185,000 ADT

80

Pinole Square

PROPOSED ±13 ACRE REDEVELOPMENTOPENING FALL OF 2019

Pinole Square

Major East Bay RegionalShopping Center RedevelopmentServing ±235,000 residents in the immediate trade area

PINOLE, CALIFORNIA

Matt KircherLic. 01037365+1 415 613 1545 matt.kircher@cbre.com

Meaghan HaleyLic. 01889217+1 415 772 0202 meaghan.haley@cbre.com

Pinole Square

2 | PINOLE SQUARE

Pinole Square

© 2017 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Location Map

Pinole Square

3 | PINOLE SQUARE

PROJECT DESCRIPTIONDeveloped by Hillsboro Properties in 1964, Pinole Square has been anchored by Safeway and CVS (Longs Drug Stores) for the last 50+ years. This ±13 acre retail redevelopment is centrally located to be both a regional and neighborhood serving center. This site is located at the south west quadrant of Interstate 80 and Appian Way. Pinole Square Shopping Center redevelopment, scheduled to open in Fall of 2017, will have space available for anchor tenants, junior anchors, shop space, restaurants, quick service restaurants, and drive-thru pads.

TRADE AREACentrally located within the Pinole, Hercules, Richmond and San Pablo trade area, this vibrant retail market is home to the 1.3 million square foot Hilltop Mall, anchored by Macy’s, Hilltop Auto Plaza as well as Target, TJ Maxx, ULTA, Michael’s Arts & Crafts, BevMo!, Toys R’ Us, Best Buy, Orchard Supply Hardware, ULTA and Cinemark.

The Pinole Square trade area is 14 miles north of East Bay Bridge Center & Bay Street in Emeryville and 12.5 miles South of Gateway Plaza in Vallejo. Within a 15-minute drive time, there are 276,992 residents with an average household income of $79,939 and over 80,000 employees. 185,000 vehicles drive by Pinole Crossings via I-80 everyday, the main commute corridor between the San Francisco Bay Area to the Central Valley.

1-mile 3-mile 5-mile Trade Area

Population 16,022 85,761 154,060 233,966AVG. HH Income $77,589 $75,545 $65,094 $77,207Daytime Population 3,048 23,924 37,832 65,097

DEMOGRAPHICS

VISIBILITYPinole Square has very strong visibility to Interstate-80. (185,000 cars passing per day as I-80 is

the primary freeway linking San Francisco Bay Area to the Central Valley)

ACCESS

Direct I-80 access via full interchange at Appian Way, with fully signalized primary access.

SIGNAGEProject currently has one pylon sign with visibility from I-80. Redevelopment potentially allows

for additional pylon and major improvements of existing pylon

PARKINGShopping Center will be parked a 4:1,000 rati.

TENANTS IN THE PINOLE MARKET:

TRAFFIC COUNTSI-80 @ Appian Way (Caltrain 2014) 185,000 ADTAppian Ave intersection (80 W Bound) – 13,302 ADT – City of Pinole (2006)

Highlights

185,000

Tara Hills Drive

Appian Way

(14,628 ADT)

Pinole Square

4 | PINOLE SQUARE

Oblique of Existing Center

Pinole Square

5 | PINOLE SQUARE

Project Site Plan

Hilltop Mall(1.11 Million SF of Retail)

Walmart

Hilltop Auto Plaza

Hilltop Plaza

Pinole Vista Crossing

Pinole Vista

Pinole Square

185,000 ADT

Appian Way - 14,628 ADT

Pinole Square

6 | PINOLE SQUARE

Oblique of Immediate Retail Trade Area

Pinole Square

7 | PINOLE SQUARE

Retail Trade Area Aerial

Pinole Square

8 | PINOLE SQUARE

Regional Aerial

^

SanFrancisco

Bay

San Pablo Bay

Suisun Bay

Carquinez Stra it

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UnionPacific

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Bay Area Rapid TR

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Burl ington Northern Santa Fe

Cen ter Ave

Carlson Blvd

El Po rtal Dr

Rose Dr

23rd

St

SanPablo

Ave

Barrett Ave

Poin

t San Pedro Rd

Willow Ave

Hillt o

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Cutting Blvd

Rum

r ill

Blvd

Benicia Rd

MacDonald Ave

SanP

ab lo DamRd

Parker

Ave

Pino leVa

l ley Rd

Potrero Ave

Lake H erman Rd

Military West St

Pac hec o Blvd

Howe

Rd

Cummings Skwy

Ap

pian Way

Shel

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Amend R

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San Pablo

Ave

Castro Ra n chR

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Am

ador St

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Arnold Dr

ReliezVa lley

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22nd

St

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Alhambra Valley

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ValleyVie w

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Har

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Ashbury Ave

Rich

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Lemon St

F itzge

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BerrellesaSt

Garvin Ave

Bear Creek Rd

Gia

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Arl ington Blvd

E 2nd St

Marina Vista Av

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Croc kett B

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Alhambra Ave

ST4

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Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AeroGRID, IGN, and the GIS User Community

