1,280,053 square feet of retail space more than 150 specialty shops and restaurants multi-million dollar renovation

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LLOYD CENTER Portland s Lloyd Center opened in 1960 to widespread acclaim as the nation s largest mall with 1.2 million square feet of retail space and 100 stores.

3 LLOYD CENTER Portland s Lloyd Center opened in 1960 to widespread acclaim as the nation s largest mall with 1.2 million square feet of retail space and 100 stores. Designed by John Graham, the architect of Seattle s Space Needle, the mall was also the first in the nation to feature an ice skating rink. Today, the now enclosed super-regional mall offers 1,280,053 square feet of retail space and is anchored by Macy s, Barnes & Noble and Sears. The mall has more than 150 specialty shops and restaurants, and recently began a multi-million dollar renovation, which will showcase new restaurant, big box, and shop space opportunities.

4 PORTLAND 8th consecutive appearance, 4th year as only mainland U.S. city on Monocle s Top 25 Quality of Life List Monocle Magazine, 2014, 2015, 2016, 2017 Just 1.5 hours to ocean beaches, Columbia River Gorge and world-class winter playgrounds One of America s Fittest Cities 76% of residents enjoy regular exercise ACSM American Fitness Index, 2016 #2 in attracting and retaining college-educated people New York Times, 2014 King of Bike Commuting 7.2% of Portlanders bike to work CNN, U.S. Census

5 Over 300,000 Riders per day on bus, light rail and street car systems Tri-Met, Portland Streetcar Footwear Mecca Home to Nike, Adidas North America, Columbia Sportswear, KEEN Footwear, Under Armour Design Center, Mizuno Runner USA design center, Sseko, Hi-Tec Sports USA, FYZ Footwear, Korkers Footwear and Danner Boots 19,500 Employees at Intel at the company s largest site in the world Ranked 7th in Hottest Single Family Housing Markets for Winter 2017, ranking higher than Seattle, Denver, and Salt Lake City Ten-X #10 Best Big Cities for Jobs & #16 America s Fastest Growing Cities Forbes, 2016

MARKET Lloyd Center s trade area includes downtown and the Pearl District, as well as the Overlook/University Park, Alameda, Irvington, Boise-Eliot, and Hollywood Neighborhoods.

There are 360,495 residents and 367,421 employees working at 27,045 businesses in Lloyd Center s trade area.

Lloyd Center also pulls customers from Southwest Washington who are looking to escape Washington s sales tax. The closest Macy s and Barnes & Noble to Vancouver are located at Lloyd Center.

6 MARKET Lloyd Center s trade area includes downtown and the Pearl District, as well as the Overlook/University Park, Alameda, Irvington, Boise-Eliot, and Hollywood Neighborhoods. Lloyd Center is the only anchored, enclosed mall in this trade area and is situated in the heart of the Portland metropolitan market. There are 360,495 residents and 367,421 employees working at 27,045 businesses in Lloyd Center s trade area. Within the trade area there are nine bridges carrying motor vehicles (10 including transit-only) to the west side of Portland, allowing Lloyd Center to capture this lucrative market. Lloyd Center also pulls customers from Southwest Washington who are looking to escape Washington s sales tax. The closest Macy s and Barnes & Noble to Vancouver are located at Lloyd Center. The Lloyd District, bound by Interstate 5 to the west, Interstate 84 to the south, NE 15th Avenue to the east, and NE Broadway to the north, has more than 2.6 million square feet of office space. Additional activitygenerators in the district include the Moda Center, home to the Portland Trail Blazers (NBA), Winterhawks (Western Hockey League), and Steel (Arena Football League), and the Oregon Convention Center.

35% of Portland s job growth between 2000 & 2014 was in the Central Eastside Industrial District 62.25% increase in average household income since 2000 within one mile of Lloyd Center 16.

7 35% of Portland s job growth between 2000 & 2014 was in the Central Eastside Industrial District 62.25% increase in average household income since 2000 within one mile of Lloyd Center 16.48% population growth since 2000 within one mile of the center The Oregon Convention Center welcomes over 600,000 attendees each year, generating over $729 million in spending The Moda Center hosts more than 1.2 million visitors per year with Trail Blazer (NBA), Winterhawk (WHL) and Steel (AFL) games, in addition to concerts and other event attendance

8 Area Statistics 1 Mile 3 Miles 5 Miles Trade Area Population 23, , , ,495 Projected Population ( 21) 25, , , ,373 Estimated Households 12, , , ,935 Median Age Bachelor s Degree % 60.5% 53.9% 50.2% Average Household Income $76,817 $80,388 $79,746 $75,937 Median Household Income $53,437 $55,214 $55,445 $53,488 Area Businesses 2,885 20,113 28,758 27,045 Daytime Population: Workers 42, , , ,421 Median Home Value $480,758 $397,723 $351,846 $310,257 * 16 data, unless specified

in Portland s history, added 657 residential units to the Lloyd District and

Oregon Square site along with a large, pedestrian-only public plaza 3.

area, tripling the residential population of the Central Eastside 5.

