RETAIL AVAILABILITY elizabeth center elizabeth, nj off exit 13a of the turnpike

Steven Winters

O: +1 732 509 2867 C: +1 732 768 9898 [email protected] FAMECO

CBRE, Inc. - 2 Tower Center Blvd, 20th Flr - East Brunswick, NJ 08816 ELIZABETH CENTER

Strategically positioned in the heart of Northern New Jersey with proximity to City, Staten Island, Newark Airport, major highways, and The Mills at Jersey Gardens, one of the highest preforming outlet centers in the region.

OVERVIEW

• Elizabeth Center is a partially developed 73-acre retail, restaurant and hospitality center anchored by a highly successful ± 350,000 square foot IKEA and a ± 150,000 SF Raymour & Flanigan showroom and customer service center.

• Elizabeth Center is located in Elizabeth, New Jersey, along the with ± 2,500’ of frontage and directly off Exit 13A of the NJ Turnpike, across from Newark Liberty International Airport

• The Mills at Jersey Gardens is 1/2 mile away along Kapkowski Road with reported sales of more than $985/sf second only to Sawgrass Mills (Sunrise, FL) within the Simon Mills portfolio. RETAIL OPPORTUNITIES

• FOR LEASE: Iconic former ± 98,000 SF Toys R Us/Babies R Us Building (LEASE OUT)

• FOR LEASE: Restaurant and retail pad sites along the NJ Turnpike on Parcel 2

• FOR LEASE: Restaurant and retail pad sites along North Avenue on Parcel 1

• FOR SALE: ± 4 acre land parcel Located at Interchange 13A off the New Jersey Turnpike with over More than 2.7 million people living 220,000 cars passing daily within a 45 minute drive

The Mills at Jersey Gardens: Newark Liberty International Airport: Largest outlet mall in New Jersey and closer to than its largest Busiest airport in the metropolitan area outlet mall competitor, Woodbury Commons In 2014, Newark Airport handled over 35.6 million passengers Elizabeth is an Urban Enterprise Zone with a 3.5% tax rate which FAMECO provides a potent lure for New York City residents paying over 8% in taxes and other New Jersey commuters paying 6.8%. 280 NEWARK NEW YORK 9 124 CITY

24 21 440 JERSEY CITY

95

78 82 22 9 Newark Liberty 27 22 UNION International Airport 78 78 K 82 SEY R Elizabeth 440 O Y enter W JER W ELIZABETH NE NE 28 27 9 The Mills at 95 Jersey Gardens 28

278

278

440

278

440 9 STATEN ISLAND WOODBRIDGE 27 MARKET OVERVIEW FAMECO 21 Miles 440

Newark ierty 9 International Airport INTERSTATE 78

35 Million Annual Passengers 22 INTERSTATE ort liaeth 78 As part of the Port of New York and New Jersey, its one of the busiest

INTERSTATE 27 INTERSTATE shipping ports in the US. In 2016, 22 95 78 ±2 Million Annual isitors the Port of NY & NJ handled more ±72% NJ, ±23% NY than 3,600,000 containers valued ±53% on weekends at nearly $200 billion. ±53% from 0-40 minute drive time 1 , AT Elizabeth enter 82

440

81

usinesses , mployees oth ort liaeth and Newark Airport hae , esidents , AT perations , usinesses , mployees

Landlord: Simon Properties Type: Outlet (NJ’s largest outlet center) 27 One of the highest grossing INTERSTATE GLA: 1,304,000 SF 95 Ruby Tuesday Restaurants appenings: $30 Million renovation 440 and rebranding in 2014 and proposed in the NJ trade areas 1 418,000 SF expansion in 2018-2019

SALES: $852 per Sq Ft REPORTE SALES: $985 per Sq Ft

WHY ELIZABETH CENTER? FAMECO

NEWARK LIBERTY INTERNATIONAL AIRPORT

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MFG

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CHECKED BY:

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...... Suite 203 Albany, NY Chestnut Ridge, NY Newburgh, NY Westchester, NY Bethlehem, PA Exton, PA Tampa, FL

Client Satisfaction

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...... Fax: 732.383.1984 DRAWN BY: Red Bank, NJ 07701 Phone: 732.383.1950 PROTECT YOURSELF RED BANK OFFICE Corporate Headquarters maserconsulting.com

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331 Newman Springs Road

C-5 ...... @ FOR SURFACE ANYWHERE IN ANY STATE through PREPARING TO DISTURB THE EARTH'S ALL STATES REQUIRE NOTIFICATION OF DRAWING NAME: ______C-CNPT-C5-REV2 EXCAVATORS, DESIGNERS, OR ANY PERSON

