Trust our retailntelligence - TENANT REPRESENTATION SERVICES OVERVIEW Prepared for

Page created by Evelyn Bowers
 
CONTINUE READING
Trust our retailntelligence - TENANT REPRESENTATION SERVICES OVERVIEW Prepared for
TENANT REPRESENTATION
    SERVICES OVERVIEW
    Prepared for

Trust our retailntelligence.
Trust our retailntelligence - TENANT REPRESENTATION SERVICES OVERVIEW Prepared for
LOCAL EXPERTISE.
                                                                                                                                    NATIONAL SUPPORT.
    we’retailntelligencexperts                                                                                                      GLOBAL PERSPECTIVE.
                                                                                                                                    We are a global organization under a single ownership structure, promoting consistent quality delivery in every
    Our clients call it better advice, better execution and the best results.                                                       market. This means that NASTY GAL will benefit from the advantages of our collective thought leadership and
                                                                                                                                    innovation every time JLL executes a transaction or delivers advisory or consulting services.
    We call it retailntelligence.
                                                                                                                           RETAIL BROKERAGE PLATFORM
                                                                                                                           United States | February 2016
    JLL Retail serves as the industry’s leader in retail real estate services. The firm’s more than 800 dedicated
    retail experts in the Americas partner with investors and occupiers around the globe to support and shape                                                                                                                                                                                       Michael Hirschfeld
                                                                                                                                                                                                                                                                                                    Sr Vice President | New York
                                                                                                                                                                                                                                                                                                                                                           Steve Ferris
                                                                                                                                                                                                                                                                                                                                                           Sr Vice President | Boston

    investment and site selection strategies. Our retail specialists provide independent and expert advice to                  Portland 1         Northwest                           WA
                                                                                                                                                                                                                                                        11 Chicago

    clients, backed by industry-leading research that delivers maximum value throughout the lifecycle of an               San Francisco 5
                                                                                                                                Seattle 4        10 Brokers                                                                        ND                                 Midwest                                                                              ME
                                                                                                                                                                                                                        MT
    asset or lease.                                                                                                                                                                                                                                                  15 Brokers                 1 Cincinnati
                                                                                                                                                                                                                                                                                                                                              VT
                                                                                                                                                                                 OR                                                                MN                                           1 Columbus
                                                                                                                                                                                                                                                                                                                                                    NH                 Boston
                                                                                                                                                                                                                                                                                                                                        NY                            1 Broker
                                                                                                                                                                                                      ID
                                                                                                                                                                                                                                   SD                                                                                                             MA
                                                                                                                                                                                                                                                                                                Great Lakes                                       CT
                                                                                                                                                                                                                         WY                                                                      3 Brokers
                                                                                                                                                                                                                                                                      WI             MI
                                                                                                                                                                                    Denver 1     Denver/
                                                                                                                                                                                                                                                                                                                            PA
                                                                                                                                                                                  Salt Lake 1   Salt Lake
                                                                                                                                                                                                2 Brokers                           NE
                                                                                                                                                                                                                                                    IA
                                                                                                                                                                                                                                                                                               OH                                            NJ           NYC
                                                                                                                                                                                                                                                                                                                                                       14 Brokers
                                                                                                                                                                                                                                                                                                                                   MD
                                                                                                                                                                                                                                                                           IL   IN                                                       DE

    NATIONAL RETAILER TRANSACTIONS
                                                                                                                                                                                                                UT
                                                                                                                                                                                                                                                                                                          WV

                                                                                                                                     Southwest
                                                                                                                                                                           CA                                                 CO                                                                                           VA
                                                                                                                                                                                                                                         KS
                                                                                                                                                                                                                                                          MO
                                                                                                                            LA 20                                                                                                                                                         KY

                                                                                                                                     26 Brokers
                                                                                                                        Phoenix 3                                                                                                                                                                                                                  Mid-Atlantic
                                                                                                                      San Diego 3                                                                                                                                                                                               NC                 4 Brokers
                                                                                                                                                                                                           AZ                                                                         TN
                                                                                                                                                                                                                                              OK                                                                                                         2 Washington, D.C.
                                                                                                                                                                                                                         NM                                  AR                                                     SC

                                                                                                                                                                                                                                                                                 AL              GA
                                                                                                                                                                                                                                                                           MS
                                                                                                                                      Jason Charms
                                                                                                                                      Associate | Los Angeles
                                                                                                                                                                                                                                        TX                   LA                                                                      Florida                         2 Miami
                                                                                                                                                                                                                                                                                                                                                                     5 Orlando

                                                                                                                                                                                                                        Texas                                                                                                      11 Brokers                        3 Tampa
                                                                                                                                                                                                       Austin 8
                                                                                                                                                                                                                                                                                                                                                                     1 Vero Beach

                       1.8M
                                                                                                                                                                                                       Dallas 7

                                                                   $438M                                      1,482                      Craig Killman
                                                                                                                                         Executive VP | San Diego
                                                                                                                                                                                                     Houston 5
                                                                                                                                                                                                  San Antonio 6      27 Brokers                               Atlanta 3     Southeast
                       SF (GLA)                                    Transaction Value                          Deals                                                                                                                                          Charlotte 2
                                                                                                                                                                                                                                                                                                                           FL

                                                                                                                                                                                                                                                               Mobile 4
                                                                                                                                                                                                                                                             Nashville 2
                                                                                                                                                                                                                                                                           14 Brokers
                                                                                                                                                                                                                                                              Raleigh 1
                                                                                                                                                                                   Hawaii
                                                                                                                                                                    Honolulu 4
                                                                                                                                                                                 4 Brokers
2                                                                                                                                                                                                                                                                                                                                                                    3
Trust our retailntelligence - TENANT REPRESENTATION SERVICES OVERVIEW Prepared for
PROPERTY INTELLIGENCE                                                                                   RETAIL TENANT REPRESENTATION SERVICES

