The Promenade Bolingbrook

Transcription

1 The Promenade Bolingbrook Bolingbrook, (Chicago) Illinois

2 Imagine a village that s diverse, green, family-friendly, yet easily accessible to the SCHAUMBURG, IL wonders of the city that s Bolingbrook, Ill. And is its CHICAGO, IL downtown, appealing to a growing number of NAPERVILLE, IL local residents and neighboring communities TINLEY PARK through its many access roads. JOLIET, IL 10 MILES Lushly landscaped, home to a winning combination of national and local retail and restaurants, and an ipic Theaters, The Promenade Bolingbrook is the picture-perfect downtown for the picture-perfect family community. Bolingbrook, (Chicago) Illinois

3 Open-air lifestyle center with office space The downtown for a growing familyoriented market Exceptional access via I-355 and I-55 Rare LEED certified lifestyle center Property Description major roads I-355 & I-55 total sf 778,000 # of stores 73 # of parking 3,600 center description anchors key tenants Open-air, lifestyle center Macy s, Bass Pro Shops, ipic Theaters, Barnes & Noble Coach, Pandora, C zar Aveda Lifestyle Salon & Spa, Bar Louie, H&M, Forever 21, Mago Grill & Cantina, Ted s Montana Grill, Francesca s at the Promenade, Charming Charlie, Gordon Biersch Brewery & Restaurant THE CENTER THE MARKET STARWOOD

4 Bolingbrook: among Best Places to Live in US Money Magazine THE CENTER THE MARKET STARWOOD

5 Blends retail, dining and entertainment Destination shoppers from a growing community Varied retail mix serves multiple markets and tastes Restaurants with cuisines that span the globe Choices for Multiple Audiences 30 miles southwest of downtown Chicago High visibility to more than 114,000 cars daily on I-355 Close to Metra the fourth busiest commuter rail system in the US, offering quick access to Chicago Spans Will and DuPage Counties, two of the top five most populous counties in Illinois Includes 40,000 square feet of fully occupied office space THE CENTER THE MARKET STARWOOD

6 Stunning visual enhancements in a beautiful outdoor setting

7 Growing residential market of families Trade area boasts average household incomes of $114,500 with over 40% of households earning $100,000+ Award-winning schools A Growing Market: A Place to Grow High home ownership: 80% vs 65% nationally 20% of housing starts and buildable lots are in Will County, tops in Chicagoland New development of 300 luxury apartments adjacent to property Nearly 64% of trade area households shop $115,000 average shopper income 59% of shoppers have children at home High purchase incidence of 94% Average spend per visit exceeds $100 THE CENTER THE MARKET STARWOOD

8 More than 110,000 people live or work within three miles Top Chicago region for housing starts Strong hotel base draws domestic and international visitors Annual consumer expenditures are well above US Primary Trade Area Average Household Expenditures $2,988 on food away from home, 19% above US $2,379 on apparel, 21% above US $1,174 on personal care products and services, 20% above US $744 on home furnishings, 18% above US $1,081 on sports and recreation, 25% above US THE CENTER THE MARKET STARWOOD

9 Oakbrook Center Yorktown Center OAK BROOK Downtown Naperville LISLE CHICAGO MIDWAY AIRPORT Distance to Competition Downtown Naperville Driving 9 mi, 20 min Fox Valley Mall NAPERVILLE Janes Avenue 12,900 AADT The Promenade Bolingbrook BURR RIDGE Fox Valley Mall Driving 12 mi, 26 min Louis Joliet Mall Driving 14 mi, 26 min Boughton Road BOLINGBROOK Oakbrook Center Driving 14 mi, 21 min 30,100 AADT LEMONT Yorktown Center Driving 11 mi, 21 min PLAINFIELD I-55 ORLAND PARK The Promenade Bolingbrook is the only regional shopping destination in the primary trade area. 141,100 AADT I ,300 AADT Louis Joliet Mall Legend Primary Trade Area Secondary Trade Area Competition Access Roads (AADT= annual average daily traffic) 3 MILES THE CENTER THE MARKET STARWOOD

10 OAK BROOK Navistar International (HQ) LISLE Benedictine University Area Attractions Award-winning Bolingbrook Golf Club Centennial Beach NAPERVILLE I-55 BURR RIDGE Drury Lane Theater and Conference Center DuPage Children's Museum The Promenade Bolingbrook Hidden Lakes Park Illinois Aviation Museum ULTA (HQ) WeatherTech BOLINGBROOK AMITA Health Adventist Hospital Salisbury by Honeywell LEMONT Argonne National Lab (HQ) Rocket Ice Arena Performing Arts Center Colleges Lewis University Benedictine University Combined enrollment: 8,400 PLAINFIELD I-55 I-355 Legend ORLAND PARK Primary Trade Area Secondary Trade Area 3 MILES Lewis University Colleges Key Employers THE CENTER THE MARKET STARWOOD

