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Chicago Ridge Mall Chicago Ridge Mall Chicago Ridge Mall Chicago Ridge, Illinois The greatest business stories always revolve around the world’s major cities. Case in point: CHICAGO, IL Chicago Ridge, located in the heart of one of the most densely populated neighborhoods NAPERVILLE, IL in greater Chicago. ORLAND PARK, IL GARY, IN JOLIET, IL Best-in-class retailers offering their newest, TINLEY PARK, IL INDIANA ILLINOIS spectacular presentations meet a top 10 MILES entertainment and dining experience to appeal to a solid core of homeowners, healthcare professionals and families who understand what the rest of the market is missing. They know: It’s all about the base. Chicago Ridge Mall Chicago Ridge, Illinois • Enclosed single-level super regional center • 20 minutes from downtown Chicago • In-demand anchors and specialty tenants • Exceptionally positive sales trends with 6.9 million visitors Property Description major roads I-294 and US Highways center description Enclosed, one-level center 12/20 anchors Carson’s, Kohl’s, Sears, Aldi, Bed Bath & Beyond, total sf 888,300 and AMC Chicago Ridge 6 key tenants H&M, Old Navy, Victoria’s Secret & Pink, Pandora, # of stores 130 Akira, Charlotte Russe, Forever 21, Buffalo Wild Wings, Miller’s Ale House Restaurant, and a 530-seat # of parking 4,400 Dining Court with favorites including Panda Express, Sbarro, Subway, and Taco Bell THE CENTER THE MARKET STARWOOD Chicago Ridge Mall “A town where people count” — Village of Chicago Ridge slogan THE CENTER THE MARKET STARWOOD Chicago Ridge Mall • In the midst of established residential area just outside Chicago city limits • Serves a densely populated trade area of 822,700 residents • Home to newest specialty center prototypes • Close proximity to Chicago Midway Airport, METRA commuter rail system, and Toyota Park sports facility Strength in Numbers Near Interstate 55 and Interstate 294 Major openings include H&M, Pandora, Akira and Red Robin Average of 138,000 cars on I-294 pass by the mall daily Major infrastructure reinvestment in nearby Midway Airport planned Specialty store sales up nearly 21% from 2012 to 2015 THE CENTER THE MARKET STARWOOD Chicago Ridge Mall “The Chicago Southland offers visitors outstanding restaurants, shopping and lodging.” — VisitChicagoSouthland.com • Located in densely populated Cook County, second most populous county in the United States • Local economy dominated by medical, transportation and logistics • Two hospitals and five colleges nearby • Close to major sports facility and international airport A Competitive Advantage of Convenience More than 150,000 residents and Nearby Toyota Park soccer stadium 68,000 daytime employees within seats up to 28,000 guests for games three miles and events 20,000 households within three miles have incomes above $75,000 20 million passengers annually pass through Midway Airport THE CENTER THE MARKET STARWOOD Chicago Ridge Mall • High-density primary trade area Primary Trade Area Average Household Expenditures On Par • Second highest populated county in the US With US $2,600 on food away • Nearly 150,000 daytime employees within 5 miles from home $1,032 on personal care products and services • High level of home ownership $628 on home furnishings $2,020 on apparel $846 on sports and • Family-oriented community recreation THE CENTER THE MARKET STARWOOD Chicago Ridge Mall North Riverside Park Mall CHICAGO Distance to Competition North Riverside Park Mall Driving – 15 mi, 30 min I-55 LA GRANGE Orland Square Driving – 9 mi, 21 min Chicago Premium Outlets CHICAGO MIDWAY (Aurora) AIRPORT The Promenade I-294 Bolingbrook Driving – 17 mi, 28 min I-355 I-94 Chicago Ridge Mall West 95th St 44,300 AADT The Promenade Bolingbrook BOLINGBROOK OAK LAWN PALOS HILLS South Ridgeland Ave 20,800 AADT 7 Legend 24,700 AADT I-294 Primary Trade Area 138,00 AADT South Harlem Ave Secondary Trade Area 40,300 AADT Competition ORLAND PARK I-57 Access Roads Orland Square (AADT= annual average daily traffic) 3 MILES THE CENTER THE MARKET STARWOOD