       Our team of experts has extensive knowledge and market presence with a
       complementary background in disposition, management, leasing, marketing,
       development, project development, research and investment sales.
                                                                                                            CONFIRM STORE DESIGNATE                            DATA                 SITE SELECTION            LETTER OF               PRE-               EXECUTION &
       With JLL, you’ll get the best retail intelligence to devise a                                          MODEL       TRADE AREAS                        COLLECTION                PROCESS                 INTENT             CONSTRUCTION            POST-LEASE
       winning strategy. We offer a full array of retail services to meet                                   1                     2                      3                      4                      5                      6                      7

       your specific needs and to create impactful results.                                                     • Define goals        • Select optimal       • Provide comp         • Create               • Prepare and           • Advise and          • Prepare a
                                                                                                                                        trade areas            rent valuation         opportunities          negotiate               assist on             lease
                                                                                                                • Understand                                                                                 client-                 necessary
                                                                                                                                                               in designated          by leveraging                                                        execution
            ƒƒ Disposition Services                                                                              footprint:          • Supported GIS                                                        approved LOI            measures
                                                                                                                                                               trade areas            landlord                                                             package
                                                                                                                  rents,                research and                                                                                 with regard
            ƒƒ Property management                                                                                                                           • Relevant               relationships        • Submit client-                                conforming to
                                                                                                                  construction,         market                                                                                       to architect,
                                                                                                                                                               information to       • Market and             approved                                      client
                                                                                                                  space and             expertise
            ƒƒ Agency leasing                                                                                     business                                     assess                 research data          (LOIs) to the           project               standards
                                                                                                                                                                                                             site owner              manager               and track it
            ƒƒ Development services                                                                               terms                                        appropriate          • Schedule                                       and client            through the
                                                                                                                                                               sales, rent            market tours         • Review the              on final              approval
            ƒƒ Accounting & financial services                                                                                                                                        based on               terms of the            design,               process
            ƒƒ Property marketing                                           With JLL, you’ll get the best                                                                             preferred site
                                                                                                                                                                                      selection
                                                                                                                                                                                                             lease
                                                                                                                                                                                                           • Coordinate
                                                                                                                                                                                                                                     preliminary
                                                                                                                                                                                                                                     project
                                                                                                                                                                                                                                                         • Coordinate
            ƒƒ Research                                                     retail intelligence to devise                                                                             criteria               with client             budget and
                                                                                                                                                                                                                                     schedule
                                                                                                                                                                                                                                                           post-lease
                                                                                                                                                                                                                                                           activities to
            ƒƒ Specialty leasing & ancillary income                                                                                                                                                          and its legal
                                                                                a winning strategy.                                                                                                          counsel to
                                                                                                                                                                                                                                                           ensure
                                                                                                                                                                                                                                                           projects
            ƒƒ Investment sales & financing                                                                                                                                                                  ensure
                                                                                                                                                                                                                                                           remain on
                                                                                                                                                                                                             objectives
            ƒƒ Operations                                                                                                                                                                                    are met
                                                                                                                                                                                                                                                           track and on
                                                                                                                                                                                                                                                           schedule
            ƒƒ Project and construction management
            ƒƒ Tenant coordination
            ƒƒ Investment sales
            ƒƒ Receivership
            ƒƒ Acquisition due diligence

4                                                                                                                                                                                                                                                                          5
Trust our retailntelligence - TENANT REPRESENTATION SERVICES OVERVIEW Prepared for
SITE SELECTION IMPLEMENTATION                                                                                                                                           SAMPLE SAN FRANCISCO POTENTIAL SITES MAP
                                                                                                                                                                                              THE MARINA DISTRICT
    Our retail brokers will partner with Nasty Gal to implement the expansion plan. We are committed to understanding your short                                                            This trendy area has more of a neighborhood
                                                                                                                                                                                              vibe with less focus on apparel than Union
    and long-term goals. Our brokerage team will sit down with you to gain a more detailed, comprehensive understanding of                                                                     Square, but still a popular destination for
    your needs in order to create a customized plan to achieve your growth initiatives. As a proven leader in the retail industry,                                                         shopping, restaurants and nightlife. The fashion
                                                                                                                                                                                           that does appear on the street is more boutique
    JLL brings the experience, depth of services, brokerage network, flexibility and focus on finding the right locations to drive                                                         and local rather than national, but the Nasty Gal
                                                                                                                                                                                                           customer is there.
    value for your business.
                                                                                                                                                                                           Stores include Brandy Melville, Apple, Sephora,
                                                                                                                                                                                                MAC, Lululemon, Equinox, Soulcycle,
    Our brokerage services will include the following:                                                                                                                                                    Williams-Sonoma.

                                                                                                                                                                                             Rents are much more affordable than Union
        §§ Identify sites in alignment with Nasty Gal’s expansion plans and site criteria                                                                                                    Square (in the $80 - 120 PSF NNN range).
        §§ Collect, compile and present “Site Information Packages” to Nasty Gal’s leadership for review and consideration,                                                                                                                                                                                                                                                                                                                                                          UNION SQUARE
           including maps, aerials and demographic data as required                                                                                                                                                                                                                                                              JE   FFERSON
                                                                                                                                                                                                                                                                                                                                              STREET
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   239 GRANT AVE
                                                                                                                                                                                                                                                                                                                                                                            ST R E E T
                                                                                                                                                                                                                                                                                                                                                             P O IN T
        §§ Coordinate local site tours                                                                                                                                                                                                                                                                                                   NORTH                                                                                                                                       Currently Joe’s Jeans | 3,600 SF

                                                                                                                                                                                                                                                                                                                        LEAVEN
                                                                                                                                                                                                                       ARD
                                                                                                                                                                                                                 BOULEV
                                                                                                                                                                                             MARINA                                                                                                                                                                                                                                                                         (1,650 SF Ground; 1,650 SF LL; 300 SF Mezz)
        §§ Develop, negotiate, and execute Letters of Intent (LOI)

                                                                                                                                                                                                                                                                                            HYDE STRE
                                                                                                                                                                                                                                                                                                                                            C                                                                                                                                             Asking $425/PSF for Ground

