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A legendary shopping experience<br />

w w w . E X P E R I E N C E L E G E N D S . c o m


PROPERTY OVERVIEW<br />

Catch the Spark<br />

The Outlets at Legends Sparks Nevada is sparking the imaginations of shoppers<br />

across the West. This beautiful shopping, dining and entertainment destination<br />

just minutes from downtown <strong>Reno</strong> offers top shopping in a fresh, outdoor setting<br />

bursting with appealing amenities.<br />

Magnificent artworks, fountains, lush landscaping and dramatic mountain views<br />

frame a collection of restaurants and retailers offering exactly what shoppers<br />

want today: including the best outlet stores – Adidas Outlet, Ann Taylor Factory<br />

Outlet, Banana Republic Factory Store, BCBG Final Cut, Converse Outlet, Guess<br />

Factory Store, Old Navy Outlet and Nike Factory Store. Add Scheels, the world’s<br />

largest collection of sporting goods and sportswear under one roof, together with<br />

important everyday draws like Target, Best Buy and Lowe’s, and the result is a<br />

legendary shopping destination.<br />

Here in Northern Nevada, the <strong>Reno</strong>-Sparks market is a magnet for millions of funseeking<br />

visitors, who come for extraordinary outdoor adventures and to<br />

experience the thrills of world-class events, casinos and more. Shopping – the<br />

number one tourist activity in the country, according to Shop America Alliance –<br />

puts the exceptional Outlets at Legends Sparks Nevada at the center of the<br />

region’s vibrant visitor-focused economy.<br />

Your legendary<br />

brand belongs here


RETAILER SUCCESS<br />

The Outlets at Legends Sparks Nevada is the regional powerhouse when it comes to retail. Shoppers’<br />

increasing interest in name-brand outlets, combined with this gorgeous amenity-filled environment,<br />

let us stand out from the competition.<br />

With a great mix of popular outlet stores, full-price brands, everyday uses and appealing restaurants<br />

– all in a beautiful outdoor setting – this successful property remains the region’s odds-on favorite.<br />

One-third of our shoppers come from outside the <strong>Reno</strong>-Sparks trade area and are not cross-shopping<br />

other centers while in the market.<br />

A Draw for First-to-Market Retailers<br />

The strong set of retailers at Outlets at Legends includes this impressive list of first-to-market stores:<br />

Adidas<br />

Ann Taylor Factory Store<br />

Banana Republic Factory Store<br />

BCBG Final Cut<br />

BCBG Max Azria<br />

Bose Factory Store<br />

Carter’s<br />

Forever 21<br />

Fuddruckers<br />

GAP Factory Store<br />

Grimaldi’s<br />

GUESS Factory Store<br />

Gymboree Outlet<br />

Jazz, A Louisiana Kitchen<br />

Jones New York Outlet<br />

Kenneth Cole<br />

Nike Factory Store<br />

Off Broadway Shoes<br />

Old Navy Outlet<br />

Osh Kosh B’Gosh<br />

Popeye’s Louisiana Kitchen<br />

Sanrio<br />

Scheels<br />

Sketchers USA Outlet<br />

The Old Farmer’s Almanac General Store<br />

Vans Outlet<br />

Volcom<br />

A Legendary Setting<br />

for Retailer Success


RETAILER SUCCESS<br />

New Retailers Opening in 2013<br />

The Outlets at Legends Sparks Nevada’s sustained sales growth<br />

continues to attract retailer interest. This increased activity<br />

translates into the addition of exciting new names in the coming<br />

months, including:<br />

Buffalo Wild Wings – Opening Fall 2013<br />

Galaxy Theatres IMAX – Opening Fall 2013<br />

A Legendary Setting<br />

for Retailer Success


MARKET INFORMATION<br />

PRO-BUSINESS<br />

Pro-Business Environment<br />

<strong>Reno</strong> – one of “America’s 50 Best Cities: Best Places to Live”<br />

-2012 BusinessWeek Magazine<br />

Nevada – the “No. 12 Best States for Business”<br />

-2012 Chief Executive Magazine<br />

Nevada – No. 7 for business costs and No. 6 for growth prospects<br />

-Forbes “Best Places for Business”, 2011<br />

Nevada – ranks high in “Enterprising States: Recovery and<br />

Renewal for the 21st Century”<br />

-2011 U.S. Chamber of Commerce<br />

<strong>Reno</strong> – one of the “Top 20 Least Expensive Cities to Do Business”<br />