9 APARTMENT MARKET 1. Hassalo on Eighth, which opened in Fall 2015 as the largest mixed-use development in Portland s history, added 657 residential units to the Lloyd District and features 1,200 bicycle parking spots, creating the largest bike storage facility in North America 2. Phase II of the Hassalo on Eighth project will add 1,030 residential units to the Oregon Square site along with a large, pedestrian-only public plaza 3. The Lloyd Superblock mixed-use redevelopment will add 677 residential units to the Regal Cinemas site 4. The Burnside Bridgehead project is adding 800 residential units in a 3-block area, tripling the residential population of the Central Eastside 5. Block 45 is a proposed 13-story apartment building along NE Grand Avenue with 264 residential units *red parcel outlines indicate additional residential developments proposed & under construction 6. The Sullivan s Gulch Apartments will add 182 residential units to NE Multnomah Street in 2017

ACCESSIBILITY Lloyd Center is located one mile east of Portland

(177,400 cars per day), I-5 (124,000 cars per day), MAX

Portland Streetcar (6,992 riders per weekday on A & B Loops).

Oregon Across the street from Lloyd Center MAX and Portland

10 ACCESSIBILITY Lloyd Center is located one mile east of Portland s Central Business District and is easily accessible by I-84 (177,400 cars per day), I-5 (124,000 cars per day), MAX Lightrail (8,585 weekday riders on/off at Lloyd stop), and the Portland Streetcar (6,992 riders per weekday on A & B Loops). 10 minutes from Vancouver, WA No Sales Tax in the state of Oregon Across the street from Lloyd Center MAX and Portland Streetcar stops 17 bus stops surrounding the mall 5,500 parking spaces on site (4.29:1,000)

11 THE NEW LLOYD CENTER Newly re-imagined, Lloyd Center is undergoing major changes to enhance the shopper experience and to add to the ongoing renaissance of the Lloyd District. Some of the enhancements include the renovation and activation of Holladay Park and a mall exterior and interior remodel.

12 Lloyd Center Master Plan

13 Renovation Highlights Grand New Entrance Southwest Box Repositioning Interior Renovation Holladay Park Programming

14 Grand New Entrance The grand new entrance, west of Macy s facing Multnomah Street, features a unique and modern facade with wood details, a green wall and an all-glass vestibule, showcasing the addition of Lloyd Center s iconic spiral staircase. New street-facing retail and restaurants will add new life to the primary entry into historic Lloyd Center.

Southwest Box Repositioning With the acquisition of the Nordstrom box, Lloyd Center will

Wood accents will enhance the exterior facade of the center, along with spacious windows,

The former Southwest Box space will be transformed into a custom concept, specifically

15 Southwest Box Repositioning With the acquisition of the Nordstrom box, Lloyd Center will reface the exterior of the building. Wood accents will enhance the exterior facade of the center, along with spacious windows, highlighting Lloyd Center s fresh tenant mix. The former Southwest Box space will be transformed into a custom concept, specifically tailored to the new Lloyd Center. The Southwest Box offers over 130,000 square feet of retail space on three levels. The space is divisible wth anchor, restaurant and shop space opportunities available.

16 Interior Renovations Inside, Lloyd Center has received a total remodel, with new ground floor retail space and wood accents continuing throughout the interior. A refreshed food court now looks down upon the reconfigured ice rink. New flooring, furniture, fixtures and amenities are displayed throughout the new Lloyd Center.

17 Holladay Park Programming This 4.34-acre green space lies between the mall and the Lloyd Center MAX light rail station to the south. The park hosts community programs and has amenities such as bike racks, Wi-Fi, and more. Current activities include group fitness sessions, ping pong, chess, evening movies, family programs, and musical performances.

18 First Level

19 Second Level

20 Third Level

Leasing Information Arrow Retail Steven Neville steve@newneville.

com New & Neville Real Estate Services 900 SW 13th Avenue, Suite 210 Portland, Oregon 97205 503.

com Arrow Retail is an independent, national investment manager focused exclusively on the retail

The Arrow team is a proven direct operator with expertise in acquisitions, asset management,

Arrow focuses on revitalizing existing retail properties to reconnect them to the needs of

21 Leasing Information Arrow Retail Steven Neville Natalie Butler Austin Cain New & Neville Real Estate Services 900 SW 13th Avenue, Suite 210 Portland, Oregon Arrow Retail is an independent, national investment manager focused exclusively on the retail property sector. The Arrow team is a proven direct operator with expertise in acquisitions, asset management, leasing, property operations and legal/finance. Arrow focuses on revitalizing existing retail properties to reconnect them to the needs of consumers and the communities they serve. Arrow Retail has invested throughout the country in over 8 million square feet of retail properties including mall, lifestyle, community and power centers. These investments have totaled over $1.5 billion of retail property investments in the last eight years. Matt Lukas, Director, Leasing matt.lukas@arrowretail.com

5,456 SF Development Site at Burnside Bridgehead

OFFERING MEMORANDUM 5,456 SF Development Site at Burnside Bridgehead 205-207 NE Martin Luther King Jr. Blvd., Portland, OR Executive Summary The subject offering consists of 5,456 SF of Central Employment