                                                                                                                                                                                                        PIERCE ST

                                                                                                                                                                                                                                                                                                                          WORTH
                                                                                                                                                                                                                                                                   ET
                                                                                                                                                                                                                                                          BAY STRE                                                                              O
        §§ Assist Nasty Gal in any financial analysis and decision-making process                                                                              US 101
                                                                                                                                                                                                                                                                                                                                                    LU
                                                                                                                                                                                                                                                                                                                                                         M
                                                                                                                                                                                                                                                                                                                                                             BU
                                                                                                                                                                                                                                                                                                                                                                  S                                                                                                                           222 GRANT AVE

                                                                                                                                                                                                                                                                                                      ET

                                                                                                                                                                                                                                                                                                                                                                                                                  BATTER
                                                                                                                                                                                                                                                                              POLK S
                                                                                                                                                                                                                  REET
                                                                                                                                                                                                                                                                                                                                                                      A

                                                                                                                                                                                                                                                                                                                                STREET
                                                                                                                                                                                                                ET                     T                                                                                                                               V                                                                                                    Currently Modcloth Pop Up | 2,215 SF
    We have identified potential sites within two targeted markets: San Diego and San Francisco. The Bay Area has dedicated                                                                             UT STRE                                                                                                                                                            EN

                                                                                                                                                                                                                                                                                                         MOORE PL
                                                                                                                                                                                                 CHESTN                    R D ST R EE                                                                                                                                                                                                                                                   (between Coach & 7 for all Mankind)
                                                                                                                                                                                                                   LO M BA                                                                                                                                                      UE

                                                                                                                                                                                                                                                                                                                                                                                                                                         DAVIS
                                                                                                                                                                                                                                                                                                                                                                                                                         Y STREE
                                                                                                                                                                                                                                                                                    TREET
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Asking $400/PSF
    street retail corridors similar to Nasty Gal’s current locations in Los Angeles. For those trendy retailers that prefer not to be

                                                                                                                                                                                                                                                                                                                                                                            KEARNY
                                                                                                                                                                                                                                                                                                                                                                             GRANT
    in major regional malls, Union Square and The Marina are two of San Francisco’s top locations.

                                                                                                                                                                                                                                                                                                                                                                                                                                 T

                                                                                                                                                                                                                                                                                                                                                                                                                                               STREET
                                                                                                                                                                                                                                                                                                                  ACE
                                                                                                                                                                                                                                         STREET                                                                                                      T U N N EL                                                                                                                               55 STOCKTON ST
                                                                                                                                                                                                                                 UNION                                                                                                      C LE V Y
                                                                                                                                                                                                                                                                                                                        R O BE R T                                                                                                                                                  3,164 SF | (Neighboring tenants - Apple,

                                                                                                                                                                                                                                                                                                                                                                                   STREET
                                                                                                                                                                                                                                                                                                                                                                                   AVENU
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      A|X Armani Exchange, Crate & Barrel)

                                                                                                                                                                                                                                                                                                                                                                                                                                                                 ST
    Below is a breakdown of these two Bay areas with three potential Union Square sites notated on a sample map to the right.

                                                                                                                                                                                                                                                                                                                                                             SPROU
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Price TBD

                                                                                                                                                                                                                                                                                                                                                                                                                                                                 EU
                                                                                                                                                                                                                                                                                                                                                                                        STOCKTO

                                                                                                                                                                                                                                                                                                                                                                                                                                                 DAVIS ST
                                                                                                                                                                                                                                                                            US 101

                                                                                                                                                                                                                                                                                                                                                                                          POWELL

                                                                                                                                                                                                                                                                                                                                                                                                                                                                   A
                                                                                                                                                                                                                                                                                                                                                                                           E

                                                                                                                                                                                                                                                                                                                                                                                                                                                                       RT
                                                                                                                                                                                                                                                                                                                                                                                                                               BATTER
                                                                                                                                                                                                 DIVISAD
        ƒƒ UNION SQUARE (Comprised of Powell Street, Market Street, Geary Street, Stockton Street, Grant Avenue)

                                                                                                                                                                                                                                                                                                                                                                                                            M O N TG

                                                                                                                                                                                                                                                                                                                                                                                                                                                                            ST
                                                                                                                                                                                                                                                                                                           HYDE STRE

                                                                                                                                                                                                                                                                                                                                                              LE LAN

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    RE
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      ET
                                                                                                                                                                                                                                                                                                             LARKIN
             ƒƒ 239 Grant Avenue: Currently Joe’s Jeans – total 3,600 SF (ground 1,650 SF; LL 1,650 SF, Mezz 300 SF);

                                                                                                                                                                                                                                                                                                                                                                                                                                                          REET
                                                                                                                                                                                                                                                                                                                                                                                                                                     Y STREE
                                                                                                                                                                                                                                                                                                                                                                                                 N STREET
                                                                                                                                                                                                                                                                                                                                                                                                 STREET
                                                                                                                                                                                                   ERO STRE

                                                                                                                                                                                                                                                                                                                                                                     E
                                                                                                                                                                                                                                              WEBSTER

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         SP
                                                                                                                                        LOCUST

                                                                                                                                                                                                                                                                                                                                                                                                               OMERY
                 Asking $425 PSF NNN on the ground floor space

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              EA
                                                                                                                                                                                                                                                                                                                     ET
                                                                                                                                                                                                                                                                                                                                                          RE ET
                                                                                                                                                                                                                                                                                                                                                BU S H ST

                                                                                                                                                                                                                                                                                                                                                                                                                                             T

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   R
                                                                                                                                                                                                                                                                                                                       STREET
                                                                                                                                                                                                                                   ACE
                                                                                                                                                                                                                         PERINE PL

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   ST
                                                                                                                                                                                                                                                                      ET
                                                                                                                                                                                                                                                         PI N E ST RE
             ƒƒ 222 Grant Avenue: Former Lucky Jean’s and currently Modcloth Pop up store – 2,215 SF; $400 PSF NNN;

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           ERO
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      R EE
                                                                                                                                                                                                            ET
                                                                                                                                                                            LYON ST

                                                                                                                                                                                                                                                                                                                                                                                                                                                                       FR

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        T
                                                                                                                                                                                                                                                                                                                                                      TAYLO
                                                                                                                                         STREET IRIS AVENU

                                                                                                                                                                                                                                                                                                                                                                                                                                                                        EM
                                                                                                                                                                                                                                                STREET

                                                                                                                                                                                                                                                                            FRANK

                                                                                                                                                                                                                                                                                                                                                                                                                  ST R E E T
                                                                                                                                                                                                                                                                                                                                                       JONES

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          TH E EM BA RC AD
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                O
                 between Coach and 7 for all Mankind

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     N
                                                                                                                                                                                                                                                                                                                                         ST R E E T

                                                                                                                                                                                                                                                                                                                                                                                                    ET

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      T
                                                                                                                                                                                                                                                                                                              GEARY

                                                                                                                                                                                                                                                                  CLEARY

                                                                                                                                                                                                                                                                                                                                                                                                 RE
                                                                                                                                                                                                                                                                                                                                                            R STREE

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          ST
                                                                                                                                                                  MASO

                                                                                                                                                                                    REET

                                                                                                                                                                                                                                                                             LIN STR
             ƒƒ 55 Stockton Street: 3,164 SF; Pricing TBD; neighboring tenants include Apple, Disney, XXI Forever, A | X

                                                                                                                                                                                                                                                                                                                                                                                              ST

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             R
                                                                                                                                                                                                                                                                                                                                                               STREET

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   EE
                                                                                                                                                                                                                                                                                                                                                                                          ET

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   T
                                                                                                                                                                                                                                                       ARD
                                                                                                                                                                                                                                              BO U LE V

                                                                                                                                                                                                                         SCOTT

                                                                                                                                                                                                                                                                                                                                                                                      RK
                                                                                                                                                                                                   REET                                                                                                      EET                                                                                                                                                                              ET
                                                                                                                                                                                                                                   G EA R Y                                                        ELLIS STR
                 Armani Exchange, Crate & Barrel

                                                                                                                                                                                                                                                                                                                                                                    T
                                                                                                                                                                                           POST ST

                                                                                                                                                                                                                                                                                                                                                                                     A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         RE

                                                                                                                                                                                                                                                                                                                                                                                                                                     3R
                                                                                                                                                                                                                                                                    COURT

                                                                                                                                                                                                                                                                                     EET
                                                                                                                                                                   N IC A

                                                                                                                                                                                                                                                                                                                                                                                 M

                                                                                                                                                                                                                                                                                                                                                                                                            4T
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    ST

                                                                                                                                                                                                                                                                                                                                                                                                                                         D
                                                                                                                                                                                                                                                                                                                                          T R EE T

                                                                                                                                                                                                                                                                                                                                                                                                            H

                                                                                                                                                                                                                                                                                                                                                                                                                                             ST
                                                                                                                                                                                                                                                                                                                                   TURK S                                                                                                                                       T
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            N

                                                                                                                                                                                                                                                                                                                                                                                                                 ST
                                                                                                                                                           E

                                                                                                                                                                                                                                                                                                                                                                                                                                                  RE
                                                                                                                                                                                                                          STREET
                                                                                                                                                                                                                                                                                                                                                                                                                                                                       YA

                                                                                                                                                                                                                                                                                                                                                                                              5T

                                                                                                                                                                                                                                                                                                                                                                                                                    RE

                                                                                                                                                                                                                                                                                                                                                                                                                                                        ET

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     2N
                                                                                                                                                                         VENUE
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  BR

                                                                                                                                                                                                                                                                                                                                                                                                                        ET
                                                                                                                                                                                                                                                                                                                                                                                                 H
                                                                                                                                                                                                                                                                        V EN U E

                                                                                                                                                                                                                                                                                                                                                                            6T

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          D
                                                                                                                                                                                                                                                  ARD           G AT E A
                                                                                                                                                                                                                                          O U LE V

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               ST
                                                                                                                                                                                                                                                                                                                                                                                 H
                                                                                                                                                                                                                                                                                                                                                                                                                                         I 80

                                                                                                                                                                                                                                                                                                                                                                                                     ST
                                                                                                                                                                                                                                   TURK B             G O LD EN

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  R
                                                                                                                                                                                                                                                                                                                                                                                                        RE
                                                                                                                                                                                                                                                                                                                                                                                     ST

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   EE
                                                                                                                                                                                                                                                                                                                                                                                        R

                                                                                                                                                                                                                                                                                                                                                                                                            ET

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    T
                                                                                                                                                                                                                                                                                                                                                                                       EE
                                                                                                                                                                                                                                                                                                                                                                                         T
6                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                7
Trust our retailntelligence - TENANT REPRESENTATION SERVICES OVERVIEW Prepared for
SITE SELECTION IMPLEMENTATION                                                           CONT’D                                     FASHION VALLEY MALL MAP
    San Diego does not have a dedicated Street Retail corridor like those found in Los Angeles i.e. 3rd Street Promenade,
    Rodeo, Beverly, Robertson, Melrose, Abbott Kinney or the Bay Area like Union Square and Chestnut for example.

    Historically, the tenants who typically prefer locations on the streets and in the environment noted above and are also
    interested in the San Diego market, have found themselves in Simon’s Fashion Valley Mall. This is the main reason the sales
    for in-line tenants outside of the three major anchors, Nordstrom, Neiman’s or Bloomingdales, are north of $1,000/PSF. Even
    more impressive is the fact that this is only one of 30 malls in the country that perform at this high of caliber.

    Westfield is spending $400M on UTC Mall, which will include a brand new 165,000 SF prototype Nordstrom along with an
    additional 235,000 SF of inline shop space, restaurants and junior anchor tenants. Westfield’s goal is to effectively compete
    with Fashion Valley for the Tenants that want “one” location in San Diego, while also elevating to rarefied air of $1000+/PSF in
    sales (they are currently at $825/PSF).

