Peninsula Town Center (PTC) is a mixed-use shopping center serving the Hampton Roads (Virginia Beach-Norfolk-Newport News) market. PTC underwent a complete redevelopment in 2008, and is currently in the midst of expansion, including a new three-story hotel, a newly constructed Floor & Décor (75,000 SF opened in September 2018), SkyZone (25,000 SF, opened in December 2019), and a new 162-unit luxury apartment complex located adjacent to the offering. PTC is anchored by a combination of successful traditional and experiential retailers including Target (planned extensive 2020 interior renovation), J.C. Penney, H&M, PetSmart, and Studio Movie Grill. The center is uniquely designed with a “town center” street-level layout complete with a dog-friendly policy, two parks, and walkable shops. This layout, diverse tenant mix, and the immediately surrounding apartments and hotels encourage prolonged consumer stays at the center. Per Placer.AI, approximately 1.1 million unique consumers visited Peninsula Town Center 6.6 million times in the past year, more than any other center in the Peninsula or Hampton Roads area. The site is well-located at the intersection of Interstate 64 and Mercury Boulevard, the primary east/west thoroughfare through the Hampton Roads market. It is located within close proximity to the Langley Air Base and NASA Langley Research Center, which employs over 16,000 professionals and are central locations within the defense-driven Hampton economy. In addition, the site is well-located within close proximity to the Hampton Coliseum, Hampton Roads Convention Center, and Boo Williams Sportplex youth sports complex, with a combined 1,000,000+ annual visitors. The Shops at Peninsula Town Center draws from a broad 5-mile trade area featuring a population over 200,000 residents, more than 124,000 employees and an average household income exceeding $67,000. Peninsula Town Center sits in the heart of the trade area and has seen over 6.6 million visits in the last 12 months, demonstrating a high volume of traffic to the center.