 S. Broadway Burns Commercial Sharman's Sewing Center, Properties Currents Restaurant (903) 534-1200

Loop East Center Roosth Properties Dan Spivey 1968 78,089 SF 72% 21,800 SF $8.00/SF $2.00/SF 9,913 SF Brookshire 2702-2756 E. Fifth St. Roosth Properties (903) 593-8333

Rose Plaza Roosth Properties Dan Spivey 1976 105,761 SF 83% 17,980 SF $10.00/SF $1.81/SF 9,698 SF Hastings, Dollar General, 4023 S. Broadway Roosth Properties Advance Auto Parts, Safelite (903) 593-8333 Auto Glass

Front & Beckham The Genecov Group, Inc. Glenn Eikner 1956 65,723 SF 77% 15,313 SF $6.00- $8.00/SF $1.31/SF 9,780 SF Family Dollar, Ladies Time, Beckham @ E. Front St. Mark Whatley Rent A Center, H & R Block Burns Commercial Properties (903) 534-1200 CITY: Tyler, TX DATE: April 2015 Largest Current Current NNN Available Property Name & Address Owner Contact Year Built Total Size Occupancy Vacant SF Quoted Rent Charges Space Anchor Tenants Tyler Retail Market Bergfeld Center Bergfeld Center, LP Julius Bergfeld 1948 167,717 SF 100% 0 SF $12.00-$16.00/SF Gross Rent 0 SF Brookshires, Luby's, CVS Broadway @ Eighth St. Bergfeld Realty Pharmacy, The Egg & I (903) 592-1032

Broadway Center Weingarten Realty Investors Brandon Schawe 1963 60,400 SF 85% 9,060 SF $13.50-$22.00/SF $3.17/SF 5,225 SF Steinmart, Family Dollar, 2125 S. Broadway Weingarten Realty The Scroll (713) 866-6942

Off Broadway I Rosebriar Bill Hanks 1984 44,010 SF 78% 9,500 SF $13.00/SF $3.00/SF 9,500 SF Gray's Home Fashion 2301 S. Broadway (214) 455-4393 (large spaces) Gallery, Rib Masters, Style Salon, Metabolic Research

Southeast Crossing MC Tyler One, LP Bob Myers 1984 57,610 SF 90% 6,256 SF $8.00-$14.00/SF $3.50/SF 2,277 SF Paper Plus, U.S. Post Office, 3320 Troup Hwy. Myers Commercial Fat Catz (214) 751-7550

Southeast Crossing Negem Investments, LLC Glenn Eikner 1983 15,498 SF 66% 5,269 SF $12.00-$15.00/SF $2.00/SF 3,984 SF Rent-A-Center, Chelle Salon 2310-2316 ESE Loop 323 Burns Commercial Properties (903) 534-1200

Lincoln Plaza The Genecov Group, Inc. Glenn Eikner 1970 33,637 SF 93% 2,453 SF $10.00/SF $1.41/SF 2,453 SF UT Health Northeast, 2215-2235 W. Gentry Burns Commercial Southside Bank Properties (903) 534-1200

Westwood Shopping Cntr. Ruben Martinez Glenn Eikner 1983 69,231 SF 99% 525 SF $12.00/SF $2.80/SF 525 SF Super Mercado Monterrey, Loop 323 @ Hwy. 31 W Burns Commercial Family Dollar, Little Properties Caesar's, Big Red Hanger (903) 534-1200

Woodcreek Village Yin Investments, Inc. Jo Dobbs 1986 20,000 SF 90% 2,000 SF $13.00/SF N/A 2,000 SF Where's Rufus 6100 S. Broadway Interlink Real Estate (903) 534-9292

