Great Northern Mall North Olmsted, (Cleveland) Ohio Region’S Premier Retail Destination with Many Unique-To-Market Stores
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Great Northern Mall Great Northern Mall North Olmsted, (Cleveland) Ohio Region’s premier retail destination with many unique-to-market stores Diverse anchors, revitalized Dining Court and state-of-the art cinema WESTLAKE, OH Conveniently located to affluent and CLEVELAND, OH family-oriented communities The gathering place for Greater STRONGSVILLE, OH Cleveland’s West Side OBERLIN, OH AKRON, OH 10 MILES Great Northern Mall North Olmsted, (Cleveland) Ohio Enclosed super-regional mall Located 13 miles southwest of downtown Cleveland Exceptionally large trade area Near affluent areas of Westlake, Avon, Lakewood, Bay Village, and Rocky River Property Description major roads I-480 and Highway 252 center description Enclosed, one-level center anchors Macy’s, Dillard’s, JCPenney, Sears, total sf 1,200,000 and Dick’s Sporting Goods # of stores 120 key tenants Disney Store, H&M, Justice, The Rail, Forever 21, Victoria’s Secret, Pink, New York & Company, # of parking 5,300 McAlister’s Deli, BJ’s Restaurant, and a 10-screen Regal Cinemas THE CENTER THE MARKET STARWOOD Great Northern Mall “Whether you are looking for a new home, place of business or a fun day of shopping, entertainment and a great meal, you will find our community has a lot to offer.” — North Olmsted Mayor Kevin Kennedy THE CENTER THE MARKET STARWOOD Great Northern Mall At Interstate 480 and State Route 252 5 minutes from Cleveland Hopkins International Airport Five sit-down restaurants and 13 express eateries Movie theater draws from across the trade area Area Mainstay, Yet All New 40+ years serving western Cuyahoga Visible to 112,000 vehicles on I-480 and eastern Lorain counties Proactive township encouraging Home to Cleveland’s only Disney store business growth and development and area’s largest Forever 21 THE CENTER THE MARKET STARWOOD Great Northern Mall THE CENTER THE MARKET STARWOOD Great Northern Mall Part of a revitalized Cleveland with strong employment base and educated workforce $17B+ in local capital developments, including $2.7B for tourism World-class higher education institutions Diverse market of residents, students, tourists and office workers Large, Highly-educated Market Trade area population of 934,600 Within 5 miles, 68% of adults are people college educated and 33% of households earn $100,000+ 107,400 daytime employees within 5 miles Near Cleveland Clinic, with 5.9 million outpatient visits and 48,000 employees 70,000+ college students in trade area THE CENTER THE MARKET STARWOOD Great Northern Mall CLEVELAND 6 LAKEWOOD Distance to Competition I-90 Avon Commons Avon Commons Crocker Park Westgate Shopping Center WESTLAKE Driving – 10 mi, 20 min AVON Crocker Park Lorain Road Driving – 6 mi, 15 min 25,100 AADT SouthPark Mall Driving – 15 mi, 20 min Great Northern Mall Westgate Shopping Center 83 NORTH OLMSTED CLEVELAND HOPKINS Brookpark Road Driving – 5 mi, 14 min INT’L AIRPORT 15,300 AADT I-480 Great Northern Blvd I-71 20 111,900 AADT 22,400 AADT 42 I-80 MIDDLEBURG HEIGHTS Legend Primary Trade Area Secondary Trade Area Competition 19.5 MILES Access Roads STRONGSVILLE (AADT= annual average daily traffic) SouthPark Mall 3 MILES THE CENTER THE MARKET STARWOOD Great Northern Mall Cleveland State University Area Attractions (Cleveland) Rock and Roll Hall of Fame and Museum 6 LAKEWOOD FirstEnergy Stadium I-90 (pro football) Progressive Field WESTLAKE MetroHealth Medical (pro baseball) Center & Hospital Quicken Loans Arena American Greetings (pro basketball) Creative Studios (HQ) I-71 Museum of Natural Great Northern Mall Cleveland Clinic History The Children’s Museum of NORTH OLMSTED NASA Glenn GM Metal Fabrication Cleveland Lorain County Moen Inc. (HQ) Research Center Community College PARMA CLEVELAND HOPKINS Predominant Colleges INT’LAIRPORT Cleveland State University I-71 42 Cuyahoga Community College Lorain County Cuyahoga Community College MIDDLEBURG Community College HEIGHTS I-80 Combined enrollment: 52,300 3 Legend Primary Trade Area Secondary Trade Area Colleges NORTH Key Employers ROYALTON 3 MILES THE CENTER THE MARKET STARWOOD Great Northern Mall Demographics PTA1 STA2 TTA3 US Avg Population 2019 estimate 419,686 514,879 934,565 $96,800 average 2024 projection 421,609 515,355 936,964 household income within 5 % growth 2019–2024 0.5% 0.1% 0.3% 3.6% miles Population White 84% 83% 83% 70% By Race Black 8% 8% 8% 13% 75% home ownership within Asian 3% 2% 2% 6% 5 miles Hispanic Ethnicity 8% 11% 10% 18% 70% of employed residents Median Age 42 41 41 39 within 5 miles occupy % age 15-24 12% 13% 12% 14% white-collar positions % age 25 to 44 25% 25% 25% 26% % age 45 to 64 27% 28% 27% 26% Households 2019 estimate 180,960 210,709 391,669 2024 projection 182,706 212,583 395,289 2019 households with kids under 18 28% 31% 30% 34% Average 2019 estimate $80,683 $77,026 $78,715 $89,646 Household % earning $75,000+ 38% 38% 38% 42% Income 2024 projection $88,667 $84,297 $86,317 $98,974 Education % college educated 62% 57% 59% 60% 1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 701 2,362 7,803 22,803 Employment daytime employment 10,358 32,306 107,366 290,394 1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area THE CENTER THE MARKET STARWOOD Great Northern 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 $95,400 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 Blue Back Square Michigan Virginia Tony Verostko / Director, Leasing / 440.668.3665 / Florida Fairlane Town Center MacArthur Center [email protected] The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park Westland Mall Montana Washington Bill Cikalo / Director, Big Box Leasing & Development / Georgia Rimrock Mall Capital Mall The Collection at Forsyth Kitsap Mall 312.283.5121 / [email protected] Nebraska Gateway Mall Jake Miller / Director, National Restaurant and Entertainment Leasing / 614.256.7385 / [email protected] Sources: The Nielsen Company (2019), State Department of Transportation, State and Local Economic Development Resources Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com THE CENTER THE MARKET STARWOOD Great Northern Mall.