<p><strong>Old Dominion University Hampton Roads Real Estate Market Review and Forecast </strong><br><strong>2006 </strong></p><p>Retail Market Review </p><p><strong>Christopher E. Rouzie </strong></p><p>Senior Vice President <br>Thalhimer </p><p>Retail Review - Christopher E. Rouzie </p><p>Managing Broker for Thalhimer <br>Newport News </p><p>Specializes in Retail Site Selection for National Retailers </p><p>Recipient of the 2001, 2003, 2004 <br>CREC Gold Award and Top </p><p>Presented by: <br>E.V. Williams Center for Real Estate </p><p>Hampton Roads Producer for Thalhimer in 2001 and 2003 </p><p>and Economic Development </p><p>Hampton Roads – Retail Vacancy </p><p><strong>15.00% </strong></p><p>RETAIL MARKET REVIEW </p><p></p><ul style="display: flex;"><li style="flex:1"><strong>12.83% </strong></li><li style="flex:1"><strong>13.11% </strong></li></ul><p><strong>13.00% </strong></p><p><strong>11.00% </strong><br><strong>9.00% 7.00% 5.00% </strong><br><strong>11.64% </strong><br><strong>11.19% </strong></p><p><strong>9.41% </strong></p><p><strong>7.55% </strong></p><p><strong>2001 2002 2003 2004 2005 2006 </strong></p><p>New Projects </p><p>1</p><p>Williamsburg Marketcenter </p><p>Williamsburg <br>Marketcenter </p><p>Williamsburg Marketcenter </p><p>Windsormeade <br>Marketplace </p><p></p><ul style="display: flex;"><li style="flex:1">Windsormeade Marketplace </li><li style="flex:1">Windsormeade Marketplace </li></ul><p></p><p>2</p><p>Jefferson Commons </p><p>Jefferson Commons </p><p>Jefferson Commons </p><p>Patrick Henry Mall </p><p>Patrick Henry Mall </p><p>Courthouse <br>Marketplace </p><p>3</p><p></p><ul style="display: flex;"><li style="flex:1">Courthouse Marketplace </li><li style="flex:1">Courthouse Marketplace </li></ul><p>Berkley Commons </p><p>Berkley Commons </p><p>Berkley Commons </p><p>Edinburgh <br>Commons </p><p>4</p><p></p><ul style="display: flex;"><li style="flex:1">Edinburgh Commons </li><li style="flex:1">Edinburgh Commons </li></ul><p></p><p>Proposed </p><p>Cahoon Commons </p><p>Cahoon <br>Commons </p><p>Cahoon Commons </p><p>Redevelopment </p><p>5</p><p>Mid-City Shopping Center - Portsmouth Crossways Center - Chesapeake Janaf Shopping Center - Norfolk <br>Tidewater Shopping Center - Norfolk <br>Crossroads Center at Chesapeake Square - Chesapeake <br>Power Plant - Hampton </p><p>Before <br>After </p><p>Before <br>After </p><p>6</p><p></p><ul style="display: flex;"><li style="flex:1">Shops at Yorktown - Yorktown </li><li style="flex:1">Governor’s Green - Williamsburg </li></ul><p>New Town - Williamsburg Coliseum Mall - Hampton </p><p></p><ul style="display: flex;"><li style="flex:1">Before </li><li style="flex:1">Before </li></ul><p>After <br>After </p><p>Town Centers </p><p>City Center – Newport News </p><p>7</p><p></p><ul style="display: flex;"><li style="flex:1">PeninCsoulilsaeTuomwMnaCllen- Htearm- pHtaomnpton </li><li style="flex:1">Virginia Beach Town Center – Virginia Beach </li></ul><p>City Walk at Virginia Beach – Virginia Beach Harbour View Station Town Center - Suffolk <br>Dean Plaza – Virginia Beach </p><p>Before </p><p>Towne Place at Greenbrier - Chesapeake </p><p>8</p><p>The Marquis </p><p>Pipeline </p><p>Benn’s Grant <br>Bennett’s Creek <br>The Market @ Harbor Heights </p><p>Landstown Commons <br>Indian River &amp;&nbsp;Ferrell Pkwy. </p><p>Red Mill Walk <br>Mt. Pleasant Marketplace <br>Hanbury Village </p><p>9</p>