40 Catherwood Road, Ithaca, NY • 60740 Catherwood Road, Ithaca, NY • 60740 Catherwood Road, Ithaca, NY • 607---257257257---5337 • TheShopsatIthacaMall.com 5337 • TheShopsatIthacaMall.com 5337 • TheShopsatIthacaMall.com

The Shops at Ithaca Mall The Shops at Ithaca Mall The Shops at Ithaca Mall

The Shops at Ithaca Mall is the The Shops at Ithaca Mall is the The Shops at Ithaca Mall is the dominantdominantdominant enclosed shopping center in the Tompkins and Cortland enclosed shopping center in the Tompkins and Cortland enclosed shopping center in the Tompkins and Cortland County region. The property satisfies the area’s upscale and moderate priced clientele as well as County region. The property satisfies the area’s upscale and moderate priced clientele as well as County region. The property satisfies the area’s upscale and moderate priced clientele as well as the market’s student population. the market’s student population. the market’s student population.

Anchored by Sears, Target and BonTon, the center hosts national retailers Best Buy, and Anchored by Sears, Target and BonTon, the center hosts national retailers Best Buy, and Anchored by Sears, Target and BonTon, the center hosts national retailers Best Buy, and Dick’s Sporting Goods. Dick’s Sporting Goods. Dick’s Sporting Goods.

In 2011, The Shops at Ithaca Mall began construction of a BJ’s Wholesale Club. The Club opened In 2011, The Shops at Ithaca Mall began construction of a BJ’s Wholesale Club. The Club opened In 2011, The Shops at Ithaca Mall began construction of a BJ’s Wholesale Club. The Club opened in 2012, and is the only wholesale club within a 1 hour radius of The Shops at Ithaca Mall. in 2012, and is the only wholesale club within a 1 hour radius of The Shops at Ithaca Mall. in 2012, and is the only wholesale club within a 1 hour radius of The Shops at Ithaca Mall.

In 2007, The Shops at Ithaca Mall built a 14 screen, stadium seating Regal Cinemas theater with In 2007, The Shops at Ithaca Mall built a 14 screen, stadium seating Regal Cinemas theater with In 2007, The Shops at Ithaca Mall built a 14 screen, stadium seating Regal Cinemas theater with digital surround sound. The theater is the largest and most modern in Tompkins County.digital surround sound. The theater is the largest and most modern in Tompkins County.digital surround sound. The theater is the largest and most modern in Tompkins County.

Situated in the junction between the two most highly trafficked routes, the Mall is easily accessible to Situated in the junction between the two most highly trafficked routes, the Mall is easily accessible to Situated in the junction between the two most highly trafficked routes, the Mall is easily accessible to the approximately 55,000 vehicles passing daily.the approximately 55,000 vehicles passing daily.the approximately 55,000 vehicles passing daily.

The center is surrounded by institutions for higher education. The five nearby colleges boast a The center is surrounded by institutions for higher education. The five nearby colleges boast a The center is surrounded by institutions for higher education. The five nearby colleges boast a combined population of close to 40,000 students. combined population of close to 40,000 students. combined population of close to 40,000 students.

Center Overview

Location & Accessibility

••• Within the Finger Lakes RegionWithin the Finger Lakes RegionWithin the Finger Lakes Region The Shops at Ithaca Mall is nestled in the heart of The Shops at Ithaca Mall is nestled in the heart of The Shops at Ithaca Mall is nestled in the heart of New York State’s Finger Lakes; a region known for its New York State’s Finger Lakes; a region known for its New York State’s Finger Lakes; a region known for its recreation, wineries and gorges.recreation, wineries and gorges.recreation, wineries and gorges.

••• Surrounded by Higher EducationSurrounded by Higher EducationSurrounded by Higher Education The area is home to 5 colleges, including The area is home to 5 colleges, including The area is home to 5 colleges, including Cornell University, the largest Ivy League school, Cornell University, the largest Ivy League school, Cornell University, the largest Ivy League school, and Ithaca College.and Ithaca College.and Ithaca College.

••• At a Highway Junction At a Highway Junction At a Highway Junction The Shops at Ithaca Mall is situated in the junction The Shops at Ithaca Mall is situated in the junction The Shops at Ithaca Mall is situated in the junction between NYS Route 13 and North Triphammer Road. between NYS Route 13 and North Triphammer Road. between NYS Route 13 and North Triphammer Road. Traffic count of these two roads averages 54,590Traffic count of these two roads averages 54,590Traffic count of these two roads averages 54,590 vehicles daily.vehicles daily.vehicles daily.

