LEASING INFORMATION JEFFREY E. SMITH 956 221 0461 PREMIER PLAZA PHASE 1 LUXURY SHOPPING CENTER 25,000 SQ FT MCALLEN, TEXAS
INTERSTATE HIGHWAY MCALLEN 69 MCALLEN INTERNATIONAL AIRPORT INTERSTATE HIGHWAY 83 / 2 SIMON LA PLAZA REGIONAL MALL SEE ATTACHED ENLARGED AERIAL PREMIER PLAZA MCALLEN,, T EXAS 3 MILE AERIAL MAP 3 M LEASING INFORMATION : J EFFREY E. SMITH 956 221 0461 COLDWELL BANKER COMMERCIAL
SITE CONTINUOUS 30 FOOT DRIVEWAY EASEMENT CONNECTING TO MCCOLL ROAD FUTURE OFFICE DEV NEW URGENT CARE FACILITY 130,791 VPD 1 1 4 2 McColl Road 5 DOUBLETREE SUITES MCALLEN INTERNATIONAL AIRPORT AND LA PLAZA REGIONAL MALL OWNED BY SIMON PROPERTY GROUP 1,445,000 SQ FT. & MCALLEN COUNTRY CLUB APPROXIMATELY 1 MILE WEST & SOUTHWEST OF PROJECT SITE 3 6 MAJOR MEDICAL HOSPITALS & FACILITIES WITHIN 1 MILE OF PROJECT SITE 1 2 3 4 5 6 MCA LLEN MEDICAL CENTER RIO GRANDE REGIONAL HOSPITAL MCA LLEN HEART HOSPITAL SOLARA HOSPITAL OF MCA LLEN LIFECARE HOSPITAL OF SOUTH TEXAS
WHY MCALLEN? MCALLEN IS THE DIAMOND OF SOUTH TEXAS! NEW 46,000 SHOPPING CENTER LOCATION PHASE 1 CONSISTING OF 25,000 SF RETAIL / RESTAURANT / MEDICAL CENTER WILL BE COMPRISED OF AN UPSCALE TENANT MIX. PHASE 2 WILL BE OVER 21,000 SQUARE FEET AND START IN EARLY 2018. THE CENTER IS LOCATED WITHIN 1 MILE OF MCALLEN INTERNATIONAL AIRPORT. MCALLEN HAS ONE OF THE TOP EARNING REGIONAL SIMON MALLS IN THE U.S. ALSO THE SITE IS LOCATED WITHIN 1/2 MILE OF 6 MAJOR MEDICAL CENTERS AND HOSPITALS. THE PROJECT HAS EXCELLENT VISABILITY AND TRAFFIC ACCESS, LOCATED IN THE HEART OF MCALLEN ON THE FRONTAGE OF EXPRESSWAY 83 / INTERSTATE 2, WITH OVER 130,000 VEHICLES PER DAY (SOURCE: TEXAS DEPARTMENT OF TRANSPORTATION). THE SITE IS ALSO LOCATED ADJACENT TO SOME OF THE HIGHEST AVERAGE HOUSEHOLD INCOME / RESIDENTIAL HOME VALUES IN THE VALLEY. TRULY THE DIAMOND OF SOUTH TEXAS! NEW PROJECTIONS FROM THE AMERICAN CITY BUSINESS JOURNAL (ACBJ) RANKED FIVE TEXAS METROPOLITAN AREAS AMONG THE FASTEST GROWING TOP 10 U.S. CITIES. BY 2040, THEY EXPECT TO SEE EXPLOSIVE POPULATION GROWTH. ACBJ, THE PARENT COMPANY OF THE DALLAS BUSINESS JOURNAL, GENERATED THESE STATISTICS FOR 933 METRO AND MICROPOLITAN REGIONS BASED ON DATA FROM THE U.S. CENSUS BUREAU AND THE UNIVERSITY OF VIRGINIA S WELDON COOPER CENTER FOR PUBLIC SERVICE. OF THOSE TEXAS CITIES ON THE TOP 10 LIST OF AMERICA S FASTEST GROWING METROS, AUSTIN CAME IN FIRST PLACE. ACBJ FORESEES THE AUSTIN- ROUND ROCK AREA TO NEARLY DOUBLE ITS POPULATION FROM TWO MILLION TO FOUR MILLION IN THE NEXT 24 YEARS. THIS REFLECTS A 98.5 PERCENT INCREASE IN RESIDENTS. ALTHOUGH AUSTIN IS POISED TO BECOME THE FASTEST GROWING U.S. CITY, IT IS NOT THE LARGEST. FOLLOWING AUSTIN ON THE LIST WERE HOUSTON-THE WOODLANDS-SUGAR LAND (5), SAN ANTONIO-NEW BRAUNFELS (6), DALLAS-FORT WORTH-ARLINGTON (7), AND MCALLEN-EDINBURG-MISSION (10).