5 Mile Ring

Legend

^ Pinole Square

5 Minute Drive Time

10 Minute Drive Time

15 Minute Drive Time

3 Mile Ring

1 Mile Ring

Trade

Are

a

Pinole Square

9 | PINOLE SQUARE

Trade Aerial

Pinole Square

10 | PINOLE SQUARE

Demographic and Income Comparison ProfileAppian 802150 San Pablo Ave, Pinole, California, 94564 Latitude: 38.00493Rings: 1, 3, 5 mile radii Longitude: -122.29171

1 mile 3 miles 5 milesCensus 2010 Summary

Population 15,774 85,175 152,123Households 5,928 30,128 51,954Families 4,162 21,917 37,288Average Household Size 2.66 2.81 2.90Owner Occupied Housing Units 4,165 20,689 33,638Renter Occupied Housing Units 1,763 9,439 18,316Median Age 39.7 39.6 37.7

2014 SummaryPopulation 16,022 85,761 154,060Households 6,001 30,281 52,465Families 4,208 22,010 37,634Average Household Size 2.66 2.81 2.90Owner Occupied Housing Units 4,079 20,196 32,825Renter Occupied Housing Units 1,922 10,084 19,640Median Age 40.4 40.3 38.2Median Household Income $77,589 $75,545 $65,094Average Household Income $91,577 $89,300 $82,613

2019 SummaryPopulation 16,670 88,713 160,150Households 6,229 31,306 54,464Families 4,366 22,748 39,066Average Household Size 2.67 2.81 2.91Owner Occupied Housing Units 4,178 20,717 33,785Renter Occupied Housing Units 2,050 10,589 20,679Median Age 40.9 40.4 38.5Median Household Income $84,818 $82,745 $75,858Average Household Income $103,425 $101,699 $94,437

Trends: 2014-2019 Annual RatePopulation 0.80% 0.68% 0.78%Households 0.75% 0.67% 0.75%Families 0.74% 0.66% 0.75%Owner Households 0.48% 0.51% 0.58%Median Household Income 1.80% 1.84% 3.11%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2014 and 2019.

April 13, 2015

©2014 Esri Page 1 of 7

Business SummaryAppian 802150 San Pablo Ave, Pinole, California, 94564 Latitude: 38.00493Rings: 1, 3, 5 mile radii Longitude: -122.29171

Data for all businesses in area 1 mile 3 miles 5 milesTotal Businesses: 899 4,674 7,647Total Employees: 3,048 23,924 37,832Total Residential Population: 16,022 85,761 154,060Employee/Residential Population Ratio: 0.19:1 0.28:1 0.25:1

Employees Employees Employeesby SIC Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number PercentAgriculture & Mining 10 1.1% 27 0.9% 71 1.5% 349 1.5% 131 1.7% 653 1.7%Construction 61 6.8% 171 5.6% 346 7.4% 1,012 4.2% 587 7.7% 1,809 4.8%Manufacturing 17 1.9% 86 2.8% 107 2.3% 3,580 15.0% 180 2.4% 4,583 12.1%Transportation 34 3.8% 142 4.7% 181 3.9% 893 3.7% 283 3.7% 1,500 4.0%Communication 3 0.3% 8 0.3% 27 0.6% 72 0.3% 57 0.7% 152 0.4%Utility 1 0.1% 1 0.0% 10 0.2% 264 1.1% 24 0.3% 468 1.2%Wholesale Trade 21 2.3% 46 1.5% 139 3.0% 587 2.5% 226 3.0% 1,107 2.9%

