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Atlanta, Georgia Market Overview

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Atlanta, Georgia Market Overview BUSINESS CARD DIE AREA 225 West Washington Street Indianapolis, IN 46204 (317) 636-1600 simon.com Information as of 5/1/16 Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG). ATLANTA, GEORGIA MARKET OVERVIEW Lenox Square and Phipps Plaza are the dominant shopping destinations in Atlanta, the ninth largest metro area in the country. • 5.5 million people live in the greater Atlanta metro area. EXCEPTIONAL • Major employers in the area include Coca-Cola, Delta Air Lines, Southern Company, ATLANTA AT&T, United Parcel Service, and Newell-Rubbermaid, among many others. • The prime location of the centers realize a significant daytime population, with 69 million Located in Buckhead, an affluent and thriving community square feet of office space located within five miles of Lenox Square. of Atlanta, Georgia, Lenox Square® attracts shoppers from the metro area as well as a strong tourist market. • The Buckhead area of Atlanta is consistently listed by the Robb Report as one of the Top — The Atlanta metro area is home to 5.6 million people. 10 Most Affluent Communities in the country. — Each year, Atlanta attracts over 42 million visitors. With several world-class hotels nearby, the Buckhead neighborhood is ideally situated to serve affluent visitors. — Buckhead is one of the country’s largest urban mixed- use development areas, combining office space, retail outlets, hotels, restaurants, entertainment spots, and high-rise residential units within its commercial core. — Some of Atlanta’s iconic arts and entertainment venues are within six miles of Lenox Square. — According to the 2016 Buckhead Guidebook, Buckhead’s population will grow 44% from 2010-2040 and employment will increase by 55%. — Buckhead is the ninth wealthiest zip code in the United States. 4 THE BUSINESS OF BUSINESS Many businesses have located their offices in the desirable Buckhead area, and development of office space continues to flourish. — Buckhead Tower at Lenox Square is connected to the center and has 360,000 square feet of Class A office space. — Within five miles of Lenox Square are 69 million square feet of Class A Office space. Within one mile are 4,274,000 square feet of office space. — In Buckhead, 16 buildings are under construction and another 59 buildings are proposed developments. — Major corporations in the area include Coca-Cola, Delta Air Lines, Southern Company, United Parcel Service, Home Depot, Newell-Rubbermaid, and Aflac. ARTS & CULTURE A vibrant arts community surrounds Lenox Square, and several important arts and entertainment venues are within six miles of the center. — The Woodruff Arts Center is the home of three leading arts organizations: The Alliance Theatre, Atlanta Symphony Orchestra, and High Museum of Art. — The Fox Theatre is a historic landmark and popular entertainment venue. — Located on 33 acres in Buckhead, the Atlanta History Center is one of the nation’s largest history museums. Tours include the Margaret Mitchell House, birthplace of Gone With the Wind. A LUXURY LANDMARK Lenox Square is an iconic shopping destination, and its luxury brands, upscale atmosphere, and amenities attract more than 22 million visitors annually. — Lenox Square is home to the top-performing Neiman Marcus and Macy’s stores in the country. — In 2014, a renovation added new outward-facing shops and a dramatic porte-cochère. The Fashion Café is a wholly redesigned space with new lighting, indoor and outdoor seating, and modern finishes. — JW Marriott is attached to the property and complements other high-end hotels nearby. — First-class amenities include valet parking, coat and package check, and personal shopping services. Shoppers also enjoy soft seating areas with device charging stations, Wi-Fi, and enhanced cellular connectivity. BY THE NUMBERS Anchored by Three Department Stores Neiman Marcus, Bloomingdale’s, Macy’s Square Footage Lenox Square spans 1,560,000 square feet. Four Levels More than 250 specialty shops. Restaurants More than 20 quick-service eateries. Five full-service restaurants. Parking Lenox Square provides ample parking with 6,700 parking spaces and three parking decks. THE WORLD’S MOST PRESTIGIOUS BRANDS Sophisticated. Chic. Distinctive. Many fine brands have chosen Lenox Square as their preferred