••• Easy Airport AccessEasy Airport AccessEasy Airport Access Ithaca Tompkins Regional Airport is located 1 mileIthaca Tompkins Regional Airport is located 1 mileIthaca Tompkins Regional Airport is located 1 mile from the center. With daily service to major United from the center. With daily service to major United from the center. With daily service to major United States cities, the airport serves more than 170,000 States cities, the airport serves more than 170,000 States cities, the airport serves more than 170,000 annually. annually. annually.

••• Significant Bus ServiceSignificant Bus ServiceSignificant Bus Service The public transit system that serves the local The public transit system that serves the local The public transit system that serves the local community and the colleges in the trade area arrives community and the colleges in the trade area arrives community and the colleges in the trade area arrives at The Shops at Ithaca Mall up to 60 times per day. at The Shops at Ithaca Mall up to 60 times per day. at The Shops at Ithaca Mall up to 60 times per day.

*Oxford Economics Study*Oxford Economics Study*Oxford Economics Study *NYS Department of Motor Vehicles*NYS Department of Motor Vehicles*NYS Department of Motor Vehicles *Ithaca Tompkins Regional Airport Annual Report *Ithaca Tompkins Regional Airport Annual Report *Ithaca Tompkins Regional Airport Annual Report

The Shops at Ithaca Mall

Trade Area

Primary Trade Primary Trade Primary Trade

Area Area Area

Total Trade Total Trade Total Trade

AreaAreaArea

Population Population Population 290,602290,602290,602 730,513730,513730,513

A significant portion of The Shops at Ithaca Mall’s trade area is A significant portion of The Shops at Ithaca Mall’s trade area is A significant portion of The Shops at Ithaca Mall’s trade area is within the 30 mile radius around the center. This incorporates within the 30 mile radius around the center. This incorporates within the 30 mile radius around the center. This incorporates all of Tompkins County, as well as surrounding towns including all of Tompkins County, as well as surrounding towns including all of Tompkins County, as well as surrounding towns including Aurora, Ovid, Spencer, Cortland City, Homer and Moravia. Aurora, Ovid, Spencer, Cortland City, Homer and Moravia. Aurora, Ovid, Spencer, Cortland City, Homer and Moravia. The extended trade area stretches from the southern suburbs The extended trade area stretches from the southern suburbs The extended trade area stretches from the southern suburbs of Syracuse to the border of Pennsylvania near Elmira and of Syracuse to the border of Pennsylvania near Elmira and of Syracuse to the border of Pennsylvania near Elmira and Binghamton, New York. The trade area also extends as far Binghamton, New York. The trade area also extends as far Binghamton, New York. The trade area also extends as far west as Bath and as far east as Norwich, New York. west as Bath and as far east as Norwich, New York. west as Bath and as far east as Norwich, New York. The Ithaca trade area is serviced by a vast network of major The Ithaca trade area is serviced by a vast network of major The Ithaca trade area is serviced by a vast network of major highways and state roads, making accessibility quick and easy. highways and state roads, making accessibility quick and easy. highways and state roads, making accessibility quick and easy. These roadways include, but are not limited to, IThese roadways include, but are not limited to, IThese roadways include, but are not limited to, I---81, 81, 81, III---86 (NYS 17), I86 (NYS 17), I86 (NYS 17), I---96, NYS 13, NYS 34, and NYS 38. This 96, NYS 13, NYS 34, and NYS 38. This 96, NYS 13, NYS 34, and NYS 38. This network, when combined with The Shops at Ithaca Mall’s network, when combined with The Shops at Ithaca Mall’s network, when combined with The Shops at Ithaca Mall’s central location, places the majority of customers within a 30 central location, places the majority of customers within a 30 central location, places the majority of customers within a 30 minute drive to the property. minute drive to the property. minute drive to the property.

The Shops at Ithaca Mall Trade Area

Customer Profile

AVERAGE HH INCOMEAVERAGE HH INCOMEAVERAGE HH INCOME $70,471$70,471$70,471 $69,877$69,877$69,877

HOUSEHOLDSHOUSEHOLDSHOUSEHOLDS 111,682111,682111,682 290,926290,926290,926

EDUCATIONEDUCATIONEDUCATION

Some High SchoolSome High SchoolSome High School 10.6%10.6%10.6% 11.4%11.4%11.4%

High School GraduatesHigh School GraduatesHigh School Graduates 31.8%31.8%31.8% 32.7%32.7%32.7%

Some College Some College Some College --- No DegreeNo DegreeNo Degree 16.6%16.6%16.6% 17.4%17.4%17.4%

