1. Springfield Town Center
Eric Christensen, CSM

2. Retail Apocalypse is a Myth
Retail sales grew by $121.5 Billion in the 1st 7 months of 20171*.
29% of the growth came from online sales1*.
Amazon accounted for 13.9% of the total growth1*.
Retail sales in the first quarter of 2017 increased 4.1% over the first quarter of 20161*.
1* :IHL Group

3. The Retail Apocalypse is a Myth
Sectors Growing
Convenience Store/Gas +8.4%
DIY & Home Goods +6.8%
Furniture +3.8%
Cosmetics and Vitamins +4%
Restaurants +3%
Sectors in Decline
Sporting Goods -8.1%
Department Stores -4.3%
Electronics -1.3%
Clothing -1%
1* :IHL Group

4. Who are we now?

5. Who are we now? Springfield Town Center The Mall Dining Entertainment
More than 150 Tenants
STC opened 10/17/14 at about 55% Occupancy
By the end of 2018 we will be 95% occupied
Dave & Busters
Regal Cinemas
6 full Serve Restaurants
2 (3 in 2018) Fast Casual
9 Food Court Tenants
Reported sales have increased 31% (Nov’ 2014 vs Nov’ 2016)

6. What will we be?

7. Future of Springfield Town Center

8. What will we be? Residential Hospitality
Office
ENTERTAINMENT
DINING
SHOPPING
Entitled for 4M+ additional GFA
Town Center Amenities will include swimming pools, park space, and a day care.