Retail Trade Summary 101 11.2% 585 19.2% 624 13.4% 6,056 25.3% 1,068 14.0% 8,152 21.5%Home Improvement 4 0.4% 97 3.2% 21 0.4% 399 1.7% 32 0.4% 440 1.2%General Merchandise Stores 1 0.1% 5 0.2% 16 0.3% 1,138 4.8% 24 0.3% 1,389 3.7%Food Stores 9 1.0% 97 3.2% 58 1.2% 686 2.9% 124 1.6% 1,167 3.1%Auto Dealers, Gas Stations, Auto Aftermarket 8 0.9% 28 0.9% 56 1.2% 827 3.5% 98 1.3% 1,011 2.7%Apparel & Accessory Stores 5 0.6% 10 0.3% 64 1.4% 315 1.3% 96 1.3% 469 1.2%Furniture & Home Furnishings 8 0.9% 14 0.5% 47 1.0% 208 0.9% 73 1.0% 258 0.7%Eating & Drinking Places 35 3.9% 233 7.6% 191 4.1% 1,748 7.3% 325 4.3% 2,342 6.2%Miscellaneous Retail 31 3.4% 100 3.3% 170 3.6% 735 3.1% 295 3.9% 1,077 2.8%

Finance, Insurance, Real Estate Summary 77 8.6% 275 9.0% 382 8.2% 1,610 6.7% 552 7.2% 2,128 5.6%Banks, Savings & Lending Institutions 9 1.0% 81 2.7% 44 0.9% 345 1.4% 62 0.8% 463 1.2%Securities Brokers 2 0.2% 5 0.2% 15 0.3% 33 0.1% 20 0.3% 41 0.1%Insurance Carriers & Agents 19 2.1% 47 1.5% 66 1.4% 258 1.1% 88 1.2% 308 0.8%Real Estate, Holding, Other Investment Offices 46 5.1% 141 4.6% 256 5.5% 975 4.1% 382 5.0% 1,315 3.5%

Services Summary 444 49.4% 1,514 49.7% 2,158 46.2% 8,624 36.0% 3,503 45.8% 15,399 40.7%Hotels & Lodging 1 0.1% 2 0.1% 8 0.2% 166 0.7% 13 0.2% 195 0.5%Automotive Services 12 1.3% 39 1.3% 75 1.6% 229 1.0% 149 1.9% 492 1.3%Motion Pictures & Amusements 16 1.8% 51 1.7% 109 2.3% 434 1.8% 171 2.2% 1,178 3.1%Health Services 87 9.7% 419 13.7% 240 5.1% 1,248 5.2% 368 4.8% 2,746 7.3%Legal Services 5 0.6% 11 0.4% 43 0.9% 111 0.5% 59 0.8% 143 0.4%Education Institutions & Libraries 15 1.7% 255 8.4% 82 1.8% 1,531 6.4% 145 1.9% 2,812 7.4%Other Services 308 34.3% 737 24.2% 1,600 34.2% 4,904 20.5% 2,598 34.0% 7,833 20.7%

Government 11 1.2% 194 6.4% 32 0.7% 874 3.7% 52 0.7% 1,877 5.0%

Unclassified Establishments 120 13.3% 0 0.0% 597 12.8% 2 0.0% 984 12.9% 3 0.0%

Totals 899 100.0% 3,048 100.0% 4,674 100.0% 23,924 100.0% 7,647 100.0% 37,832 100.0%Source: Copyright 2014 Dun & Bradstreet, Inc. All rights reserved. Esri Total Residential Population forecasts for 2014.

April 13, 2015Prepared by Esri

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Demographic and Income Comparison ProfileAppian2150 San Pablo Ave, Pinole, California, 94564 Latitude: 38.00481Drive Times: 5, 10, 15 minute radii Longitude: -122.29198

5 minutes 10 minutes 15 minutesCensus 2010 Summary

Population 24,925 127,434 273,224Households 9,020 44,471 94,941Families 6,455 31,316 65,236Average Household Size 2.76 2.83 2.85Owner Occupied Housing Units 6,525 28,220 54,369Renter Occupied Housing Units 2,495 16,251 40,572Median Age 39.5 38.0 36.4

2014 SummaryPopulation 25,071 128,751 276,992Households 9,049 44,826 96,000Families 6,466 31,533 65,890Average Household Size 2.76 2.84 2.85Owner Occupied Housing Units 6,354 27,454 52,861Renter Occupied Housing Units 2,695 17,372 43,139Median Age 40.1 38.5 36.9Median Household Income $72,436 $63,920 $55,911Average Household Income $86,219 $79,939 $73,850

2019 SummaryPopulation 25,894 133,612 288,075Households 9,330 46,477 99,763Families 6,661 32,682 68,436Average Household Size 2.77 2.84 2.86Owner Occupied Housing Units 6,490 28,223 54,445Renter Occupied Housing Units 2,840 18,253 45,318Median Age 40.4 38.8 37.3Median Household Income $80,088 $75,086 $64,160Average Household Income $97,384 $91,053 $84,473

Trends: 2014-2019 Annual RatePopulation 0.65% 0.74% 0.79%Households 0.61% 0.73% 0.77%Families 0.60% 0.72% 0.76%Owner Households 0.42% 0.55% 0.59%Median Household Income 2.03% 3.27% 2.79%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2014 and 2019.