-2011 Kosmont-Rose Institute Cost of Doing Business Survey<br />

Apple – the technology giant is investing $1 billion in Northern Nevada over the<br />

next 10 years<br />

• Estimated economic impact of $343 million in new jobs<br />

• $103 million in construction jobs<br />

• New data center just east of Sparks along Interstate 80<br />

• New business and purchasing center in downtown <strong>Reno</strong><br />

• 250 new jobs and 580 construction jobs<br />

• $16 million in tax revenue


MARKETING FOR SUCCESS<br />

Smart Marketing Draws Visitors and Locals<br />

A dedicated, on-site marketing team drives a creative year-round effort that maximizes traffic and sales for the<br />

Outlets at Legends. Strong community connections also put the property front and center for local causes --<br />

from non-profit walk/runs to the holiday season’s charity-focused Lights of Kindness.<br />

Just a sample of the appealing events on property:<br />

• Moonlight Magic and Tree Lighting Party – Two popular November events set the stage for the<br />

Holidays<br />

• Legendary Model Search – This signature annual event in partnership with a local modeling agency<br />

focuses on fashion<br />

• Back-to-School Fair – Sponsored by the local school district and area radio stations, this event<br />

helps kids and their families gear up for the new school year<br />

• Frightmare and Halloween Safe Trick or Treating – These events make Outlets at Legends a go-to<br />

family destination for spooky October fun<br />

• Plus: RV shows throughout year, summer craft fairs, the annual Crawfish Festival and so much more<br />

• Mom & Me Health Fair with St. Mary’s Hospital<br />

The robust tourism program leverages key partnerships with the <strong>Reno</strong> Sparks Convention and<br />

Visitors Authority, hotels, casinos, the airport and more. Elements include:<br />

• Visitor VIP Savings Passes and Vouchers – More than 30,000 passes distributed to groups and<br />

conventions each year<br />

• Airport Program – Signs invite visitors to receive a $5 gift card with out-of-state ID and boarding pass<br />

• First Choice Hotel Program – hotel partners give guests customized savings vouchers and driving<br />

directions to Legends<br />

Well-designed loyalty programs for locals build these important relationships, via:<br />

• Frequent Diner Program (the only shopping center dining incentive program in the region)<br />

• Shopper Rewards Program<br />

• VIP Savings Pass


TRADE AREA MAP<br />

BOISE<br />

RENO/SPARKS<br />

SACRAMENTO<br />

SALT LAKE CITY<br />

SAN FRANCISCO<br />

LAS VEGAS


MARKET AREA MAP<br />

US<br />

395<br />

659<br />

Downtown <strong>Reno</strong><br />

6 miles<br />

California/Nevada<br />

State Line<br />

17.5 miles<br />

I-80<br />

651<br />

<strong>Reno</strong>/Tahoe<br />

International Airport<br />

4.5 miles<br />

I-80<br />

Meadowood Mall<br />

9 miles<br />

US<br />

395<br />

Incline Village/Lake Tahoe<br />

40 miles<br />

The Summit Sierra<br />

16 miles


AERIAL<br />

OPEN TODAY<br />

UNDER CONSTRUCTION<br />

Galaxy<br />

IMAX<br />

Theater<br />

FUTURE DEVELOPMENT<br />

Future<br />

Casino<br />

Future<br />

Walmart<br />

Retail<br />

GAS<br />

Best Buy<br />

INT ERSTATE I--80<br />

Old Navy<br />

Opened<br />

March 2013<br />

Buffalo Wild Wings<br />

Fall 2013 Opening<br />

TJMaxx - Opened Fall 2012<br />

LI NCOL N WAY<br />

Future<br />

Anchor<br />

BJ’s<br />

BI G FI SH DRIV E<br />

SPARKS BLVD.


MARKET INFORMATION<br />

ACCESS<br />

Superior Regional Access<br />

The <strong>Reno</strong>-Sparks market is the center of everything in Northern Nevada. With<br />

a growing population, strong employment and millions of visitors year round,<br />

this robust region is the perfect setting for Outlets at Legends.<br />

The <strong>Reno</strong>-Sparks market dominates Northern Nevada and is the hub of an<br />

extensive transportation network on two major highway corridors: Interstate<br />

80 and U.S. Highway 395.<br />

<strong>Reno</strong>-Sparks is centrally located to major western cities including San<br />

Francisco, Portland, Salt Lake City, Las Vegas and Los Angeles – all within a<br />

day’s drive.<br />

Tourists arrive by air as well: The <strong>Reno</strong>-Tahoe International Airport boasts<br />

more than 120 daily flights, and transports nearly 4 million passengers per<br />

year on seven major airlines.<br />

Ideally located on I-80 and Sparks Boulevard, easy access and high visibility<br />

distinguish Outlets at Legends Sparks Nevada. Eight 65-foot pylon signs<br />

precisely placed on I-80, maximize the center’s presence to more than 65,000<br />

cars driving by every day.