Olde English Village Woodcrest Mark Whatley 1978 79,875 SF 59% 32,748 SF $10.00-$18.00/SF $2.75/SF 8,076 SF Mattress Plus, Wok Box, 3400 S. Broadway Burns Commercial RDA Promart Properties (903) 534-1200 CITY: Tyler, TX DATE: April 2015 Largest Current Current NNN Available Property Name & Address Owner Contact Year Built Total Size Occupancy Vacant SF Quoted Rent Charges Space Anchor Tenants Tyler Retail Market French Quarter Lasaters French Quarter Lorei Gabriel 1976 141,220 SF 99% 1,300 SF Negotiable $3.50/SF 1,300 SF Pier One Imports, Boot Barn, 4500 S. Broadway Property Manager Jared's Jewelers (903) 561-6644

Southpark Center Tyler Southpark Center, LP Walter Northcutt 1983 146,583 SF 97% 58,438 SF $14.00/SF $3.43/SF 2,999 SF Wal-Mart, Bealls Department Loop 323 @ Troup Hwy. Beer Wells Real Estate (small space/as is) Store (903) 753-2191

Brookside Village The Genecov Group, Inc. Mark Whatley 1983 38,086 SF 87% 5,059 SF $12.00/SF $3.20/SF 1,988 SF Chili's, 360 Fitness 531 WSW Loop 323 Burns Commercial Properties (903) 534-1200

Beckham/Fifth Streets Briarwood Group, Ltd. Martin Heines 1965 90,000 SF 100% 0 SF $8.00/SF $1.25/SF 0 SF Big Lots, ETMC Beckham @ E. Fifth St. (903) 593-2367

Beckham/Fifth Streets Pollard-Heines Martin Heines 1965 32,500 SF 100% 0 SF $9.00/SF $1.20/SF 0 SF Misc. Small Retail @ 5th & SW Corner / Beckham & Fifth St. (903) 593-2367 Beckham

Beckham/Fifth Streets Pollard-Heines Martin Heines 1994 7,000 SF 100% 0 SF $14.00/SF $4.00/SF 0 SF Jersey Mike's, Rusty Taco, SE Corner / Beckham & Fifth St. (903) 593-2367 TCBY

Broadway Market Center Dunhill Partners Andy Crosland 2001 94,000 SF 100% 0 SF $26.00/SF $4.80/SF 0 SF Ross Dress For Less, Broadway @ Rice Rd. (956) 631-2651 Starbucks

Lone Star Center The Genecov Group, Inc. Glenn Eikner 1960 25,551 SF 81% 4,936 SF $8.50/SF $1.58/SF 3,161 SF Kelly Credit Union, Hand Me 2500 Block, E. Fifth St. Mark Whatley Ups Burns Commercial Properties (903) 534-1200

Fifth & Fleishel Fernando & Jose Martinez Glenn Eikner 1960 23,307 SF 95% 1,250 SF $10.00/SF $2.58/SF 1,250 SF Payless Shoe Source, E. Fifth St. @ Fleishel Burns Commercial Jackson-Hewitt Tax Service Properties (903) 534-1200 CITY: Tyler, TX DATE: April 2015 Largest Current Current NNN Available Property Name & Address Owner Contact Year Built Total Size Occupancy Vacant SF Quoted Rent Charges Space Anchor Tenants Tyler Retail Market Tyler Town Center Town Center Retail, LLC Blair Swaim 1985 45,180 SF 78% 9,873 SF $11.00- $13.00/SF $2.99/SF 5,480 SF Tuesday Morning, Cotton 322 ESE Loop 323 Burns Commercial Patch Café Properties (903) 534-1200

Broadway Crossing Broadway Crossing Ltd. Art Mullan 1992 135,151 SF 100% 0 SF $12.00/SF $3.60/SF 0 SF Drug Emporium, Marshalls, 5600 S. Broadway Signature Management Best Buy, Petsmart, Shoe (903) 526-0880 Carnival

Pavillion Center Reiff & Givertz Art Mullan 1994 30,670 SF 100% 0 SF $20.00/SF $5.00/SF 0 SF Barnes & Noble, CVS 4900 S. Broadway Signature Management Pharmacy (903) 526-0880