April 13, 2015

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Business SummaryAppian2150 San Pablo Ave, Pinole, California, 94564 Latitude: 38.00481Drive Times: 5, 10, 15 minute radii Longitude: -122.29198

Data for all businesses in area 5 minutes 10 minutes 15 minutesTotal Businesses: 1,410 6,800 14,759Total Employees: 5,875 35,039 80,092Total Residential Population: 25,071 128,751 276,992Employee/Residential Population Ratio: 0.23:1 0.27:1 0.29:1

Employees Employees Employeesby SIC Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number PercentAgriculture & Mining 17 1.2% 40 0.7% 109 1.6% 562 1.6% 248 1.7% 1,057 1.3%Construction 96 6.8% 255 4.3% 492 7.2% 1,469 4.2% 1,139 7.7% 4,450 5.6%Manufacturing 32 2.3% 202 3.4% 147 2.2% 4,077 11.6% 411 2.8% 8,010 10.0%Transportation 52 3.7% 188 3.2% 257 3.8% 1,304 3.7% 474 3.2% 3,849 4.8%Communication 5 0.4% 12 0.2% 48 0.7% 132 0.4% 96 0.7% 357 0.4%Utility 2 0.1% 5 0.1% 20 0.3% 389 1.1% 37 0.3% 1,025 1.3%Wholesale Trade 30 2.1% 73 1.2% 200 2.9% 958 2.7% 498 3.4% 3,017 3.8%

Retail Trade Summary 184 13.0% 1,910 32.5% 971 14.3% 8,448 24.1% 2,127 14.4% 15,298 19.1%Home Improvement 5 0.4% 176 3.0% 29 0.4% 644 1.8% 71 0.5% 878 1.1%General Merchandise Stores 5 0.4% 221 3.8% 26 0.4% 1,554 4.4% 40 0.3% 1,911 2.4%Food Stores 21 1.5% 291 5.0% 95 1.4% 1,042 3.0% 272 1.8% 2,671 3.3%Auto Dealers, Gas Stations, Auto Aftermarket 13 0.9% 78 1.3% 95 1.4% 1,034 3.0% 199 1.3% 1,641 2.0%Apparel & Accessory Stores 11 0.8% 78 1.3% 93 1.4% 469 1.3% 168 1.1% 811 1.0%Furniture & Home Furnishings 16 1.1% 84 1.4% 68 1.0% 258 0.7% 169 1.1% 727 0.9%Eating & Drinking Places 65 4.6% 722 12.3% 310 4.6% 2,408 6.9% 625 4.2% 4,424 5.5%Miscellaneous Retail 48 3.4% 261 4.4% 256 3.8% 1,040 3.0% 583 4.0% 2,236 2.8%

Finance, Insurance, Real Estate Summary 109 7.7% 475 8.1% 498 7.3% 2,074 5.9% 960 6.5% 3,733 4.7%Banks, Savings & Lending Institutions 14 1.0% 126 2.1% 66 1.0% 535 1.5% 120 0.8% 924 1.2%Securities Brokers 4 0.3% 10 0.2% 19 0.3% 40 0.1% 32 0.2% 76 0.1%Insurance Carriers & Agents 23 1.6% 98 1.7% 82 1.2% 309 0.9% 143 1.0% 601 0.8%Real Estate, Holding, Other Investment Offices 68 4.8% 240 4.1% 331 4.9% 1,189 3.4% 666 4.5% 2,132 2.7%

Services Summary 690 48.9% 2,514 42.8% 3,137 46.1% 13,774 39.3% 6,792 46.0% 31,042 38.8%Hotels & Lodging 2 0.1% 16 0.3% 15 0.2% 206 0.6% 49 0.3% 427 0.5%Automotive Services 21 1.5% 72 1.2% 133 2.0% 414 1.2% 311 2.1% 1,523 1.9%Motion Pictures & Amusements 26 1.8% 71 1.2% 142 2.1% 967 2.8% 327 2.2% 1,771 2.2%Health Services 112 7.9% 543 9.2% 354 5.2% 2,563 7.3% 707 4.8% 5,514 6.9%Legal Services 8 0.6% 16 0.3% 65 1.0% 161 0.5% 134 0.9% 324 0.4%Education Institutions & Libraries 27 1.9% 537 9.1% 122 1.8% 2,308 6.6% 294 2.0% 5,629 7.0%Other Services 494 35.0% 1,259 21.4% 2,306 33.9% 7,154 20.4% 4,969 33.7% 15,854 19.8%

