DOCSLIB.ORG

Colliers International Retail

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

2015 Year End | Retail Research & Forecast Report EASTERN PENNSYLVANIA SOUTHERN NEW JERSEY DELAWARE MARKET INDICATORS PA/NJ/DE PA/NJ/DE Supply Reboot Relative to prior period Q2 2015 Q2 2016* VACANCY Regional Overview CONSTRUCTION RENTAL RATES > The regional vacancy rate remained at 7.9 percent during the last *Projected Arrows compare current period to the previous period and half of 2015. forecast the next period. > Continued grocery chain volatility impacted neighborhood and community centers throughout the region ASKING RENTAL RATES BY CENTER TYPE > Asking rents for top-tier centers increased, but overall rents were flat. Average Asking Rents Asking rents for > The inflow of new landlords has resulted in increased capital Community, Neighborhood investment toward upgrading existing centers to meet evolving COMMUNITY $14.00-$29.00 and Lifestyle Centers are retailer and consumer trends. for the typical quoted rent per-square-foot, triple net, The last two quarters of 2015 were marked by an active take and $12.00-$28.00 NEIGHBORHOOD and for in-line spaces. For give supply climate. The bankruptcy of the Great Atlantic and Pacific Power Centers, asking $13.00-$22.00 supermarket chain added to the surplus of vacant grocery anchors. POWER rents are for anchor or Twenty-three Pathmark and Super Fresh stores in Pennsylvania junior anchor positions, LIFESTYLE $25.00-$45.00 were closed. However, Acme Markets is in the process of taking 10,000 SF to 40,000 SF. over fourteen of these locations. Multiple large scale redevelopments were moving forward. The eastern portion of the Gallery reboot in Philadelphia was underway. RETAIL VACANCY BY CENTER TYPE January 2016 demolition is scheduled for the Granite Run Mall. 15% Boscov’s and Sears will remain open as the center is redeveloped 4Q 14 into The Promenade at Granite Run. Demolition and redevelopment at Chesterbrook Village has started. PREIT will be demolishing the 2Q 15 Kmart at Exton Square Mall and leasing 55,000 square feet to Whole 10% 4Q 15 Foods. Asking rents for new centers topped $45.00 per square foot. However, rent growth overall was dragged down by the persistent 5% anchor vacancies. 0% Community Neighborhood Lifestyle Power Regional Overview (continued) Acme significantly expanded its footprint in the region, filling Private investors, particularly equity funds chasing yields, were the most multiple former A&P locations. Regionally-based discount retailers, active buyers in the region. PREIT continued to spinoff non-core centers supermarkets and organic-oriented stores filled vacant grocery including the Voorhees Town Center and the Palmer Park Mall, which anchor spots. Wegmans continues to expand regionally. was under agreement. Pettinaro Management acquired a portfolio of retail and office properties in northern Delaware from Stoltz Real Estate Landlords are more actively changing the tenant mix to provide more Partners, including Power Mill Square. There were additional major foot traffic by courting entertainment options like “dinner and a movie” shopping centers in the Lehigh Valley under contract. concepts, fitness/recreation operators, as well as community service providers such as medical centers. Sale prices for well-leased centers were solidly over $250 per square foot while value-add properties traded for under $100 per square foot. Recent Transactions in Q3 and Q4 2015 SALES ACTIVITY PROPERTY ADDRESS LOCATION BUYER SIZE SF PRICE / SF TYPE East Gate Square Burlington County M&J Wilkow 746,535 $252 Community Center Voorhees Town Center Camden County Mason Asset Management 307,000 $44 Regional Mall Penrose Plaza Shopping Center Philadelphia County Onyx Properties, etal 263,000 $95 Community Center Southmont Plaza Lehigh Valley DDR-Blackstone 253,943 $211 Power Center Kenhorst Plaza Berks County Paum Sales Corp. 161,449 $152 Community Center Springfield Park Delaware County National Realty Corporation 141,141 $286 Community Center Shops at Cedar Point Lehigh Valley DDR-Blackstone 132,395 n/a Neighborhood Center Paulsboro Plaza Gloucester County AVPM 95,180 $13 Community Center Mullica Hill Plaza Gloucester County Carlyle Funding 86842 $292 Neighborhood Center Anville East Center Lebanon County PinnacleHealth 80,000 $55 Neighborhood Center Stonybrook Shopping Center York County SJC Property Management 63,955 $57 Neighborhood Center Powder Mill Square New Castle County Pettinaro Management 63,777 $368 Community Center 520 S. 29th Street Dauphin Cuonty AMERCO Real Estate Company 63,000 $29 Neighborhood Center LEASE ACTIVITY PROPERTY ADDRESS LOCATION TENANT SIZE SF Fairgrounds Square Mall Berks County Limerick Furniture 151,630 Coventry Mall Chester County Limerick Furniture 121,455 The Crossings at Conestoga Creek Lancaster County Wegmans 120,000 Lawrence Park Shopping Center Delaware County Main Line Health Center 71,932 Airport Shopping Center New Castle County Acme Markets 68,152 Cottman & Bustleton Center Philadelphia