PEABODY (BOSTON), MASSACHUSETTS

Transcription

1 PEABODY (BOSTON), MASSACHUSETTS

2 NORTH SHORE A WEALTH OF OPPORTUNITY Northshore Mall serves greater Boston s growing and affluent North Shore market, as well as Southern New Hampshire s coastal communities. Nearby Salem, Massachusetts attracts visitors from all over the world to its historic sites. With an above-average annual household income and populous area, the market offers a stable community of affluent shoppers. From 2014 to 2019, the population is set to increase 4.7%. Local universities and colleges, including Salem State University, which enrolls over 9,000 students, and Endicott College, which enrolls 4,900 students, have significantly expanded degree programs and on-campus housing.

3 WHAT S NEW AT NORTHSHORE MALL Northshore Mall is embarking on a major redevelopment that will dramatically reinvent its food offerings and exterior landscape. The multimillion-dollar project is slated for completion in April The first phase of this transformation will include two new delicious dining destinations at Northshore Mall. Bancroft & Co., a modern steakhouse, and Tony C s Sports Bar & Grill, a unique sports-themed restaurant named to honor Boston Red Sox legend and North Shore native Tony Conigliaro, are both expected to open in Spring Additional highlights of the redeveloped dining district and significant exterior enhancements will include: Two additional fast-casual dining concepts and one full-service restaurant with al fresco patio dining. New outdoor seating to complement the new sophisticated exterior finishes and a fresh array of landscaping elements. Renovated restrooms within the existing food area. New way-finding signage throughout the property and a contemporary new entrance to the existing food area. Outdoor stage for performances and events.

4 A CHIC EXPERIENCE Shoppers at Northshore Mall enjoy an upscale shopping atmosphere with a distinctive selection of retailers. More than 150 specialty stores and restaurants offer a variety of options, including jewelry, women s apparel, and sporting goods. Nearly 7,000 parking spaces provide ample parking year round. Outlot tenants include Barnes & Noble, The Container Store, Shaw s Supermarket, Toys R Us, and ULTA Beauty.

5 BY THE NUMBERS Anchored by Five Department Stores Nordstrom, Macy s, Macy s Men s, JCPenney, Sears Square Footage Northshore Mall spans 1,591,000 square feet. Two Levels Boasting more than 150 stores. Restaurants Six sit-down restaurants. 17 eatery options to satisfy a variety of tastes and offering a range of price points.

6 IN GOOD COMPANY Upscale. Classic. Chic. Many fine brands have chosen Northshore Mall as their preferred location in greater Boston. ALDO Banana Republic Burtons Grill Chipotle Mexican Grill Clarks DSW H&M J.Crew J.Jill Legal Sea Foods The Lego Store Lush Michael Kors Na Hoku Not Your Average Joe s Sephora Starbucks Talbots Victoria s Secret

7 POSITIONED TO SUCCEED Northshore Mall is just 15 miles north of downtown Boston. The mall is conveniently located at the intersection of Routes 128 and 114 in Peabody, Massachusetts. Upscale shoppers from northeast Boston and the New Hampshire Seacoast have access to the mall from both I-95 and US 1. MBTA provides daily bus transportation to and from the mall, while Cape Ann Transportation Authority provides transportation to Northshore Mall on Saturdays , , , , $99, $109, , $446,834 Information as of 5/1/17. Source: SPG Research; trade area demographic information per STI: PopStats (2016).

8 DESTINATION SHOPPING Northshore Mall s shopper base includes a large influx of tourists during the summer and fall. During the summer, hundreds of thousands of tourists, both domestic and international, flock to the coastal towns and beaches, including Marblehead, Salem, Manchester by the Sea, and Gloucester. Beach vacations along the 30 miles of coastline are especially popular with families. In October, Salem s annual Haunted Happenings event series attracts hundreds of thousands, mostly domestic tourists. Nearby Marblehead and Salem feature historic sites where visitors can explore important events from the American Revolution.

9 Haverhill 11 Methuen Nashua 8 Methuen Town 9 Lawrence Rowley Ipswich Gloucester l Boxford Lowell 93 Andover 95 Topsfield Essex Rockport TRADE AREA BOUNDARY Danvers 495 Littleton Common Pinehurst Wilmington Reading Lynnfield Peabody 1 7 Beverly 10 Salem Burlington Wakefield Marblehead West Concord Maynard 95 3 Lexington Woburn Winchester Arlington Stoneham Medford Melrose Malden 14 Saugus Revere Lynn Swampscott Nahant Waltham Belmont 2 Somerville Everett Chelsea ugh 90 Watertown Town Cambridge Winthrop Town N 0 5 MILES Framingham Cochituate Newton 12 Brookline Boston TRADE AREA & COMPETITION Simon Centers Competition 1 Northshore Mall 2 Assembly Row 3 Burlington Mall 4 Cambridgeside Galleria 5 Copley Place 6 Faneuil Hall Marketplace 7 Liberty Tree Mall 8 The Loop 9 The Mall at Rockingham Park 10 MarketStreet Lynnfield 11 Pheasant Lane Mall 12 The Shops at Chestnut Hill 13 The Shops at Prudential Center 14 Square One Mall

10 SR 114 / ANDOVER ST. CROSS ST. THE CONTAINER STORE MACY S SMOKEY BONES BAR & FIRE GRILL SEARS PROSPECT ST. MACY S FURNITURE & MEN S STORE LEGAL SEA FOODS BARNES & NOBLE NORTHSHORE MALL SHAW S SUPERMARKET ULTA BEAUTY NORDSTROM JCPENNEY THE CHEESECAKE FACTORY TOYS R US ESSEX CENTER DR. SR 128 N AERIAL OVERVIEW

11 KEY DEPARTMENT STORES ANCHOR STORES RESTAURANTS RETAIL GROCERY SR 128 / ESSEX CENTER RD. TOYS R US ESSEX CENTER DR. SHAW S ULTA SUPERMARKET BEAUTY NORDSTROM BARNES & NOBLE MACY S FURNITURE & MEN S STORE PROSPECT ST. THE CHEESECAKE FACTORY JCPENNEY NOT YOUR AVERAGE JOE S LEGAL SEA FOODS SEARS CHIPOTLE MEXICAN GRILL MACY S SMOKEY BONES BAR & FIRE GRILL CROSS ST. THE CONTAINER STORE SR 114 / ANDOVER ST. N SITE PLAN SITE PLAN

12 UNPRECEDENTED OPPORTUNITY Northshore Mall presents a unique opportunity for your brand. Please contact the following leasing professional for more information. Rich Lobkowicz (781) x2227 richard.lobkowicz@simon.com

13 225 West Washington Street Indianapolis, IN (317) simon.com Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG).