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a~NFrt)ENTtAi.. & PRTYII.I;G1:n <br />Vi--'ORI PRC)I)i;C;'T <br />Appendix G (cont'd) <br />Regency Centers -Pleasanton <br />Fiscal Analysis Memo <br />October 8, 2007 <br />Page 13 of 17 <br />Home Depot: <br />Home Depot's Annual Report (2006) cites 364,000 employees over 2,147 retail stores <br />company-wide. This equals an average of 169 full and part-time employees per store. The <br />annual report also cites average Home Depot retail stores as 105,000 square feet. The <br />average store size divided by the total number of Home Depot employees <br />(364,000/2,147) equals 169 employees per store. By dividing the average store size by <br />169 (105,000/169), the result is approximately 619 square feet per employee. Therefore, <br />at a store of 141,192 square feet, 155 full-time and 73 part-time jobs are projected (228 <br />total jobs). <br />Longs Drug: <br />Longs Annual Report (2006) cites 21,900 employees over 509 retail stores company- <br />wide. This equals an average of 43 full and part-time employees per store. The annual <br />report also cites average Long's retail stores as 23,000 square feet. The average store size <br />divided by the total number of Long's employees (21,900/509) equals 43 employees per <br />store. By dividing the average store size by 43 (23,000/43), the result is approximately <br />535 square feet per employee. Therefore, at a store of 15,789 square feet, 16.2 full-time <br />and 13.3 part-time jobs is projected (29.5 total). <br />Stores A, B, C & Pad Retail: <br />Unlike Home Depot and Longs, specific estimates of employees and store numbers were <br />not available for many retail users within Stores A, B, C and the Pad Retail. As a result, <br />industry standard benchmark employment estimates were used. Any currently "Vacant" <br />stores were allocated 1 employee per 500 SF with the anticipation that the vacancy will <br />not exist at full stabilized operation. <br />Sources: <br />• Home Depot 2006 Annual Report <br />• Long's Drug 2006 Annual Report <br />• Retail market research <br />Tuts snaryois u for~uslrative Wrootn arW M rat a guarantee 01 crawl >mavar 1Unlle resWts. ProJeq yro forma rna px sviyses aro <br />prgeexarx onry. PttuN resu8a m.y atfle. mweruty hom Base e.prassea n aas.anelyeis. <br />kos'mQn 18501 Yentum BArd. swu 5t1 Enact Ca8tomla 81438 pn tlt8.981,s4al4 !ar $18.984.8588 w..tw,MOemont.coT <br />