Plaza West Covina West Covina, (Los Angeles) California If Ever a Shopping Center Exemplified the Phrase “Location, Location, Location,” It’S Plaza West Covina
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Plaza West Covina Plaza West Covina West Covina, (Los Angeles) California If ever a shopping center exemplified the phrase “Location, Location, Location,” it’s Plaza West Covina. Visible from Interstate 10 (the main PASADENA, CA freeway between Los Angeles and Palm Springs), and close to three other major freeways, this truly LOS ANGELES, CA CHINO, CA super-regional center may be one of the most accessible centers in the United States. LONG BEACH, CA ANAHEIM, CA 10 MILES And Plaza West Covina has the success to prove it, with some of the best-performing fashion and specialty stores in their chains, supported by a committed and loyal community of full-time residents and daytime employees. From stores to shoppers, they’re all here. PlazaTHE CENTER West CovinaTHE MARKET STARWOOD NameWest Covina, (Los Angeles) California • Dominant two-level super-regional center • Exceptional freeway visibility and access • Centrally positioned between Los Angeles, San Bernardino and Orange Counties • The one-stop shop for the San Gabriel Valley Property Description major roads I-10 between Vincent & center description Enclosed, two-level center Sunset Avenues anchors Macy’s, JCPenney, Sears, Best Buy, and Nordstrom Rack total sf 1,200,000 key tenants XXI Forever, H&M, Cotton On, Cotton On Kids, Disney Store, # of stores 175 G by Guess, MAC Cosmetics, PINK, Gen Korean BBQ House, Victoria’s Secret, Gold’s Gym, Lazy Dog Restaurant & Bar, # of parking 6,000 Lucille’s Smokehouse BBQ, DXL, and Red Robin THE CENTER THE MARKET STARWOOD Plaza West Covina “An active and vibrant city with new and exciting projects” — City of West Covina THE CENTER THE MARKET STARWOOD Plaza West Covina • More than 175 fashion, specialty and dining options • Wide variety of food options and ethnic cuisines • Combines big boxes and traditional mall tenants for total retail experience • Center includes additional complex with restaurants and services Location, Selection Located on Interstate 10 with visibility Close proximity to Interstates 210 and to 228,000 vehicles daily 605, and Highways 60 and 57 20 miles east of Los Angeles on main Multiple sit-down restaurants offering freeway to Palm Springs convenient choices for 71,300 daytime employees (within 3 miles) THE CENTER THE MARKET STARWOOD Plaza West Covina Ranked #1 of things to do in West Covina — TripAdvisor.com • Trade area economy fueled by medical, media, manufacturing, and education • Near major centers of employment • Pro-business environment • More than 13 million square feet of nearby office space • Wealthier market than Los Angeles County overall SoCal Quality Total trade area of 848,400 people Professional, construction and health services jobs expected to outperform 46% of households have children in the San Gabriel Valley in both under 18 employment group and wage More than 1 in 4 households earn $100,000+ THE CENTER THE MARKET STARWOOD Plaza West Covina • Active, growing family-oriented community Primary Trade Area Average Household • The Colony at the Lakes residential development is now open Expenditures $2,806 on food away from home, 11% above US • Exceptionally strong apparel sales well above US average $2,584 on apparel, 31% above US $1,024 on personal care • Ethnically diverse population products and services, 5% above US $947 on sports and recreation, 9% above US $641 on home furnishings, 2% above US THE CENTER THE MARKET STARWOOD Plaza West Covina Distance to Competition Montclair Plaza Driving – 16 mi, 19 min Puente Hills Mall ARCADIA Driving – 9 mi, 18 min The Shops At Montebello Westfield Santa Anita I-210 Driving – 11 mi, 19 min LA/ONTARIO Westfield Santa Anita South Vincent Avenue INT’L AIRPORT Driving – 13 mi, 25 min 48,000 AADT BRACKETT FIELD COVINA AIRPORT Plaza West Covina Montclair Plaza I-10 EL MONTE South Glendora Avenue 226,000 AADT West Covina