Owned & Managed by Handel Investments LLC 721 Boardman Poland Road, Suite 101, Boardman, Ohio 44512 330-758-2424 www.shopsatboardmanpark.com
general market overview shops at boardman park is in Boardman Township, just south of the city of Youngstown. Boardman, one of Ohio s largest townships has experienced strong growth over the last 10 years and is regarded as one of the most desirable residential and commercial locations in the region. The majority of commercial growth in Boardman has occurred along the US 224 corridor between I-680 and SR 7, Mahoning County s largest retail corridor. shops at boardman park is the hub to this area. Since retail expanded into Boardman in the 50 s, Route 224 has become a focal point. About 10,000 businesses call Boardman Township home, drawing more than 100,000 people to township limits during the day to eat, shop, work and play. shops at boardman park has been at the forefront of this development with a 97% occupancy rate achieved in 2011 with the addition of six retail shops. There has been a dramatic amount of growth. But the biggest and most noticeable change is that the center of Boardman used to be the mall, and now it s the Shops at Boardman Park. James Grantz, broker associate, Edward J Lewis Inc.
project description Situated on a 60-acre site with over one-quarter mile frontage on US Route 224 in Boardman Township, Shops at Boardman Park has become the dominant retail force in the region. This project commands a strong market position, located one mile east of the Southern Park Mall. It is further strengthened by national tenants that absolutely dominate their respective market segments. The anchor line-up for the Shops 500,000 plus square foot center include Target (125,000 sq.ft.), Kohl s Department Store (88,560 sq.ft.), T J Maxx/ Home Goods (53,000 sq. ft.), Value City Furniture (50,000 sq.ft.), Best Buy (45,000 sq.ft.), Office Max (29,930 sq.ft.), Barnes & Noble (25,000 sq.ft.), Cinemark Movies 8 (27,000 sq.ft.), and Old Navy (15,000 sq.ft.). Complementing this line-up of national tenants is an impressive list of small shops. Totaling almost 75,000 square feet, these tenants include Chuck-e-Cheese, Ulta Beauty, Party Max, Dollar Tree, Hallmark Showcase, Fashion Bug, five below, Famous Footwear, Quaker Steak & Lube, Salsitas Mexican, Vitamin Shoppe, Justice for Girls, America s Best, Panera Bread, H & R Block, Bath & Body Works, Scottrade, T Mobile, Caribou Coffee, Sally Beauty, Coldstone Creamery, Famous Hair, Chipotle Mexican Grille, and Wendy s. The combination of the project s unequaled tenant strength and its dominating location insures the continued success of The Shops at Boardman Park. No other project in the Youngstown region offers a more conducive environment for retail success.
trade area/accessibility Shops at Boardman Park s primary trade area extends north to the Youngstown central business district, east to the city of New Castle, Pennsylvania, south to the village of New Waterford and west to SR 534. The area contains 145,210 people. Meanwhile, the median household income is $41,619.(see Market Profile). Extensive marketing research has shown that Shops primary trade area is a seven mile radius including Boardman (44512), Poland (44514), Canfield (44406) Youngstown South (44511), North Lima ( 44452 ), Austintown (44515) and Struthers (44471). Our secondary yet significant trade area extends to a 10-12 mile radius to Youngstown North (44507-10), Lowellville( 44436) and Columbiana (44408). Data based research has also shown shops at boardman park draws significant number of shoppers from across the PA line in the New Castle area. Shops is well positioned to fully take advantage of these high discretionary income areas in Youngstown s southern suburbs. Shops at Boardman Park is easily accessible to the entire Mahoning County, Trumbull County, as well as the northern part of Columbiana County, and Western Pennsylvania. Located on US 224, to major four-lane east-west arterial in the Mahoning Valley, it is also benefits from its close proximity to I-680, SR 7 and SR 11. All three of these routes are well traveled and provide easy access to the Shops. Recent traffic counts conducted revealed average traffic counts of approximately 50,000 cars along the US 224 corridor between South Avenue and Southern Boulevard during an average 24 hour period.
