The Promenade Bolingbrook Bolingbrook, (Chicago) Illinois

The Promenade Bolingbrook

The Promenade Bolingbrook Bolingbrook, (Chicago) Illinois

Imagine a village that’s diverse, green, family-friendly, yet easily accessible to the wonders of the city — that’s Bolingbrook, Ill. And The Promenade Bolingbrook is its downtown, appealing to a growing number of local residents and neighboring communities through its many access roads.

Lushly landscaped, home to a winning combination of national and local retail and restaurants, and an iPic Theaters, The Promenade Bolingbrook is the picture-perfect downtown for the picture-perfect family community.

10 MILES

CHICAGO, IL

NAPERVILLE, IL

SCHAUMBURG, IL

TINLEY PARK

JOLIET, IL

THE CENTER The Promenade BolingbrookTHE MARKET STARWOOD

• Open-air lifestyle center with office space

• The downtown for a growing family-oriented market

• Exceptional access via I-355 and I-55

• Rare LEED certified lifestyle center

Property Description

major roads I-355 & I-55

total sf 778,000

# of stores 73

# of parking 3,600

center description Open-air, lifestyle center

anchors Macy’s, Bass Pro Shops, iPic Theaters, Barnes & Noble

key tenants Coach, Pandora, C’zar Aveda Lifestyle Salon & Spa, Bar Louie, H&M, Forever 21, Mago Grill & Cantina, Ted’s Montana Grill, Francesca’s at the Promenade, Charming Charlie, Gordon Biersch Brewery & Restaurant

THE CENTER The Promenade BolingbrookTHE MARKET STARWOOD

Bolingbrook: among “Best Places to Live” in US — Money Magazine

THE CENTER The Promenade BolingbrookTHE MARKET STARWOOD

• Blends retail, dining and entertainment

• Destination shoppers from a growing community

• Varied retail mix serves multiple markets and tastes

• Restaurants with cuisines that span the globe

Choices for Multiple Audiences

30 miles southwest of downtown Chicago

High visibility to more than 114,000 cars daily on I-355

Close to Metra – the fourth busiest commuter rail system in the US, offering quick access to Chicago

Spans Will and DuPage Counties, two of the top five most populous counties in Illinois

Includes 40,000 square feet of fully occupied office space

Stunning visual enhancements in a beautiful outdoor setting

THE MARKET The Promenade BolingbrookTHE CENTER THE MARKET STARWOOD

• Growing residential market of families

• Trade area boasts average household incomes of $114,500 with over 40% of households earning $100,000+

• Award-winning schools

A Growing Market: A Place to Grow

High home ownership: 80% vs 65% nationally

20% of housing starts and buildable lots are in Will County, tops in Chicagoland

New development of 300 luxury apartments adjacent to property

Nearly 64% of trade area households shop The Promenade Bolingbrook

$115,000 average shopper income

59% of shoppers have children at home

High purchase incidence of 94%

Average spend per visit exceeds $100

• More than 110,000 people live or work within three miles

• Top Chicago region for housing starts

• Strong hotel base draws domestic and international visitors

• Annual consumer expenditures are well above US

Primary Trade Area Average Household Expenditures

$2,988 on food away from home, 19% above US

$2,379 on apparel, 21% above US

$1,174 on personal care products and services, 20% above US

$744 on home furnishings, 18% above US

$1,081 on sports and recreation, 25% above US

THE MARKET The Promenade BolingbrookTHE CENTER THE MARKET STARWOOD

30,100 AADTBoughton Road

12,900 AADTJanes Avenue

141,100 AADT

I-55

114,300 AADT

I-355

3 MILES

Downtown Naperville CHICAGO MIDWAY AIRPORT

NAPERVILLEBURR RIDGE

BOLINGBROOK

OAK BROOK

Louis Joliet Mall

Yorktown CenterOakbrook Center

The Promenade Bolingbrook

LISLE

LEMONT

Fox Valley Mall

ORLAND PARKPLAINFIELD

THE MARKET The Promenade BolingbrookTHE CENTER THE MARKET STARWOOD

Distance to Competition

Downtown Naperville Driving – 9 mi, 20 min

Fox Valley Mall Driving – 12 mi, 26 min

Louis Joliet Mall Driving – 14 mi, 26 min

Oakbrook Center Driving – 14 mi, 21 min

Yorktown Center Driving – 11 mi, 21 min

The Promenade Bolingbrook is the only regional shopping destination in the primary trade area.

