Palo Alto — California Where Silicon Valley Shops
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PALO ALTO — CALIFORNIA WHERE SILICON VALLEY SHOPS Established more than 100 years ago, Palo Alto is now known as the creative and cultural hotbed for technology. A charming mix of historic Northern California culture and cutting–edge innovation, the city offers an exceptional quality of life to its more than 67,000 residents. HP, Tesla, Lockheed Martin, Pinterest and Skype are all centrally headquartered in Palo Alto with other prominent tech companies Google, Facebook, Yahoo and Symantec based in neighboring Silicon Valley communities. Palo Alto is home to Stanford University, one of the top universities and research centers in the country, along with the acclaimed The Stanford University Medical Center and Lucile Packard Children’s Hospital. VIEW FROM PAVILION 4 AND LADY ELLEN COURT HIGH TECH. HIGH CULTURE. Palo Alto’s natural beauty, together with the sophistication and diversity of its inhabitants, enrich the city’s culture. The population is highly educated, with nearly 80% of residents with college degrees and 50% with a master’s degree or higher. Stanford University serves as a hub for the area’s cultural activity with the Hoover Tower, Memorial Church, The Cantor Arts Center and the Rodin Sculpture Garden all located on the university grounds. Surrounded by gorgeous foothills and a multitude of well-kept city parks, Palo Alto outdoor offerings are endless with renowned hiking trails, golf courses and gardens. Neiman Marcus, Nordstrom, Bloomingdale’s and Macy’s plus more than 140 world-class specialty shops and restaurants An open-air shopping center with award-winning gardens and hundreds of seasonal flowers The center is adorned with sculptures and murals by prominent California artists Stanford’s Neiman Marcus is the 4th highest performer, outselling our Copley Place and Westchester locations The center is also home to the 5th best performing Nordstrom in the portfolio, with $88 million in total sales 142,000 residents live within three miles of the center with an average household income of $156,227 VIEW ALONG PORTICO WAY VIEW TOWARD NEW DEVELOPMENT FROM QUARRY ROAD PALO ALTO’S PREMIER SHOPPING DESTINATION The ultimate shopping center in the San Francisco Bay Area, Stanford Shopping Center features luxury department stores and more than 140 world-class specialty shops and restaurants. The center’s performance is even more impressive. It ranks as one of the top performers in the Simon portfolio. Stanford is also home to top performing Neiman Marcus and Nordstrom locations. True to its California roots, the center is designed with a distinctive open-air environment surrounded by award-winning gardens. VIEW TOWARD PAVILION 4 INNOVATING THE SHOPPING EXPERIENCE Stanford Shopping Center celebrated its 60th anniversary in 2016 and is continuously seeking to accommodate the sophisticated and demanding retail landscape, as well as the center’s customers who are rooted in tradition but crave the same innovation that continues to buzz throughout the Silicon Valley region. As part of Stanford Shopping Center’s most recent transformation completed in 2016, Neiman Marcus finalized an interior renovation, Bloomingdale’s relocated into a new, two-level, 120,000-square-foot store, and Anthropologie opened a 32,000-square-foot multi-level flagship store and restaurant, Terrain Café. Additionally, the center welcomed the arrival of 22 new specialty stores and restaurants, including True Food Kitchen, Tender Greens, AllSaints, The North Face, vineyard vines, Luisa Spagnoli, lululemon, Jenni Kayne, and Lush. Stanford Shopping Center is further elevating the luxury shopping experience with the addition of high-fashion retailer Hermès, slated to open in 2018, and French luxury house Cartier, which opened its doors in Fall 2016. The elevated retail environment of Stanford Shopping Center reflects the Bay Area’s upscale and outdoor lifestyle. The enhancement of the property remains true to the center’s history of casual elegance in a spectacular garden setting that has captivated visitors for sixty years. It’s distinctive character is defined more by the wonderful landscape spaces between the structures than the architecture itself. Highlights of this space include a new infinity edge water feature and the seasonal rotation of lush blooming flowers. VIEW OF PARK PLAZA WEST VIEW OF PARK PLAZA EAST LOCATION & DEMOGRAPHICS 580 SAN FRANCISCO INTL AIRPORT 92 880 680 Stanford Shopping Center’s trade area Located at the center of the Bay Area Palo Alto consists of exceptionally affluent residential Peninsula in Palo Alto, California, Stanford communities within the nation’s sixth most Shopping Center is approximately 30 82 populous metropolitan area, including Palo minutes from San Jose and 45 minutes Alto, Menlo Park, Atherton, Portola Valley, from San Francisco. 280 Woodside, Hillsborough, Los Altos Hills, Cupertino, Saratoga and Los Gatos. The center is adjacent to Stanford University, at the intersection of El Camino 101 The trade area draws heavily from Real and Sand Hill Road. Just three miles Silicon Valley’s numerous tech companies from US 101 and I-280, Stanford Shopping that employ a uniquely young, educated Center is also easily accessible by public and largely male population. Additionally, transportation. Stanford University’s campus-housed student body makes a significant N contribution to the area economy. DEMOGRAPHICS 2016 2021 Trade Area Population 900,229 906,228 Total Daytime Population 675,757 — Trade Area Households 341,826 344,494 Average Annual HH Income $156,645 $165,489 *Information as of 5/1/17. Source: SPG Research; trade area demographic information per STI: PopStats (2016). About Simon Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE: SPG). Stanford Shopping Center presents a unique opportunity for your brand. Please contact the following Simon leasing professional for more information: Todd Eads (317) 685-7381 [email protected].