ACCORDING TO ACBJ, MCALLEN-EDINBURG-MISSION MAY SEE ITS POPULATION JUMP 51.3 PERCENT BY 2040. THE AREA S ROUGHLY 842,000 POPULATION COULD SOAR TO 1.275 MILLION. RETAIL TRADE MCALLEN IS THE RETAIL CENTER OF SOUTH TEXAS AND NORTHERN MEXICO, DRAWING FROM A CONSUMER BASE OF OVER 82 MILLION PEOPLE (BINATIONALLY) AND DRAWING FROM A CONSUMER BASE OF OVER 10 MILLION PEOPLE WITHIN A 150-MILE RADIUS. THIS SECTOR HAS BECOME THE DRIVING FORCE IN MCALLEN S ECONOMY, GROWING AT A STAGGERING 138% OVER THE LAST 10 YEARS, TO OVER $3.58 BILLION AND EMPLOYING 27% OF THE WORKFORCE. IN THE BI-NATIONAL METROPOLITAN AREA, MCALLEN RETAILERS SERVE A MARKET POPULATION OF 1.8 MILLION. MCALLEN IS REPRESENTED BY 40 OF AMERICA S TOP 100 RETAILERS AND IS RANKED 3RD IN TEXAS IN PER CAPITAL SALES TAX RECEIPTS. LA PLAZA REGIONAL MALL LA PLAZA REMAINS ONE OF THE SIMON PROPERTIES HIGHEST GROSSING RETAIL MALLS, PER SQUARE FOOT (PSF) IN THE UNITED STATES, BOASTING AVERAGE SALES OF OVER $900 PSF. SIMON IS CURRENTLY EXPANDING THE MALL WITH A $71 MILLION INVESTMENT, ADDING 285,813 SQUARE FEET. SIMON IS UPSCALING THE IMAGE OF THE MALL TARGETING A MORE ELEGANT - LUXURY IMAGE. MANY NATIONAL RETAILERS LOCATED THERE ARE AMONG THE MOST PROFITABLE STORES IN THEIR CHAINS. THE MALL IS KNOWN TO GENERATE MORE THAN 18 MILLION VISITORS ANNUALLY. CONSIDERING THAT THE STATE S POPULATION IS ALMOST 27 MILLION AND STATEWIDE RETAIL SALES WERE APPROXIMATELY $350 BILLION, PER CAPITA RETAIL SALES STATEWIDE AMOUNTS TO $14,790 WHILE MCALLEN S IS ALMOST TWO TIMES THE STATE AVERAGE 153% OF THE AVERAGE OF THE TOP 20. INTERNATIONAL BRIDGE CROSSINGS TWO-WAY TRAFFIC ACROSS THE INTERNATIONAL BRIDGES IN THE RIO GRANDE VALLEY HANDLED MORE THAN 35.6 MILLION CARS AND CARGO TRUCKS IN 2006 AS COMPARED TO 15.9 MILLION IN LAREDO. THE CITY OF MCALLEN HAS OWNED AND OPERATED THE INTERNATIONAL BRIDGE AT HIDALGO/REYNOSA SINCE 1960. ON A TYPICAL DAY, TWO-WAY TRAFFIC WILL CONSIST OF 26,000 VEHICLES (NON-COMMERCIAL TRANSITS) AND OVER 10,000 PEDESTRIANS. THE PHARR- REYNOSA INTERNATIONAL BRIDGE, LOCATED FOUR MILES EAST OF THE HIDALGO/REYNOSA CROSSING, OPENED IN JANUARY 1995. TWO-WAY TRAFFIC IS CURRENTLY 13,694 CARS AND TRUCKS PER DAY. THE TREND IS CLEAR. AT THE PRESENT RATE OF GROWTH, A THIRD INTERNATIONAL BRIDGE WILL BE NEEDED IN THE NEAR FUTURE. IN HIDALGO COUNTY, CROSS-BORDER CARGO AND VEHICULAR TRAFFIC HAVE INCREASED 345% AND 36.4% RESPECTIVELY SINCE THE BEGINNING OF 1990 S, FROM 228,133 TO 1,015,554 CARGO TRUCKS IN 2008 AND FROM 10.92 MILLION TO 14.9 MILLION AUTOMOBILES. US/MEXICO TRADE CROSSING THE INTERNATIONAL BRIDGE IN HIDALGO COUNTY INCREASED FROM $5 BILLIION IN 1994, PRE-NAFTA, TO $12.56 BILLION IN 2000 AND $19.9 BILLION IN 2006.