Chicago Ridge Mall CHICAGO I-55 Area Attractions LA GRANGE Toyota Park Sports Facility (Chicago Fire Soccer Club, Chicago Red Stars and Electro-Motive Diesel Inc. Chicago Bliss) Midway Airport Hollywood Casino Amphitheatre Art Garden of Palos Heights Freedom Hall Daley College Ronald McDonald House I-94 Illinois Philharmonic Sand Ridge Nature Center Advocate Children’s Hope Hospital Local Colleges Advocate Christ Medical Center Little Company of Mary Hospital Saint Xavier University OAK LAWN Daley College Chicago Ridge Mall Saint Xavier University Moraine Valley Community College Moraine Valley I-294 Community College Governors State University Trinity College Combined enrollment: 32,900 Palos Community Hospital I-57 Trinity College Legend 7 Primary Trade Area Secondary Trade Area Colleges ORLAND PARK Governors State University Key Employers (University Park) 3 MILES THE CENTER THE MARKET STARWOOD Chicago Ridge Mall Demographics PTA1 STA2 TTA3 US Avg Population 2017 estimate 256,594 566,147 822,741 Nearly 2,000 professional, 2022 projection 256,789 568,438 825,227 scientific, and technical % growth 2017–2022 0.1% 0.4% 0.3% 3.8% services businesses in the Population White 73% 61% 65% 70% trade area By Race Black 14% 14% 14% 13% Asian 2% 2% 2% 6% More than 60 hotels and Hispanic Ethnicity 22% 46% 38% 18% 1,400 restaurants and bars Median Age 39 36 37 38 % age 15-24 13% 14% 13% 14% Home to the annual % age 25 to 44 27% 27% 27% 26% RidgeFest Celebration, one % age 45 to 64 27% 25% 25% 26% of the best-known summer Households 2017 estimate 93,543 189,713 283,256 festivals in the southwest 2022 projection 93,874 191,305 285,179 suburbs 2017 households with kids under 18 34% 40% 38% 34% Average 2017 estimate $76,223 $77,879 $77,332 $80,853 Household % earning $75,000+ 40% 38% 39% 38% “A convenient home for Income 2022 projection $81,540 $83,904 $83,126 $87,464 many who work in downtown Education % college educated 54% 50% 52% 59% Chicago” (Town Square Publications) 1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 801 6,7,57 12,774 47,714 Employment 32 high schools in 10-mile daytime employment 9,738 68,022 145,561 525,725 radius 1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area THE CENTER THE MARKET STARWOOD Chicago Ridge Mall Predominant Market Lifestyle Segments Sustaining Families—26% Cautious Traditionalists—13% • Urban, multi-cultural mix • Over 55 year-old mix of • Younger to middle-age singles and couples • Middle-class families, blend of • High rate of home ownership kids, singles and couples • Fans of reading, home-based • Modest lifestyles, aspirational hobbies and travel shoppers • Enjoy eating out at family • Enjoy a wide variety of media restaurants • Pursue entertainment outside the home Conservative Classics—12% Affluent Empty Nesters—12% • Upper-middle-class age 55+ • Upscale couples age 45+ • Childless singles and couples with children • College-educated • College-educated holding • Enjoy comforts of home, executive and professional gardening, reading, and positions entertaining • Disposable cash with active • Frequent patrons to lifestyles museums, the theater, and • Involved in the community casual-dining restaurants • Indulge in travel, cultural events, and exercise equipment THE CENTER THE MARKET STARWOOD Chicago Ridge 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 Associate, Leasing / 312.242.3197 / Solano Town Center Franklin Park Mall Cate Connelly 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 Jake Miller / Senior Associate, National Restaurant and Entertainment The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park Leasing – Central / 614.256.7385 / [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 Naumann Idrees / Vice President, Leasing – West / 312.265.7046 / [email protected] Sources: The Nielsen Company; State Department of Transportation; State and Local Economic Development Resources 02/12/18 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com THE CENTER THE MARKET STARWOOD Chicago Ridge Mall.
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