Northlake Mall Charlotte, North Carolina in the Heart of an Affluent Residential District
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Northlake Mall Northlake Mall Charlotte, North Carolina In the heart of an affluent residential district, and home to some of the most in-demand MOORESVILLE, NC retailers in the region, Northlake Mall has become DAVIDSON, NC a haven of comfort and style in North Charlotte. CONCORD, NC Appealing to the well-to-do families who’ve GASTONIA, NC chosen to live in the financial capital of the South, CHARLOTTE, NC NORTH CAROLINA Northlake Mall is the heart of one of the most SOUTH CAROLINA 10 MILES dynamic communities in the country, with plans to expand along with the Charlotte market. It’s our home, too. Northlake Mall Charlotte, North Carolina • North Charlotte’s premier dining, shopping and lifestyle destination • Powerful mix of national and regional department stores (Belk, Dillard’s, Macy’s) • In-demand specialty tenants, dining and entertainment including upscale, loveseat-style stadium seating at AMC Theater • Newly completed play area for families Property Description major roads I-77 and I-485 center description Enclosed, two-level center anchors Macy’s, Belk, Dillard’s, Dick’s Sporting Goods and AMC 14-screen total sf 1,070,000 theater # of stores 140 key tenants Michael Kors, Pottery Barn, Brooks Brothers, Guess, Apple, Loft, Brighton Collectibles, H&M, Swarovski, Forever 21, # of parking 5,800 P.F. Chang’s, Firebirds Wood Fired Grill, and Parry’s Pizzeria & Bar THE CENTER THE MARKET STARWOOD Northlake Mall “The Charlotte area’s population is projected to grow by 21% between 2010 and 2030.” — University of North Carolina Population Center THE CENTER THE MARKET STARWOOD Northlake Mall • Best regional access in market off Interstate 77 • Just off new Interstate 485 extension, connecting center to Northeast and Southeast Charlotte • Additional residential construction nearby • Trade area population of more than 1.1 million spanning six counties Easy to Find 10 miles from downtown Charlotte Nearby affluent Lake Norman, fastest growth rate in the market Visible to over 80,000 vehicles traveling on I-77 Exposure to more than 40,000 vehicles daily on I-485 THE CENTER THE MARKET STARWOOD Northlake Mall “Northlake’s variety of specialty shops (… the choices are legion), attractive design, and easy access make it a popular year-round destination” — USA Today 10 Best • Solid economy dominated by financial services, healthcare, energy, technology and retail headquarters • Lucrative business relocation and expansion incentives • No. 9 on Forbes’ list of Fastest-Growing Cities in US (2015) Live, Work, Play Convenient to ongoing residential Within 5 miles – more than 50,000 and commercial development daytime employees Within 5 miles – population has more More than 1,000 upscale townhomes, than doubled since 2000, to 139,600 lofts and apartments built within a half residents mile since 2012 Within 5 miles – 10% projected 110,000+ college students within 10 miles population growth by 2022, nearly triple US average THE CENTER THE MARKET STARWOOD Northlake Mall • Strong family market with 36% of households having Trade Area children at home Average Household Expenditures on Par With US • Nearby affluent trade areas include Huntersville, $2,422 on food away Mooresville, Davidson and Cornelius from home $632 on home furnishings • Nearly 30% of trade area households will earn $907 on sports and recreation $100,000+ by 2022 $1,931 on apparel $966 on personal care • Affordable housing, prominent health care system and products and services impressive schools THE CENTER THE MARKET STARWOOD Northlake Mall Distance to Competition Birkdale Village Driving – 8 mi, 12 min Carolina Place Mall Driving – 22 mi, 25 min I-77 Charlotte Premium 80,000 AADT Outlets Driving – 18 mi, 21 min Concord Mills Birkdale Village Statesville Road Driving – 11 mi, 14 min 14,000 AADT South Park Mall CONCORD WWT Harris Blvd Driving – 18 mi, 26 min 40,000 AADT Concord Mills Northlake Mall I-85 42,000 AADT CHARLOTTE CHARLOTTE DOUGLAS INT’L AIRPORT Legend I-77 Trade Area 88,000 AADT NORTH CAROLINA Competition Charlotte Premium Outlets South Park Mall Access Roads SOUTH CAROLINA (AADT= annual