senior vice president/regional director...nerdwallet in 2016 and the “safest place in n.c” for...

kiterealty.com888 577 5600

HOLLY SPRINGSTOWNE CENTERHOLLY SPRINGS, NC

Charlie CoyneSenior Vice President/Regional [email protected]

Matt LarsonVice [email protected]

317-577-5600 1kiterealty.com01/23/18

KITE REALTY GROUP 30 South Meridian Street, Suite 1100, Indianapolis, IN 46204

ABOUT US

• Publicly traded on the NYSE since 2004, Kite Realty Group has a successful history in the real estate industry dating back to the 1960’s.

• Over $3.5 billion in assets including 117 operating properties comprising over 23.1 million square feet and two developments currently under construction.

• Kite Realty Group is a full-service, vertically integrated real estate investment trust (REIT) engaged in the ownership and operation, development and redevelopment of high-quality neighborhood and community shopping centers in selected markets in the United States.

• Kite Realty Group owns and operates properties in 20 states including Alabama, Arizona, Connecticut, Florida, Georgia, Illinois, Indiana, Nevada, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, Virginia, and Wisconsin.

Information accurate as of September 30, 2017

317-577-5600 2kiterealty.com01/23/18

KITE REALTY GROUP 30 South Meridian Street, Suite 1100, Indianapolis, IN 46204

Stoney Creek CommonsNoblesville / Indianapolis

Geist PavilionFishers / Indianapolis

Fishers StationFishers / Indianapolis

Castleton CrossingIndianapolis

Bridgewater MarketplaceWestfield / Indianapolis

Cool Creek CommonsWestfield / IndianapolisGreyhound CommonsCarmel / Indianapolis

Hamilton Crossing CentreCarmel / Indianapolis

Rangeline CrossingThe CornerCarmel / Indianapolis

Traders PointIndianapolis Rivers Edge

IndianapolisGlendale Town CenterIndianapolis

Pan Am PlazaIndianapolis 30 South

Indianapolis

Indianapolis Metro

Colonial SquareFt. Myers

Riverchase PlazaTarpon Bay PlazaPine Ridge CrossingCourthouse ShadowsKings Lake SquareShops at Eagle CreekTamiami CrossingNaples