Government 12 0.9% 201 3.4% 52 0.8% 1,849 5.3% 170 1.2% 8,231 10.3%

Unclassified Establishments 181 12.8% 0 0.0% 869 12.8% 2 0.0% 1,807 12.2% 23 0.0%

Totals 1,410 100.0% 5,875 100.0% 6,800 100.0% 35,039 100.0% 14,759 100.0% 80,092 100.0%Source: Copyright 2014 Dun & Bradstreet, Inc. All rights reserved. Esri Total Residential Population forecasts for 2014.

April 13, 2015Prepared by Esri

©2014 Esri www.esri.com/ba 800-447-9778 Try it Now! Page 1 of 2

Demographic and Income Comparison ProfilePolygon 28Area: 75.86 square miles Latitude: 37.98339742

Longitude: -122.291354

Census 2010 SummaryPopulation 230,319Households 79,476Families 55,275Average Household Size 2.87Owner Occupied Housing Units 47,316Renter Occupied Housing Units 32,160Median Age 36.6

2014 SummaryPopulation 233,966Households 80,503Families 55,915Average Household Size 2.88Owner Occupied Housing Units 46,151Renter Occupied Housing Units 34,351Median Age 37.0Median Household Income $58,201Average Household Income $77,207

2019 SummaryPopulation 243,928Households 83,827Families 58,184Average Household Size 2.88Owner Occupied Housing Units 47,632Renter Occupied Housing Units 36,195Median Age 37.5Median Household Income $67,125Average Household Income $88,105

Trends: 2014-2019 Annual RatePopulation 0.84%Households 0.81%Families 0.80%Owner Households 0.63%Median Household Income 2.89%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2014 and 2019.

April 13, 2015

©2014 Esri Page 1 of 5

Business SummaryPolygon 28Area: 75.86 square miles Latitude: 37.98339742

Longitude: -122.291354

Data for all businesses in areaTotal Businesses: 11,624Total Employees: 65,097Total Residential Population: 233,966Employee/Residential Population Ratio: 0.28:1

Employeesby SIC Codes Number Percent Number PercentAgriculture & Mining 187 1.6% 1,154 1.8%Construction 878 7.6% 3,273 5.0%Manufacturing 339 2.9% 8,029 12.3%Transportation 414 3.6% 3,721 5.7%Communication 81 0.7% 319 0.5%Utility 38 0.3% 1,082 1.7%Wholesale Trade 417 3.6% 2,886 4.4%

Retail Trade Summary 1,589 13.7% 11,005 16.9%Home Improvement 58 0.5% 780 1.2%General Merchandise Stores 33 0.3% 1,730 2.7%Food Stores 202 1.7% 1,556 2.4%Auto Dealers, Gas Stations, Auto Aftermarket 155 1.3% 1,373 2.1%Apparel & Accessory Stores 131 1.1% 561 0.9%Furniture & Home Furnishings 113 1.0% 383 0.6%Eating & Drinking Places 474 4.1% 3,056 4.7%Miscellaneous Retail 423 3.6% 1,567 2.4%

Finance, Insurance, Real Estate Summary 755 6.5% 2,983 4.6%Banks, Savings & Lending Institutions 87 0.7% 663 1.0%Securities Brokers 26 0.2% 55 0.1%Insurance Carriers & Agents 108 0.9% 541 0.8%Real Estate, Holding, Other Investment Offices 535 4.6% 1,725 2.6%

Services Summary 5,318 45.8% 24,046 36.9%Hotels & Lodging 29 0.2% 319 0.5%Automotive Services 224 1.9% 727 1.1%Motion Pictures & Amusements 242 2.1% 1,434 2.2%Health Services 500 4.3% 3,930 6.0%Legal Services 98 0.8% 240 0.4%Education Institutions & Libraries 252 2.2% 4,688 7.2%Other Services 3,973 34.2% 12,709 19.5%

Government 138 1.2% 6,589 10.1%

Unclassified Establishments 1,471 12.7% 10 0.0%

Totals 11,624 100.0% 65,097 100.0%Source: Copyright 2014 Dun & Bradstreet, Inc. All rights reserved. Esri Total Residential Population forecasts for 2014.

April 13, 2015Prepared by Esri

©2014 Esri www.esri.com/ba 800-447-9778 Try it Now! Page 1 of 2

Trade Area

Trade Area

Demographics