Meet the Mall Managers – Shopping Center Secrets from the Sources! Presenters: Maureen Hooley Bausch – Triple Five Group, Mall of America Jodi Settersten Coyer – CBL & Associates Properties, Burnsville Center Nancy Litwin – Cypress Equities, Eden Prairie Center Chad Macy – JLL, Rosedale Center Paula Mueller – Glimcher Properties, Northtown Mall Joan Suko – General Growth Properties, Ridgedale Center Jennie Zafft – UCR Asset Services, The Shoppes at Arbor Lakes Moderator: Mike Sims, Mid-America Real Estate – Minnesota, LLC MOA PHASE IC SIGNAGE CONCEPT Burnsville Center • Anchor tenants include Dick's Sporting Goods, Gordman's, JCPenney, Macy's, Sears, Paragon Odyssey 15 • 137 specialty retailers including Aéropostale, American Eagle Outfitters, Best Buy Mobile, Charlotte Russe, Crazy 8, dELiA*s, dressbarn, Gymboree, Hollister Co., Teavana, Victoria’s Secret and Zumiez • 11 quick-serve restaurants and five family sitdown restaurants Burnsville Center • Opening Date: 1977 • Total Center GLA 1,045,242 sf • Site: 98 acres • Parking: 5,994 spaces • Total Stores: 137 • Trade Area Population:828,405 Burnsville Center Fun Fact Reality TV premier Season 1, episode 5 of Food Court Wars Hosted by Tyler Florence Winner of one year free rent - Pimento Jamaican Kitchen Eden Prairie Center Eden Prairie Center • Favorite shopping, family entertainment and dining destination for residents in the affluent and fast-growing southwest suburbs of Minneapolis-St. Paul • Conveniently close to I-494 and Highway 212 • Anchored by Von Maur, Target, Kohl’s, Sears and JCPenney • Entertainment wing features 18-screen AMC Theatre, Barnes & Noble, Wildfire Steaks, Chops & Seafood, Biaggi’s Ristorante Italiano, The Prairie Tap House, Panera Bread and an impressive food court with eight quick-serve restaurants and a towering 3-story stone fireplace • Popular amenities include: • family first parking spaces • indoor children’s play area • family restrooms with private nursing suites • soft seating areas • free Wi-Fi Eden Prairie Center • Annual visits – nearly 12 million •3rd Largest Shopping Center in metro • over 1.3 million sq. ft. • over 87 acres • 120 shops and restaurants • TA Average HH Income - $109,964 • Average HH Income within 3 miles of the center is $121,842, significantly higher than the Minneapolis metro average of $85,224 and the U.S. average of $71,317 • TA Population is projected to increase by 7% over next five years • Southwest LRT (METRO Green Line Extension) – Eden Prairie Town Center Station is proposed to open 2019 Rosedale Center Center at a Glance • Centrally located between Minneapolis & St. Paul • Situated on Interstate 35W and Hwy 36 • Anchor tenants include Macy’s, JCPenney, Herberger’s and AMC Theatres • Key retailers such as: Apple, Buckle, Coach, Sephora, Williams-Sonoma, Bose, Pandora, Forever 21 and Hot Mama • Seven full-service restaurants and three fast casual concepts Rosedale Center Stats & Demographics • Opening Date: 1969 • Expansion Date: 2006 • Total Center GLA 1,147,636 sf • Site: 72.2 acres • Parking: 5,759 spaces • Total Stores: 164 • Levels: 2 Trade Area 15 miles • Population: 1,836,047 • Total Households: 746,469 • Avg. Household $: $77,312 • Median Age: 35.2 yrs *Source: ESRI 2013 Rosedale Center Fun Facts • There are more than ten colleges within 10 miles of Rosedale Center representing more than 120,000 students • 14 million visitors annually Mall In A Minute – NORTHTOWN MALL Owned and Managed by Glimcher Realty Trust Built by the Robert Muir Companies in 1972 Home to 80+ Retailers, and growing Anchored by Herberger’s, Best Buy, Burlington, Becker Furniture, LA Fitness, Home Depot, and coming soon, Hobby Lobby Serves a demo of 286K consumers with an average HH income of $84K 5.5 million annual customer visits Mall In A Minute – NORTHTOWN MALL Change Has Been Our Only Constant All of our anchor stores are under ten years old 85% of our retailers are new or have been remodeled in the last five years Glimcher is actively marketing our outparcels for sale or lease and are looking for great partners! Mall In A Minute – NORTHTOWN MALL FUN FACT: Robert Muir grand-opened Northtown Mall with Hollywood pals Ernest Borgnine and singer Peggy Lee (Dudes - they were seriously cool at the time) The Ridgedale Shopper Average Age 37.7 Population 774,706 Households 311,229 % HH Earning $100K+ 32% Avg. HH Income $93,619 % Pop 25+ with Bachelor’s 43% Degree or Higher New Store Openings Ridgedale Drive Improvements • Size: 372,000 sf • Location: I-94/I-694 & Hemlock Lane in Maple Grove • Located in the Arbor Lakes retail area which offers approximately 2M sf of retail space • Recent Leasing Activity: • Whole Foods opened July 2013 • Patrick’s Restaurant & Bakery opened January 2014 • Glitz Gowns opened January 2014 • Cost Plus World Market opening June 2014 • Punch Pizza opening Summer 2014 • F21 Red (Forever 21) concept opening Summer 2014 • VOM FASS opening Summer 2014 • Victoria’s Secret/Pink relocation/expansion opening Summer 2014 Fun Fact: Construction is underway in the Trader Joe’s/Whole Foods/Cost Plus World Market parking lot to increase capacity by 15% and improve the layout to reduce congestion. Meet the Mall Managers – Shopping Center Secrets from the Sources! Presenters: Maureen Hooley Bausch – Triple Five Group, Mall of America Jodi Settersten Coyer – CBL & Associates Properties, Burnsville Center Nancy Litwin – Cypress Equities, Eden Prairie Center Chad Macy – JLL, Rosedale Center Paula Mueller – Glimcher Properties, Northtown Mall Joan Suko – General Growth Properties, Ridgedale Center Jennie Zafft – UCR Asset Services, The Shoppes at Arbor Lakes Moderator: Mike Sims, Mid-America Real Estate – Minnesota, LLC.