Estero Town CommonsEstero / Naples

Burnt Store MarketplacePunta Gorda

Southwest FloridaColonial Square

Southwest Florida

Westside MarketFrisco / Dallas

Waxahachie CrossingWaxahachie / Dallas

University Town CenterNorman / Oklahoma City

Silver Springs PointeOklahoma City

Shops at MooreMoore / Oklahoma City

Market Street VillagePipeline PointHurst / Dallas

Colleyville DownsColleyville / Dallas

Plaza at Cedar HillCedar Hill / Dallas

Chapel Hill Shopping CenterFort Worth

Plaza VolenteAustin

Kingwood CommonsKingwood / Houston

Portofino Shopping CenterThe Woodlands / Houston

BurlingtonSan Antonio

Sunland Towne CentreEl Paso

See Inset Map

Cobblestone PlazaPembroke Pines / Fort Lauderdale

Delray MarketplaceDelray Beach

12th Street PlazaIndian River SquareVero Beach

Hunter’s Creek PromenadeOrlando

Gainesville PlazaGainesville

Bolton PlazaOrange Park /Jacksonville

Bayport CommonsTampa / Oldsmar

Northdale PromenadeTampa

Lake City CommonsLake City

Shops at Julington CreekJacksonville

Palm Coast LandingPalm Coast

Saxon CrossingOrange City

International Speedway SquareDaytona Beach

Pleasant Hill CommonsKissimmee / Orlando

Waterford Lakes VillageShoppes of EastwoodOrlando

Lake Mary PlazaLake Mary / Orlando

The Landing at TraditionTradition Village SquarePort St. Lucie

Miramar SquareMiramar / Ft. Lauderdale

Temple TerraceTemple Terrace / Tampa

Center Point CommonsBradenton

Kite Realty Group LocationsCity / MSA

Lithia CrossingValrico / Tampa

Merrimack Village CenterMerrimack

Killingly CommonsDayville

City CenterWhite Plains

Bayonne CrossingBayonne

Livingston Shopping CenterLivingston

Landstown CommonsVirginia Beach

Moore / Oklahoma City

See Inset Map

Boulevard CrossingKokomo

Eddy Street Commonsat Notre DameSouth Bend

Beacon HillCrown Point

Fox Lake CrossingFox Lake / Chicago

Naperville MarketplaceNaperville / Chicago

Village at Bay ParkAshwaubenon / Green Bay

South Elgin CommonsElgin / Chicago

Lima MarketplaceFort Wayne

Eastgate PavilionCincinnati

Bell Oaks CentreNewburgh / Evansville

Draper CrossingDraper PeaksDraper / Salt Lake City

Centennial CenterCentennial GatewayLowe’s PlazaLas Vegas

EastgateHenderson / Las Vegas

Eastern BeltwayLas Vegas

Rampart CommonsLas Vegas

Cannery CornerNorth Las Vegas / Las Vegas

The CornerTucson

Bolton Plaza

Newburgh / EvansvilleNewburgh / EvansvilleNewburgh / EvansvilleNewburgh / EvansvilleNewburgh / EvansvilleNewburgh / EvansvilleNewburgh / EvansvilleNewburgh / EvansvilleNewburgh / Evansville

Centre at PanolaLithonia / Atlanta

Beechwood PromenadeAthens

Publix at AcworthAcworth / Atlanta

Trussville Promenade I & IIBirmingham

Oleander PlaceWilmington

Holly Springs Towne CenterHolly Springs / Raleigh

Memorial CommonsGoldsboro

Broadstone Station Apex / Raleigh

Publix at WoodruffShoppes at Plaza GreenGreenville

Cool Springs MarketFranklin / Nashville

Parkside Town CommonsCary / Raleigh

Mullins CrossingEvans / Augusta

Hitchcock PlazaAiken / Augusta

Toringdon MarketCharlotte

Hamilton CrossingAlcoa / Knoxville

Lakewood PromenadeJacksonville

Belle Isle StationOklahoma City

Northcrest Shopping CenterPerimeter WoodsCharlotte

PORTFOLIO

317-577-5600 3kiterealty.com01/23/18

HOLLY SPRINGS TOWNE CENTER 1004 New Hill Road, Holly Springs, NC 27540

• Holly Springs Towne Center Phase 1 anchors include: Target, Marshalls, Pier 1, ULTA, Dick’s Sporting Goods, Petco, and Michaels. Phase II is anchored by: 02 Fitness, Bed Bath & Beyond, DSW, and AMC - a nine screen, upscale, dine-in, theatre.

• Holly Springs ranked sixth in NerdWallet’s “Best Cities for Young Families in North Carolina” 2017 list. Home affordability, prosperity and growth, quality of education, and family friendliness were considered. Holly Springs has several other rankings including: “Best Small Cities in the Nation” by Nerdwallet in 2016 and the “Safest Place in N.C” for 2017 by NeigborhoodScout.

• The North Main Athletic Complex opened in 2015 across the 55 Bypass from Phase 2 of Holly Springs Town Center. The complex features: Synthetic turf sufficient to contain 2 high school-regulation-sized soccer fields, 8 regulation-sized and 4 youth-sized tennis courts, 1,680-seat multi-sports stadium with synthetic turf and lights, restrooms, and concessions area. The complex has an economic impact of $7 million annually.

• Sequirus and the Holly Springs Business Park are less than a mile away. Sequirus manufactures flu vaccines and employs 800 people in highly skilled jobs.

• Holly Springs leads Wake County municipalities in job growth. According to the N.C. Department of Commerce study published in 2015. businesses have created more than 3,000 new jobs since 2010 – a 26% increase in employment during a five-year period.