MARKET INFORMATION<br />

DEMOGRAPHICS<br />

Vibrant Demographics<br />

An excellent quality of life along with family-friendly home prices, an<br />

exciting calendar of fun things to do and the temperate four-season<br />

climate make <strong>Reno</strong>-Sparks a great place to live.<br />

Growing Population<br />

The trade area’s population of 430,588 is expected to grow nearly 6% to<br />

440,275 in the next five years.<br />

Strong Incomes<br />

More than 27% of the population has an income of $75,000 or higher.<br />

Significant Business Presence<br />

The daytime population within 5 miles of the center is more than 95,150.<br />

<strong>Reno</strong> – one of “America’s 50 Best Cities: Best Places to Live”<br />

-BusinessWeek, 2011


MARKET INFORMATION<br />

COST OF LIVING<br />

<strong>Reno</strong>-Sparks Is an Affordable Place to Live<br />

When it comes to cost of living, <strong>Reno</strong>-Sparks has a great story to tell in the West. The <strong>Reno</strong>-Sparks<br />

trade area has a cost of living index that is below the national average and comparable markets.<br />

That translates into more disposable income for area shoppers and diners.<br />

Cost of Living Index*<br />

Population<br />

Average HH Income<br />

Median Housing Value<br />

Cost of Housing Index*<br />

Median Age<br />

<strong>Reno</strong>-Sparks<br />

92.3%<br />

430,558<br />

$60,925<br />

$189,748<br />

86.1%<br />

37.4<br />

Boise<br />

96.2%<br />

640,691<br />

$58,613<br />

$159,567<br />

84.6%<br />

34.7<br />

Salt Lake City<br />

95.3%<br />

1,171,412<br />

$70,622<br />

$210,826<br />

89.1%<br />

31.6<br />

Las Vegas<br />

98.3%<br />

1,990,244<br />

$61,405<br />

$155,525<br />

90.2%<br />

36.2<br />

Sacramento<br />

117.8%<br />

2,207,469<br />

$75,239<br />

$244,854<br />

144.9%<br />

36.4<br />

*Source: ACCRA Cost of Living Index. The index provides a measure of living cost differences<br />

among urban areas, including housing, grocery, utility, transportation and health care costs,<br />

and is based on a national average of 100%.


MARKET INFORMATION<br />

EMPLOYMENT<br />

Robust Employment Picture<br />

With high-tech manufacturing and healthcare plus a strong gaming and visitor<br />

economy, <strong>Reno</strong>-Sparks has a daytime office population of nearly 225,000.<br />

More than 46,000 office employees work within three miles of the Outlets at Legends.<br />

Top 10 Major Employers in the <strong>Reno</strong>-Sparks metro area are:<br />

Employer<br />

Number of Employees<br />

Washoe County School District 8,000-8,499<br />

University of Nevada <strong>Reno</strong> 4,000-4,499<br />

<strong>Reno</strong>wn Regional Medical Center 2,500-2,999<br />

Washoe County 2,000-2,499<br />

International Game Technology 2,000-2,499<br />

Peppermill Hotel Spa Casino 2,000-2,499<br />

City of <strong>Reno</strong> 1,700-1,499<br />

Silver Legacy Resort Casino 1,500-1,999<br />

Atlantis Casino Resort 1,500-1,999<br />

St. Mary’s Medical Center 1,500-1,999<br />

*Coming soon - Apple


MARKET INFORMATION<br />

EDUCATION<br />

A Center for Higher Education<br />

Higher education thrives within sight of the majestic Sierra Nevada Mountains.<br />

<strong>Reno</strong>-Sparks is home to The University of Nevada, <strong>Reno</strong>, a comprehensive<br />

research university that currently serves more than 18,000 students.<br />

Multiple research institutes, plus Truckee Meadows Community College and<br />

three career colleges – combined with the University of Nevada, <strong>Reno</strong> –<br />

account for more than 40,000 avid young consumers in the market.<br />

40,000+ college and graduate students reside in <strong>Reno</strong>-Sparks


MARKET INFORMATION<br />

TOURISM<br />

Tourism Drives Local Economy<br />

Tourism is big business for <strong>Reno</strong>-Sparks: Visitors generate more than<br />