Associate's DegreeAssociate's DegreeAssociate's Degree 9.3%9.3%9.3% 9.8%9.8%9.8%

Bachelor's DegreeBachelor's DegreeBachelor's Degree 14.0%14.0%14.0% 13.0%13.0%13.0%

Graduate SchoolGraduate SchoolGraduate School 13.7%13.7%13.7% 11.1%11.1%11.1%

EMPLOYMENTEMPLOYMENTEMPLOYMENT

Total Business Establishments Total Business Establishments Total Business Establishments 9,8699,8699,869 28,01528,01528,015

Total Daytime Employment Total Daytime Employment Total Daytime Employment 100,799100,799100,799 316,965316,965316,965

Primary Trade Primary Trade Primary Trade

Area Area Area

Total Trade Total Trade Total Trade

AreaAreaArea

POPULATIONPOPULATIONPOPULATION 290,602290,602290,602 730,513730,513730,513

Retail Environment

Triphammer Road Ave. Daily Traffic/08

25,730 Vehicles

Route 13 Ave. Daily Traffic/08

28,860 Vehicles

Home Depot Ave. Daily Traffic/08

17,960 Vehicles

Wal-Mart Ave. Daily Traffic 19,500 Vehicles

Tenant Mix Anchored by Sears, Target, BonTon, Best Buy, Dick’s Sporting Goods, Regal Cinemas and BJ’s. Anchored by Sears, Target, BonTon, Best Buy, Dick’s Sporting Goods, Regal Cinemas and BJ’s. Anchored by Sears, Target, BonTon, Best Buy, Dick’s Sporting Goods, Regal Cinemas and BJ’s.

Home to many national retailers, including Regal Cinemas, Old Navy, Gap, American Eagle, Radio Shack, Verizon, Bath & Body WoHome to many national retailers, including Regal Cinemas, Old Navy, Gap, American Eagle, Radio Shack, Verizon, Bath & Body WoHome to many national retailers, including Regal Cinemas, Old Navy, Gap, American Eagle, Radio Shack, Verizon, Bath & Body Worksrksrks, , , Victoria’s Secret, Kay Jewelers, Footlocker, AC Moore, Gertrude Hawk and more.Victoria’s Secret, Kay Jewelers, Footlocker, AC Moore, Gertrude Hawk and more.Victoria’s Secret, Kay Jewelers, Footlocker, AC Moore, Gertrude Hawk and more.

The Shops at Ithaca Mall’s Food Court was the first to open in an enclosed shopping center in the United States. Today it enThe Shops at Ithaca Mall’s Food Court was the first to open in an enclosed shopping center in the United States. Today it enThe Shops at Ithaca Mall’s Food Court was the first to open in an enclosed shopping center in the United States. Today it enjoyjoyjoys continued s continued s continued success, with favorites such as Friendly’s, Subway, Easy Wok, Arby’s, Akashi Habachi & Sushi and Sicilian Delight Pizzeria. success, with favorites such as Friendly’s, Subway, Easy Wok, Arby’s, Akashi Habachi & Sushi and Sicilian Delight Pizzeria. success, with favorites such as Friendly’s, Subway, Easy Wok, Arby’s, Akashi Habachi & Sushi and Sicilian Delight Pizzeria.

Higher Education The Shops at Ithaca Mall is surrounded by institutions for higher education. The Shops at Ithaca Mall is surrounded by institutions for higher education. The Shops at Ithaca Mall is surrounded by institutions for higher education.

The local colleges bring economic stability, job security The local colleges bring economic stability, job security The local colleges bring economic stability, job security and a monetary boom to the area: and a monetary boom to the area: and a monetary boom to the area:

Cornell's recent research expenditures totaled Cornell's recent research expenditures totaled Cornell's recent research expenditures totaled $605.3 million. $605.3 million. $605.3 million.

The region’s extremely vibrant economy is supported The region’s extremely vibrant economy is supported The region’s extremely vibrant economy is supported by the combined presence of Cornell University, the by the combined presence of Cornell University, the by the combined presence of Cornell University, the Ivy league institution and world class research facility, Ivy league institution and world class research facility, Ivy league institution and world class research facility, as well as Ithaca College.as well as Ithaca College.as well as Ithaca College.

