PENSACOLA PRIME AREA FOR DEVELOPMENT

Transcription

1 PENSACOLA, FLORIDA

2 PENSACOLA PRIME AREA FOR DEVELOPMENT Cordova Mall serves the Pensacola market of over 457,000 people. The area maintains a large military and Department of Defense presence. Pensacola is home to the U.S. Navy s Blue Angels and the National Naval Aviation Museum, which has been named the 14th Best Museum in the Country by Trip Advisor. Pensacola International Airport (PNS), University of West Florida, Pensacola State College, and three major hospitals are located less than 15 minutes from the center. Current developments include the following for 2017: downtown Pensacola has begun construction on a $50-million mixed-use project anticipating 260 apartments plus office and retail space, a $15-million YMCA, and the 30,000-square-foot expansion of one of Pensacola s most prized local organizations - Institute for Human & Machine Cognition. The Navy Federal Credit Union is undergoing a massive 1.5-million-square-foot expansion plan. Phase one will feature 400,000 square feet of office space housing 2,000 employees. Phase two will add 1.1 million square feet accommodating 5,000 employees.

3 WHERE PENSACOLA SHOPS Cordova Mall is the preeminent shopping center in the Pensacola Bay area and is the largest regional enclosed mall in northwest Florida. The center features more than 120 specialty stores and restaurants. Cordova Mall attracts visitors from both northwest Florida and northeast Alabama. The property sits at the heart of the major retail corridor of Pensacola and is the most desired retail location in the market. Victoria s Secret is expanding to a new, larger location in 2017 and adding their Pink line. International retailer H&M is joining Cordova Mall s exceptional lineup of retailers in 2017.

4 BY THE NUMBERS Anchored by Seven Major Retailers Belk, Dillard s, Bed Bath & Beyond, Best Buy, Dick s Sporting Goods, Ross Dress for Less, World Market Square Footage Cordova Mall spans 929,000 square feet. Single Level Boasting more than 120 stores and restaurants.

5 IN GOOD COMPANY Distinctive. Classic. Stylish. Many fine brands have chosen Cordova Mall as their preferred location in the Pensacola market.

6 CONTEMPORARY DINING An exceptional mix of trendy culinary destinations offers a unique dining experience for both locals and tourists. BJ s Restaurant & Brewhouse Longhorn Steakhouse Moe s Southwest Grill Nippon Express Panera Bread Pieology Red Robin Romano s Macaroni Grill Zoës Kitchen

7 POSITIONED TO SUCCEED Cordova Mall is the only regional mall in Pensacola, Florida. It is located at the busy intersection of North Ninth Avenue (25,000 ADT) and Bayou Boulevard (23,500 ADT). Cordova Mall is less than one mile east of I-110 and two miles south of I-10, strategically positioned to draw from the entire Pensacola region. Sacred Heart Hospital, one of the area s largest employers, and Pensacola State College are both located across the street from the mall, contributing to Cordova s strong daytime population. The Pensacola International Airport (PNS) served 1.6 million travelers in 2015 and is directly east of the center , , , , $66, $72, , $183,175 Information as of 5/1/17. Source: SPG Research; trade area demographic information per STI: PopStats (2016).

8 Brewton East Brewton 65 Riverview Atmore Flomaton Pollard Loc Century Jay TRADE AREA BOUNDARY Laurel Hill Bay Minette Crestview Molino 3 Loxley 10 Gonzalez Pace Milton Bagdad 10 Robertsdale Eglin Air Force Base Ensley Ferry Pass Niceville Summerdale Foley 7 Elberta Brent Bellview Pensacola Goulding Myrtle Grove Warrington Gulf Breeze 1 Wright 5 Cinco Bayou Eglin AFB Lake Lorraine Valparaiso 6 N 0 8 Destin 2 4 Mirama MILES Gulf Shores Orange Beach TRADE AREA & COMPETITION Simon Centers Competition 1 Cordova Mall 2 Destin Commons 3 Eastern Shore Centre 4 Grand Boulevard 5 Santa Rosa Mall 6 Silver Sands Premium Outlets 7 Tanger Outlets

9 PENSACOLA INTERNATIONAL AIRPORT BED BATH & BEYOND DICK'S SPORTING GOODS BELK CORDOVA MALL AIRPORT BLVD. BEST BUY WORLD MARKET DILLARD'S PIEOLOGY SR 296 / BAYOU BLVD. LONGHORN STEAKHOUSE JARED THE GALLERIA OF JEWELRY ZOËS KITCHEN PANERA BREAD RED ROBIN MOE S SOUTHWEST GRILL ROMANO S MACARONI GRILL BJ S RESTAURANT & BREWHOUSE SR 289 / N. 9TH AVE. N AERIAL OVERVIEW

10 KEY DEPARTMENT STORES ANCHOR STORES RESTAURANTS RETAIL AIRPORT BLVD. DICK S SPORTING GOODS BELK BEST BUY BED BATH & BEYOND WORLD MARKET DILLARD S PIEOLOGY ZOËS KITCHEN PANERA BREAD RED ROBIN MOE S SOUTHWEST GRILL ROMANO S MACARONI GRILL SR 296 / BAYOU BLVD. LONGHORN STEAKHOUSE JARED THE GALLERIA OF JEWELRY BJ S RESTAURANT & BREWHOUSE N SR 289 / 9TH AVE. SITE PLAN

11 UNIQUE OPPORTUNITY Cordova Mall presents a unique opportunity for your brand. Please contact the following leasing professional for more information. Ryan Backs T (317) M (317) rbacks@simon.com

12 225 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).