County Acme Markets 66,703 Crossroads Plaza Bucks County Acme Markets 55,537 Exton Square Mall Chester County Whole Foods 55,000 College Square New Castle County Acme Markets 55,000 Eden Square Shopping Center New Castle County Gabe's 55,000 Larkins Corner Delaware County Acme Markets 54,257 Kirkwood Plaza New Castle County Acme Markets 52,936 Warrington Crossing Bucks County Gander Mountain 52,700 Shops At Schmidts Philadelphia County Acme Markets 50,049 3901 Lancaster Pike New Castle County 7Day Farmers Market 48,662 Market Square At Chestnut Hill Philadelphia County Acme Markets 48,210 Audubon Village Shopping Center Montgomery County Keller’s Market 45,963 Colonial Commons Dauphin County HomeGoods 31,436 Carlisle Commons Carlisle Tractor Supply 30,173 Branmar Plaza New Castle County Acme Markets 30,780 Rodin Square Philadelphia County Target 55,000 2 Research & Forecast Report | 2015 Year End | Pennsylvania, New Jersey, Delaware | Colliers International Market Comparison Update RETAIL MARKET SUBMARKET INVENTORY DIRECT VACANT SUBLET VACANT TOTAL VACANT VACANCY RATE Philadelphia and Suburbs 88,577,883 6,537,383 206,896 6,744,279 7.6% Southern New Jersey 32,380,603 3,534,901 116,488 3,651,389 11.3% Lehigh Valley, PA 14,764,768 809,475 0 809,475 5.5% New Castle County, DE 17,312,589 1,250,055 0 1,250,055 7.2% Central Pennsylvania 48,748,144 3,474,620 21,775 3,496,395 7.2% TOTAL PA-NJ-DE 201,783,987 15,630,434 345,159 15,975,593 7.9% VACANCY COMPARISON BY MAJOR CENTER TYPE SUBMARKET COMMUNITY CENTER NEIGHBORHOOD CENTER POWER CENTER LIFESTYLE CENTER Philadelphia and Suburbs 7.0% 12.3% 3.4% 6.9% Southern New Jersey 12.1% 16.0% 6.0% 5.9% Lehigh Valley, PA 6.5% 10.7% 1.6% 1.0% New Castle County, DE 8.5% 5.8% 12.9% 0.0% Central Pennsylvania 6.3% 11.0% 4.1% 2.4% TOTAL PA-NJ-DE 7.8% 12.0% 4.4% 4.7% DEFINITIONS Absorption (Net): The net change in occupied space over a given period of time, calculated by summing all the positive changes in occupancy and subtracting all the negative changes in occupancy. Vacancy Rate: A percentage of the total amount of physically vacant space divided by the total amount of existing inventory. Vacant Space: Space that is not currently occupied by a tenant, regardless of any lease obligation on the space. Sublease Space: Space that has been leased by a tenant and is being offered for lease back to the market by the tenant with the lease obligation. Under Construction: Counted when steel is up, not at the commencement of site work. Build-to-Suit: A term describing property that was developed specifically for a certain tenant to occupy. Can be either leased or owned by the tenant. METHODOLOGY: The Colliers International PA, Southern NJ, and DE survey includes strip retail, neighborhood, community, power, lifestyle and malls over 25,000 square feet. The overall vacancy rates include strip retail centers and malls, but these are not broken out in the center vacancy comparisons. 3 Research & Forecast Report | 2015 Year End | Pennsylvania, New Jersey, Delaware | Colliers International Submarket Reviews Philadelphia County The next 105,000-square-foot phase 502 offices in The vacancy in Philadelphia County increased from 7.3 is under construction. percent to 8.5 percent during the last two quarters of The new owners of the Newark 67 countries on 2015. SuperFresh and Pathmark store closings were Shopping Center recently completed a added to Bottom Dollar vacancies from earlier in 2015. $10.0 million renovation to the center. 6 continents The Gallery is currently out of the active inventory as Additional retail space is planned in $2.3B in annual revenue PREIT and Macerich have commenced on the two year Newark at the former Avon site. redevelopment project into the Fashion Outlets of 1.7B square feet under management Philadelphia. Lehigh Valley, PA Over 16,300 professionals The expansion of the retail footprint and strong retailer The Lehigh Valley vacancy rate trended demand in Center City shows no signs of slowing. upward over the last four quarters, mainly due to supermarket closings. Most Suburban Pennsylvania recently, Redner’s Warehouse Markets The overall vacancy rate for the four suburban counties shut the 47,900-square-foot store in increased from 7.3 to 7.6 percent. Delaware and Trexlertown. Montgomery counties had a vacancy decrease, but Bucks and Chester had increased vacancy. However, demand has been strong at the FOUNDING GLOBAL PARTNER Valley’s new shopping centers. The In addition to the major redevelopments, ground-up 570,000-square-foot Hamilton Crossings is centers are under construction in Brookhaven, close to being fully leased well in advance of Newtown Square, Warrington and Doylestown. The next the center’s 2Q 2016 opening. Leasing has WORLD GREEN BUILDING COUNCIL phase of King of Prussia Town Center is underway and been strong at the Madison Farms additional stores at Brandywine Mills will join the newly development, where ShopRite opened in the opened Wegman’s.
Recommended publications
  • Acme Markets - Have Reserved the Hours of 7 A.M