College College College EnrollmentEnrollmentEnrollment Miles from CenterMiles from CenterMiles from Center Cornell University 20,833 3.6Cornell University 20,833 3.6Cornell University 20,833 3.6 (Grad & Professional) 6,077 3.6(Grad & Professional) 6,077 3.6(Grad & Professional) 6,077 3.6

Ithaca College 6,660 6.1 Ithaca College 6,660 6.1 Ithaca College 6,660 6.1 SUNY Cortland 7,224 20.7 SUNY Cortland 7,224 20.7 SUNY Cortland 7,224 20.7 TC3* 3,009 11.3TC3* 3,009 11.3TC3* 3,009 11.3 Wells College 470 24.2Wells College 470 24.2Wells College 470 24.2

The Ithaca College TowersThe Ithaca College TowersThe Ithaca College Towers

Schoellkopf Stadium at Schoellkopf Stadium at Schoellkopf Stadium at Cornell UniversityCornell UniversityCornell University

Football at SUNY Cortland Football at SUNY Cortland Football at SUNY Cortland

McGraw Tower at McGraw Tower at McGraw Tower at Cornell UniversityCornell UniversityCornell University

“Ithaca inspires love at first sight. A city effervescent with youthful energy sits beneath hills crowned “Ithaca inspires love at first sight. A city effervescent with youthful energy sits beneath hills crowned “Ithaca inspires love at first sight. A city effervescent with youthful energy sits beneath hills crowned by the Cornell and Ithaca College campuses. Smart, talented and engaging people from around the world by the Cornell and Ithaca College campuses. Smart, talented and engaging people from around the world by the Cornell and Ithaca College campuses. Smart, talented and engaging people from around the world

make amazing intellectual and artistic things happen here.”make amazing intellectual and artistic things happen here.”make amazing intellectual and artistic things happen here.”

*Tompkins Cortland Community College*Tompkins Cortland Community College*Tompkins Cortland Community College

31% of Cornell’s student originate from the Tri 31% of Cornell’s student originate from the Tri 31% of Cornell’s student originate from the Tri --- State areaState areaState area... 17% are international students. 17% are international students. 17% are international students.

Economic Development and Regional Employment

Regional Employment:Regional Employment:Regional Employment: Private Education Private Education Private Education --- 26%26%26% Retail trade Retail trade Retail trade --- 11%11%11% Health Services Health Services Health Services --- 10%10%10% Leisure & Hospitality Leisure & Hospitality Leisure & Hospitality --- 8% 8% 8%

Labor Force DataLabor Force DataLabor Force Data November 2012November 2012November 2012

Tompkins County (Ithaca) Tompkins County (Ithaca) Tompkins County (Ithaca) UnemploymentUnemploymentUnemployment 5.4%5.4%5.4%

National Unemployment National Unemployment National Unemployment 7.9%7.9%7.9%

*United States Department of Labor, Bureau of Labor Statistics. *United States Department of Labor, Bureau of Labor Statistics. *United States Department of Labor, Bureau of Labor Statistics.

RankRankRank EmployerEmployerEmployer SectorSectorSector EmployeesEmployeesEmployees

Miles from Miles from Miles from Center Center Center

111 Cornell University Cornell University Cornell University Private Education Private Education Private Education 14,41014,41014,410 111

222 Ithaca CollegeIthaca CollegeIthaca College Private Education Private Education Private Education 1,6701,6701,670 666

Cornell Business & Tech Park Cornell Business & Tech Park Cornell Business & Tech Park (93 companies) (93 companies) (93 companies) variousvariousvarious 1,504 1,504 1,504 111

444 BorgWarner AutomotiveBorgWarner AutomotiveBorgWarner Automotive Manufacturing Manufacturing Manufacturing 1,3001,3001,300 .75.75.75

555 The Shops at Ithaca Mall The Shops at Ithaca Mall The Shops at Ithaca Mall Retail Trade Retail Trade Retail Trade 1,2001,2001,200 000

666 Ithaca City School District Ithaca City School District Ithaca City School District Public Education Public Education Public Education 1,2001,2001,200 5.55.55.5

777 Cayuga Medical Center Cayuga Medical Center Cayuga Medical Center Health ServicesHealth ServicesHealth Services 800800800 7.47.47.4

888 Tompkins County Tompkins County Tompkins County Local Government Local Government Local Government 760760760 n/an/an/a

999 WegmansWegmansWegmans Retail TradeRetail TradeRetail Trade 550550550 4.54.54.5

101010 City of Ithaca City of Ithaca City of Ithaca Local Government Local Government Local Government 450450450 n/an/an/a

*Tompkins County Area Development *Tompkins County Area Development *Tompkins County Area Development

Corning Incorporated Corning Incorporated Corning Incorporated ManufacturingManufacturingManufacturing 6,0006,0006,000 353535

Major Employer Outside Tompkins County Major Employer Outside Tompkins County Major Employer Outside Tompkins County

333

Tourism Ithaca named one of “19 Perfect Towns” by Ithaca named one of “19 Perfect Towns” by Ithaca named one of “19 Perfect Towns” by Outside MagazineOutside MagazineOutside Magazine, October 2011, October 2011, October 2011

The Finger Lakes Region is renowned for its beauty. The spectacular gorges, The Finger Lakes Region is renowned for its beauty. The spectacular gorges, The Finger Lakes Region is renowned for its beauty. The spectacular gorges, lakes and waterfalls make the area a recreational and tourism hot spot. lakes and waterfalls make the area a recreational and tourism hot spot. lakes and waterfalls make the area a recreational and tourism hot spot.