average daily traffic) 3 MILES Carolina Place Mall THE CENTER THE MARKET STARWOOD Northlake Mall I-77 Davidson College Area Attractions (Davidson) Carowinds Amusement Park NASCAR Hall of Fame CONCORD Charlotte Motor Speedway Central Piedmont Time Warner Cable Arena Community College (NBA Charlotte Hornets) Bank of America Stadium (NFL Carolina Panthers) I-85 BB&T Field (Charlotte Northlake Mall Carolina’s Healthcare Knights, Chicago White Sox Triple-A) I-485 Colleges Wells Fargo UNC Charlotte UNC Charlotte Central Piedmont UNC Charlotte Community College I-77 I-485 Davidson College Combined enrollment 43,500 I-85 Legend Trade Area Colleges Bank of America (HQ) Duke Energy (HQ) Key Employers 3 MILES CHARLOTTE THE CENTER THE MARKET STARWOOD Northlake Mall Demographics Trade Area US Average Population 2017 estimate 1,145,791 Charlotte ranks 5th in 2022 projection 1,236,543 population growth and 6th in % growth 2017–2022 7.9% 3.8% fastest growing economies Population White 57% 70% of 260 large cities By Race Black 29% 13% — WalletHub.com, 2015 Asian 4% 6% Hispanic Ethnicity 12% 18% Charlotte is a top moving 36 38 Median Age destination % age 15-24 13% 14% — United Van Lines, 2015 % age 25 to 44 29% 26% % age 45 to 64 25% 26% Top 10 Best Cities for Home Households 2017 estimate 440,512 Buyers 2022 projection 475,213 — Movoto, 2015 2017 households with kids under 18 36% 34% Average 2017 estimate $81,699 $80,853 Household Best Places for Business and % earning $75,000+ 38% 38% Income Careers 2022 projection $89,410 $87,464 — Forbes, 2015 Education % college educated 65% 59% 1-MILE 3-MILE 5-MILE 10-MILE Fastest Growing Food and Business & business establishments 552 1,409 4,208 24,987 Drink Cities Employment daytime employment 10,225 25,061 51,893 324,556 — EventBrite, 2015 THE CENTER THE MARKET STARWOOD Northlake Mall Predominant Market Lifestyle Segments Accumulated Wealth—18% Young Accumulators—14% • Families & couples age 50+ • Married with large families • Upscale, college-educated • Age 35 to 50 baby boomers • Mix of upscale professional • Sprawling suburban homes and managerial jobs • Disposable cash and • Fashioned comfortable, sophisticated tastes upper-middle class lifestyles • Enjoy top-of-the-line • Favor outdoor activities, electronics, sporting team sports and kid-friendly equipment, cars and technology vacations Young Achievers—11% Cautious Traditionalists—11% • Urban and metro • Over 55 year-old mix of neighborhoods singles and couples • Ethnically diverse and blend • High rate of home ownership of family types • Fans of reading, home-based • Establishing or mid-career hobbies and travel • Enjoy sports and • Enjoy eating out at family entertainment activities restaurants • Some of the most tech savvy • Pursue entertainment outside consumers the home THE CENTER THE MARKET STARWOOD Northlake Mall 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 Illinois North Carolina Metreon The Arboretum of South Barrington Northlake Mall Northridge Mall Chicago Ridge Mall Parkway Plaza Louis Joliet Mall Ohio Belden Village Mall Plaza West Covina The Promenade Bolingbrook / Senior Director, Leasing / 312.242.3186 / Solano Town Center Franklin Park Mall Mike Lesiuk Indiana Great Northern Mall [email protected] Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Bill Cikalo / Director, Big Box Leasing & Development / 312.283.5121 / Connecticut Hamburg Pavilion The Shops at Willow Bend [email protected] Blue Back Square Michigan Virginia Florida Fairlane Town Center MacArthur Center Tim Martin / Director, National Restaurant and Entertainment Leasing – The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park East / 813.455.0651 / [email protected] Westland Mall Montana Washington Georgia Rimrock Mall Capital Mall Bryant Siragusa / Vice President, National Restaurant and Entertainment The Collection at Forsyth Kitsap Mall Leasing / 214.771.2003 / [email protected] Nebraska Gateway Mall Joe Nicchetta / Vice President, Leasing - East / 312.242.3182 / [email protected] Sources: The Nielsen Company; State Department of Transportation; State and Local Economic Development Resources 02/13/18 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com THE CENTER THE MARKET STARWOOD Northlake Mall.