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Retail Development

Retail Development. University of Washington November 4, 2010. Kemper Development Company and Retail Development. F. Kemper Freeman, Jr. Chairman & CEO Kemper Development Company. Future Importance of China. Eastside Economy. The Bellevue Collection Downtown Bellevue - 1946.

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Retail Development

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  1. Retail Development University of Washington November 4, 2010

  2. Kemper Development Company and Retail Development F. Kemper Freeman, Jr.Chairman & CEOKemper Development Company

  3. Future Importance of China

  4. Eastside Economy

  5. The Bellevue CollectionDowntown Bellevue - 1946

  6. The Bellevue CollectionDowntown Bellevue - 2010

  7. The Bellevue Collection1980 – 41% leakage in Retail Sales

  8. The Bellevue Collection2005 – 257% Positive Capture of Retail Sales

  9. The Bellevue CollectionAdjacency

  10. The Bellevue CollectionPortfolio Overview • Locally focused • Market Leader is several forms of commercial real estate • Diversified by asset class in search of synergy • Privately held • Ranked 23rd of top 100 real estate companies in US by McGraw Hill Assorted land and underdeveloped parcels are not included in totals above.

  11. Financial Consequences of Retail Jim MelbyPresidentKemper Development Company

  12. Retail Economics

  13. Retail Economics

  14. Retail Economics

  15. Retail Economics

  16. Retail Economicswith Percentage Rent

  17. Lincoln Square • Started in 1998 by Canadian developer • Purchased by KDC in 2003 • Includes: • Retail – 300,000 sf • Hotel – 337 room Westin • Residential – 148 condos • Garage – 1,700 stalls • Office – 540,000 sf Kemper Development 2010

  18. Lincoln SquareOffice Building economic value created by retail

  19. Lincoln Square Office Building History Acquire Lincoln Square Approached by Eddie Bauer Approached by Eddie Bauer Commence Office Construction Open Office Building Source: CB Richard Ellis

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