Gateway Plaza The Genecov Group, Inc. Mark Whatley 1999 42,900 SF 100% 0 SF $16.00/SF $3.42/SF 0 SF Office Max, Racquet & Jog 5361-5403 S. Broadway Burns Commercial Properties (903) 534-1200

Green Acres Shopping Cntr. The Genecov Group, Inc. Glenn Eikner 1950 160,900 SF 88% 19,631 SF $9.00/SF $1.74/SF 7,732 SF Cardiovascular Associates of 1700-1880 Troup Hwy. Mark Whatley East Texas, Dollar General, Burns Commercial Sherwin-Williams Properties (903) 534-1200

Sunset Plaza The Genecov Group, Inc. Mark Whatley 1992 108,454 SF 100% 0 SF $7.00/SF $2.54/SF 0 SF Hobby Lobby, Ivan Smith 1909 ESE Loop 323 Burns Commercial Furniture Properties (903) 534-1200

Pine Tree Shopping Cntr. Pine Tree Assoc. Art Mullan 2004 19,160 SF 100% 0 SF $14.00/SF $5.00/SF 0 SF Catos Hwy 64 West Signature Management (903) 526-0880

Tanglewood West The Genecov Group, Inc. Glenn Eikner 2004 6,000 SF 80% 1,200 SF $12.00/SF $4.01/SF 1,200 SF Subway, Ace Cash Express 1925-1945 SSE Loop 323 Mark Whatley Burns Commercial Properties (903) 534-1200

Tyler Corners First Guardian Group Andy Bergfeld 2004 32,196 SF 92% 2,695 SF $13.00/SF $5.00/SF 2,695 SF Dollar Tree, EB Games, It's 3825-3877 Hwy. 64 W Bergfeld Realty Fashion, El Quatro (903) 592-1032 CITY: Tyler, TX DATE: April 2015 Largest Current Current NNN Available Property Name & Address Owner Contact Year Built Total Size Occupancy Vacant SF Quoted Rent Charges Space Anchor Tenants Tyler Retail Market Shoppes on Broadway Tenants in Common Matthew Marshall 2005 13,500 SF 100% 0 SF $28.00/SF $8.01/SF 0 SF Mattress Firm, Verizon, 6900 S. Broadway Drake Real Estate Scottrade, Papa Murphy's (903) 581-3737

Highland Village C.G. Investments Greg Caton 2000 46,650 SF 100% 0 SF $12.00/SF $1.89/SF 0 SF Card & Party, Dollar Tree, 3826 Troup Hwy. Caton Property Group Anytime Fitness, Renal Care (903) 939-9849 Group

Kinsey Crossing AKBA Enterprises Greg Caton 2014 24,000 SF 100% 0 SF $24.00/SF $4.25/SF 0 SF Brass Tapp, Rounder's Loop 323 & Kinsey Dr. Caton Property Group Pizza, Reggie's Burgers, (903) 939-9849 Head Masters

Southland Plaza West The Genecov Group, Inc. Glenn Eikner 1965 22,054 SF 97% 6,161 SF $8.50-$10.00/SF $2.72/SF 598 SF Papa John's, Schlotzsky's, 631, 701-755 S. Beckham Mark Whatley Zeta Home Health Burns Commercial Properties (903) 534-1200

Macy's II The Genecov Group, Inc. Mark Whatley 1978 63,399 SF 100% 0 SF $11.00/SF $2.87/SF 0 SF Bed Bath & Beyond, 4820 S. Broadway Burns Commercial Ashley's Furniture Properties (903) 534-1200

Westside Center Iowa Falls Partners Burns Commercial 2007 5,382 SF 100% 0 SF $21.00/SF $7.62/SF 0 SF Subway, Federal Cash 400-424 SSW Loop 323 Properties Advance (903) 534-1200