$4 billion annually for the local economy.<br />

Approximately 4.6 million tourists visited the <strong>Reno</strong>-Sparks area in 2012 –<br />

that’s considerably more than:<br />

•The country of Jamaica (3 million tourists estimated in 2011)<br />

•Yellowstone National Park (3.4 million visitors in 2011)<br />

•Vail Mountain, Colorado (1.75 million skier visits in 2011)<br />

And visitors, of course like to shop. Nearly 50% of visitors to <strong>Reno</strong>-Sparks<br />

reported shopping as one of their activities. Those who came to the area<br />

for the primary purpose of shopping spent $330 per person, per day.<br />

Overall, <strong>Reno</strong>-Sparks visitors hail from:<br />

1. California (39.1%) 2. Texas (5.1%)<br />

3. Florida (4.3%) 4. Nevada (4.1%)<br />

5. New York (3.7%) 6. Illinois (3.0%)<br />

7. Arizona (2.9%) 8. Ohio (2.8%)<br />

9. New Jersey (2.6%) 10. Washington (2.5%)


MARKET INFORMATION<br />

AREA EVENTS<br />

Exciting Events Fill the Calendar<br />

<strong>Reno</strong>-Sparks hosts an incredible selection of annual events, along with year-round<br />

dining and gaming excitement. From balloon races and rodeo nights to taste-tempting<br />

cook-offs, high-profile special events attract visitors from around the country – and<br />

locals love them, too.<br />

Must-see regional events include:<br />

Name of Event<br />

Number of Attendees<br />

Hot August Nights 800,000<br />

Best in the West Nugget Rib Cook-off 500,000<br />

Artown 350,000<br />

National Championship Air Races 200,000<br />

The Great <strong>Reno</strong> Balloon Races 140,000<br />

<strong>Reno</strong> Rodeo 140,000<br />

US Bowling Congress Championships 100,000<br />

<strong>Reno</strong> Tahoe Open 50,000<br />

<strong>Reno</strong> River Festival 44,000<br />

The Outlets at Legends makes the most of popular regional events with special tie-in<br />

activities that support retailers and drive traffic to the center.<br />

For example, as a major sponsor of the community’s annual Hot August Nights, the<br />

center created Hot August Nights Legendary Shopping, which includes free shuttle<br />

service to the property from all major resorts for a day of shopping, music and prizes,<br />

plus the high-gloss “Legends Show and Shine” car show.<br />

Photo credit: Visit<strong>Reno</strong>Tahoe.com


MARKET INFORMATION<br />

AREA EVENTS<br />

Places to See and Be Seen Abound<br />

The <strong>Reno</strong>-Sparks area holds hundreds of events throughout the year – attracting more than 1.3 million<br />

people – that fuel the tourist economy. From stock shows and bowling tournaments to concerts and<br />

conventions, a wide range of events draws visitors to <strong>Reno</strong>-Sparks.<br />

A strong set of crowd-pleasing venues makes this possible, including:<br />

Venue About Numbers<br />

<strong>Reno</strong> Aces Ballpark Seasonal 9,100 capacity<br />

Lawlor Events Center Year-round multi-purpose arena 11,500 capacity<br />

<strong>Reno</strong> Events Center Year-round 150,748 annually<br />

<strong>Reno</strong> National Bowling Stadium Year-round 78 Championship lanes 204,177 annually<br />

<strong>Reno</strong>-Sparks Livestock Events Center Year-round 6,200 capacity 444,553 annually<br />

Pioneer Center for the Performing Arts Year-round 1,500 capacity<br />

<strong>Reno</strong>-Sparks Convention Center Year-round 500,000 square feet 310,824 annually<br />

<strong>Reno</strong>-Sparks is a recreation destination – a place where kayaks and climbing walls share the same<br />

stage as casinos and cabarets. With more than 300 days of sunshine each year, <strong>Reno</strong>-Sparks is a<br />

regional hub for a wide variety of outdoor recreation activities.<br />

The area boasts the largest concentration of ski resorts in North America and more than 100 miles of<br />

hiking and biking trails. PGA-caliber courses stretch from high deserts to stunning lakes – more than<br />

50 within a 90-minute drive of <strong>Reno</strong>.<br />

Photo credit: Visit<strong>Reno</strong>Tahoe.com


CONTACT INFORMATION<br />

Join the Legendary Shopping Experience -<br />

reach visitors and locals with a demonstrated passion for<br />

shopping in the dynamic <strong>Reno</strong>-Sparks market.<br />

For leasing, contact:<br />

SHARON WILKINS<br />

Director of Leasing<br />

RED <strong>Development</strong>, <strong>LLC</strong><br />

swilkins@reddevelopment.com<br />

425.222.4157 office | 425.241.0874 cell | 425.222.4159 fax<br />

RED has a track record for success, with a high-quality portfolio of more than 33 retail, commercial<br />

and mixed-used properties totaling more than 15 million square feet across 11 states.<br />

Resilient, Enterprising and Different, RED is a wholly integrated real estate company based in<br />

Arizona with exceptional projects across the West, including CityScape in downtown Phoenix and<br />

the new Rayzor Ranch Town Center in fast-growing Denton, Texas. www.reddevelopment.com<br />

A COMMERCIAL REAL ESTATE COMPANY

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