    Acme Markets - Have Reserved the Hours of 7 A.M

    Acme Markets - have reserved the hours of 7 a.m. to 9 a.m. Monday through Friday at all stores for senior citizens and other at-risk customers. There are three Acme locations in the Trenton area: Hamilton Square (953 Route 33), Yardville (4400 S. Broad St.) and Bordentown (260 Dunns Mill Road). Aldi - stores across the country will be open from 9 a.m. to 7 p.m. daily. Some stores may have limited hours to accommodate restocking and cleaning. Aldi has five locations in the Trenton area: Bordentown (262C Route 130), East Windsor (440 US Highway 130), Ewing (1650 N. Olden Ave.), Hamilton (2735 S. Broad Street) and Hamilton Square (1250 Route 33). All BJ’s Wholesale Club - locations are opening one hour early for members who are age 60 and older. People ages 60 and up can use a designated entrance, from 8-9 a.m. daily. BJ’s members can shop in-club, on BJs.com or through the BJ’s mobile app, as well as through its same-day delivery service. BJ’s has one location in Mercer County: 900 Marketplace Blvd., Hamilton. Phone: (609) 581-4501. Costco - (4100 Quakerbridge Road, Lawrence) is limiting the number of shoppers in its warehouses, and has asked shoppers and employees to practice social distancing. A queue forms outside the warehouse doors to control the crowd inside it. Costco has increased our protocols in sanitizing surfaces, including shopping cart handles, merchandise shelves, front-end belts and registers. Limits have been implemented on certain items. Shoppers 60 and older gain early access to Costco warehouses Tuesdays and Thursdays from 8 to 9 a.m.
  • ADAMS COUNTY ALLEGHENY COUNTY Curbside Pickup Is

