Lloyd Center Leasing Book Comp 5.16.2019
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LEASING 2019 INFORMATION The iconic Lloyd Center - once America's largest malls and a model for retail centers across the country - is being reimagined for a new generation of Portlanders. The center is evolving to reflect the growing, diverse community, while providing shoppers with expanded retail, dining and entertainment options. www.lloydcenter.com 2 2201 Lloyd Center, Portland, Oregon 97225 TRADE AREA DEMOGRAPHICS TRADE AREA 1 Mile Population 24,553 Average HH Income $80,849 Households 12,595 Median Age 37 TRADE AREA 3 Mile Population 230,228 Average HH Income $86,339 Households 111,160 Median Age 36 TRADE AREA 5 Mile Population 371,379 Average HH Income $85,382 Households 188,243 Median Age 37 3 Oregon’s largest city sits on the Columbia and Willamette Rivers, just a short drive from Mt. Hood and the Oregon Coast. Portland prides itself on a unique culture and way of life which is reflected WHY PORTLAND? in its eclectic retail, dining and experience opportunities. Population of2.4 million No. 16 “America’s Fastest Growing Cities” 25th largest MSA in the - Forbes United States Nationally, Portland has one of Oregon's tourism industry the most educated labor forces increased for the ninth with 50 percent holding a consecutive year college degree - Oregon Tourism Commission - The Seattle Times No. 9 Best Big City in the One of America’s fittiest cities United States with 76 percent of residents - Condé Nast Traveler 2018 enjoying regular exercise - ACSM American Fitness Index 4 LLOYDNEIGHBORHOOD THE Lloyd Demographics: Transit rich neighborhood: • 600+ businesses • 4 MAX lines • 25,000 employees • Portland Streetcar • 3,500 residents • 10 bus routes The city’s 2035 vision for the Lloyd District highlighting their proposed Green Loop project and the potential development buildout based on the taller and denser comprehensive • 2,316 households zoning changes that take effect next year (City of Portland) • 1,150 hotel rooms • Est. 300 events at Rose • 10-19 percent increase in Quarter annually median home price in 2018 • Est. 8M Lloyd Center By 2035 it is expected to add: THE FUTURE • 7,000 households - 9,000 total visitors annually • 9,000 jobs - 34,000 total • 1,500 hotel rooms - 2,600 total of LLOYD 5 ACCESSIBILITY PUBLIC TRANSPORTATION LIGHT RAIL STREETCAR BUS Portland’s Tri County metropolitan TriMet’s MAX (Metropolitan Area For a unique transportation If light rail is not entirely transportation district (TriMet) is a Express) Light Rail connects many experience, the Portland Streetcar convenient, please plan your trip nationally recognized, multi-model prominent public locations runs about every 15 minutes on TriMet. There are 10 bus routes transportation system. Ridership throughout the Portland Metro during the day; less frequently in through the Lloyd Area. area and the Portland International the evening and on Sundays. Airport. The Lloyd Center/NE 11th You can find more information Station is accessible from the Red, regarding the Streetcar on the Green and Blue Lines. streetcar website. 6 Lloyd Center is an enclosed, three-level, 1,280,000-square-foot regional shopping center located near downtown Portland with close proximity to the Oregon Convention Center, Moda Center and Memorial Coliseum. The center was developed in 1960 as the largest shopping center in the country. Lloyd Center features five anchor stores, more than 150 specialty shops, a 900-seat food court, a number of full-service restaurants, and an indoor ice-skating rink. With an impressive lineup of shops and restaurants situated on more than 50 acres, it is still one of the largest shopping centers in Oregon. Lloyd Center is located at the geographical center of the Portland Metro area and its nearly 2.4 million residents. Total SF Retail: 1,252,000 Total SF Office: 107,000 Parking Spaces: 5,500 7 SHOPPING CENTER IN TRANSITION Lloyd Center is the cornerstone of the rapidly emerging Lloyd neighborhood. To reflect the diverse, energetic and evolving spirit of the community, we began our journey to update the iconic Lloyd Center in 2014. The multi-million-dollar renovation project has seen the completion of a new entrance, food court, overhaul of the nation’s first open-air, indoor ice-rink and remodel of Lloyd Center’s signature three-story spiral staircase. With phase one of the renovation complete, we look forward to breaking ground on a new 16-theater cinema complete with full bar and luxury seating, a live music venue and local dining options. We are thrilled to share this news and create an unrivaled experience reflective of our community’s unique culture within Lloyd Center. Please stay tuned for upcoming news and announcements! 8 Regal Entertainment Group will open a 14-screen theatre in Lloyd Center equipped with luxury seating and a full bar to provide Portland moviegoers with an unrivaled cinematic experience. The new theatre brings a welcome entertainment option for the growing Lloyd area, which has seen an influx of foot traffic accompanying new and planned developments, including the addition of approximately 1,300 apartments at the existing Regal theatre site near the mall. Lloyd Center is adding over 130,000 square footage in additional dining and entertainments options. Of that, 50,000 square footage will be food and beverage. Live Nation Concert Venue Opening in 2020 Live Nation’s new concert venue will be located on the top floor of the former Nordstrom building with a box office on the first floor. Live Nation’s plans for the venue will reflect the unique culture and diversity within the community and Portland. Concertgoers can expect state-of-the-art lighting and sound technology, and other accommodations including unmatched VIP amenities, communal bars and lounge areas for pre and post event dining and more. 9 CHANGEDTHE INITIATIVE THAT LLOYD OUR THOUGHTS ON LOCAL WHAT MALLS HAVE BEEN REIMAGINING COMMUNITY TO WHAT THEY CAN BE Lloyd Center launched Lloyd Local to bring a fresh, revolving array of local shops, boutiques and artisans to the mall. The concept brought 100 of Portland's favorite quirky brands, shops and makers together in 25 spaces. & so many more! 10 11 12 PROVIDENCE OPEN TO BELOW OPEN TO BELOW LIVE NATION MACY'S lloyd center: office level lease plan may, 2019 3rd floor plan 13 FOR RETAIL LEASING Cori Jacobs, [email protected] 503.290.0134 FOR OFFICE LEASING Tom Fellman, [email protected] 503.221.4867 www.lloydcenter.com/leasing CAPREF Lloyd II, LLC is ultimately owned by CAPREF Co-Investment, LP which is a joint venture that is managed by CAPREF Manager, LLC (“CAPREF”). CAPREF manages and has direct oversight over a 5.8 million square foot portfolio of multi-tenant retail properties throughout the United States. The information contained herein has been obtained from sources deemed to be reliable, nonetheless, a prospective purchaser or lessee should verify all information to his or her satisfaction..