location in Atlanta, Georgia. — Carolina Herrera — DVF — Ermenegildo Zegna — Escada — MCM — Ralph Lauren — Salvatore Ferragamo — St. John — Tory Burch INDULGENT DINING & ENTERTAINMENT At Lenox Square, visitors enjoy an outstanding selection of dining options. — Full-service restaurants include Bantam + Biddy, The Cheesecake Factory, California Pizza Kitchen, True Food Kitchen, and Zinburger Wine & Burger Bar. — The Fashion Café offers popular fast-casual restaurants, including Chick-fil-A, Chipotle Mexican Grill, Five Guys, Which Wich Superior Sandwiches, and Taziki’s. — Shoppers enjoy additional options throughout the center, such as Corner Bakery, Panera Bread, and Sprinkles Cupcakes. POSITIONED TO SUCCEED Lenox Square is located just minutes from downtown Atlanta at the intersection of Peachtree and Lenox 2015 2,550,623 Roads, one of the busiest intersections in the city. 2020 2,751,505 — Located along SR 400, as well as I-85, the center is easily accessible from any direction. — Readily accessible via two lines of Atlanta’s rapid 2015 997,620 transit system, MARTA, which also connects the 2020 1,080,119 center with The Hartsfield-Jackson International Airport, the world’s busiest passenger airport. 2015 $80,265 2020 $83,508 2015 1,614,219 2015 $211,237 Source: SPG Research; trade area demographic information per STI: PopStats (2015). DESTINATION SHOPPING Lenox Square is ideally located to attract visitors among Atlanta’s robust tourist population. — Within walking distance of Lenox Square are more than 5,000 hotel rooms and eight luxury hotels, including The Ritz Carlton, Mandarin Oriental, Intercontinental, The Westin, and W Atlanta Buckhead. — JW Marriott attached to the center features 367 rooms, four suites, and 18,000 square feet of meeting space. — Approximately six million shoppers are international visitors. Lenox Square’s luxury retail mix is especially appealing to shoppers from China, Japan, United Kingdom, and Venezuela. Woodstock Buford Sugar Hill Mountain Park Taylorsville 575 3 Alpharetta 13 Acworth Suwanee Aragon Roswell 14 Johns Creek Kennesaw 21 Rockmart Duluth Sandy Springs Braswell 4 8Berkeley Lake 20 11 5 Marietta Dunwoody Norcross 75 16 Dallas 85 Doraville 18 Chamblee Lilburn Grayson 7 Hiram Powder Springs Vinings 17North Atlanta Snellville Smyrna 15 Tucker 1 Loganv 6 Austell North Druid Hills Mableton Clarkston Lithia Springs Stone Mountain 2 Scottdale Druid Hills TRADE AREA BOUNDARY 20 22 Avondale Estates Atlanta Belvedere Park Temple 285 Redan Villa Rica Douglasville Candler-McAfee Lithonia Gresham Park 9 20 12 Lakeview Estates 10 East Point Hapeville Conley College Park 675 Forest Park Lake City Union City Morrow Chattahoochee Hills 19 Po 75 N Riverdale 0 5 Fairburn Stockbridge MILES Jonesboro Palmetto 85 Whitesburg Tyrone Irondale 1 Lenox Square 7 Cumberland Mall Bonanza 13 Mall Of Georgia 19 Southlake Mall 2 Atlantic Station 8 TheFayetteville Forum On Peachtree Parkway 14 North Point Mall 20 Sugarloaf Mills TRADE AREA & COMPETITION 3 Avalon 9 The Gallery At South Dekalb 15 Northlake Mall 21 Town Center At Cobb Simon Centers 4 The Avenue East Cobb 10 Greenbriar Mall 16 Perimeter Mall 22 Westside Provisions District Competition 5 The Avenue West Cobb 11 Gwinnett Place 17 Phipps Plaza 6 Buckhead Atlanta 12 The Mall At Stonecrest 18 The Shoppes at Webb Gin PHIPPS PLAZA SR 141 / PEACHTREE RD. NE LENOX RD. MACY'S NEIMAN MARCUS LENOX SQUARE HARVEY MATHIS PKWY. / BLOOMINGDALE'S JW MARRIOTT SR 400 N AERIAL OVERVIEW E. PACES FERRY RD. KEY LENOX SQUARE PKWY. DEPARTMENT STORES ANCHOR STORES RESTAURANTS RETAIL CAFE TENANTS LENOX FASHION CAFE NEIMAN HOTEL/OFFICE MARCUS BLOOMINGDALE’S TRUE FOODS LOWER LEVEL ZINBURGER WINE & BURGER BAR THREE LEVELS OF RETAIL XXI FOREVER NIKE (2 LEVELS) PEACHTREE RD. PEACHTREE THE CHEESECAKE FACTORY CALIFORNIA PIZZA KITCHEN (PLAZA LEVEL) MACY’S JW MARRIOTT E . P A C E S F ER R Y OFFICE R D . N LENOX RD. SITE PLAN SITE PLAN UNIQUE OPPORTUNITY Lenox Square presents a unique opportunity for your brand. Please contact the following leasing professional for more information. Michelle Smart (404) 841-3030 [email protected] THE CENTER OF STYLE Since opening in 1980, Miami International Mall has remained one of the benchmark of shopping for Miami consumers. Thee center remains a collection of the worlds best retail brands, attracting more than 8 million visitors annually..
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