Anchors: 02 Fitness, Target, Marshalls, Pier 1, ULTA, Dick’s Sporting Goods, Petco, Michaels, Bed Bath & Beyond, DSW, AMC Dine-In

317-577-5600 4kiterealty.com01/23/18


317-577-5600 5kiterealty.com01/23/18


317-577-5600 6kiterealty.com01/23/18


317-577-5600 7kiterealty.com01/23/18


Holly Springs Towne Center 1 MILE 3 MILE 5 MILE 7 MILE 10 MILE

Population Estimate 2017 4,855 34,334 87,022 164,159 300,807

Transient Population Estimate (Hotel / Motel) 96 155 326 803 1,466

Seasonal Population Estimate 5 50 155 384 638

Projected Population 2022 5,798 40,748 101,334 187,152 337,188

Projected Annual Growth 2017 - 2022 3.62% 3.48% 3.09% 2.66% 2.31%

2010 Census Population 3,560 25,525 66,934 130,958 247,965

Historical Annual Growth 2010 to 2017 4.37% 4.17% 3.69% 3.17% 2.70%

Households Estimate 2017 1,604 11,674 29,928 57,931 109,972

Households With Children 45% 48% 46% 44% 41%

Projected Households 2022 1,918 13,858 34,864 65,969 122,693

Median Age 35 35 37 39 39

Average Household Income $102,095 $103,873 $109,680 $111,411 $106,383

Median Household Income $87,982 $88,700 $91,795 $92,312 $86,851

HHs with Income Over $75,000 976 6,952 18,177 35,191 63,064

HHs with Income Over $75,000 (%) 60.84% 59.55% 60.74% 60.75% 57.35%

Bachelors Degree or Higher 54.74% 53.40% 54.08% 54.42% 54.47%

Workplace Employees 1,515 5,755 21,440 51,832 115,608

Population: White 76.95% 76.53% 78.70% 80.09% 77.66%

Population: Black 15.70% 14.87% 12.08% 10.50% 9.94%

Population: Hispanic 5.89% 6.98% 7.50% 6.97% 8.02%

Population: Asian 3.27% 3.41% 3.75% 4.40% 6.67%

Population: Other Races 4.08% 5.19% 5.48% 5.01% 5.73%

© 2017, Trade Area Systems / Demographic Source: Synergos Technologies, Inc. (PopStats)

317-577-5600 8kiterealty.com01/23/18


Holly Springs Housing Market

• The TriEx expansion and exit is bringing explosive

growth to Holly Springs. The town has also been

ranked “Best Place to Raise Kids in North Carolina”

by Bloomberg Businessweek, making it an attractive

option for people relocating for jobs in the Raleigh

Market.

• Within a 3 Mile radius there are 9,500 future homes

already approved.

• Within the primary trade area there are 14,600+

future approved homes.

• Triangle new home market demand in 4Q15 was the

strongest since 3Q08 – up 23% year ove year with

new home starts up nearly 17% from the previous year

(4Q14).

• Housing demand is up, as there is now only a 4.6

month supply of homes available.

• Homes priced between $200K-$350K lead the

market in production growth and now represent

55% of the total market.

317-577-5600 9kiterealty.com01/23/18


Schools in the Holly Springs Trade Area

Wake County Public School System (WCPSS) is the 16th largest school district in the United States and the largest school system in North Carolina. The student population has almost tripled since 1980 and as many as 20,000 addi-tional children are expected in classrooms by 2020.

• Four new school sites within the trade area have already been acquired by WCPSS. A new elementary behind

Holly Springs Town Center, Oakview Elementary will open for the 2016/2017 School year with capacity

for 800 students.

• Within the Holly Springs trade area, enrollment grew by 598 students, a 2.6% increase from the previous

year.

• Enrollment counts in Apex, Holly Springs, and Fuquay Varina have continued to climb throughout the recession. High school enrollment within the trade area increased by 4.7% from last year, adding 304 new students.

