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CONFIDENTIAL & PRI~'7LE(TEI) <br />Vv"ORR PRODUCT <br />Regency Centers -Pleasanton <br />Fiscal Analysis Memo <br />October 8, 2007 <br />Page 12 of 17 <br />Anaendix G: Permanent Job Estimate Table and Methodology <br /> Full Part Total Full Part Total Full Part Total <br />Home Depot* 141,192 619 155.0 73.0 228.0 155.0 73.0 228.0 155.0 73.0 228.0 <br />Longs Drug* 15,789 535 16.2 13.3 29.5 16.2 13.3 29.5 16.2 13.3 29.5 <br />Stores A** <br />Sandwich Shop 1,500 250 3.6 2.4 6.0 3.6 2.4 6.0 3.6 2.4 6.0 <br />Hair Salon 1,000 250 2.4 1.6 4.0 2.4 1.6 4.0 2.4 1.6 4.0 <br />Food User 1,500 250 3.6 2.4 6.0 3.6 2.4 6.0 3.6 2.4 6.0 <br />Food User 1,500 250 3.6 2.4 6.0 3.6 2.4 6.0 3.6 2.4 6.0 <br />Vacant 2,000 500 2.4 1.6 4.0 2.4 1.6 4.0 2.4 1.6 4.0 <br />Bank <br />------ 4,000 <br />-------- <br />---- 250 <br />------------ 9.6 <br />-------- 6.4 <br />--------- 16.0 <br />-------- 9.6 <br />--------- 6.4 <br />--------- 16.0 <br />--------- 9.6 <br />--------- 6.4 <br />--------- 16.0 <br />--------- <br />------------- <br />Subtotal - <br />11,500 - <br />-- 25.2 16.8 42.0 25.2 16.8 42.0 25.2 16.8 42.0 <br />Stores B** <br />Pizza Restaurant 3,500 250 8.4 5.6 14.0 8.4 5.6 14.0 8.4 5.6 14.0 <br />Juice Shop 900 175 3.1 2.1 5.1 3.1 2.1 5.1 3.1 2.1 5.1 <br />Nail Salon 1,900 250 4.6 3.0 7.6 4.6 3.0 7.6 4.6 3.0 7.6 <br />Vacant 1,200 500 1.4 1.0 2.4 1.4 1.0 2.4 1.4 1.0 2.4 <br />Countr~WafFle___ _____ 2:500 ____333 ___ ____ 4.5 _____3:0 ____7 5 ____4.5 ____ 3.0 _____7 5 ____4 5 3.0 <br />--------- 7.5 <br />--------- <br />Subtotal 10,000 -- 22.0 14.7 36.7 22.0 14.7 36.7 22.0 14.7 36.7 <br />Stores C** <br />Food User 1,500 250 3.6 2.4 6.0 3.6 2.4 6.0 3.6 2.4 6.0 <br />Food User 1,500 250 3.6 2.4 6.0 3.6 2.4 6.0 3.6 2.4 6.0 <br />Wine Store 1,600 333 2.9 1.9 4.8 2.9 1.9 4.8 2.9 1.9 4.8 <br />Burgers 2,000 333 3.6 2.4 6.0 3.6 2.4 6.0 3.6 2.4 6.0 <br />Vacant 3.400 500 4:1 ____ 2.7 ____6 8 ____4:1 ___ 2.7 ____ 6:8 ____4:1 2.7 <br />--------- 6.8 <br />--------- <br />------------------- <br />Subtotal ____ <br />- <br />10,000 ____ <br />___ <br />-- ____ <br />17.8 11.8 29.6 17.8 11.8 29.6 17.8 11.8 29.6 <br />Pad Retail** <br />Chinese Food 2,200 250 5.3 3.5 8.8 5.3 3.5 8.8 5.3 3.5 8.8 <br />Vacant 1,000 500 1.2 0.8 2.0 1.2 0.8 2.0 1.2 0.8 2.0 <br />Starbucks <br />--- 1,800 <br />-------------- 250 <br />------------- 4.3 <br />--------- 2.9 <br />--------- 7.2 <br />-------- 4.3 <br />--------- 2.9 <br />--------- 7.2 <br />--------- 4.3 <br />-------- 2.9 <br />--------- 7.2 <br />--------- <br />---------------- <br />Subtotal 5,000 -- 10.8 7.2 18.0 10.8 7.2 18.0 10.8 7.2 18.0 <br />Total 193,481 -- 301.2 172.9 474.0 301.2 172.9 474.0 301.2 172.9 474.0 <br />* Home Depot reports 68% of its employees are full-time; Longs reports that 55% of its employees are full-time <br />" Specific infom-afion on the percentage of full-time versus part-time employees was not available for Stores A, 8, C <br />and Pad. Kosmont assumed that for these users, 60% of employees were full-time and 40% part-time <br />Kosmont conducted research through public annual reports for Long's Drug and Home <br />Depot and utilized industry-standard averages for additional retail product types. A <br />commonly used metric in estimating combined full and part-time permanent employees is <br />by "employees-per-square foot." <br />?hn anarysis b,pf tAYella,iW purPoala 1xt0 n Jq, a 9wrrnee o, aUUN arM/pt,vhba roua,s. ProjeU po,ama aM tat a+wygs rro <br />Dry orgy. AUuad roaW,a may Oi„ar rnetetreNy kom tlwae exprosaW 'n tl,is amyaa. <br />kasmo„ n,~„ ,asap +ien,wa ewa. suae s,i en~ra caMwn~e 9,aaa Ph a+e.se~.uaa +a>s aie.ea,.esee w+.w.rbenwm.can <br />