KMA Leasing Brochure

the

vibrant place to be.

4

THE CENTER FOR WEST O‘AHU

7

WEST O‘AHU MARKET HIGHLIGHTS

8

CENTER FEATURES

10

SITE PLAN

12

KEY RETAILERS

14

THE GROVE AT KA MAKANA ALI‘I

17

UNPARALLELED LOCATION

19

VISITOR ORIGIN

20

2019 TRADE AREA DEMOGRAPHICS

22

HONOLULU RAIL SYSTEM

24

KO OLINA RESORT

28

KO OLINA RESIDENTIAL GROWTH

30

TRADE AREA CONSUMER PROFILES

31

HAWAI‘I’S HIGHEST REGIONAL TRADE AREA

33

MARKETING SUPPORT

35

VIBRANT EXPERIENCES

3

Ka Makana Ali‘i — The Center for West O‘ahu For years, West O‘ahu residents sought a fresh, new place to work, gather, share, be entertained and call their own. When Ka Makana Ali‘i opened its doors in 2016, our neighbors celebrated.

Now serving as the premier gathering place for the community, the Center has earned a reputation for offering hip and trendy fashions, unique shopping, award-winning events and entertainment, exceptional happy hours, one-of-a kind cultural experiences and numerous foodie finds. A strategic partnership between the Center and the State Department of Hawaiian Home Lands guarantees ongoing financial support for programs benefitting Native Hawaiian interests statewide for decades to come, making Ka Makana Ali‘i a true heart of this community.

4

EXCITE

EXPLORE

WEST O‘AHU’S BOOMING RESIDENTIAL, EMPLOYMENT, AND LUXURY RESORT MARKET trade area highlights • Ka Makana Ali’i’s trade area covers a 10-mile radius with over 400,000 people within a

15-minute drive • 24.9% population growth over the past 12 years • 80,000+ homes projected to be built through 2030 • 5.9% historical annual (residential) growth rate • 9 public schools with 5 more new school sites approved • A 6.5-mile drive to Ko Olina Resort: 9,200 rooms at full build out

- Anticipated groundbreaking in 2020 of the first Atlantis Hotel in the United States developed by China Oceanwide, with completion expected by 2027 • Ka Makana Ali’i and Ko Olina Resort are two of the largest employers in West Oahu 7

SHOP, DINE, PLAY AND DISCOVER Hawai‘i’s first regional shopping center to be built in the past 30 years, the 600,519 square-foot regional shopping center features:

30+

Restaurants and eateries

125+

Exciting stores

Luxury

State-of-the-art luxury theatres

175-Key

Healthy

Hampton Inn & Suites by Hilton

Daily needs lifestyle center

THE SITE Ka Makana Ali‘i’s tenant mix is a curated collection of local and international shopping and dining experiences that appeal to residents, visitors and our military neighbors.

Boasting many unique and international brands, such as H&M, G by Guess, The Cheesecake Factory and American Eagle Outfitters, Ka Makana Ali‘i has become a destination among local residents and island visitors for fashion-forward trends, electronics, dining, happy hour and gifts.

With limited retail in Kapolei, the trade area is significantly underserved with 11 SF of shopping center square footage per capita versus 23 SF per capita nationally, positioning Ka Makana Ali‘i as the center to shop, dine, play and discover.

Ka Makana Ali‘i’s convenient location offers easy ingress and egress and excellent access to major thorough fares. The Center also provides ample parking, a complimentary resort shuttle, safe pedestrian walkways, a taxi service, bicycle racks and free electric car charging.

10

Ko Olina Resort

KEY RETAILERS

12

FA S H I O N

introducing

The Grove at Ka Makana Ali‘i, a community-centric 131,723-square foot daily needs Center, offers a variety of healthy lifestyle retailers, restaurants and services. The Grove is anchored by 24 Hour Fitness, PetSmart, Foodland Farms, and Straub Medical Clinic, an innovative health and wellness collaboration focused on primary care.

With only one hospital serving the Leeward community, the addition of Straub Medical Clinic will provide a much-needed option for families seeking health care. The extensive selections and convenience provided by local gourmet grocer Foodland Farms will help create synergy between the Center and The Grove.