Shoppes at Cumberland Iowa Falls Partners Matthew Marshall 2007 16,750 SF 100% 0 SF $18.00-$20.00/SF $5.75/SF 0 SF The Diner, Beauty Bar, 7924 S. Broadway Drake Real Estate Apple Vision, Magic Nails, (903) 581-3737 Progress Cleaners

Shiloh Crossing BESENG3, LLC Allen Bell 2007 13,662 SF 100% 0 SF $15.00-$17.00/SF $4.62/SF 0 SF Cato, Cash Store, Cellular 3101 Shiloh Rd. Property Services City, Wash Smart (903) 595-2805

Shops at Old Bullard Ken Dietz, Jr. Matthew Marshall 2006 14,040 SF 100% 0 SF $18.00/SF $5.33/SF 1,170 SF Sonoma Grill, Tru Tan, 5875 Old Bullard Rd. Drake Real Estate Smallcakes, Apricot Lane, (903) 581-3737 Writing Horse CITY: Tyler, TX DATE: April 2015 Largest Current Current NNN Available Property Name & Address Owner Contact Year Built Total Size Occupancy Vacant SF Quoted Rent Charges Space Anchor Tenants Tyler Retail Market Newk's Center Albriton Properties, LLC Blair Swaim 2008 10,090 SF 62% 3,856 SF $15.00/SF $5.00/SF 3,856 SF Newk's Restaurant, Orange 3985 Old Jacksonville Rd. Burns Commercial Leaf Properties (903) 534-1200

Edwin Watts Center Watts Investments Blair Swaim 1976 12,079 SF 100% 0 SF $14.50/SF $2.80/SF 0 SF Edwin Watts Golf, In The 402 WSW Loop 323 Burns Commercial Wind Properties (903) 534-1200

Troup Square Terry Cook, etal Blair Swaim 2008 13,330 SF 90% 1,388 SF $21.00/SF $6.65/SF 1,388 SF Oliveto's Restaurant, 3707 Troup Hwy. Burns Commercial Genghis Grill Properties (903) 534-1200

The Shops at Shiloh Road BCTS Partners Matthew Marshall 2008 15,350 SF 81% 2,890 SF $18.00/SF $4.75/SF 2,890 SF Whataburger, Chase Bank, 5011 Troup Hwy. Drake Real Estate CEFCO Fuel C-Store, Shiloh (903) 581-3737 Family Dental

Gateway Towers The Genecov Group, Inc. Mark Whatley 2009 10,500 SF 43% 5,987 SF $12.00/SF $4.05/SF 1,511 SF Gananche, UPS Store 5380 Old Bullard Road Burns Commercial Properties (903) 534-1200

La Piazza Hooper Tyler Properties Robert Means & 2008 33,250 SF 94% 1,900 SF $26.00/SF $5.50/SF 1,900 SF Harley's, Bridgette's, Dakota 4023 S. Plaza Associates Steak House (903) 594-8880

Midway Plaza Roosth Properties Dan Spivey 2010 12,575 SF 84% 2,012 SF $18.00/SF $4.84/SF 2,061 SF Smashburger, Wing Stop, 7484 S. Broadway Roosth Properties TCBY, Subway (903) 593-8333

Heritage Retail Center 301 W. Heritage, LLC Don Simmons 2008 11,483 SF 100% 0 SF $16.00/SF $4.50/SF 0 SF Salon Boutique 301 W. Heritage Dr. Simmons Real Estate (903) 581-5858

SEC Center SEC Investments Matthew Marshall 2010 4,800 SF 100% 0 SF $26.00/SF $6.50/SF 0 SF Smash Burger, Salsarita's 3320 Troup Hwy. Drake Real Estate (903) 581-3737 CITY: Tyler, TX DATE: April 2015 Largest Current Current NNN Available Property Name & Address Owner Contact Year Built Total Size Occupancy Vacant SF Quoted Rent Charges Space Anchor Tenants Tyler Retail Market Broadway Hills Plaza CHB Interests, LLC Matthew Marshall 2009-2012 10,075 SF 100% 0 SF $22.00- $24.00/SF $6.00/SF 0 SF Sprint, Edible Arrangements, 7925 S. Broadway Drake Real Estate Pizza Hut, Complete (903) 581-3737 Business Systems

