The Best New Outlet Opportunity in the Chicago Market Highlights
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TINLEY PARK ILLINOIS The best new outlet opportunity in the Chicago market Highlights EXCELLENT LOCATION ■ Located on highly-traveled I-80 in Tinley Park, Illinois ■ Average daily traffic on I-80: 111,800 ■ One quarter mile of unobstructed highway visibility STRONG DEMOGRAPHICS Within 30 minutes of the site ■ Nearly 3 million residents ■ Average household income exceeding $70,000 ■ Nearly 100,000 businesses ■ Over 1 million employees Chicago ■ Chicago CSA (Combined Statistical Area) over 9.9 million people Tinley Park ■ One of the fastest growing cities in the Midwest ■ One of several affluent communities in this area, including Orland Park, Homer Glen and Frankfort ■ Most convenient outlet shopping to fast growing Will County OUTLETS OF CHICAGO IS IDEALLY SITUATED TO SERVE THE GREATER CHICAGO MARKET. 2 OUTLETS OF CHICAGO TINLEY PARK, ILLINOIS OPPORTUNITY Chicago is one of the nation’s most talked about and visited cities, known for its global business economy, popular sports teams, cultural destinations, and tourist attractions. Even fashion plays “Home to an unrivaled a part in Chicago’s identity. As Crain’s Chicago Business noted talent pool, Chicago is in an April 2015 feature story, there are many “big fashion names centrally located at the nexus with Chicago DNA” -including Cynthia Rowley, Bobbi Brown, Eileen between European and Fisher, and Brian Atwood. The region’s emphasis on fashion and Asian markets... The region shopping is clear. features a strong, globally diverse economy larger than Combine Chicago’s vibrant metro, dense population, and high that of many countries… and visitor volumes with a strong demand for shopping, and it boasts one of the best quality- becomes clear that there is an unmet need for a new outlet of-life to cost-of-living ratios shopping center in this market. in the nation.” Outlets of Chicago, located in the affluent Tinley Park community, Business Chicago completes the outlet landscape in the Chicago metro area. Located on the highly traveled Interstate 80, at Exit 148, the 325,000 square foot Outlets of Chicago offers convenient outlet shopping for Chicago’s southern suburbs and for Indiana. OUTLETS OF CHICAGO TINLEY PARK, ILLINOIS 3 LOCATION Ideal location in Chicago metro market ■ Located on highly-traveled I-80 in Tinley Park, Illinois ■ Average daily traffic on I-80: 111,800 43 ■ Located on I-80, and the only outlet center not on a toll road. Tinley Park Train Station TINLEY PARK IS WELL KNOWN IN THE CHICAGO MARKET FOR ITS AFFLUENCE AND HISTORIC CHARACTER Tinley Park 80 Convention Center 120,000 sf 80 57 50 Hollywood Casino Amphitheatre 28,000 person capacity 4 OUTLETS OF CHICAGO TINLEY PARK, ILLINOIS To Orland Park 43 Tinley Park Convention Center 120,000 sf 35,600ADT To Chicago & Indiana To Will County 103,800 ADT 80 80 111,800 ADT Exit 148 THERE ARE MORE THAN 1,700 HOTEL ROOMS WITHIN 5 MILES OF THE SITE. Brookside Marketplace 24,000ADT 28,000 person capacity OUTLETS OF CHICAGO TINLEY PARK, ILLINOIS 5 MARKETS Arlington Heights 294 Retail market Elgin Woodeld Mall ■ Orland Square Mall 13 drive miles / 6 straight miles 90 Schaumburg Macy’s, JCPenney, Carson’s, Sears O’Hare International Airport Lake ■ Orland Park Crossing 14 drive miles / 6 straight miles 20 Michigan Unachored 290 41 ■ Chicago Ridge Mall 19 drive miles / 11 straight miles OUTLETS OF CHICAGO IS Sears, Carson’s, Kohl’s 50 94 LOCATED IN A PROVEN 355 ■ River Oaks Center 14 drive miles / 12 straight miles RETAIL MARKET. Oak Park Chicago Macy’s, JCPenney Oakbrook Center ■ Ford City Mall 18 drive miles / 14 straight miles North Riverside Park Mall Carson’s, JCPenney Yorktown Center ■ The Promenade Bolingbrook 34 drive miles / 34 Chicago Midway 17 straight miles International Airport Macy’s, Bass Pro Shops, iPic, Barnes & Noble, DSW Naperville 43 Ford City Mall ■ Louis Joliet Mall 34 drive miles / 19 straight miles Carson’s, Sears, Macys, JCPenney, Cinemark Oak Lawn 90 The Promenade Bolingbrook 55 ■ North Riverside Park Mall 33 drive miles / 21 straight miles Chicago Ridge Mall ■ Oakbrook Center 32 drive miles / 22 straight miles Bolingbrook 45 ■ Yorktown Center 35 drive miles / 23 straight miles 294 ■ Woodfield Mall 48 drive miles / 36 straight miles Orland Park Crossing 57 Orland Square Mall 355 River Oaks Center Tinley Park Hammond Louis Joliet Mall 80 6 Joliet 52 30 Chicago Heights 30 80 50 52 6 Illinois Indiana 57 55 6 OUTLETS OF CHICAGO TINLEY PARK, ILLINOIS DEMOGRAPHICS O’Hare International Airport 20 94 41 Oak Park 355 290 Chicago 50 Outlets of Chicago is located in Cook 55 Lake County, which has more than 40 percent of 88 34 Chicago Midway Michigan all Illinois residents, is the most populous International Airport county in Illinois, and the