14

KO OLINA RESORT Driving time to Ka Makana Ali’i is 10 minutes

ROOSEVELT AVE

KAPOLEI PKWY

THE GROVE at Ka Makana Ali‘i

GROWTH

UNPARALLELED LOCATION EDUCATION

Surrounded by a dynamic, growing community, Ka Makana Ali‘i is neighbored by nine public schools.. The Hawai‘i Department of Education has identified sites for five new public schools within five miles of the Center.

KUALAKA‘I PKWY

Ka Makana Ali‘i is just over a mile from the University of Hawai‘i’s new West Oahu Campus with 3,200 students enrolled and 15,000 expected at full enrollment. Approximately 10 miles East, Leeward Community College has 8,000 students enrolled.

TRANSPORTATION

The future Honolulu Area Rapid Transit rail stations provide local and regional access and will allow Ka Makana Ali‘i to serve an expanded trade area. The Kualaka‘i rail station is approximately a quarter mile from the Center.

TOURISM

Ko Olina Resort, a short 6.5-mile drive away, provides a reliable base of tourists, residents and employees to Ka Makana Ali‘i, The Center’s free resort shopping shuttle has seen consistent increases in ridership month over month. Ko Olina Resort is also the top employment center in the region.

17

Kahuku Point Kawela Bay

15 MILES

Kahuku

10 MILES TRADE AREA

Waimea Laie

Top 75% of Visits

Kawailoa Beach

1 2 3

Haleiwa Kaena Point

Waialua

Mokulē’ia

Punaluu

Ala Moana Center Pearlridge Center Waikele Premium Outlets

Kaawa

Waikāne Mililani

Mākaha

Kahalu‘u

Wai‘anae

He‘eia

Kaneohe

3

Pearl City

Mākākilo

Waimalu

Kailua

2

Waipahu Kapolei

Ko Olina Resort

Pearl Harbor

‘Ewa Beach Barbers Point

Waimanalo Kalihi Pacific Heights

Honolulu

1

Hawaii Kai

Ka Makana Ali‘i’s

CUSTOMER ORIGIN $104,966 Annual Household Income

Ka Makana Ali’i has a 10-mile trade area that covers more than 400,000 people within a 15-minute drive Ka Makana Ali‘i’s Customer Origin area extends more than 15 miles to the north and northwest past Schofield Barracks and past the Waianae area along the coast

TOP FIVE ZIP CODES BASED ON PERCENTAGE OF VISITS: 96706:

Ewa Beach

96707: Kapolei 96797: Waipahu 96792: Waianae 96789: Mililani

37.5% of Ko Olina guests visit the Center during their stay

71% of Visitors to Ka Makana Ali‘i live within 10 miles of the Center.

42% Have children younger than 18 living at home

29% Have a college or post-graduate degree

19

2019 TRADE AREA

DEMOGRAPHICS

KO OLINA RESORT

four distinct customer segments: trade area residents, tourists, daytime employment/military personnel, college students.

3 Mile

5 Mile

7 Mile

10 Mile

Estimated Population

93,886

164,776

223,658

400,292

Population Projection

100,318

173,030

233,537

414,687

1.33%

0.98%

0.87%

0.71%

$111,448

$110,766

$107,323

$104,966

34

34.6

34.3

35.8

Total Household

25,984

43,935

59,880

114,086

Families

21,460

36,158

48,448

90,252

3.6

3.71

3.63

3.42

5 Year Population Growth Average Household Income Median Age

Average Household Size

Source: ESRI

20

750

Ho‘opili (11,750)

Makakilo Homes & Lots (287) Makaiwa Hills (4,200)

UH WEST O‘AHU

Kahiwelo (474)

Year 2019: 3,200 enrollment Projection: 15,000 + enrollment & 1,800 residential units

East Kapolei Phase II (1,000)

KROC CENTER (12,600 members)

Ewa by Gentry (7,223) Kapolei West (2,500)

Villages at Kapolei (513)

93

Mehana (1,175)

Hunt Development (4,000)

Ocean Pointe at Hoakalei (4,850)

76 KALAELOA AIRPORT (John Rodgers Field)

CAMPBELL INDUSTRIAL PARK

THRIVE

HONOLULU RAIL SYSTEM

22

1

Kapolei*

8

Pearlridge Center

15 Kapalama

2

UH West O‘ahu

9

Aloha Stadium

16 Iwilei

3

Ho‘opili

10 Pearl Harbor Naval Base

17 Chinatown

4

West Loch

11 Honolulu International Airport

18 Downtown Honolulu

5

Waipahu Transit Center

12 Lagoon Drive

19 Civic Center

6

Leeward Community College

13 Middle Street Transit Center

20 Kaka‘ako

7

Pearl Highlands

14 Kalihi

21 Ala Moana Center

KAPOLEI

la Ku a

y w H gt on Fa r

rin

Station and Transit Centers:

* 1/4 mile from Ka Makana Ali‘i

2

(No ka‘i Parkway rth-S outh Road)

3

The Honolulu Rail Transit Project is an urban rail rapid transit system under construction in southern O‘ahu. The mostly-elevated system linking Kapolei to Ala Moana Center in urban Honolulu is slated to begin limited service between stations 1 and 9 in 2021. At capacity in 2030, the rail is projected to carry 119,600 passenger trips per day.

Stations Rail Route

Pearl City

6

7

Waipahu

8

5

‘Aiea

4 9

wy

H like e k i L

M

oa na

lua

Pearl Harbor

Hwy

Salt Lake

y

y w iH

11

Pa l

a Hw

meh

ad r Ro ave We Fort

eha

Kam

10

13 14

12

Honolulu International Airport

‘Ewa Beach

Kalihi 15 16 17

HONOLULU

18 19

[

West O‘ahu is the center of growth planning for the state of Hawai‘i, which has invested resources for roadways and infrastructure, including $1.55B in committed federal funding for a regional rail system connecting Honolulu and Kapolei.

[

Kaka‘ako

20

Ala Moana 21 Center

KO OLINA

the crown jewel of west o‘ahu Ka Makana Ali’i’s trade area is home to the most concentrated growth in high-end visitor accommodations. Ko Olina Resort alone boasts over 3,000 visitor rooms, villas and condominiums, with a 90% occupancy rate the majority of the year.

Ko Olina Kai Golf Estates and Villas 264 UNITS

Approximately 3,982 new hotel accommodations are planned in the trade area, with 382 units to be constructed within the next two years, and 2,250 units targeted for completion by 2024. Once completed, 9,200 visitor rooms will be available in West O‘ahu.

The number of Ko Olina Resort visitors that explored Ka Makana Ali’i during their stay increased from 30% in 2018 to 37.5% in 2019.

The Center’s resort shuttle has seen ridership increases month over month.

Ko Olina Resort Expansion Current and Near Future Visitor Units Four Seasons Hotels & Resorts

Aulani A Disney Resort

Beach Villas at Ko Olina

371 units

832 units

247 units

Marriott Vacation Club

Atlantis Ko Olina (to begin 2020)

949 units

1,500 units Source: OmniTrak

24

The Coconut Plantation 270 UNITS

Kai Lani 116 UNITS

A S H O RT 6 . 5 M I L E D R I V E

Ko Olina Hillside Villas 174 UNITS The Fairways at Ko Olina 280 UNITS

Malakole Harbor Ko Olina Golf Club

949 UNITS 247 UNITS

$280M $2B 1,500 UNITS (in permitting)

17-ACRE LAND ACQUISITION TO BEGIN 2020

832 UNITS

371 UNITS 5

O‘AHU’S MOST LUXURIOUS GROWING RESIDENTIAL AREA The number of Ko Olina residential units is expected to more than double in the next decade with an additional 3,895 units expected to be added by Atlantis, China Oceanwide, BMX Marina, TH Mauka, Golf Infill and Four Seasons.

New Residential Units

Atlantis Ko Olina

China Oceanwide

BMX Marina

775 / 375

250 / 200

545

TH Mauka

Golf Infill

340

1,360

Four Seasons Hotels & Resorts 50

Source: OmniTrak

27

OUR SHOPPERS a younger, more affluent shopper compared to the honolulu msa: • 57%

between the ages of 25 – 54 (vs. 47.1% MSA)

• 44%

live in households with >$100,000 household income (vs. 40% MSA)

• 42%

reside in a household that includes children (vs 33% MSA)

• The

average visit duration is 101 minutes – nearly 15 minutes longer than the average of other Hawai‘i regional shopping centers

• 37.5%

of Ko Olina Resort visitors explore the Center during their stay

Source: © 2019 Jones Lang LaSalle IP, Inc. All rights reserved.

28

33

TRADE AREA CONSUMER PROFILES pacific heights •

Composed of upscale neighborhoods

•

•

Median household income and net worth are much higher than US average

Well-insured and invested in a range of funds, from savings accounts or bonds to stocks

•

Favor time-saving devices and anything that enables convenience

•

Trendy residents who buy nice food and clothing, as well as the latest gadgets

enterprising professionals •

Young, fast-growing market

•

Makes over one and a half times more income than the US median

•

Strive to stay youthful and healthy, eat organic and natural foods, run and do yoga

Source: ESRI Tapestry Segmentation

30

soccer moms

boomburbs •

Well educated young professionals, 55% are college graduates

•

They are well connected: own the latest devices and understand how to use them efficiently; biggest complaints—too many devices and too many intrusions on personal time.

•

Financial planning is well under way for these professionals

HAWAI‘I’S HIGHEST-INCOME REGIONAL TRADE AREA OVER 400,000 CAPTIVE CONSUMERS 2018 Population

2018 Households

EXCELLENT MEDIAN HOUSEHOLD INCOME $100,000+ Households

$100,000

$98,268

$85,000

$94,397

93,886

25,984

$83,567 $82,900

$90,666

$90,000

Three Mile Radius

HIGH DISPOSABLE INCOME SOLIDIFIES RETAIL MARKET

$80,789

$87,053

$79,267

$75,000

12,766 $80,000

Five Mile Radius

164,776

43,935

20,829

$65,000 $70,000

Seven Mile Radius

223,658

59,880

27,040 $55,000

$60,000

Ten Mile Radius

400,292

114,086

48,975 $50,000

$45,000 3 Mile Radius

5 Mile Radius

7 Mile Radius

10 Mile Radius

3 Mile Radius

5 Mile Radius

7 Mile Radius

10 Mile Radius

Source: ESRI

31

CONNECT Social Media

Effectively communicates with today’s time-pressed consumers

Mobile Club

Subscriber based text message program that features tenant specials and Center promotions

ShopPings

Wi-Fi text message program that shares tenant specials when the shopper returns to the Center

Royal Insider

Consumer opt-in email program featuring center and tenant promotions

Website

Tenants are provided independent access to launch their own offers on the Center’s website

Experiential Marketing

Interactive programs designed to drive traffic and sales to the center and storefronts

Public Relations

Proactive services result in media coverage for the center and specific tenants

32

MARKETING SUPPORT Ka Makana Ali‘i is recognized nationally as a leader in the shopping center industry for integrating and maximizing its use of technology to share the Center’s news and activities – and more importantly, its tenant’s exciting offerings.

With the JLL digital marketing platforms, the Center’s marketing team creates initiatives that drive traffic, build shopper relationships and drive sales.

The Center’s marketing team also uses traditional marketing efforts, such as in-Center experiential outreach, public relations, broadcast media interviews and community outreach to create opportunities for tenant success.

33

THE VIBRANT PLACE TO BE Ka Makana Ali‘i offers unparalleled opportunities for tenants to participate in our multitude of events and activities.

The Center is the premier gathering place and entertainment hub for the community and hosts over 300 inspired promotions and events each year.

Some of the Center’s signature events have included quarterly fashion shows, a draft day and football camp featuring Pro Football Hall of Fame Wide Receiver Jerry Rice, a Monster X Tour truck display with Bigfoot driver AJ Straatmann, Holiday Snowing Tree, Hawai’i’s Steel Guitar Festival, Stop Motion Animation Film Festival, ʻŌlelo Hawaiʻi Hawaiian Language Classes, Fam Pajama Party and concert series with fireworks spectacular.

On-going programs include:

34

• Preschool Storytime

• Makana Kids Club

• Hula Performances

• Royal Insider Loyalty Program

• Stroller Strides

• Military Mondays

• Award-winning Hawaiian music concert series

• Keiki Yoga • Bi-weekly farmers market

5 35

THE STORY BEHIND THE NAME The name Ka Makana Ali‘i pays tribute to Prince Jonah Kūhiō Kalaniana‘ole who conceived of the Hawaiian Homes Commission Act allotting hundreds of thousands of acres of government land to Native Hawaiians. This permanent homeland is a perpetual gift and legacy that lives on today.

Deven D. Higa (S) Vice President, Retail Brokerage Tel 808.247.0616 deven.higa@am.jll.com Justin Katahira (S) Senior Associate, Retail Brokerage T: 1.808.392.8770 F: 1.808.203.5709 justin.katahira@am.jll.com 1585 Kapiolani Boulevard, Suite 1750 Honolulu, Hawai’i 96814

kamakanaalii.com

05.2019