    ADAMS COUNTY ALLEGHENY COUNTY Curbside Pickup Is

    Curbside pickup is available at the following stores, listed by county, beginning Monday, April 27. Most stores will support curbside service Monday through Saturday — taking a limited number of orders on a first-call, first-served basis beginning at 9 a.m. each day and scheduling pickup appointments between 9 a.m. and 6 p.m. those days — but some stores will operate on more limited days and hours. Those stores operating on more limited schedules are identified within this list, ithw days and hours of operation provided. Curbside pickup orders will be limited to one order of no more than six bottles. Only one order will be accepted per caller, per store, per day. Callers will be guided by store staff through products available to purchase at each location. Payment by credit card will be required by phone, and all curbside pickup sales are final (no returns). We’re optimistic our capacity to fulfill orders through our website and curbside pickup will continue to increase, and we thank you for your continued patience and understanding. For answers to frequently asked questions about curbside pickup, click here. ADAMS COUNTY Fine Wine & Good Spirits Premium Collection #0101 Fine Wine & Good Spirits #0211 Marshall’s Plaza 354 North Towne Square 1275 York Road 5600 Route 8 Gettysburg, PA 17325 Gibsonia, PA 15044 (717) 337-2168 (724) 444-1150 ALLEGHENY COUNTY Fine Wine & Good Spirits #0212 Fine Wine & Good Spirits #0201 959 Liberty Avenue 3239 Washington Pike Pittsburgh, PA 15222 Bridgeville, PA 15017 (412) 880-0452 (412) 221-5894 Fine Wine
  • Curbside Pickup Is Available at the Following Stores, Listed by County

    Curbside Pickup Is Available at the Following Stores, Listed by County

    Curbside pickup is available at the following stores, listed by county. Most stores support curbside service Monday through Saturday — taking a limited number of orders on a first-call, first-served basis beginning at 9 a.m. each day — but some stores will operate on more limited days and hours. Those stores operating on more limited schedules are identified within this list, with days and hours of operation provided. Curbside pickup orders are limited to 12 bottles per order. Callers will be guided by employees through products available to purchase at each location. Payment by credit card will be required by phone, and all sales are final (no returns). Additionally, as of Friday, May 15, those stores in teal also offer limited in-store access. To view store hours, click here. For answers to frequently asked questions about curbside pickup, limited in-store access and online orders, click here. We thank you for your continued patience and understanding. ADAMS COUNTY Fine Wine & Good Spirits Premium Collection #0101 Fine Wine & Good Spirits #0211 Marshall’s Plaza 354 North Towne Square 1275 York Road 5600 Route 8 Gettysburg, PA 17325 Gibsonia, PA 15044 (717) 337-2168 (724) 444-1150 ALLEGHENY COUNTY Fine Wine & Good Spirits #0212 Fine Wine & Good Spirits #0201 959 Liberty Avenue 3239 Washington Pike Pittsburgh, PA 15222 Bridgeville, PA 15017 (412) 880-0452 (412) 221-5894 Fine Wine & Good Spirits #0213 Fine Wine & Good Spirits #0202 217 Atwood Street River Town Shops Pittsburgh, PA 15213 90 Allegheny River Boulevard (412) 688-1943 Verona,
  • Economic Development Strategy and Implemenation