Office Locations: #1-1289A ...... DELCO WWW.CALL811.COM R

NEW JERSEY

DATE: 1 /31 MFG 3/13/18 2 ADDED RESTAURANT PER CLIENT PER RESTAURANT ADDED . . . . CONCEPT PLAN CONCEPT PLAN

UNION COUNTY Engineers Planners Surveyors

2018. Maser Consulting P.A. All Rights Reserved. This drawing and 2018.

w . m a s e r c o n u l t i g

/01 SGM 7/10/17 1 REVISED ROYAL FARMS LAYOUT FARMS ROYAL REVISED . . . . email: solutions DEVELOPMENT CITY OF ELIZABETH without the express written consent of Maser Consulting, P.A. Customer Loyalty

14001184A

LOTs #1-1193A, #1-1204A,

Red Bank, NJ Clinton, NJ Hamilton, NJ Marmora, NJ Mt. Arlington, NJ Mt. Laurel, NJ Sterling, VA Albuquerque, NM Landscape Architects Environmental Scientists E AEDANB DESCRIPTION BY DRAWN DATE REV FOR STATE SPECIFIC DIRECT PHONE NUMBERS VISIT: DESCRIPTION BY DRAWN DATE REV         all the information contained herein is authorized for use only by party State of N.J. Certificate Authorization: 24GA27986500 , AAG AIY TAIC Copyright © whom the services were contracted or to it is certified. This drawing may AS SHOWN 6/13/17 PCS State of N.Y. Certificate Authorization: 0008671/0008821 not be copied, reused, disclosed, distributed or relied upon for any other purpose SHEET TITLE: SHEET NUMBER: SCALE: PROJECT NUMBER:

100 NEW JERSEY TURNPIKE 50 W N 25 0 SCALE : 1" = 50'

REFERENCE NOTE LINE 01 40 30 20 10 S E REFERENCE NOTE LINE 02 50

ELIZABETH CENTER SITE PLAN CONCEPT PLAN

AAILABLE PAS ±214’

PROPOSE RETAIL

OPEN & OPERATING ±98K SF LEASE OUT CONCEPT PLAN ±444’ ±350K SF

, AT

IA rie

±4 ACRES North Ae North North Ae North OUT LAN UNER LOT FOR SALE RENOATION

±155K SF 2014\14001184A\Engineering Drawings\Engineering\Concept\C-CNPT-C5-Rev2.dwg\C-XX-CONCEPT By: MGALLAGHER By: Drawings\Engineering\Concept\C-CNPT-C5-Rev2.dwg\C-XX-CONCEPT 2014\14001184A\Engineering

0.5 MI N FAMECO Demographics

Radius Drive Time 3 Miles 5 Miles 7 Miles 10 Miles 15 Minutes 30 Minutes 45 Minutes 60 Minutes

POPULATION 171,933 637,699 1,267,139 2,957,107 Population 242,207 2,485,261 8,287,948 14,098,211 57,890 220,170 443,268 1,102,164 2017 Households 81,285 895,673 3,140,367 5,260,969 180,364 675,683 1,223,281 3,247,179 Daytime Population 258,972 2,459,509 9,679,645 14,857,306 90,686 335,192 540,180 1,600,913 Employees 140,150 1,194,772 5,263,505 7,235,923

INCOME $44,659 $49,011 $50,898 $62,835 Median Household Income (2017) $39,777 $62,124 $66,947 $63,888 $62,079 $68,566 $71,914 $96,907 Average Household Income (2017) $54,566 $92,373 $105,003 $100,024

RACE 50.3% 42.4% 40.6% 52.2% White 39.6% 50.3% 55.4% 52.8% 24.4% 34.4% 35.1% 19.9% African American 38.5% 22.3% 15.5% 18.8% 3.5% 5.8% 7.8% 14.0% Asian 1.9% 12.0% 13.5% 12.7% 16.2% 12.6% 12.0% 9.7% Other 14.8% 11.1% 11.2% 11.3% 50.4% 35.1% 31.4% 25.9% Hispanic 45.4% 30.7% 28.1% 27.7%

EDUCATION 16.7% 21.6% 24.4% 36.9% % of Population with Bachelors Degree or Higher 13.3% 34.3% 42.0% 39.9% Steven Winters

O: +1 732 509 2867 C: +1 732 768 9898 [email protected]

CBRE Inc. - 2 Tower Center Blvd, 20th Floor - East Brunswick, NJ 08816

FAMECO