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RETAIL LEASING OPPORTUNITIES AVAILABLE Elizabeth Center Elizabeth, Nj Off Exit 13A of the New Jersey Turnpike

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RETAIL LEASING OPPORTUNITIES AVAILABLE Elizabeth Center Elizabeth, Nj Off Exit 13A of the New Jersey Turnpike RETAIL LEASING OPPORTUNITIES AVAILABLE elizabeth center elizabeth, nj off exit 13a of the new jersey turnpike Marta Person Villa Steven Winters O: +1 201 712 5691 O: +1 732 509 2867 C: +1 973 715 8385 C: +1 732 768 9898 [email protected] [email protected] FAMECO www.cbre.com/ElizabethCenter Overview Retail Leasing Opportunities at Elizabeth Center, Elizabeth, New Jersey Join IKEA, Toys ‘R’ Us and Big Lots at Elizabeth Center, who draws approximately two million shoppers annually to this prime destination location. This 73-acre retail project, anchored by a +/- 350,000 square foot IKEA and super Toys ‘R’ Us, is expanding. Elizabeth Center is located directly off Interchange 13A of the New Jersey Turnpike, across from the Newark Liberty International Airport and down the street from The Mills at Jersey Gardens (one of the top grossing outlet centers in the Northeast) . Opportunities include the redevelopment of a vacant +/- 155,000 square foot store, which was originally constructed for Radio Shack’s, Incredible Universe concept, but was more recently occupied by Rex Plex, a children’s indoor sports and entertainment complex. This building will be redeveloped and is divisible to accommodate retail units from 15,000 SF. Strategically positioned in the heart of New Jersey with proximity to New York City, Staten Island, Newark Airport, major highways, and a highly successful outlet center Major Highways: Elizabeth Center is centrally located in New Jersey between New York City and Philadelphia - approximately 11 miles to New York City, 75 miles to Philadelphia, and 90 miles to Atlantic City. Additionally, transit options include the exclusive IKEA – Elizabeth Center shuttle through the Port Authority in New York City as well as Amtrak and New Jersey Transit through Newark Liberty International Airport. Ease of access is facilitated by an extensive highway network, including the New Jersey Turnpike and to the Garden State Parkway, Interstates 78 and 280, US Highway 1 & 9, the Goethals Bridge and the Outerbridge Crossing to Staten Island as well as the Holland and Lincoln Tunnels to New York City. This draws a regional consumer base serving central and northern New Jersey, Staten Island, Manhattan and the Lower Hudson Valley, New York. Located at Interchange 13A off Within a 45 minute drive time the New Jersey Turnpike with from site. The population over 220,000 cars passing daily exceeds 2,700,000 people Newark Liberty International Airport: The Mills at Jersey Gardens: Busiest airports in the metropolitan area Largest outlet mall in New Jersey and closer to New York City than its largest outlet mall competitor, Woodbury Commons In 2014, Newark Airport handled over 35.6 million passengers Elizabeth is an Urban Enterprise Zone with a 3 ½% tax rate which Federal Express houses its third largest cargo hub on two million provides a potent lure for New York City residents paying over 8% in square feet of airport property taxes and other New Jersey commuters paying 7%. FAMECO ELIZABETH, NJ 280 95 24 21 ORANGE 9 124 280 NEWARK NEW YORK 9 124 CITY 24 21 440 JERSEY CITY 95 78 82 22 9 278 27 Newark Liberty 22 UNION International Airport 78 78 K 82 SEY R SITE 440 O Y Walmart JER The Mills at W W Jersey Gardens ELIZABETH NE NE 28 27 9 Walmart 95 28 22 278 BROOKLYN PLAINFIELD 278 440 278 Walmart 440 9 STATEN ISLAND WOODBRIDGE 27 35 95 MARKET OVERVIEW FAMECO OFF EXIT 13A OF THE NJ TURNPIKE | ELIZABETH, NJ 9 The Trade Area is Comprised of More Than Broad St 27 Newark One Million SF of Retail Shopping International 95 Airport Corbin St Elizabeth Center is just north of “The Mills at 94,.356 ADT 26,.736 ADT Jersey Gardens” - a 200+ store outlet center 19,789 ADT which underwent a $30 million renovation in 2013 1 and is anchored by AMC Theaters, Bed Bath North Ave Lyle King St Beyond, Burlington Coat Factory, Century 21, Elmora Ave Cohoes, Lord & Taylor Outlet Store, Marshalls, Neiman Marcus Last Call, Saks Fifth Avenue Off Fifth, and VF Outlet. The center attracts 18 million visitors annually and boasts sales/ 22,090 ADT Port Elizabeth square foot that ranks in the top 