Southlake Mall Merrillville, Indiana Dominant powerhouse in a market CHICAGO, IL that offers urban, suburban and rural living
MICHIGAN CITY, IN Northwest Indiana’s gathering GARY, IN place for shopping, dining and entertainment
VALPARAISO, IN A community full of families, CROWN POINT, IN Chicago commuters and educators INDIANA Strong performing stores and ILLINOIS
restaurants 10 MILES
Southlake Mall Merrillville, Indiana Enclosed two-level super-regional mall
Five anchors and adjacent theater
More than 150 stores
The region’s retail hub with closest center 40 miles away
Property Description
major roads I-65 and US Highway 30 center description Enclosed, two-level center anchors Macy’s, Carson’s, JCPenney, Dick’s Sporting Goods, Kohl’s, Sears, total sf 1,360,000 and AMC Showplace 12 # of stores 155 key tenants Build-A-Bear Workshop, Buckle, Bath & Body Works, Victoria’s Secret, H&M, Forever 21, Pink, Disney, Vans, Skechers, La Senza, # of parking 7,550 Buffalo Wild Wings, and Cooper’s Hawk Winery & Restaurant
THE CENTER THE MARKET STARWOOD Southlake Mall “Northwest Indiana’s best shopping, dining and entertainment destination for the whole family.”
— Crossroads Regional Chamber of Commerce
THE CENTER THE MARKET STARWOOD Southlake Mall Located 35 miles southeast of Chicago, along Indiana’s I-65 corridor
Home to some of the most successful stores and restaurants in their chains
Diverse mix of fast-casual and sit- down dining
A Captive and Captivated Market Accessible to 140,000+ vehicles daily Large trade area of nearly 700,000 on adjacent roads people The only enclosed center in the Lower sales tax than metro Chicago second largest county in Indiana
THE CENTER THE MARKET STARWOOD Southlake Mall THE CENTER THE MARKET STARWOOD Southlake Mall Lake County is a leading job growth engine in the Midwest
Economy dominated by scientific, professional, oil, healthcare, and higher education
Pro-business community
Strong housing growth
City Opportunities, Small Town Lifestyle 23% PTA household growth since 32,800 daytime employees within three 2000 vs. 10% Indiana miles 77% PTA home ownership with 17,000+ college students in the market low cost of living
THE CENTER THE MARKET STARWOOD Southlake Mall Orland Square (Orland Park) River Oaks Center Distance to Competing GARY I-90 HAMMOND Regional Malls I-94 PORTAGE Orland Square Driving – 41 mi, 45 min ILLINOIS INDIANA
HOBART Merrillville Plaza Driving – 0.8 mi, 4 min Mississippi Street 16,200 AADT River Oaks Center CHICAGO HEIGHTS Driving – 22 mi, 30 min MERRILLVILLE Merrillville Plaza VALPARAISO
Southlake Mall Hwy 30/East Lincoln Hwy 65,400 AADT
CROWN POINT
I-65 75,200 AADT
Legend Primary Trade Area
Secondary Trade Area ILLINOIS INDIANA Competition
44.5 MILES Access Roads (AADT= annual average 3 MILES daily traffic)
THE CENTER THE MARKET STARWOOD Southlake Mall US Steel Corp
GARY I-90 HAMMOND Area Attractions Purdue University – PORTAGE Albanese Candy Factory Calumet Campus I-94 Deep River Waterpark Indiana University – Indiana University – Northwest US Steel Yard stadium Northwest (Admin) (minor league baseball)
53 HOBART Predominant Colleges
St. Mary Medical Center Purdue University – Calumet Campus Valparaiso University Indiana University – MERRILLVILLE 30 Northwest VALPARAISO 30 Combined enrollment: 17,600 NiSource (HQ) Valparaiso University Methodist Hospitals Southlake Mall
I-65 CROWN POINT
St. Anthony Medical Center Legend Primary Trade Area
Secondary Trade Area
Colleges
Key Employers 3 MILES
THE CENTER THE MARKET STARWOOD Southlake Mall Demographics PTA1 STA2 TTA3 US Avg Population 2018 estimate 328,465 362,957 691,422 Exceptionally large trade 2023 projection 334,523 357,858 692,381 area of urban, suburban % growth 2018–2023 1.8% –1.4% 0.1% 3.5% and rural residents Population White 83% 63% 73% 70% By Race Black 9% 26% 18% 13% 1 in 3 households have Asian 1% 2% 2% 6% children under 18 Hispanic Ethnicity 11% 17% 14% 18% 35% of PTA households will Median Age 40 39 40 38 earn $100,000+ by 2023 % age 15-24 14% 13% 14% 14% % age 25 to 44 25% 24% 24% 26% % age 45 to 64 27% 26% 27% 26% Households 2018 estimate 123,613 140,631 264,244 2023 projection 126,131 139,182 265,313 2018 households with kids under 18 34% 33% 34% 34% Average 2018 estimate $85,428 $68,988 $76,679 $86,278 Household % earning $75,000+ 45% 32% 38% 40% Income 2023 projection $94,899 $75,312 $84,624 $95,107 Education % college educated 57% 51% 54% 59%
1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 598 2,846 5,424 13,558 Employment daytime employment 11,038 32,806 56,336 141,914
1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area
THE CENTER THE MARKET STARWOOD Southlake Mall Starwood Retail Partners 5th largest manager of regional malls in the US
30 malls and lifestyle centers, with locations in 11 of the top 20 DMAs
100 million+ combined annual visits
$84,600 trade area average household income
California Illinois North Carolina Metreon The Arboretum of South Barrington Northlake Mall Northridge Mall Chicago Ridge Mall Parkway Plaza Louis Joliet Mall Ohio Plaza West Covina The Promenade Bolingbrook Belden Village Mall Solano Town Center Franklin Park Mall Indiana Great Northern Mall Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Connecticut Hamburg Pavilion The Shops at Willow Bend Kathy Tobin / Director, Leasing / 818.254.6276 / Blue Back Square Michigan Virginia [email protected] Florida Fairlane Town Center MacArthur Center The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park Bill Cikalo / Director, Big Box Leasing & Development / Westland Mall Montana Washington 312.283.5121 / [email protected] Georgia Rimrock Mall Capital Mall The Collection at Forsyth Kitsap Mall Nebraska Jake Miller / Senior Associate, National Restaurant and Gateway Mall Entertainment Leasing – Central / 614.256.7385 / [email protected]
Sources: The Nielsen Company (3/27/18), State Department of Transportation, State and Local Economic Development Resources Starwood Retail Partners 05/16/18 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com
THE CENTER THE MARKET STARWOOD Southlake Mall