FROM 1995-2006 THE RIO GRANDE VALLEY SHARE OF NAFTA TRADE, INCREASED 168% FROM 11.1% BILLION TO $31.6 BILLION. MCALLEN PROVIDES COMPANIES WITH CLOSE PROXIMITY TO THE PRINCIPAL MANUFACTURING PLANTS AND THE EMERGING NEW MARKETS IN MEXICO, CENTRAL AND SOUTH AMERICA. THE MCALLEN MSA IS HOME TO NEARLY 100 FORTUNE 500 COMPANY OPERATIONS. THE MCALLEN, MISSION, EDINBURG MSA AND REYNOSA, MEXICO COMPRISE A DYNAMIC COMMUNITY WITH A COMBINED POPULATION OF 1.7 MILLION. DURING THE PAST TWO DECADES, THIS AREA HAS MADE BOLD ADVANCES, WITH UNPRECEDENTED GROWTH IN BOTH POPULATION AND INDUSTRIAL ATTRACTION. MCALLEN MSA RANKINGS #1 RANKED MID-SIZE MARKET CITY FOR RESTAURANT EXPANSIONS #1 OF THE TOP 10 MID-MARKETS OF THE PAST DECADE #4 RANKED FOR BEST MID-SIZED CITIES FOR JOBS BY FORBES MAGAZINE TOP METRO IN U.S. FOR JOB GROWTH MARKET INFORMATION MCALLEN, TEXAS MSA IS RANKED 12TH IN THE UNITED STATES AND 3RD IN THE STATE OF TEXAS IN RETAIL SALES MCALLEN IS IN THE TOP 25 STRONGEST HOME SALES FORBES RANKED THE VALLEY AS THE #1 FASTED GROWING REAL ESTATE MARKET IN THE NATION THE VALLEY IS THE 3RD LOWEST COST OF LIVING IN THE NATION INCLUDING THE MEXICAN TRADE, THE MCALLEN MSA POPULATION TRADE AREA IS IN EXCESS OF 6 MILLION PEOPLE POPULATION OF MCALLEN TRADE AREA IS 800,000 #1 JOB GROWTH IN THE UNITED STATES #2 IN WAGE AND SALARY GROWTH IN THE UNITED STATES #10 FASTEST GROWING METRO IN THE UNITED STATES THE RIO GRANDE VALLEY IS REPRESENTED BY 40 OF THE TOP 100 RETAILERS MCALLEN IS WITHIN CLOSE PROXIMITY TO FIVE DIFFERENT EDUCATIONAL INSTITUTIONS THE UNIVERSITY OF TEXAS-RIO GRANDE VALLEY, THE NEW 100 ACRE TEXAS A & M CAMPUS (2018), TEXAS STATE TECHNICAL COLLEGE, SOUTH TEXAS COLLEGE CNN RANKED MCALLEN THE 15TH MOST RECESSION PROOF TRADE AREA THE MCALLEN AREA HAS ALSO BEEN SUCCESSFUL IN ATTRACTING A NUMBER OF CALL CENTERS AS A RESULT OF A YOUNG AND TRAINABLE WORKFORCE. A FEW OF THE CALL CENTERS ARE CONVERGES, T-MOBILE, MERKAFON, HOTEL.COM AND TICKETMASTER. INTERNATIONAL AIRPORT MCALLEN INTERNATIONAL AIRPORT IS LOCATED APPROXIMATELY 1 MILE FROM THE NEW SHOPPING CENTER LOCATION. SERVING MAJOR AIRLINES WITH DIRECT AND CONNECTING FLIGHTS TO MAJOR CITIES IN BOTH THE UNITED STATES AND MEXICO. APPROXIMATELY 2.4 MILLION PEOPLE PASS THROUGH THE TERMINAL ANNUALLY. THE MCALLEN INTERNATIONAL AIRPORT STRIVES TO PROVIDE TOP-NOTCH CUSTOMER SERVICE AND A STATE OF THE ART TERMINAL.
ADDITIONAL QUICK FACTS ABOUT MCALLEN, TEXAS ACCORDING TO FORBES, MCALLEN IS THE THIRD BEST CITY FOR JOB GROWTH WITH AN ANNUAL GROWTH PROJECTED AT 3.9%. MCALLEN WAS NAMED THE 7TH SAFEST CITY IN AMERICA IN APRIL 2016. FORBES RANKED MCALLEN-EDINBURG-MISSION AS THE 35TH BEST PERFORMING CITY IN THE COUNTRY. THE COST OF LIVING IN MCALLEN IS 16.2% LOWER THAN THE NATIONAL AVERAGE, MAKING MCALLEN AN AFFORDABLE PLACE OF BUYERS OF ALL WALKS OF LIFE. MCALLEN IS A VIBRANT ARTS AND ENTERTAINMENT SCENE. THE CITY IS FULL OF ART GALLERIES, MUSEUMS, LIVE MUSIC VENUES AND NIGHTLIFE SPOTS. MCALLEN EVEN HAS A SYMPHONY ORCHESTRA AND A NEARBY NEW 8500 SEAT BASKETBALL / CONCERT VENUE (UNDER CONSTRUCTION) AND A NEWLY COMPLETED 9400 SEAT SOCCER STADIUM. CNBC NAMED MCALLEN THE 12TH BEST PLACE TO START A BUSINESS IN AMERICA. MCALLEN S AVERAGE YEARLY TEMPERATURE IS 84.7 DEGREES AND IT IS SERVED BY A SUBTROPICAL CLIMATE AS IT IS CLOSE TO THE GULF OF MEXICO.
NEW MCALLEN CONVENTION CENTER NEW TORO S SOCCER STADIUM & CONCERT VENUE NEW BASKETBALL ARENA & CONCERT VENUE