    Below are just a few of the international, high street retailers located in Fashion Valley Mall and to the left is a mall map.

8                                                                                                                                                                9
TARGET AREA OVERVIEW MAP (BAY AREA)                                                                                                                                                    UNION SQUARE PEDESTRIAN TRAFFIC
                                                                                                                                                                                                                                                                            FINDINGS
                                                                                                                                                           KENSINGTON                                                          1337 N. Main St.     1556 Mt. Diablo Blvd.
                                                                                                                                                                                                                                                                            •   Within the study area, Powell Street between Market Street and Ellis
                                                                                                                                                                                                                                                                                Street consistently attracts the most pedestrians. 11,400 pedestrians
                                                                                                                                                                                                    1530 Olympic Blvd.
                                                                                                                                                                                                                                            WALNUT CREEK                        were recorded on that street during the busiest one hour period of the
                                                                                                                                                                                            CA 24                                                                               study. This figure dwarfs other high-volume pedestrian streets in San
                                                                                                                                         I 80                                                                                                                                   Francisco: It is almost double the number recorded on Market Street‘s
                                                                                                                                                                                                                                        I 680
                                                                                                                                                                                                                                                                                peak hour between 4th and 5th Streets.
                                                                POINT BLUNT ROCK
                                                                                                                                        I 80;I 580
                                                                                                                                                              BERKELEY                                    1540 Olympic Blvd.                       1450 Mt. Diablo Blvd.    •   The lowest pedestrian volumes for the study area were consistently
                                                                                                                                                                                                                                                                                recorded on Powell Street between Geary and Post Streets.
                                   SAUSALITO
                                                                                                                                                                                                                                                                            •   There is a significant drop-off in pedestrian volume on Powell Street
                                                                                                                                                                                                                                                                                north of O’Farrell Street – almost 25%.
                                                                                                                                                                                                                                                                            •   There is a large disparity between weekend and weekday volumes.
                                                2085 Chestnut St.                                                                                                          CA 13
                                                                                                                                                                                                                                                                                Weekends attract significantly more foot traffic than weekdays.
                                         NEEDLES                      3 LOCATIONS                                              OAKLAND                                                                                                                                      •   A significant number of pedestrians walking in the street were recorded
                                                                          150 Post St.
                                                                         150 Powell St.                                                                                                                                                                                         throughout the study area. There are three areas of particular note:
                                                                         845 Market St.
                            3322 Fillmore St.
                                                                     (INSIDE WESTFIELD SF CENTRE)                                                                                                                                                                               Powell between Ellis and O’Farrell Streets, Geary between Powell and
     SAN FRANCISCO                                                                                    2 LOCATIONS
                                                                                                                                                          I 980
                                                                                                                                                                                                                                                                                Stockton Streets, and Stockton between Geary and O’Farrell Streets.
                                                                                                         250 Post St.
                                                                                                    Market Street Space 217                                                 I 580                                                                                           •   Most streets were reasonably similar on both sides of the street
                                       CA 1                                                                                                                                                                                                                                     (exempting streets with non-commercial uses, like the edge of Union
                                                                                                              880 Market St.
                                                                                                                                                                                                                                                                                Square) except the East side of Stockton between Market and Ellis
                                                                                                                                                                                                                                                                                Streets, which had dramatically fewer pedestrians.
                                                                                                            80 Powell St.                                                ALAMEDA
                                                                                                                                                                                                                                                                            PEDESTRIAN TRAFFIC SNAPSHOT
                                                                            US 101
                                                                                                                                                                                                                                                                            This is a snapshot of the highest recorded hour of pedestrian volumes,
      Stonestown Galleria                                                                                                                            BAY FARM ISLAND                                                                                                        the weekend hour between 5:00 and 6:00 pm. The two southern blocks of
        3521 20th Ave.
                                                                                      I 280                                                                                                                                                                                 Powell Street exhibited by far the highest volumes. However, Powell Street
                                                                                                                                                                                    I 880                                                                                   numbers dropped off by almost 25% going north of O’Farrell Street. The
                                                                                                                                                                                                                                                                            lowest pedestrian volumes border Union Square Park on Powell and Geary
                                                                                                                                 SANTA CLARA
                                                                                                                                 Westfield Valley Fair
                                                                                                                                                                                                                                                                            Streets. The presence of the park invites pedestrians to walk through the
                                                                                                                               2855 Stevens Creek Blvd.                                                                                                                     park instead of along the edges. Pedestrian count totals on Stockton Street
                                                                                                                                    60 Miles South
                                                                                                                                                                                                                                                                            seem to be uniform, but side-of-street comparison reveals a large disparity
                                                    DALY CITY
                                                                                                                                                                                                                                                                            for the southern-most block.

10                                                                                                                                                                                                                                                                                                                                                        11
POWELL STREET COMPARISON                                                                                                                   KEY FINDINGS
     Powell Street is San Francisco’s premier pedestrian destination, and ranks high in pedestrian volumes compared to other world famous       There are different types of pedestrian traffic, some more likely than others to turn in to sales. For example, just as indoor malls may
     streets. The 000 block of Powell Street (between Market and Ellis Streets) had nearly double the recorded volumes on Market Street,         attract power walkers with limited interest in shopping, street retail environments also attract commuters on foot who prize a street
     and dwarfs the pedestrian volumes at other streets in San Francisco. Comparisons to Oxford Street and Times Square do not use the           environment that allows them to walk quickly. The project team used the survey of 70 randomly selected pedestrians and age and
     exact same hours, but are close enough for a broad comparison to Powell Street.                                                                        gender counts to understand who is and who is not visiting the Union Square business improvement district.

