CBL PROPERTIES

CHERRYVALE MALLRockford, IL

HIGHLIGHTS

TRADE AREA 640,142 (2018 est.)

CENTER EMPLOYMENT 2,500 (est.)

YEAR OPENED 1973

NUMBER OF STORES 130

SIZE 849,253 square feet

FEATURED STORES Macy’s, JCPenney, Barnes & Noble, H&M, Victoria’s Secret, White House/Black Market, LOFT, Pandora, Chico’s, Bath & Body Works, Soma, and Francesca’s

WEBSITE ShopCherryvaleMall.com

CBL PROPERTIEScblproperties.com

NYSE: CBL

FOR LEASING:Allen Rock

p. 734.462.1100 ext. 5522 c. 423.802.9324Allen.Rock@cblproperties.com

CORPORATE OFFICE:CBL Center, Suite 500

2030 Hamilton Place BoulevardChattanooga, TN 37421-6000

423.855.0001

MALL OFFICE:7200 Harrison Ave., Suite 5

Rockford, IL 61112815.332.2451

CBL PROPERTIESCHERRYVALE MALLRockford, IL

TRADE AREA FACTS• Adjacent to CherryVale Mall is an upscale lifestyle center, The District

at CherryVale.

• Rockford is the largest city in Illinois outside of the Chicago metropolitan area, and is conveniently located just 65 miles northwest of Chicago’s O’Hare Airport.

• The aerospace industry has a very large presence in the Rockford area with over 100 companies making products which contribute to the aerospace industry, and two Tier 1 aerospace suppliers.

• There are 50% more engineers per capita in the Rockford area than the US average.

• A 4th major hospital has now opened in Rockford, further expanding Rockford’s position as a regional medical center. At present time there are over 12,000 people employed in the healthcare industry.

• The Rockford area is a sports mecca, with newly expanded state-of-the-art sports facilities making the Rockford area the premier sports center in the Midwest, hosting dozens of large sports tournaments throughout the year.

Chicago

Madison

90

39

9020

39

Bus20

Rockford

WIIL

43

FromBloomington

Milwaukee

88

MEDIAN AGE

2018 Estimate 43 43 43

POPULATION TRENDSPRIMARY

TRADE AREASECONDARY TRADE AREA

TOTAL TRADE AREA

2018 Estimate 342,252 296,890 640,142

2023 Projection 335,889 298,751 634,640

2010 Census 356,541 305,959 662,500

2018 Daytime Population Estimate 199,177 139,548 338,725

AVERAGE HOUSEHOLD INCOME

2018 Estimate $77,153 $72,628 $75,061

2023 Projection $95,643 $87,474 $91,848

2018-2023 % Change 23.96% 20.44% 23.36%

DEMOGRAPHICS

Source: 2010 Census; Scan/US 2018/2023 Estimates