Elizabeth CENTER Join

LAND FoR Sale - development opportunity IN THE Retail & mixed-use elizabeth CENTER Join

off exit 13a of the new jersey turnpike, ELIZABETH, NJ

FAMECO CBRE, Inc. - 2 Tower Center Blvd, 20th Flr - East Brunswick, NJ 08816 O: +1 732 509 2870 ELIZABETH CENTER

Strategically positioned in the heart of Northern New Jersey with proximity to New York 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, a ±150,000 square foot Raymour & Flanigan showroom and customer service center and a ± 98,000 square foot Floor & Decor store, opening soon.

• Elizabeth Center is located in Elizabeth, New Jersey, along the New Jersey Turnpike 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. DEVELOPMENT Opportunity FOR RETAIL, RESTAURANT and HOSPITALITY

• PARCEL 1*: 9.92 Acres

• PARCEL 2*: 8.89 Acres *Offered only as a package - NO WAREHOUSE OR INDUSTRIAL USES WILL BE PERMITTED

• PARCEL 4*: 3.98 Acres

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

Newark Liberty International Airport: The Mills at Jersey Gardens: Busiest airport 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 3.5% tax rate which provides a potent lure for New York City residents paying over 8% in taxes and other New Jersey commuters paying 6.8%. FAMECO

Exit 13 A 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

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

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 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:

NEW JERSEY TURNPIKE 100 , AAG AIY TAIC 50 W N 25 0 SCALE : 1" = 50'

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

PARCEL 2 ± 8.89 ACRES ± 98,000 SF OPENING FOR SALE SOON ±350,000 SF

, AT

IA rie

PARCEL 1 ± 9.92 ACRES

FOR SALE PARCEL 4

North Ae Ae North North NOT PART OF ± 3.98 ACRES ELIZABETH CENTER FOR SALE

± 150,000 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 ELIZABETH CENTER SITE PLAN N FAMECO 280 NEWARK NEW YORK 9 124 CITY

24 21 440 JERSEY CITY

78 82 22 9 Newark Liberty 27 22 UNION International Airport 78 78 K 82 Elizabeth SEY R 440 O Center Y

W JER W ELIZABETH NE NE 28 27 9 The Mills at 95 Jersey Gardens 28

278

440

278

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

Newark ierty 9 International Airport INTERSTATE 78

46 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 Center 82

440

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 REPORTED SALES: $1,000 per Sq Ft 440 in New Jersey 1

WHY ELIZABETH CENTER? FAMECO Demographics

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

POPULATION 170,039 636,558 1,266,947 2,997,310 Population 185,525 2,309,458 6,834,078 12,570,663 57,163 219,326 443,228 1,120,490 2018 Households 61,763 828,886 2,538,043 4,864,316 175,095 690,244 1,232,985 3,321,844 Daytime Population 197,713 2,265,575 7,867,098 13,588,365 86,023 342,801 542,454 1,602,813 Employees 106,075 1,038,526 4,111,844 6,586,205

INCOME $47,949 $51,522 $53,379 $66,925 Median Household Income (2018) $40,202 $64,145 $72,247 $69,058 $65,709 $71,898 $75,681 $102,025 Average Household Income (2018) $55,231 $93,835 $107,577 $106,498

RACE 50.0% 42.1% 40.4% 52.0% White 40.6% 48.9% 55.6% 54.0% 24.3% 34.4% 35.1% 19.9% African American 36.1% 24.0% 14.9% 18.0% 3.5% 5.8% 7.8% 14.1% Asian 1.6% 11.4% 14.9% 12.3% 16.6% 12.8% 12.1% 9.8% Other 16.3% 11.3% 10.4% 11.3% 51.1% 35.7% 31.9% 26.0% Hispanic 50.2% 30.9% 27.1% 27.7%

EDUCATION 18% 22.3% 25.6% 38.4% % of Population with Bachelors Degree or Higher 12.8% 33.9% 41.5% 42.1%

Steven Winters MICHAEL HORNE O: +1 732 509 2867 C: +1 732 768 9898 O: +1 732 509 2866 [email protected] [email protected]

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

FAMECO