Epperson Plaza Patricia Potts Matthew Marshall 1978 12,845 SF 100% 1,375 SF $24.00/SF $3.00/SF 0 SF Barrett Appliance, EZ Loans, 5625 S. Broadway Drake Real Estate T-Mobile (903) 581-3737

Progress Center Woburn-Winslow LLC Matthew Marshall 2010 8,668 SF 49% 4,411 SF $18.00/SF $5.20/SF 4,411 SF Progress Cleaners, State 5522 Old Jacksonville Hwy. Drake Real Estate Farm (903) 581-3737

KNB-Greshham Center Kilgore National Bank Matthew Marshall 2006 8,000 SF 25% 6,000 SF $12.00/SF $2.50/SF 6,000 SF Kilgore National Bank 16637 Old Jacksonville Hwy. Drake Real Estate (903) 581-3737

Southern Classic Center Southern Classic Holdings, LLC Matthew Marshall 2014 4,401 SF 100% 0 SF $34.50 SF $7.00/SF 0 SF Cash Store, Mattress HQ 6721 S. Broadway Ave. Drake Real Estate (903) 581-3737

Southpoint Plaza Rancier Investment 1, LLC Matthew Marshall 1984 15,000 SF 17% 12,450 SF $17.00 SF $2.50/SF 6,250 SF Domino's Pizza 5111 Troup Hwy. Drake Real Estate (903) 581-3737

The Corner @ Chapel Hill Forster & Giles Investments Matthew Marshall 2005 8,684 SF 30% 6,100 SF $13.00 SF $2.00/SF 6,100 SF Subway, Farmer's Insurance 11980 Hwy. 64 E. Drake Real Estate (903) 581-3737

The Ridge at Oak Hills Paloma Properties, LLC Greg Caton 2012 13,934 SF 86% 1,974 SF $22.00/SF $4.25/SF 1,974 SF Katie's Jewelry, Zaza's Building 1 Caton Property Group Italian Restaurant Park Ridge Drive (903) 939-9849

The Ridge at Oak Hills Paloma Properties, LLC Greg Caton 2012 4,615 SF 100% 0 SF $22.00/SF $4.25/SF 0 SF Great Clips, Clothes Mentor Building 5-A Caton Property Group 7006 Highlands Lane (903) 939-9849 CITY: Tyler, TX DATE: April 2015 Largest Current Current NNN Available Property Name & Address Owner Contact Year Built Total Size Occupancy Vacant SF Quoted Rent Charges Space Anchor Tenants Tyler Retail Market The Villages at Oak Hollow Trader Park, LLC Greg Caton 2012 8,941 SF 100% 0 SF $22.00/SF $4.25/SF 0 SF New Balance Shoes, Cross- 7278 Old Jacksonville Hwy. Caton Property Group Fit, Gusano's Pizza (903) 939-9849

Market at The Crossing Douglas R. & Mehling Family Greg Caton 2013 17450 SF 83% 3,000 SF $15.00-$24.00/SF Gross Rent 3,000 SF Identity Spa, Moss Florist, 2210 Threelakes Pkway. Partnership, LLC Caton Property Group Chris & Sam's Grill, Fickle (903) 939-9849 Baby

Village at Cumberland Park Tyler Broadway Centennial, LP Matt Wilson 2014 375,000 SF 93% 26,250 SF $23.00/SF $4.75/SF 9,000 SF Gordman's, Studio Movie 8730 S. Broadway Grill, Bed, Bath & Beyond

Totals: 2,860,747 87.8% 347,899 SF $15.73/SF Available (Average)