• Elementary schools with the highest increases include Willow Springs Elementary with 7.9% and Herbert

Atkins Elementary with a 6.8% increase in enrollments y-o-y. Two elementary schools added additional temporary classrooms - Fuquay Varina Elementary and Penny Road Elementary.

• Many schools in the trade area already exceed current building capacity and are using temporary classrooms. Elementary Schools are 12% over capacity and high schools exceed capacity by 37%.

2014-2015 Enrollment






Elementary 10,700 0.8% 10,619 2.0% 10,411 1.7% 10,234 1.0% 10,130 2.3% 9,903 1.3%

Middle 5,841 3.8% 5,628 2.4% 5,498 2.1% 5,385 4.7% 5,142 6.8% 4,815 1.7%

High 6,762 4.7% 6,458 5.3% 6,133 4.9% 5,846 3.3% 5,657 5.5% 5,363 6.0%

Total Current Enrollment

23,303 2.6% 22,705 3.0% 22,042 2.7% 21,465 2.6% 20,929 4.2% 20,081 2.6%

Source: Wake County Public School System

317-577-5600 10kiterealty.com01/23/18


North Main Athletic Complex

North Main Athletic Complex is an all-sports stadium that offers seating for

1,680, and space for at least an additional 1,200 attendees. The 1,680 seats are not bleachers, but individual seats. The field will also be synthetic turf. Included in the current sports line-up are baseball, youth football and lacrosse.

The primary tenant for the stadium will be the Coastal Plain League (CPL). Over the course of the year, the CPL will be using the stadium about 30% of the time. The Stadium will also offer full concessions with pizza, hot dogs, beer and everything you’d expect to find at a ball park.

There are 14 teams across the Carolinas and Virginia. CPL welcomes over 546,000

fans into its ballparks for the season.

In addition to the CPL, the new facility will host the youth football, youth soccer and youth lacrosse through the Town of Holly Springs.

Other plans for the park include a greenway connection to the other parks an a

traffic light with a crosswalk installed at the entrance of the park on Main Street.

• Spending on sports travel has steadily risen during the past few years and is largely fueled by youth sports. Families collectively spend $192 million per day

supporting their children’s sports activities.

• Studies show that 27% of all trips made in the U.S. relate to attending a

sporting event of some kind, from professional and college games to youth

and amateur sporting events.

• It’s estimated that at least 35 million kids between 5 and 18 currently play an

organized sport each year in the U.S. Of that, 21 million are involved in nonschool youth sports, which have been expanding. The Sports Facilities Advisory Deems Youth Sports and Sports-Related Travel “Recession Resistant”. Youth Sporting Events Create $7 Billion in economic impact.

Holly Springs Town Center

Phase II

317-577-5600 11kiterealty.com01/23/18


SITE DATA PHASE I Target 135,300 SF Parking 609 Parking Ratio 4.50 \1000 RETAIL Marshall's 25,000 SFMichaels 21,448 SFDicks Sporting Goods 40,000 SFPetco 12,602 SFRetail 108,516 SFPads 31,059 SFTotal GLA 238,625 SF Parking 1,512 Parking Ratio 6.34 \1000 PHASE II Ovation Cinema Grill 47,443 SFBed Bath Beyond 23,400 SFDSW 18,000 SF02 Fitness 23,000 SFRetail 33,166 SFPads 27,816 SFTotal GLA 172,825 SF Parking 1,144 Parking Ratio 6.62 \1000 Total Site 108.89 AC ± ONEWAY

ONEWAY

ONE WAY

ONE WAY

ONEWAY

ONLY

DRIVE THRU

DRIVETHRU

DRIVETHRU

DO NOT ENTER

DO

NO

T ENTER

40,000 SFBOX 2

BOX 1135,300 SF

Zaxby's3,847 SF

PAD 1

PAD 4AVAILABLE6,400 SF

OLIVEGARDEN

7,556 SFPAD 2

6,00

0 SF

RETAIL "C" 22,553 SF

RETAIL "D"13,015 SF

RETAILB-1

45,024 SF

RETAIL "G"4,980 SF

RE

TAIL

"A"