    Economic Development Strategy and Implemenation

    MEDIA ECONOMIC DEVELOPMENT STRATEGY AND IMPLEMENTATION PLAN October 31, 2017 REPORT SUBMITTED TO: Jeff Smith, Borough Manager Media Borough 301 N. Jackson Street Media, PA 19063 REPORT SUBMITTED BY: Econsult Solutions, Inc. 1435 Walnut Street, 4th Floor Philadelphia, PA 19102 Econsult Solutions, Inc.| 1435 Walnut Street, 4th floor| Philadelphia, PA 19102 | 215-717-2777 | econsultsolutions.com Media, Pennsylvania | Economic Development Strategy and Implementation Plan | i TABLE OF CONTENTS 1.0 Introduction ............................................................................................................................ 1 1.1 Our Charge and Our Approach ................................................................................ 1 1.2 Overview of the Report ............................................................................................... 2 2.0 Economic Vision and Goals ................................................................................................. 4 2.1 Vision Overview ............................................................................................................ 4 2.2 Public Outreach Methodology .................................................................................. 4 2.3 Summary of Public Outreach Findings ...................................................................... 4 2.4 Principles for the Economic Development Vision and Goals ................................ 5 2.5 Vision Statement .........................................................................................................
  • SEPTA Suburban St & Transit Map Web 2021

    SEPTA Suburban St & Transit Map Web 2021

    A B C D E F G H I J K L M N O P Q R S T U V W X Y Z AA BB CC Stoneback Rd Old n d California Rd w d Rd Fretz Rd R o t n R d Dr Pipersville o Rd Smiths Corner i Rd Run Rd Steinsburg t n w TohickonRd Eagle ta Pk Rolling 309 a lo STOCKTON S l l Hill g R Rd Kellers o Tollgate Rd in h HAYCOCK Run Island Keiser p ic Rd H Cassel um c h Rd P Portzer i Tohickon Rd l k W West a r Hendrick Island Tavern R n Hills Run Point Pleasant Tohickon a Norristown Pottstown Doylestown L d P HellertownAv t 563 Slotter Bulls Island Brick o Valley D Elm Fornance St o i Allentown Brick TavernBethlehem c w Carversvill- w Rd Rd Mervine k Rd n Rd d Pottsgrove 55 Rd Rd St Pk i Myers Rd Sylvan Rd 32 Av n St Poplar St e 476 Delaware Rd 90 St St Erie Nockamixon Rd r g St. John's Av Cabin NJ 29 Rd Axe Deer Spruce Pond 9th Thatcher Pk QUAKERTOWN Handle R Rd H.S. Rd State Park s St. Aloysius Rd Rd l d Mill End l La Cemetery Swamp Rd 500 202 School Lumberville Pennsylvania e Bedminster 202 Kings Mill d Wismer River B V Orchard Rd Rd Creek u 1 Wood a W R S M c Cemetery 1 Broad l W Broad St Center Bedminster Park h Basin le Cassel Rockhill Rd Comfort e 1100 y Weiss E Upper Bucks Co.
  • Eastern Pennsylvania Southern New Jersey Delaware

    Eastern Pennsylvania Southern New Jersey Delaware

    2017 Year-End | Retail Research & Forecast Report EASTERN PENNSYLVANIA SOUTHERN NEW JERSEY DELAWARE MARKET INDICATORS PA/NJ/DE PA/NJ/DE Regional Retail Market | Overview Relative to prior period Q2 2017 Q2 2018* > The regional vacancy rate decreased during the last two quarters VACANCY from 8.2 to 7.6 percent. CONSTRUCTION > While the majority of new, ground-up construction has been in RENTAL RATES mixed-use developments, redevelopment of existing centers and on infill locations has increased sharply. *Projected Arrows compare current period to the previous period and forecast the next period. > Asking rents remained stable with stagnation in rent for older centers. > Investment activity increased for fully-leased centers and ASKING RENTAL RATES BY CENTER TYPE redevelopment opportunities. Owners continue to rethink their AVERAGE ASKING center mix and spin off non-core assets. RENTS Asking rents for Community, Neighborhood The regional retail market has been adjusting to the pressure from COMMUNITY $14.00-$32.00 and Lifestyle Centers are e-commerce and big box retailer instability. In spite of a “terminal” for the typical quoted rent diagnosis, deals are still being done. Although still up from the end of NEIGHBORHOOD $12.00-$30.00 per-square-foot, triple net; 2016, vacancy decreased during the third and fourth quarters. and for in-line spaces. For Power Centers, asking POWER $13.00-$22.00 E-commerce-resistant tenants such as off-price retailers, medical rents are for anchor or junior anchor positions, users, entertainment, and fitness operators continue to be more $25.00-$45.00 LIFESTYLE 10,000 SF to 40,000 SF.
  • Q207 Supplemental 073107 Final