     WEEKEND       VS WEEKDAY
     The study area saw a more-than-double increase in foot traffic between the weekday and weekend. As a commercial district, it makes
     sense that most people would do leisure shopping on the weekend. But it suggests that the district has an opportunity to attract many
     more people to the area during the weekdays.
                                                                                                                                                     Approximately half of the survey respondents are from San Francisco, and another 27%
                                                                                                                                                                                        from the Bay Area.
     WALKING IN THE STREET
     A significant number of pedestrians walking in the street were recorded throughout the study area. Of particular note are:                                International tourists were the smallest percentage of survey respondents.
     POWELL BETWEEN ELLIS & O’FARRELL
     This section of Powell Street had an average of 153 pedestrians per hour walking in the street, and a high of 464 pedestrians during                            Almost half of the survey respondents arrived to the area on foot.
     one hour of data collection.
                                                                                                                                                                         Shopping was the number one purpose for visiting the area.
     UNION SQUARE GARAGE ENTRANCE & MACY’S ENTRANCE ON GEARY
     Over 350 pedestrians were observed crossing Geary Street midblock from Macy’s to the Union Square Garage during a one hour
     period. Among these were families with young children. The clear desire line is consistently more compelling to people than walking to
                                                                                                                                                                            There were more females than males in the study area.
     the end of the block to cross the street; this may in part be due to the crowded nature of crossing Geary Street at Powell and Stockton
     Streets.                                                                                                                                                      However, there is a noticeable drop in females at the 6:00 pm hour.
                                                                                                                                                                            90% of visitors are between the ages of 15-64.
     STOCKTON STREET BETWEEN O’FARRELL & GEARY STREETS
     Stockton Street, mid-block between O’Farrell and Geary Streets also had a high number of people crossing midblock (with over 300
     recorded in one hour). This may be driven by the natural desire line between Macy’s main store and their Men’s Store across the street.          The percentage of children and seniors in the area is below that of San Francisco as a
     Most streets were reasonably similar on both sides of the street. Besides the streets with non-commercial uses on one side (i.e., those
                                                                                                                                                                                             whole.
     bordering Union Square), the notable exception is Stockton Street between Market and O’Farrell Streets. The volume on the west side
     of the street is about two and a half times more than the east side. Market Street acts as a gateway to this segment of Stockton Street.
     Additionally, the underground BART and MUNI station is closer to the west side of this segment of Stockton Street. It is easier for
     pedestrians coming from the station to use the west side, rather than negotiating multiple crosswalk signals to get to the east side.

12                                                                                                                                                                                                                                                                                         13
TARGET AREA OVERVIEW MAP (SAN DIEGO)                                                                                                                                                                                                                 TARGET AREA DEMOGRAPHICS

                                                                                                                                                                                                                                               S A N F RA NC IS C O                                               B AY A R EA - WAL N U T C R EEK
                                                                WESTFIELD UTC                                                                                                                                            2015 DemographicSs              .5 Miles       1 mile         3 miles      2015 DemographicSs             .5 Miles       1 mile        3 miles
                                                                4545 La Jolla Village Dr.
                                                                                                                                                                            SAN DIEGO                                    Total Population                 28,680        135,095        482,342      Total Population                 3,009        15,201        100,277
                                                                                                 WESTFIELD UTC                                                                                                           Estimated Growth (2015-2020)     1.11%          1.13%          1.10%       Estimated Growth (2015-2020)     1.89%        1.09%          0.83%
                               WESTFIELD UTC                                                     4545 La Jolla Village Dr.
                                                                                                                                                          I 15
                               4545 La Jolla Village Dr.

                                                                                       I 805
                                                                                                                                                                                                                         Median Age                        42.4           38.4           38.7       Median Age                        38.1         39.0           46.4

                                                           I5
                                                                                                                                                                                                                SANTEE   Avg. HH Income                  $83,442        $87,826       $108,549      Avg. HH Income                  $92,864      $105,278      $123,570
                                                                                                                                                                                                                         Avg. Consumer                                                              Avg. Consumer
                                                                                                                                                                                                                                                        $44,596,762   $217,185,086   $865,140,618                                  $4,894,754   $25,168,642   $174,104,033
                                                                                                              CA 52                                                                                                      Spending Apparel                                                           Spending Apparel

                                                                                                                                                                                                                                       B AY A RE A - S A NTA C LA RA                                              S A N D I EG O - W EST F I EL D U TC
                                                                                                                        CA 163
                                                                                                                                                                                      PARKWAY PLAZA             CA 67
                                4516 Mission Blvd.                                                                                                                                     415 Parkway Plaza                 2015 DemographicSs              .5 Miles       1 mile         3 miles      2015 DemographicSs             .5 Miles       1 mile        3 miles
                                                                                                                                                                                                                         Total Population                  844          10,507         181,261      Total Population                 5,244        27,203        111,834
          4516 Mission Blvd.
                                                                                      FASHION VALLEY                                                                                                EL CAJON             Estimated Growth (2015-2020)     1.16%          0.81%          1.19%       Estimated Growth (2015-2020)     0.47%        0.76%          0.85%
                                                                                            7007 Friars Rd.              FASHION VALLEY
                                                                                                                                   7007 Friars Rd.                               LA MESA
                                                                                                                                                                                                                         Median Age                        27.0           29.7           33.9       Median Age                        36.3         31.9           32.3

                                                                                                                                            I8                                                                           Avg. HH Income                  $110,107       $95,076        $89,868      Avg. HH Income                 $100,863      $86,588        $90,551
                                                                                                                                                                                             CA 125
                                                                                                                                                                                                                         Avg. Consumer                                                              Avg. Consumer
                                                                                                                                                                                                                                                        $1,177,394    $10,252,684    $195,631,263                                  $6,802,470   $33,050,936   $127,728,278
                                                                                                                                    TWO LOCATIONS
                                                                                                                                                                                                                         Spending Apparel                                                           Spending Apparel
                                                                                                                                    FASHION VALLEY
                                                                             FASHION VALLEY                    SR 163
                                                                                                                                        7007 Friars Rd.
                                                                                                                                         3946 5th Ave.
                                                                                                                                                                                                                                      S A N DIE GO - FA S H ION VA LLE Y                                               S A N D I EG O - L A J O L L A
                                                                                 7007 Friars Rd.
     *Pedestrian counts are
                                                                                                                                                                                                                         2015 DemographicSs              .5 Miles       1 mile         3 miles      2015 DemographicSs             .5 Miles       1 mile        3 miles
     not available for San                                                                                                                           CA 15
     Diego county. Retailers                                                                                                                                                                                             Total Population                 3,385         20,225         189,173      Total Population                 8,245        22,632         85,913
     enter this market making                                             HARBOR ISLAND                                                                          CA 94
                                                                                                                                                                                                                         Estimated Growth (2015-2020)     1.19%          0.87%          0.95%       Estimated Growth (2015-2020)     0.68%        0.68%          0.71%
     their decision based on                                                                                                              665 5th Ave.

