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<br />DEVELOPMENT MANAGEMENT SERVICES <br />Ramsey, Minnesota <br /> <br />bbpc <br /> <br />ASSOCIATES <br /> <br />These services have been provided to a wide range of clients including the nation's largest institutional investors and development <br />companies as well as small development organizations and state and local government. <br /> <br />Qualifications McComb Group, Ltd, <br /> <br />Market research for shopping centers, office buildings and residential developments has been a primary activity of McComb Group, <br />Ltd. for the past 30 years. Our experience ranges from: <br /> <br />. Convenience centers to mega malls; <br />. Small office buildings to office towers such as Norwest Center and City Center; <br />. Business and industrial parks; <br />. Residential subdivisions, townhomes, apartments, condominiums and senior housing; <br />. New urbanism developments including offices and services mixed with residential. <br /> <br />We have worked in markets as small as Biwabik, Minnesota and as large as New York City. Geographically, our experience ranges <br />from Cape Cod to Los Angeles and Vancouver to Miami. The diversity of our experience provides an understanding of what types of <br />retail, service, and office uses can be supported by different size markets. <br /> <br />The firm's market research capabilities and proprietary purchasing power model have been utilized to determine the size or <br />supportable square footage for convenience centers, neighborhood centers, community centers, regional malls, neighborhood <br />shopping areas, and central business districts. Municipalities rely on McComb Group, Ltd. to determine the amount of retail space <br />that can be supported within their community based on the pace of residential development and full build,out retail potential. This <br />analysis takes into consideration the geography of the community and the relationship to existing and potential competitive <br />commercial areas or shopping centers. This analysis determines the potential for convenience, neighborhood, community, and <br />regional shopping concentrations based on each community's unique location and growth potential. <br /> <br />McComb Group, Ltd. has extensive experience in determining the number, size and type of retail stores that can be supported by <br />different size population and household trade areas. This experience was gained by working on actual shopping centers whose actual <br />retail sales derived from the trade area could be determined and analyzed with respect to trade area purchasing power by store type. <br /> <br />Retail and service purchasing power represented by trade area households is calculated using McComb Group's proprietary <br />purchasing power model. This model makes it possible to estimate sales potential for over 150 types of retail and service <br />establishments and is based on the new NAICS codes. Based on our past experience, we can estimate the likely sales potential for <br />individual store types at any location. This permits us to determine if sufficient sales potential exists to support individual retail or <br />service establishments. This analysis permits us to craft a tenant mix that can be supported by households living within the identified <br />trade area for any proposed development. <br /> <br />Basile Baumann Prost Cole & Associates <br /> <br />qJ <br />