8,03

2 S

F

RETAILB-2

14,912 SF

POND #1

NC 55

OLD H

OLLY SPRIN

GS APEX ROAD

NE

W H

ILL RO

AD

BOX4

23,400 SF 18,000 SF

103'

64'

LL ROOM59 SF

LL ROOM359 SF

HALL142 SF

LL ROOM 51SF

LL ROOM48 SFLL ROOM

57 SF

LL ROOM47 SF

119'200' 100'

194'

177'

139'

123.5'

317.9'

336.2'

TRACT 2RESIDENTIAL

5,866 SF

RETAIL "I"17,626 SF

101'132'60'

(5,600 AD

T)

172'

180'

100'

LOT 10

LOT 17LOT 18

55'

22'

76'

22'

64'

49'

25'

113'

39'

73'

69'

21'

64'

100'

35'

28'

94'

POND

25,000 SF21,448 SF

BOX 3W

endy

s3,

423

SF

PA

D 5

SIGN

SIGN

SIGN

PYLONSIGN

BOX1 BOX2

H

23,000 SF

POND #2

TEMPPOND

POND #8

POND #4

POND #3

POND #5

POND #6

LL ROOM50 SF

LL ROOM47 SF

HALL98 SF

LL ROOM101 SF

CART CORRAL

CART CORRAL

CART CORRAL

CART CORRAL

CART CORRAL

CART CORRAL

CART CORRAL

CART CORRAL

18,000 SF

1,78

7 S

F

22'

80'

26'94'

7,522 SF

2,10

3 S

FW

YN

N N

AIL

BA

R

1,75

0 S

F

22'

1,21

8 S

F

15'

I2

I3 I4B

I5

I1

20'

1,62

8 S

FFL

OU

R P

OW

ER

I4A

20'

1,61

8 S

FJE

RS

EY

MIK

E'S

I3A

LL ROOM101 SF

8,322 SF245

6,590 SF240

9,017 SF235

2,01

7 S

F22

0

3,400 SF209

4,614 SF2075,079 SF

205

10,183 SF200

4,11

0 S

F22

5

6,604 SF203

80' 64'51' 45' 34' 25' 40'

89'61' 60'

138'10

0'

80'100'12

5'

LL ROOM59 SF

LL ROOM359 SF

HALL142 SF

177'

AVAILABLE21,448 SF

AVAILABLEAVAILABLE

RESULTSPHYSIOTHERAPY

103

THE MASON JARTAVERN

2,510 SF105

LL ROOM 51SF

33'29'

MEDITERRA GRILL

41'

300

3,50

2 S

F41

7

FRIE

ND

LY D

EN

TAL 1,80

0 SF

416

3,06

2 SF

412

2,50

0 SF

407

1,26

0 SF

406

5,800 SF404

1,71

5 S

F41

1

1,53

4 S

F41

0

1,38

0 SF

414

74' 30' 21' 21'43'

81'

1,11

5 SF

302

1,58

0 SF

306

32'

LL ROOM57 SF

3,50

0 S

F31

5

MY E

YE D

R.30

8

RIS

E B

ISC

UIT

S &

DO

NU

TS30

7

30' 25' 43'

82'

PLA

TIN

UM

NA

ILS

SP

A

98 SF

3,230 SF505500

LL ROOM48 SF

27' 56'

59'

L

62'

60'

113'

3,674 SF

LL ROOM50 SF

69'

21'

K1

2,48

0 S

F

42'

60'

58'

K3

3,38

6 S

F

LL ROOM47 SF

RETAIL "I"Scale 1"= 50'

RETAIL "K"Scale 1"= 50'

RETAIL "L"Scale 1"= 50'

senior vice president/regional director...nerdwallet in 2016 and the “safest place in n.c” for...

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