The Shops at Ithaca Mall 40 Catherwood Road, Ithaca, NY TheShopsatIthacaMall.com

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1 The Shops at Ithaca Mall 40 Catherwood Road, Ithaca, NY TheShopsatIthacaMall.com

2 Center Overview The Shops at Ithaca Mall is the dominant enclosed shopping center in the Tompkins and Cortland County region. The property satisfies the area s upscale and moderate priced clientele as well as the market s student population. Anchored by Sears, Target and BonTon, the center hosts national retailers Best Buy, and Dick s Sporting Goods. In 2011, The Shops at Ithaca Mall began construction of a BJ s Wholesale Club. The Club opened in 2012, and is the only wholesale club within a 1 hour radius of The Shops at Ithaca Mall. In 2007, The Shops at Ithaca Mall built a 14 screen, stadium seating Regal Cinemas theater with digital surround sound. The theater is the largest and most modern in Tompkins County. Situated in the junction between the two most highly trafficked routes, the Mall is easily accessible to the approximately 55,000 vehicles passing daily. The center is surrounded by institutions for higher education. The five nearby colleges boast a combined population of close to 40,000 students.

3 Location & Accessibility Within the Finger Lakes Region The Shops at Ithaca Mall is nestled in the heart of New York State s Finger Lakes; a region known for its recreation, wineries and gorges. Surrounded by Higher Education The area is home to 5 colleges, including Cornell University, the largest Ivy League school, and Ithaca College. At a Highway Junction The Shops at Ithaca Mall is situated in the junction between NYS Route 13 and North Triphammer Road. Traffic count of these two roads averages 54,590 vehicles daily. Easy Airport Access Ithaca Tompkins Regional Airport is located 1 mile from the center. With daily service to major United States cities, the airport serves more than 170,000 annually. Significant Bus Service The public transit system that serves the local community and the colleges in the trade area arrives at The Shops at Ithaca Mall up to 60 times per day. The Shops at Ithaca Mall *Oxford Economics Study *NYS Department of Motor Vehicles *Ithaca Tompkins Regional Airport Annual Report

4 Trade Area A significant portion of The Shops at Ithaca Mall s trade area is within the 30 mile radius around the center. This incorporates all of Tompkins County, as well as surrounding towns including Aurora, Ovid, Spencer, Cortland City, Homer and Moravia. The extended trade area stretches from the southern suburbs of Syracuse to the border of Pennsylvania near Elmira and Binghamton, New York. The trade area also extends as far west as Bath and as far east as Norwich, New York. The Ithaca trade area is serviced by a vast network of major highways and state roads, making accessibility quick and easy. These roadways include, but are not limited to, I-81, I I-86 (NYS 17), I-96, I NYS 13, NYS 34, and NYS 38. This network, when combined with The Shops at Ithaca Mall s central location, places the majority of customers within a 30 minute drive to the property. The Shops at Ithaca Mall Trade Area Primary Trade Area Total Trade Area Population 290, ,513

5 Customer Profile Primary Trade Area Total Trade Area POPULATION 290, ,513 HOUSEHOLDS 111, ,926 AVERAGE HH INCOME $70,471 $69,877 EMPLOYMENT Total Business Establishments 9,869 28,015 Total Daytime Employment 100, ,965 EDUCATION Some High School 10.6% 11.4% High School Graduates 31.8% 32.7% Some College - No Degree 16.6% 17.4% Associate's Degree 9.3% 9.8% Bachelor's Degree 14.0% 13.0% Graduate School 13.7% 11.1%

6 Retail Environment Home Depot Ave. Daily Traffic/08 17,960 Vehicles Wal-Mart Ave. Daily Traffic 19,500 Vehicles Route 13 Ave. Daily Traffic/08 28,860 Vehicles Triphammer Road Ave. Daily Traffic/08 25,730 Vehicles

7 Tenant Mix Anchored by Sears, Target, BonTon, Best Buy, Dick s Sporting Goods, Regal Cinemas and BJ s. Home to many national retailers, including Regal Cinemas, Old Navy, Gap, American Eagle, Radio Shack, Verizon, Bath & Body Wo Works rks, rks, Victoria s Secret, Kay Jewelers, Footlocker, AC Moore, Gertrude Hawk and more. The Shops at Ithaca Mall s Food Court was the first to open in an enclosed shopping center in the United States. Today it en enjoy joys joys continued success, with favorites such as Friendly s, Subway, Easy Wok, Arby s, Akashi Habachi & Sushi and Sicilian Delight Pizzeria.