    Q207 Supplemental 073107 Final

    Pennsylvania Real Estate Investment Trust Supplemental Financial and Operating Information Quarter Ended June 30, 2007 www.preit.com NYSE: (PEI) Pennsylvania Real Estate Investment Trust Supplemental Financial and Operating Information June 30, 2007 Table of Contents Introduction Company Information 1 Press Release Announcements 2 Market Capitalization and Capital Resources 3 Operating Results Income Statement-Proportionate Consolidation Method - Three Months Ended June 30, 2007 and 2006 4 Income Statement-Proportionate Consolidation Method - Six Months Ended June 30, 2007 and 2006 5 Net Operating Income - Three Months Ended June 30, 2007 and 2006 6 Net Operating Income - Six Months Ended June 30, 2007 and 2006 7 Computation of Earnings per Share 8 Funds From Operations and Funds Available for Distribution 9 Operating Statistics Leasing Activity Summary 10 Summarized Rent Per Square Foot and Occupancy Percentages 11 Mall Sales and Rents Per Square Foot 12 Mall Occupancy - Owned GLA 13 Power Center and Strip Center Rents Per Square Foot and Occupancy Percentages 14 Top Twenty Tenants 15 Lease Expirations 16 Gross Leasable Area Summary 17 Property Information 18 Balance Sheet Balance Sheet - Proportionate Consolidation Method 21 Balance Sheet - Property Type 22 Investment in Real Estate 23 Property Redevelopment and Repositioning Summary 25 Development Property Summary 26 Capital Expenditures 27 Debt Analysis 28 Debt Schedule 29 Shareholder Information 30 Definitions 31 FORWARD-LOOKING STATEMENTS This Quarterly Supplemental Financial and Operating Information contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
  • MERGER ANTITRUST LAW Albertsons/Safeway Case Study

    MERGER ANTITRUST LAW Albertsons/Safeway Case Study

    MERGER ANTITRUST LAW Albertsons/Safeway Case Study Fall 2020 Georgetown University Law Center Professor Dale Collins ALBERTSONS/SAFEWAY CASE STUDY Table of Contents The deal Safeway Inc. and AB Albertsons LLC, Press Release, Safeway and Albertsons Announce Definitive Merger Agreement (Mar. 6, 2014) .............. 4 The FTC settlement Fed. Trade Comm’n, FTC Requires Albertsons and Safeway to Sell 168 Stores as a Condition of Merger (Jan. 27, 2015) .................................... 11 Complaint, In re Cerberus Institutional Partners V, L.P., No. C-4504 (F.T.C. filed Jan. 27, 2015) (challenging Albertsons/Safeway) .................... 13 Agreement Containing Consent Order (Jan. 27, 2015) ................................. 24 Decision and Order (Jan. 27, 2015) (redacted public version) ...................... 32 Order To Maintain Assets (Jan. 27, 2015) (redacted public version) ............ 49 Analysis of Agreement Containing Consent Orders To Aid Public Comment (Nov. 15, 2012) ........................................................... 56 The Washington state settlement Complaint, Washington v. Cerberus Institutional Partners V, L.P., No. 2:15-cv-00147 (W.D. Wash. filed Jan. 30, 2015) ................................... 69 Agreed Motion for Endorsement of Consent Decree (Jan. 30, 2015) ........... 81 [Proposed] Consent Decree (Jan. 30, 2015) ............................................ 84 Exhibit A. FTC Order to Maintain Assets (omitted) ............................. 100 Exhibit B. FTC Order and Decision (omitted) .....................................
  • November Feature Article Employment in New Jersey’S Labor Areas Annual Review and Outlook Series