     the health/success/sales                                                                                                                                                                                            Median Age                        38.3           39.1           35.9       Median Age                        33.9         33.5           36.6
                                                                    NORTH ISLAND                                             I-5
     of other tenants in the                                                                                                                                                                                             Avg. HH Income                   76,042        $79,620        $70,138      Avg. HH Income                  $91,817      $98,044       $106,298
     center/primary area that                                             CORONADO                                                                               NATIONAL CITY
                                                                                                         SR 75
     they’re contemplating.                                                                                                                                                         CA 54                                Avg. Consumer                                                              Avg. Consumer
                                                                                                                                                                                                                                                        $4,999,732    $30,950,155    $210,260,012                                  12,709,351   $36,736,958   $139,793,802
                                                                                                                                                                                                  CA 125 Toll            Spending Apparel                                                           Spending Apparel

14                                                                                                                                                                                                                                                                                                                                                                 15
TENANT REPRESENTATION SERVICES                                                                                                  JLL GLOBAL RETAILER RELATIONSHIPS

                                                                                                                                        Aire Ancient Baths • Akris • Anya Hindmarch • Aqua Restaurant Group • Aquascutum

     JLL’s Retail Brokerage Team has decades of real world retail real estate intelligence and experience. You can leverage that   Audi • Aveda • Banana Republic • Bang & Olufsen • Bare Escentuals • Barney’s • Beats by Dre
     experience; when you need it, as long as you need it. Through our strong expertise and resources, we will help you execute       Boggi Milano • Bose • Boss - Hugo Boss • Brooks Brothers • Brooks England • Burberry
     a plan to open Nasty Gal in the top retail desination cities. We understand the essential relationship between your brand
                                                                                                                                         Bvlgari • Calzedonia • Calvin Klein • Desigual • Diesel • Dolce & Gabbana • Dunhill
     and real estate.
                                                                                                                                     Fermob • Filson • Follie Follie • Fossil • Skagen Watch Station • Gieves & Hawkes • Godiva

                                                                                                                                   H&M • Hackett • Hamley’s • Jaeger-LeCoultre • Jonathan Adler • Kamakura Shirts • Karen Millen

                                                                                                                                      Kering • Kimpling Eyewear La Perla • Lancel • The Limited • Lindt • Lhilipp • Longchamp

                                                                                                                                      Louis Vuitton • Luxottica • Lenscrafters • Maison Kayser • Mercedes-Benz • Michael Kors
                 HIGH                                     STRATEGIC                                         SITE
                                                                                                                                   Mont Blanc • Officine Panerai • Penhaligon’s • Philipp Plein • Quicksilver • Ralph Lauren • Rapha
                 STREET                                   PLANNING                                       SELECTION
                                                                                                                                     Ray Ban • Richemont • Roger Dubuis • Salvatore Ferragamo • Shinola • SMCP • Smythson

                                                                                                                                   Stance • Super Dry • Swarovski • Swatch Group • Tesla Motors • The Kooples • Timothy Oulton
         • Dedicated practice in                        • Socioeconomic and                       • Location ranking based on            Tommy Bahama • Tommy Hilfiger • Travis Matthews • Tumi • Twin-Set • Villebrequin
         every major US market                            demographic data                         custom set of benchmarks

       • Co-tenancy mapping and                    • Pedestrian & tourists counts                   • Individual site analysis
          comp sale database
                                                         • Co-tenancy and                             • Financial analysis
                                                                                                                                           Our dedicated team of experts are committed to focusing on our
          • 35+ high street lease                       competitor analysis                                                                client’s needs and exceeding their expectations.
        transaction professionals                                                                                                          - Jason Charms
                nationwide                            • Gross occupancy cost
                                                                                                                                           Retail Brokerage
                                                                                                                                           Southwest Market

16                                                                                                                                                                                                                                     17
CLIENT CASE STUDY - T-MOBILE                                                                                                     CLIENT CASE STUDY - AMC THEATRES
                T-Mobile Case Study | National Retail Portfolio Optimization Services, Tenant Representation Services,
                                                                                                                                      SITUATION
                                          Renewals, Relocations, Retail Strategy Services                                             •   AMC Theaters was expanding their theatres to meet the changing needs of the customer and provide an
                                                                                                                                          enhanced experience in the local markets
              Renegotiations
                                                          Assisted with                            Completed over                     INITIATIVES
           resulted in savings of                                                                                                     •   Worked closely with AMC’s real estate, operations and film teams to determine network gaps for new builds and

       $86M $132M 1,500+ 1,100+                                                                520
                                                                                         new store builds
                                                                                                                  2,000
                                                                                                                 store remodels
                                                                                                                                          spot acquisitions to take over existing theatres and remodel

                                                  new corporate        new corporate                                                  •   Once the sites were identified, extensive research was conducted through GIS research and analytics
      for the 1st year       over 5 years
                                                store transactions   store transactions Resulting in $4M+ in direct cost reductions
                                                                                                                                      RESULTS
                                                                                                                                      •   Within the past four years, countless opportunities have been vetted throughout CA, OR & WA, two new
     OPPORTUNITY                                                                                                                          theatres are open for business in the Fallbrook Mall in West Hills, CA, and in the Chula Vista Center in Chula
     Selected JLL to support their aggressive development of T-Mobile stores in the U.S.                                                  Vista, CA, a third lease has been signed with the Rouse Company in the Newpark Mall, Newark, CA which will
                                                                                                                                          open in the spring of 2016 and additional sites are in various stages of LOI or lease negotiations
     EXECUTION
     Serve as their partner for the full range of real estate services – tenant representation, transaction management, strategic     •   Additionally, JLL’s project development services team has been engaged and are building out all of the future
     planning, project management, mobile engineering services, facilities management, lease administration, and tenant                   facilities for AMC
     representation, which includes finding locations for their first flagship stores in several major U.S. urban markets.