11 Demographics PTA 1 STA 2 TTA 3 US Avg Population 2017 estimate 471, ,330 1,109,445 Population By Race 2022 projection 473, ,935 1,129,478 % growth % 2.8% 1.8% 3.8% White 73% 79% 76% 70% Black 10% 6% 8% 13% Asian 8% 9% 8% 6% Hispanic Ethnicity 18% 11% 14% 18% Median Age % age % 14% 14% 14% % age 25 to 44 25% 24% 24% 26% % age 45 to 64 28% 28% 28% 26% Households 2017 estimate 164, , ,047 Average Household Income 2022 projection 165, , , households with kids under 18 39% 41% 41% 34% 2017 estimate $100,996 $124,381 $114,454 $80,853 % earning $100, % 47% 43% 26% 2022 projection $108,111 $132,667 $122,348 $87,464 Education % college educated 67% 75% 72% 59% Business & Employment 1-MILE 3-MILE 5-MILE 10-MILE business establishments 321 2,554 7,138 36,433 daytime employment 5,202 34,623 87, ,927 Aggressive economic and residential expansion along I-355 corridor Bolingbrook suburbs rank in the top 10 Chicago metro for total retail sales Illinois Department of Revenue Bolingbrook retail sales outpaced other Chicago suburbs, exceeding prerecession levels since 2012 Illinois Department of Revenue DuPage and Will counties rank in the top 20 in Illinois for social and economic wellbeing County Health Rankingsh and Roadmap Program 1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area THE CENTER THE MARKET STARWOOD

12 Predominant Market Lifestyle Segments Accumulated Wealth 32% Families & couples age 50+ Upscale, college-educated baby boomers Sprawling suburban homes Disposable cash and sophisticated tastes Enjoy top-of-the-line electronics, sporting equipment, cars and vacations Affluent Empty Nesters 24% Upscale couples age 45+ with children College-educated, holding executive and professional positions Disposable cash with active lifestyles Involved in the community Indulge in travel, cultural events, and exercise equipment Young Achievers & Accumulators 12% Married, upper-middle class families with children Tech savvy singles and couples Mix of mid-career, professional and managerial jobs Enjoy the outdoors and entertainment activities Favor team sports and kidfriendly technology Conservative Classics 11% Upper-middle-class age 55+ Childless singles and couples College-educated Enjoy comforts of home, gardening, reading, and entertaining Frequent patrons to museums, the theater, and casual-dining restaurants THE CENTER THE MARKET STARWOOD

13 Starwood Retail Partners: A New Kind Of Owner For A New Generation Of Retail Starwood Retail Partners is not your father s or your grandfather s landlord. We re acquiring, redeveloping, managing, leasing and operating the next generation of shopping centers for a new generation of shoppers: active, exciting community cores for an increasingly interconnected consumer. Owned by Starwood Capital Group, we ve grown our portfolio to 30 centers in 16 states across the United States since our founding in 2012, working with top-tier investment firms to help finance our properties, and employing the talents and skills of the most creative professionals in the business to maximize their value. We build solid relationships and partner with our retailers to ensure that they are in the right property at the right time, with the right deal to support their success now and in the future. We invest in innovative technologies that help our properties become more productive, our stores more exciting and our shoppers more engaged. We understand that ultimately, as an owner, as an employer and as a citizen of our communities, it s not about property, it s about people. California Metreon Northridge Mall Parkway Plaza Plaza West Covina Solano Town Center Colorado Belmar Connecticut Blue Back Square Florida The Mall at Wellington Green Westland Mall Georgia The Collection at Forsyth Illinois The Arboretum of South Barrington Chicago Ridge Mall Louis Joliet Mall Indiana Southlake Mall Kentucky Hamburg Pavilion Michigan Fairlane Town Center The Mall at Partridge Creek Montana Rimrock Mall Nebraska Gateway Mall North Carolina Northlake Mall Ohio Belden Village Mall Franklin Park Mall Great Northern Mall SouthPark Mall Texas The Shops at Willow Bend Virginia MacArthur Center Stony Point Fashion Park Washington Capital Mall Kitsap Mall Mark Salman / Director, Leasing / / msalman@starwoodretail.com Bill Cikalo / Director, Big Box Leasing & Development / / bcikalo@starwoodretail.com Jake Miller / Senior Associate, National Restaurant and Entertainment Leasing Central / / jmiller@starwoodretail.com Bryant Siragusa / Vice President, National Restaurant and Entertainment Leasing / / bsiragusa@starwoodretail.com Naumann Idrees / Vice President, Leasing West / / nidrees@starwoodretail.com Michael Powers / Senior Vice President, Leasing / / mpowers@starwoodretail.com Sources: The Nielsen Company; State Department of Transportation; State and Local Economic Development Resources 11/29/17 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL THE CENTER THE MARKET STARWOOD