    November Feature Article Employment in New Jersey’S Labor Areas Annual Review and Outlook Series

    November Feature Article Employment in New Jersey’s Labor Areas Annual Review and Outlook Series he national and state economic outlooks are both appreciably more positive than at this time last year. As 2009 ends, most experts believe that the economy bottomed out in theT third quarter and that a fragile recovery is underway. The most recent Gross Domestic Product (GDP) estimates support this view. In the third quarter, GDP grew at an annualized rate of 3.5 percent, a marked improvement over the huge losses suffered in the fourth quarter of 2008 and the first quarter of this year. Since then, GDP declined by 0.7 percent in the second quarter and had positive growth of 3.5 percent in the third quarter. Most experts believe that the economy will grow between 2.5 to 3.0 percent in 2010. Personal consumption expenditures in the third quarter were up 3.4 percent, after declin- ing in three of the previous four quarters. A challenge going forward will be to sustain con- sumer spending in the face of some serious obstacles, some of which are discussed below. The outlook for the labor market is far less optimistic. The labor market economy will es- sentially remain stagnant for a while longer. The national unemployment rate is now in double digits for the first time since the 1981-1982 recession. The New Jersey unemployment rate is at the highest level since early 1977. In October 2009, the national unemployment rate increased to 10.2 percent while the New Jersey unemployment rate rose to 9.7 percent.
  • Parcels a & B Smedley Property

    Parcels a & B Smedley Property

    CONFIDENTIAL OFFERING MEMORANDUM PARCELS A & B SMEDLEY PROPERTY VACANT LAND LOCATED AT ROSE TREE ROAD AND NORTH MIDDLETOWN ROAD MEDIA, DELAWARE COUNTY, PA 19063 THIS INVESTMENT OFFERING MEMORANDUM Seller and GOLA CORPORATE REAL ESTATE, has been prepared by GOLA CORPORATE REAL INC. each expressly reserve the right, at their ESTATE, INC. and does not purport to provide a sole discretion, to reject any and all expressions necessarily accurate summary of the Property or of interest or offers regarding the Property and/or any of the documents related thereto, nor do they terminate discussions with any entity at any time purport to be all inclusive or to contain all of the with or without notice. Seller shall have no legal information which prospective investors may need commitment or obligation to sell the property FOR MORE INFORMATION, or desire. All projections have been developed by to any entity reviewing the Investment Offering PLEASE CONTACT: Seller, GOLA CORPORATE REAL ESTATE, INC. Memorandum or making an offer to purchase the and designated sources, and are based upon Property unless and until such offer is approved MARK GOLA assumptions relating to the general economy, by Seller, a written agreement for the purchase of competition and other factors beyond the control the Property has been fully executed, delivered Principal of Seller, and therefore are subject to variation. and approved by Seller and its legal counsel and 610-517-1607 No representation is made by Seller or GOLA any conditions to Seller’s obligations thereunder [email protected] CORPORATE REAL ESTATE, INC. as to the accuracy have been satisfied or waived.
  • Pennsylvania Real Estate Investment Trust

