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B.  Criteria for Regional Malls and Large Shopping Centers


USA (Texas, Illinois, Georgia, Florida, North Carolina, Washington, Virginia, Massachusetts, Michigan,

          Maryland, Colorado and Pennsylvania only)


Minimum Land Size 20 Acres
Maximum Size 2,000 Acres
Minimum Building Size 150,000 square feet or more
Occupancy 50% or better (can consider others if there is potential)
Anchor Tenants Prefer stable, AAA rated national tenants, but flexible
Age 25 years or less
Price 25% below market value or better
Traffic Count 40,000 per day (minimum)
Population within 5 mile radius 150,000 (minimum)

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