             JLL has been extremely responsive and are always willing to think ‘outside the box’, provide a collaborative
             partnership approach and take ownership in some challenging situations. On a scale of 1-5, I would rate them a 6.
             Without the experience, attitude and customer focus I could not successfully drive my business.

             			Debra Coates
             			 VP, Store Design, Development and Construction, T-Mobile

18                                                                                                                                                                                                                                                         19
JLL RETAIL BROKERAGE SERVICES                                                                                                                                JLL RETAIL BROKERAGE SERVICES
                                                                                                                                                                      JLL Retail Brokerage Services - Tools for Sucess
     In addition to our core brokerage services, JLL also offers additional resources to assist our clients in saving time and money. All
     services are scalable and can be selected based on Nasty Gal’s needs:

         §§   Transaction Management: Reduce your occupancy costs and optimize your portfolio through strategic transaction and real estate
              asset management. JLL’s transaction advisors take a strategic, data-driven approach to corporate real estate asset management
              and optimization. We aggressively drive down occupancy costs by analyzing your lease data, applying real-time market insight and
              implementing flexible strategies quickly.

         §§   Portfolio Optimization: Portfolio optimization eliminates wasted space, which translates directly to lowering the cost of real estate,
              typically the second or third largest item in a corporate budget. Portfolio optimization helps provide the right space at the right time to serve
              a company’s ever-changing and ongoing needs.

         §§   Multi-Site Project Management: Managing multiple construction projects is demanding and intensive—it’s managing multiple vendors,                                                  iLocate                                                       Dynamic Screening
              navigating city officials, and meeting delivery objectives. JLL has the experience to manage these programs, from concept to completion.            •     Analyzes data surrounding a market, such as labor costs,          Dynamic profiling of market activity, demographics, demand for
                                                                                                                                                                        incentives, taxation, cost of living and supply chain            labor, and output of educational institutions. Compiled data for all
         §§   Project Development Services: We manage the design and construction of corporate real estate projects from beginning to end,                        •     Drills down a client’s site selection choices from 40 to top 5   call center expansions, colocations and new investments by state
                                                                                                                                                                        markets                                                                            and city over the last 7 years
              handling every detail so you don’t have to. We’ll get your project completed on time and on budget, with at least a 100 percent ROI on our
              services.

         §§   Facility Management: Lower your total facility costs without sacrificing service levels or taking on more risk. Our integrated facility
              management professionals proactively measure and manage the performance of your buildings. We maximize the efficiency of your real
              estate staff, optimize your spend through strategic sourcing and reduce energy costs by lowering consumption.

         §§   Retail/e-Commerce Distribution: Higher online sales are great—but delivery is a challenge. Whether you’re searching for a new retail
              distribution center or overseeing change across your entire network, our Retail/e-commerce Distribution Group can help you meet your
              goals.

         §§   Supply Chain and Logistics Services: We’ll develop and deliver the ultimate supply chain real estate strategy to reduce costs, optimize
              flow and improve services. We have experience in all aspects of supply chain management, including, network and inventory optimization,
                                                                                                                                                                                        Portfolio Analytics Tool                                                      Blackbird
              workforce analysis, site selection, transportation management and performance analysis.                                                             •     Data visualization tool that supports scenario planning           •    Analyzes local market data such as availabilties,
                                                                                                                                                                  •     Customizable features that combine business units, real                transportation, floor plans, etc.
                                                                                                                                                                        estate, utilization and market favorability to assist with        •    Delivers 3D market visualization of available sites
                                                                                                                                                                        decision making

20                                                                                                                                                                                                                                                                                                              21
RETAIL LEADERSHIP TEAM
     The Nasty Gal Tenant Representation team would be led by Michael Hirchfield and Jason Charms, providing a singular,
     streamlined point of contact that would interact with all local market brokers and JLL resources on your behalf.

                       MICHAEL HIRSCHFELD                                                  JASON CHARMS                           JAMIE KENDALL                           CRAIG KILLMAN
                       Executive Vice President - Retail NYC                               Associate - Retail LA                  Vice President - Retail San Francisco   Executive Vice President - Retail San Diego
                       michael.hirschfeld@am.jll.com                                       jason.charms@am.jll.com                jamie.kendall@am.jll.com                craig.killman@am.jll.com
                       Tel +1 917 549 2215                                                 Tel +1 216 407 2351                    Tel +1 415 395 7286                     Tel +1 858 410 1237

                       STEVE FERRIS                                                        CAROL O’GRADY                          ASHLEY TATE                             REBECCA WILLIAMS
                       Executive Vice President - Retail Boston                            Marketing Lead - Central & West U.S.   Marketing Lead- Retail Southern CA      Senior Graphic Designer - Retail Atlanta
                       steve.ferris@am.jll.com                                             carol.ogrady@am.jll.com                ashley.tate@am.jll.com                  rebecca.williams@am.jll.com
                       Tel +1 508 405 1918                                                 Tel +1 312 228 2338                    Tel +1 213 239 6069                     Tel +1 713 425 5911

22                                                                                                                                                                                                                      23
we’retailntelligencexperts

For more information contact:

 JASON CHARMS                          MICHAEL HIRSCHFELD                  STEVE FERRIS

 Retail Brokerage/Southwest - Retail   Executive Vice President - Retail   Executive Vice President - Retail
 License No. 01959447 (CA)             License No. 10311204842 (NY)        License No. 135644 (MA)
 Tel +1 216 407 2351                   Tel +1 917 549 2215                 Tel +1 508 405 1918
 jason.charms@am.jll.com               michael.hirschfeld@am.jll.com       steve.ferris@am.jll.com
You can also read