competition S Center Name/ Location Distance Opene d Anchors GLA (000) US 224 in Boardman, along which shops at boardman park is situated, is a regional retail destination. With fifteen competing and complementary retail facilities in the immediate vicinity, a significant regional retail market is attracted. With close access and proximity to I-680 and SR 11, coupled with our unique tenant mix, Shops has proven to be one of the area s primary retail shopping destinations. Southern Park Mall Less than 1MW 1970 1292 JCPenney s 262 Macy s 187 Sears 178 Dillards 134 Boardman Plaza 2MW 1951 641 Hobby Lobby 123 Burlington Coats Michael s Crafts Giant Eagle 58 Southland Crossing 1M/E 1996 506 Bed Bath & Beyond Plaza Walmart 126 Lowes 130 Gaint Eagle 77 Dick s Sporting Goods 50 Across from SABP 82 2000 Bed Bath & Beyond Pier One Shoe Carnival Joanne etc Plaza 1MW 96 Guitar Center Joanne s etc Once Upon A Child TRADE AREA FREESTANDING RETAIL STORES Toys r Us Less than 1MW SEQ US 224& Southern Blvd Home Depot Southern Blvd Less than 1M/E Gabriel Brothers Less than 1 M /E US RT 224 Vacant (Forner Circuit City) SWQ US RT 224 Kmart US RT 224 Sam s Club South Avenue 1M/W 1M/E 1ME Presidential Plaza 1/2 ME Talbots Ham n/ More Gamestop J Lawrence Menswear Tiffany Plaza 1M/E 1989 Marc s Catullo s Meats TGI Fridays Tiffany Square 1M/E 175 Vacant ( Value City) NC Tire Center Xtreme Fitness
Office Max Five Below Famous Footwear Fashion Bug Hallmark Showcase Old Navy Chuck e Cheese Ulta Beauty Party Max Dollar Tree Quaker Steak & Lube Salsitas Mexican Vitamin Shoppe Justice for Girls America s Best Panera Bread H & R Block Bath & Body Works Scottrade T Mobile Caribou Coffee Sally Beauty Coldstone Creamery Famous Hair Chipotle Mexican Grille Wendy s Target Kohl s T J Maxx/HomeGoods Value City Furniture Best Buy Barnes & Noble Cinemark Movies 8 S
Market Profile shops at boardman park Zip Codes 44512, 44514, 44515, 44406, 44511, 44452, 44471 Boardman, Poland, Austintown, Canfield, Youngstown South, North Lima, Struthers TOTAL POPULATION 142,504 MALE FEMALE 67,689 74,815 Population by Age: Population under 20 Years 36,207 Population 60 Years and Over 33,279 Average Age of Total Population 40.6 Median Age of Total Population 40.7 Total Households 62,938 Median Household Income $41,619 HH Income Under $50K 57.3% HH Income $50K-$100K 30.3% HH Income Over $100K 8.6% Average Home Value $107,382 Stability /Newcomer Appeal* 65.3% * Same home 5 + years occupations marital status Never Married 23.4% Married 56.9% Separated 1.2% Widowed 9% Divorced 9.3% *persons 15yrs and older % Mgmt/Prof 24.4 % Service 15.7 % Sales/Office 28.3 % Farming/Forestry 0.2 % Constr/Maintenance 8.4 % Prod/ Transport 17.1 race White 129,849 Black 9,405 Other* 3,250 *American Indian, Asian, Hispanic education Number in College 15,454 Number in Elementary and Middle School 13,619 Number in High School 6,405 High School Graduates or Higher 86% College Graduates 21.8% Report Compiled & Prepared by: Handel Investments, 330-758-2424 10/11 Referencing 2010 Census, zipskinny,com, and loopnet.com