Parkway 29,100 AADT 16,700 AADT POMONA Sunset Avenue 25,200 AADT The Shops At Montebello 60 CITY OF WALNUT INDUSTRY 229,000 AADT Legend I-605 Primary Trade Area Secondary Trade Area Puente Hills Mall WHITTIER Competition Access Roads (AADT= annual average daily traffic) 3 MILES THE CENTER THE MARKET STARWOOD Plaza West Covina Colleges Pasadena City College I-210 Mt. San Antonio College Pasadena City College Citrus College Azusa Pacific University California State I-605 Polytechnic – Pomona Citrus College Azusa Pacific University San Gabriel Valley Newspaper Group Whittier College COVINA Concord Battery Corp (HQ) Citrus Valley Combined enrollment: 95,800 Medical Center Plaza West Covina I-10 I-10 EL MONTE West Covina Unified School District Queen of the Valley Hospital California State Polytechnic – Pomona Mt. San Antonio College 60 CITY OF INDUSTRY WALNUT Legend Primary Trade Area Secondary Trade Area Colleges Whittier College Key Employers 3 MILES THE CENTER THE MARKET STARWOOD Plaza West Covina Demographics PTA1 STA2 TTA3 US Avg Population 2017 estimate 363,264 485,123 848,387 “West Covina offers 2022 projection 374,167 500,727 874,894 quality housing, safe % growth 2017–2022 3.0% 3.2% 3.1% 3.8% neighborhoods, Population White 46% 49% 48% 70% outstanding schools, By Race Black 3% 2% 2% 13% excellent health services, Asian 17% 22% 20% 6% and first class dining Hispanic Ethnicity 71% 56% 62% 18% and shopping venues.” Median Age 35 36 36 38 — City of West Covina % age 15-24 15% 15% 15% 14% % age 25 to 44 29% 27% 28% 26% % age 45 to 64 24% 26% 25% 26% Households 2017 estimate 94,338 139,085 233,423 2022 projection 97,294 143,993 241,287 2017 households with kids under 18 50% 44% 46% 34% Average 2017 estimate $79,063 $87,355 $84,004 $80,853 Household % earning $100,000+ 27% 30% 29% 26% Income 2022 projection $85,651 $94,348 $90,841 $87,464 Education % college educated 44% 53% 49% 59% 1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 1,508 6,994 15,306 50,505 Employment daytime employment 15,392 71,301 189,335 538,285 1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area THE CENTER THE MARKET STARWOOD Plaza West Covina Predominant Market Lifestyle Segments Sustaining Families —30% Midlife Success —21% • Urban, multi-cultural mix • Singles & couples in their 30’s • Younger to middle-age and 40’s • Middle-class families, blend • Wealthiest of the Younger of kids, singles and couples Years class • Modest lifestyles, aspirational • College-educated with shoppers six-figure incomes • Enjoy a wide variety of media • Executive and professional jobs • Fans of technology, financial products, and travel Affluent Empty Nesters—17% Conservative Classics—12% • Upscale couples age 45+ • Upper-middle-class age 55+ with children • Childless singles and couples • College-educated holding • College-educated executive and professional • Enjoy comforts of home, positions gardening, reading, and • Disposable cash with active entertaining lifestyles • Frequent patrons to • Involved in the community museums, the theater, and • Indulge in travel, cultural casual-dining restaurants events, and exercise equipment THE CENTER THE MARKET STARWOOD Plaza West Covina 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 / 650.726.2450 / Solano Town Center Franklin Park Mall Steve Fahrbach 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 Bryant Siragusa / Vice President, National Restaurant and Entertainment The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park Leasing / 214.771.2003 / [email protected] Westland Mall Montana Washington Georgia Rimrock Mall Capital Mall Naumann Idrees / Vice President, Leasing – West / 312.265.7046 / The Collection at Forsyth Kitsap Mall [email protected] Nebraska Gateway Mall Michael Powers / Senior Vice President, Leasing / 312.242.3208 / [email protected] Sources: The Nielsen Company; State Department of Transportation; State and Local Economic Development Resources 04/20/17 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com THE CENTER THE MARKET STARWOOD Plaza West Covina.