Toledo Market OverviewICSC 2013 Ohio/West Virginia/Indiana/Western Pennsylvania

Idea ExchangeAugust 2013

Presented By: Aaron J. WiensBroker, Leasing and Development, Tolson Enterprises

6591 W Central Avenue, Suite 100, Toledo, OH 43617 www.tolsonenterprises.com

Toledo

Market Fast FactsPopulation• 287,000 in the City of Toledo• 650,000 residents in the Toledo MSA• 1,275,000 in the NW Ohio region

Major Employers• ProMedica Health System• Mercy Health Partners• Bowling Green State University• University of Toledo• UT Health Science Campus(Hospital) • 3 Fortune 500 companies

Regional Draws• New Hollywood Casino, Westfield Franklin

Park Mall, Toledo Mud Hens, Toledo Walleye, New Huntington Center Arena, Toledo Zoo, and the Toledo Museum of Art.

Overall Market Map

The Story

Estimated 90% of all new retail and restaurant development in the “C”

New Projects

3

4

56

2

1 1. Kroger Expansion2. Secor Village Redevelopment3. Art Van Furniture3. New Kroger4. New Kroger5. Proposed Costco 5. New Retail Development6. New Retail Development

• 13 Acre Former Cinema Site• Planned $25 Million Redevelopment• Mixed Use of Hotel/Restaurant/Retail• Hampton Inn has been announced

Leasing Contact is Jon Roumaya and Martin Yousif at Essex Realty Company

• 14 Acre Former Cinema Site• 90,000 SF Art Van Store

• New 124,000 SF Kroger Marketplace to fill a former Farmer Jack Grocery Store

• Kroger will close Spring Meadows and South McCord stores in 2014.

• Two former Maumee car dealership sites• New 86,000 SF Kroger under construction

• Proposed 150,000 SF Costco Site• 30 Acre former horse farm• Property is listed by Steven Lennex

of Lennex Realty Co.

• Planned retail development on the hard corner across from the proposed Costco

• .84 Acres site for retail and restaurant use• Property is being developed by Steven Speranza

and Aaron Wiens of Tolson Enterprises

• Phase II available Fall 2013• Phase III available for ground lease or BTS• New retailers include Vitamin Shoppe and

Gamestop

• Property is developed by Diverse Development

• Leasing contact is Ken Hicks

2013/2014 Retailers Expanding• Kroger• Costco• Planet Fitness• Walgreens• CVS• Dollar Tree• Dollar General

• Hot Head Burrito• Five Guys• Barry’s Bagels• Potbelly Subs• Lady Jane’s• Great Clips• Pizza Hut

Summary

Other Notes• ProMedica has started construction on their planned north

Campus which included a revamped 475 interchange. They have also purchased 131,000 SF 11 acre Starlight Plaza from Brixmor to redevelop into offices.

• Chrysler is in process of a $500 million upgrade as the Grand Cherokee orders are surpassing production.

• University of Toledo and Bowling Green State University continue to expand their reach and services through development.

• The City of Toledo has rebounded from a $48 million deficit and will now have an estimated $5 million budget surplus.

• Industrial absorption has increased and asking lease rates are up 3.3% over last year.

Toledo is Back in Business