second-most Naperville 90 populous county in the United States after 55 Oak Lawn Los Angeles County, California. Bolingbrook 45 294 WITHIN 30 MINUTES OF THE SITE 57 30 43 ■ Nearly 3 million residents 355 94 ■ Average household income exceeding Orland Park $70,000 6 94 Gary ■ 80 Hammond Nearly 100,000 businesses Tinley Park ■ Over 1 million employees Joliet 80 30 Chicago Heights 30 MINUTE DEMOGRAPHICS (2014) 52 45 Population 2,906,762 Households 1,027,895 55 Average Household Income $70,926 Peotone Daytime Employees 1,043,311 57 Illinois Indiana 65 OUTLETS OF CHICAGO TINLEY PARK, ILLINOIS 7 “Chicago named No. 2 Destination in Hollywood Casino Amphitheatre, located adjacent to Outlets of Chicago, is one of the biggest music venues in the the U.S.” country, boasting a capacity of 28,000. TripAdvisor’s 2015 Travelers’ Choice Awards The Field Museum of Natural History is one of the largest natural history museums in the world, maintaining its status as a premier natural history museum through the size and quality of its educational and scientific programs. Strong Visitor The Lincoln Park Zoo is considered Market one of the most beautiful in the ■ McCormick Place, a vast convention center, features country, featuring four linked buildings with exhibit halls, meeting Located near the South Side of Chicago, historical rooms and theaters. Soldier Field is the oldest NFL stadium, architecture ■ Chicago offers more than 37,000 hotel rooms within celebrating over 90 years of operation. and world-class the Central Business District (CBD). Since 1971 it has been the home of the wildlife exhibits. ■ Two major airports serve the Chicago market: National Football League’s Chicago Chicago O’Hare International Airport (ORD) and Bears, with a football capacity of 61,500. Chicago Midway International Airport (MDW). CHICAGO TOURISM VOLUME ■ Total visitation in 2013 was 48.48 million, an increase of 4.2% over the previous record of 46.51 million, achieved in 2012. “Chicago was named one of the ■ Domestic visitation in 2013 was a record 46.96 million, an increase of 4.4% over 2012 levels. ■ Overseas visitation for 2013 achieved a record Top 13 Best Summer Vacation 1.378 million, a gain of 0.7% over 2012 levels. Destinations in the World” U.S. News & World Report 8 OUTLETS OF CHICAGO TINLEY PARK, ILLINOIS TOURISM The closest outlet center is 40 drive miles from Outlets of Chicago. 294 90 Elgin 94 Fashion Outlets of Chicago O’Hare International Airport Rosemont, Illinois OUTLETS OF CHICAGO 40 DRIVE MILES IS LOCATED IN AN 29 STRAIGHT MILES UNDERSERVED PART OF THE CHICAGO MARKET Oak Park Lake 355 Chicago Michigan 43 50 Chicago Premium Outlets 88 55 41 Aurora, Illinois 34 Chicago Midway 42 DRIVE MILES International Airport 30 STRAIGHT MILES 30 Naperville 90 Bolingbrook Oak Lawn 45 55 355 57 94 Lighthouse Place Premium Outlets Michigan City, Indiana 12 Orland Park 6 Gary 94 51 DRIVE MILES Hammond Tinley Park 42 STRAIGHT MILES 80 6 Joliet 52 Chicago Heights 65 30 80 6 55 57 Illinois Indiana 50 COMPETITION OUTLETS OF CHICAGO TINLEY PARK, ILLINOIS 9 DEMOGRAPHICS DEMOGRAPHIC ANALYSIS Population 30 Minutes 45 Minutes 60 Minutes Education (Age 25+) 30 Minutes 45 Minutes 60 Minutes 2014 Estimated Population 2,906,762 6,512,184 8,188,234 2014 Estimated Some College 23.0% 20.4% 20.3% 2019 Projected Population 2,962,481 6,634,282 8,345,106 2014 Estimated Associates Degree Only 6.9% 6.3% 6.4% 2010 Census Population 2,862,264 6,420,178 8,078,942 2014 Estimated Bachelors Degree Only 15.2% 19.8% 20.9% 2000 Census Population 2,888,955 6,391,293 7,918,475 2014 Estimated Graduate Degree 8.7% 12.2% 12.9% Projected Annual Growth 2014 to 2019 0.4% 0.4% 0.4% Historical Annual Growth 2000 to 2014 - 0.1% 0.2% Business 2013 Median Age 36.6 36.3 36.7 2014 Estimated Total Businesses 98,772 281,902 360,921 2014 Estimated Total Employees 1,043,311 3,426,201 4,430,636 Income 2014 Estimated Employee Population per Business 10.6 12.2 12.3 2014 Estimated Average Household Income $70,926 $78,529 $82,965 2014 Estimated Residential Population per Business 29.4 23.1 22.7 2014 Estimated Median Household Income $60,006 $63,317 $66,956 2014 Estimated Per Capita Income $25,215 $29,651 $31,188 Households 2014 Estimated Households 1,027,895 2,448,109 3,064,898 2019 Projected Households 1,054,137 2,510,759 3,145,299 2010 Census Households 1,004,717 2,393,606 2,996,659 2000 Census Households 999,427 2,327,873 2,878,609 Projected Annual Growth 2014 to 2019 0.5% 0.5% 0.5% Historical Annual Growth 2000 to 2014 0.2% 0.4% 0.5% Race & Ethnicity 2014 Estimated White 53.1% 58.9% 62.9% 2014 Estimated Black or African American 32.9% 23.6% 19.6% 2014 Estimated Asian or Pacific Islander 1.7% 5.1% 5.7% 2014 Estimated American Indian or Native Alaskan 0.4% 0.4% 0.4% 2014 Estimated Other Races 12.0% 12.0% 11.3% 2014 Estimated Hispanic 23.7% 23.0% 21.8% 10 OUTLETS