20% of outlet Morris Ave centers in the Country. SITE North Ave 11,774 ADT Newark Liberty International Airport and the 19 33,063 ADT trade area hotels, draw tens of millions of con- sumers to the market each year. Newark Airport McLester St EXIT 13A is one of the busiest in the Country and in 2014 28 Westfield Ave Grand St Dowd Ave handled in excess of 35 million passengers. Grand St Jersey Street Thumball St 95 U/C Jersey Street Supremo Pearl St Trinidas Rahway Ave Hospital Jersey Gardens Outlet Center Elizabeth Ave 27 Broad St LOEWS COHOES IMAX OUTLET Elmora Ave 9 Seabra's Market 1 95 278 278 Goethals Bridge MARKET OVERVIEW FAMECO ELIZABETH, NJ INGRESS PLAN CIRCULATION PLAN - INGRESS Access From Major Roadways From The Mills at Jersey Gardens Elizabeth Center is easily accessible in the Elizabeth Port area directly off the New From Newark International Airport Exit 13 A Jersey Turnpike Exit 13A. Traffic counts along the New Jersey Turnpike are in excess of 62,500 ADT 220,000 ADT. Elizabeth Center is just minutes from US Highway 1 & 9 and Route 78. From Routes 1/9 From NJ Turnpike Southbound From NJ Turnpike Northbound Newark Liberty International Airport 95 NorthNorthAve Ave ± 220,000 ADT 33,063 ADT 33,063 33,063 ADT 33,063 Southbound 95 Northbound 2 Ikea Dr Port Authority Jersey Garden Blvd 1 Parcel 4 5 Kapkowski Rd 1 LyleLyle KingKing StSt The Mills at Jersey Gardens Port Authority Landlord: Simon Properties Parcel 1,295,700 SF, 230 Stores, 18M Shoppers/yr LOEWS Port COHOES IMAX OUTLET Elizabeth McLester St ingress plan FAMECO ELIZABETH, NJ EGRESS PLAN CIRCULATION PLAN - EGRESS Great Frontage and Visibility To NJ Turnpike Northbound The property is prominently visible with 3,302 linear feet of frontage along the New To NJ Turnpike Southbound Exit 13 A Jersey Turnpike plus additional frontage along North Avenue East at the fully siignal- 62,500 ADT ized intersection of North Ave & IKEA Drive. IKEA and additional tenants also visible To Routes 1/9 along IKEA Drive. To Newark International Airport To The Mills at Jersey Gardens Newark Liberty International Airport 95 NorthNorthAve Ave ± 220,000 ADT 33,063 ADT 33,063 33,063 ADT 33,063 Southbound 95 Northbound 2 Ikea Dr Port Authority Jersey Garden Blvd 1 Parcel 4 5 Kapkowski Rd 1 LyleLyle KingKing StSt The Mills at Jersey Gardens Port Authority Landlord: Simon Properties Parcel 1,295,700 SF, 230 Stores, 18M Shoppers/yr LOEWS Port COHOES IMAX OUTLET Elizabeth McLester St egress plan FAMECO Demographics Radius Drive Time 3 Miles 5 Miles 7 Miles 10 Miles 15 Minutes 30 Minutes 45 Minutes 60 Minutes POPULATION 184,198 624,867 1,236,897 2,768,904 Population 725,487 5,942,210 13,572,237 16,706,843 62,136 218,966 437,342 1,034,453 2015 Households 253,159 2,353,387 5,089,243 6,173,573 99,647 344,667 684,214 1,421,997 Daytime Population 357,796 2,659,567 7,001,602 8,292,522 102,823 334,764 552,275 1,592,781 Employees 342,665 5,052,286 7,169,300 8,815,574 INCOME $45,820 $47,398 $49,611 $60,473 Median Household Income (2015) $49,017 $64,134 $58,647 $62,862 $60,313 $64,432 $67,740 $88,675 Average Household Income (2015) $65,360 $97,881 $87,894 $93,225 RACE 50.77% 43.60% 41.77% 52.68% White 42.89% 57.45% 49.76% 52.93% 24.93% 34.53% 35.33% 20.68% African American 33.52% 14.76% 20.56% 19.72% 3.46% 5.32% 7.16% 12.91% Asian 7.16% 13.53% 13.19% 12.25% 16.20% 12.38% 11.83% 10.09% Other 12.39% 10.53% 12.51% 11.35% 50.46% 33.68% 30.11% 25.53% Hispanic 33.45% 26.42% 28.31% 25.97% EDUCATION 14.47% 19.62% 22.52% 33.92% % of Population with Bachelors Degree or Higher 20.43% 41.07% 35.93% 37.13% FAMECO CONCEPT PLAN A Restaurant & Retail Opportunities NEWARK LIBERTY INTERNATIONAL AIRPORT Hotels – to be announced ± 220,000 ADT 2 33,063 ADT 1 Former Rex Plex ± 4 Acres ± 155,000 SF KAPKOWSKI RD 0.5 Mi N FAMECO 3 Executive Drive, Suite 150 Somerset, NJ 08873 t: 732 537 0811 f: 732 537 0831 20130793.0 03/13/2014 CONCEPT PLAN B Restaurant & Retail Opportunities NEWARK LIBERTY INTERNATIONAL AIRPORT Hotels – to be announced ± 220,000 ADT 2 33,063 ADT 1 Former Rex Plex ± 4 Acres ± 155,000 SF KAPKOWSKI RD 0.5 Mi N FAMECO 3 Executive Drive, Suite 150 Somerset, NJ 08873 t: 732 537 0811 f: 732 537 0831 20130793.0 03/13/2014 Marta Person Villa Steven Winters O: +1 201 712 5691 O: +1 732 509 2867 C: +1 973 715 8385 C: +1 732 768 9898 [email protected] [email protected] FAMECO www.cbre.com/ElizabethCenter.
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