Tourism in the Finger Lakes and Tompkins County: Tourism in the Finger Lakes and Tompkins County: Tourism in the Finger Lakes and Tompkins County:

$2.6 billion generated in tourism annually. $2.6 billion generated in tourism annually. $2.6 billion generated in tourism annually.

Ithaca listed as the #2 “Best Green Places” Ithaca listed as the #2 “Best Green Places” Ithaca listed as the #2 “Best Green Places” Country Home MagazineCountry Home MagazineCountry Home Magazine. 2007.. 2007.. 2007.

Ithaca named in the “100 Great Escapes: Top 10 Trips," Ithaca named in the “100 Great Escapes: Top 10 Trips," Ithaca named in the “100 Great Escapes: Top 10 Trips," Travel & Leisure Travel & Leisure Travel & Leisure MagazineMagazineMagazine, March/April 2002., March/April 2002., March/April 2002.

Ithaca named "America's 5 Best MountainIthaca named "America's 5 Best MountainIthaca named "America's 5 Best Mountain BikingBikingBiking Towns"Towns"Towns" Bike MagazineBike MagazineBike Magazine,,, June 2002.June 2002.June 2002.

Tompkins County is home to 3 gorge parks; of which there are only 6 within the Tompkins County is home to 3 gorge parks; of which there are only 6 within the Tompkins County is home to 3 gorge parks; of which there are only 6 within the entire state of New York.entire state of New York.entire state of New York.

Taughannock Falls is 215 feet high, a greater vertical drop than Niagara Falls.Taughannock Falls is 215 feet high, a greater vertical drop than Niagara Falls.Taughannock Falls is 215 feet high, a greater vertical drop than Niagara Falls.

Cayuga Lake was selected as one of the top 10 bass fishing lakes by Cayuga Lake was selected as one of the top 10 bass fishing lakes by Cayuga Lake was selected as one of the top 10 bass fishing lakes by Sports Afield Sports Afield Sports Afield Magazine.Magazine.Magazine.

The region’s climate supports not only the growth of hardy native grapes and The region’s climate supports not only the growth of hardy native grapes and The region’s climate supports not only the growth of hardy native grapes and premium hybrids, but also delicate varieties such as Riesling and Pinot Noir. premium hybrids, but also delicate varieties such as Riesling and Pinot Noir. premium hybrids, but also delicate varieties such as Riesling and Pinot Noir. This has fostered a lively wine market with an international reputation; Cayuga This has fostered a lively wine market with an international reputation; Cayuga This has fostered a lively wine market with an international reputation; Cayuga Wine Trail itself has 16 acclaimed wineries. New York State is the second ranked Wine Trail itself has 16 acclaimed wineries. New York State is the second ranked Wine Trail itself has 16 acclaimed wineries. New York State is the second ranked wine producing state in the United States behind only California. wine producing state in the United States behind only California. wine producing state in the United States behind only California.

Ithaca is located near many area attractions, including:Ithaca is located near many area attractions, including:Ithaca is located near many area attractions, including:

The New York State FairgroundsThe New York State FairgroundsThe New York State Fairgrounds

Corning Museum of GlassCorning Museum of GlassCorning Museum of Glass

Museum of the EarthMuseum of the EarthMuseum of the Earth

Cornell Lab of OrnithologyCornell Lab of OrnithologyCornell Lab of Ornithology

Watkins Glen International RacewayWatkins Glen International RacewayWatkins Glen International Raceway

National Women’s Hall of Fame National Women’s Hall of Fame National Women’s Hall of Fame

Glenn Curtiss Museum of AviationGlenn Curtiss Museum of AviationGlenn Curtiss Museum of Aviation

National Warplane MuseumNational Warplane MuseumNational Warplane Museum

National Soaring Museum National Soaring Museum National Soaring Museum

As well as hundreds of festivals, fairs and special events.As well as hundreds of festivals, fairs and special events.As well as hundreds of festivals, fairs and special events.