Legend Primary Trade Area

Secondary Trade Area

Competition

Access Roads

(AADT= annual average daily traffic)

I-55I-355

I-55

ULTA (HQ)WeatherTech

AMITA Health Adventist Hospital

3 MILES

Salisbury by Honeywell

Navistar International (HQ)

Argonne National Lab (HQ)

Lewis University

Benedictine University

The Promenade Bolingbrook

NAPERVILLE

BURR RIDGE

BOLINGBROOK

OAK BROOK

LISLE

LEMONT

ORLAND PARK

PLAINFIELD

THE MARKET The Promenade BolingbrookTHE CENTER THE MARKET STARWOOD

Area Attractions

Award-winning Bolingbrook Golf Club

Centennial Beach

Drury Lane Theater and Conference Center

DuPage Children's Museum

Hidden Lakes Park

Illinois Aviation Museum

Rocket Ice Arena

Performing Arts Center

Colleges

Lewis University

Benedictine University

Combined enrollment: 8,400

Legend Primary Trade Area

Secondary Trade Area

Colleges

Key Employers

THE MARKET The Promenade BolingbrookTHE CENTER THE MARKET STARWOOD

Demographics PTA1 STA2 TTA3 US Avg

Population 2017 estimate 471,115 638,330 1,109,445

2022 projection 473,543 655,935 1,129,478

% growth 2017–2022 0.5% 2.8% 1.8% 3.8%

PopulationBy Race

White 73% 79% 76% 70%

Black 10% 6% 8% 13%

Asian 8% 9% 8% 6%

Hispanic Ethnicity 18% 11% 14% 18%

Median Age 38 39 39 38

% age 15-24 14% 14% 14% 14%

% age 25 to 44 25% 24% 24% 26%

% age 45 to 64 28% 28% 28% 26%

Households 2017 estimate 164,298 222,749 387,047

2022 projection 165,455 228,292 393,747

2017 households with kids under 18 39% 41% 41% 34%

Average Household Income

2017 estimate $100,996 $124,381 $114,454 $80,853

% earning $100,000+ 37% 47% 43% 26%

2022 projection $108,111 $132,667 $122,348 $87,464

Education % college educated 67% 75% 72% 59%

1-MILE 3-MILE 5-MILE 10-MILE

Business & Employment

business establishments 321 2,554 7,138 36,433

daytime employment 5,202 34,623 87,423 463,927

Aggressive economic and residential expansion along I-355 corridor

Bolingbrook suburbs rank in the top 10 Chicago metro for total retail sales— Illinois Department of Revenue

Bolingbrook retail sales outpaced other Chicago suburbs, exceeding pre-recession levels since 2012— Illinois Department of Revenue

DuPage and Will counties rank in the top 20 in Illinois for social and economic well-being— County Health Rankingsh and

Roadmap Program

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

THE MARKET The Promenade BolingbrookTHE CENTER THE MARKET STARWOOD

Predominant Market Lifestyle Segments

Young Achievers & Accumulators—12%• Married, upper-middle

class families with children• Tech savvy singles and

couples • Mix of mid-career,

professional and managerial jobs

• Enjoy the outdoors and entertainment activities

• Favor team sports and kid-friendly technology

Accumulated Wealth—32%• Families & couples age 50+• Upscale, college-educated

baby boomers• Sprawling suburban homes• Disposable cash and

sophisticated tastes• Enjoy top-of-the-line

electronics, sporting equipment, cars and vacations

Affluent Empty Nesters—24%• Upscale couples age 45+

with children• College-educated, holding

executive and professional positions

• Disposable cash with active lifestyles

• Involved in the community• Indulge in travel, cultural

events, and exercise equipment

Conservative Classics—11% • Upper-middle-class age 55+• Childless singles and couples• College-educated • Enjoy comforts of home,

gardening, reading, and entertaining

• Frequent patrons to museums, the theater, and casual-dining restaurants

STARWOOD The Promenade BolingbrookTHE CENTER THE MARKET

Mark Salman / Director, Leasing / 312.265.2231 / msalman@starwoodretail.com

Bill Cikalo / Director, Big Box Leasing & Development / 312.283.5121 / bcikalo@starwoodretail.com

Jake Miller / Senior Associate, National Restaurant and Entertainment Leasing – Central / 614.256.7385 / jmiller@starwoodretail.com

Bryant Siragusa / Vice President, National Restaurant and Entertainment Leasing / 214.771.2003 / bsiragusa@starwoodretail.com

Naumann Idrees / Vice President, Leasing – West / 312.265.7046 / nidrees@starwoodretail.com

Michael Powers / Senior Vice President, Leasing / 312.242.3208 / mpowers@starwoodretail.com

Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com

California Metreon Northridge Mall Parkway Plaza Plaza West Covina Solano Town Center

Colorado Belmar

Connecticut Blue Back Square

Florida The Mall at Wellington Green Westland Mall

Georgia The Collection at Forsyth

Illinois The Arboretum of South Barrington Chicago Ridge Mall Louis Joliet Mall The Promenade Bolingbrook

Indiana Southlake Mall

Kentucky Hamburg Pavilion

Michigan Fairlane Town Center The Mall at Partridge Creek

Montana Rimrock Mall

Nebraska Gateway Mall

North Carolina Northlake Mall

Ohio Belden Village Mall Franklin Park Mall Great Northern Mall SouthPark Mall

Texas The Shops at Willow Bend

Virginia MacArthur Center Stony Point Fashion Park

Washington Capital Mall Kitsap Mall

Sources: The Nielsen Company; State Department of Transportation; State and Local Economic Development Resources

11/29/17

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.