    Pennsylvania Real Estate Investment Trust

    Pennsylvania Real Estate Investment Trust Supplemental Financial and Operating Information Quarter Ended December 31, 2008 www.preit.com NYSE common shares (PEI) Pennsylvania Real Estate Investment Trust Supplemental Financial and Operating Information December 31, 2008 Table of Contents Introduction Company Information 1 Press Release Announcements 2 Market Capitalization and Capital Resources 3 Operating Results Income Statement-Proportionate Consolidation Method - Three Months Ended December 31, 2008 and December 31, 2007 4 Income Statement-Proportionate Consolidation Method - Twelve Months Ended December 31, 2008 and December 31, 2007 5 Net Operating Income - Three Months Ended December 31, 2008 and December 31, 2007 6 Net Operating Income - Twelve Months Ended December 31, 2008 and December 31, 2007 7 Computation of Earnings per Share 8 Funds From Operations and Funds Available for Distribution 9 Operating Statistics Leasing Activity Summary 10 Summarized Rent Per Square Foot and Occupancy Percentages 11 Mall Sales and Rent Per Square Foot 12 Mall Occupancy - Owned GLA 13 Strip and Power Center Rent Per Square Foot and Occupancy Percentages 14 Top Twenty Tenants 15 Lease Expirations 16 Gross Leasable Area Summary 17 Property Information 18 Vacant Anchor Summary 21 Balance Sheet Balance Sheet - Proportionate Consolidation Method 22 Balance Sheet - Property Type 23 Investment in Real Estate 24 Property Redevelopment and Repositioning Summary 26 Development Property Summary 27 Capital Expenditures 28 Debt Analysis 29 Debt Schedule 30 Shareholder Information 31 Definitions 32 FORWARD-LOOKING STATEMENTS This Quarterly Supplemental Financial and Operating Information contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
  • Exton Square Mall PROPERTY HIGHLIGHTS Exton, Pennsylvania TRADE AREA

    Exton Square Mall PROPERTY HIGHLIGHTS Exton, Pennsylvania TRADE AREA

    exton square mall PROPERTY HIGHLIGHTS exton, pennsylvania TRADE AREA we’re preit ® and we build trust MALL HIGHLIGHTS Center Size 1,086,300 sf Year Opened 1973 Year Remodeled 2000 Food Court 12 Units ANCHORS & JUNIOR ANCHORS Macy’s 181,200 sf Boscov’s 178,000 sf Sears 144,300 sf jcpenney 118,000 sf REstaURANTS & OUTPARCELS Kmart 96,200 sf FEATURED RETAILERS aerie American Eagle Outfitters Banana Republic Chico’s The Children’s Place Cotton On Crazy 8 Express Forever 21 Francesca’s Collections Gap/GapKids/GapBody H&M Hollister JoS. A. Bank LOFT rue21 Victoria’s Secret White House | Black Market MALL INFO LOCATION OCCUPANCY SALES PER RESTAURANTS ENTERTAINMENT RATE SQUARE FOOT & DINING HOME MALL INFO LOCATION OCCUPANCY SALES PER RESTAURANTS ENTERTAINMENT PROPERTY HIGHLIGHTS RETAILERS DEMOGRAPHICS HOUSEHOLD POPULARATE TION EDUCASQUARETION FOOT & ATDININGTRACTIONS INCOME DATA Centrally located at the Food Court sales in excess Vanguard Group, TYCO, QVC and Highlighted by West Chester University, TRADE AREA region’s shopping and dining hub. of $1,000 per square foot. other major employers help keep local colleges and school districts Easily accessible from major local unemployment rate significantly boast enrollments of over 55,000 students. roadsMALL INFO RoutesLOCA 30,TION 100, 202OC CUPandANC Y SALES PER RESTAURANTS ENTERTAINMENT lower than state and national average. MALL INFO LOCATION OCCUPANCY SALES PER RESTAURANTS ENTERTAINMENT HOTEL DATA EMPLREOYTAILERSMENT DEMOGRAPHICS HOUSEHOLD POPULATION EDUCATION ATTRACTIONS RATE SQUARE FOOT Amenities& DINING and conveniences DAYTIME TRANSPORTATION MILITARY REDEVELOPMENTNearby Downingtown School District the PARATE Turnpike. SQUARE FOOT & DINING INCOME DATA include covered parking, POPULATION is ranked in the top 4% of PA.