8 Higher Education The Shops at Ithaca Mall is surrounded by institutions for higher education. College Enrollment Miles from Center Cornell University 20, (Grad & Professional) 6, Ithaca College 6, SUNY Cortland 7, TC3* 3, Wells College *Tompkins Cortland Community College 31% of Cornell s student originate from the Tri - State area. 17% are international students. McGraw Tower at Cornell University Football at SUNY Cortland Schoellkopf Stadium at Cornell University The local colleges bring economic stability, job security and a monetary boom to the area: Cornell's recent research expenditures totaled $605.3 million. The region s extremely vibrant economy is supported by the combined presence of Cornell University, the Ivy league institution and world class research facility, as well as Ithaca College. Ithaca inspires love at first sight. A city effervescent with youthful energy sits beneath hills crowned by the Cornell and Ithaca College campuses. Smart, talented and engaging people from around the world make amazing intellectual and artistic things happen here. The Ithaca College Towers

9 Economic Development and Regional Employment Rank Employer 1 Cornell University 2 Ithaca College 3 Sector Employees Miles from Center Private Education 14,410 1 Private Education 1,670 6 Cornell Business & Tech Park (93 companies) various 1,504 1 Labor Force Data November 2012 Tompkins County (Ithaca) Unemployment 5.4% National Unemployment 7.9% *United States Department of Labor, Bureau of Labor Statistics. 4 BorgWarner Automotive 5 The Shops at Ithaca Mall 6 Ithaca City School District 7 Cayuga Medical Center 8 Tompkins County 9 Wegmans Manufacturing 1, Retail Trade 1,200 0 Public Education 1, Health Services Local Government 760 n/a Retail Trade City of Ithaca Major Employer Outside Tompkins County Corning Incorporated Local Government 450 n/a Manufacturing 6, *Tompkins County Area Development Regional Employment: Private Education - 26% Retail trade - 11% Health Services - 10% Leisure & Hospitality - 8%

10 Tourism Ithaca named one of 19 Perfect Towns by Outside Magazine,, October 2011 The Finger Lakes Region is renowned for its beauty. The spectacular gorges, lakes and waterfalls make the area a recreational and tourism hot spot. Tourism in the Finger Lakes and Tompkins County: $2.6 billion generated in tourism annually. Ithaca listed as the #2 Best Green Places Country Home Magazine Ithaca named in the 100 Great Escapes: Top 10 Trips," Travel & Leisure Magazine,, March/April Ithaca named "America's 5 Best Mountain Biking Towns" Bike Magazine, June Tompkins County is home to 3 gorge parks; of which there are only 6 within the entire state of New York. Taughannock Falls is 215 feet high, a greater vertical drop than Niagara Falls. Cayuga Lake was selected as one of the top 10 bass fishing lakes by Sports Afield Magazine. The region s climate supports not only the growth of hardy native grapes and premium hybrids, but also delicate varieties such as Riesling and Pinot Noir. This has fostered a lively wine market with an international reputation; Cayuga Wine Trail itself has 16 acclaimed wineries. New York State is the second ranked wine producing state in the United States behind only California. Ithaca is located near many area attractions, including: The New York State Fairgrounds Corning Museum of Glass Museum of the Earth Cornell Lab of Ornithology Watkins Glen International Raceway National Women s Hall of Fame Glenn Curtiss Museum of Aviation National Warplane Museum National Soaring Museum As well as hundreds of festivals, fairs and special events.