<<

SouthPark Mall

SouthPark Mall Strongsville, () One of the most successful centers in the Cleveland area

Home to ’s largest collection of retailers CLEVELAND, OH WESTLAKE, OH Epitome of one-stop shopping STRONGSVILLE, OH

15 miles south of downtown OBERLIN, OH Cleveland

AKRON, OH

10 MILES

SouthPark Mall Strongsville, (Cleveland) Ohio Super-regional center with a seven county draw

Regional access offI-71 and I-80

Northeast Ohio’s largest retail destination

Exceptional mix of shopping, dining and entertainment

Property Description

major roads I-71 & Highway 82 center description Enclosed, two-level center anchors Macy’s, JCPenney, Dillard’s, Kohl’s, total sf 1,650,000 Dick’s Sporting Goods, and Cinemark Theater # of stores 175 key tenants Francesca’s Collection, Chico’s, Loft, Soma, H&M, Dry Goods (opening soon), J.Jill, PINK, Sephora, Pandora, Vans, Hollister, # of parking 7,800 Michaels, DSW, Brown-Aveda Institute, and The Rail

THE CENTER THE MARKET STARWOOD SouthPark Mall “Blends a bustling business community with small-town charm.”

— City of Strongsville

THE CENTER THE MARKET STARWOOD SouthPark Mall Six anchor center combines fashion and everyday staples

Well-established mall for solid core of homeowners

Home to new, in-demand specialty shops

Defining Super-Regional Retail 170+ stores, restaurants and The Commons, and surrounding entertainment venues parcels, provide category-dominant retail, services and restaurants Highly visible location with 90,000+ vehicles daily on I-71

THE CENTER THE MARKET STARWOOD SouthPark Mall THE CENTER THE MARKET STARWOOD SouthPark Mall Within three miles:

Average household income of $104,600

40% of households earn $100,000+

54,700 residents and 25,800 daytime employees

Where Cleveland Rocks and Rolls World’s leading medical centers, 700+ 28 higher-learning institutions with biotech/biomedical companies 210,000+ students Increase of 700,000 visitors each year, Growing conference location with 70% with more than 19M visitors in 2018 increase in booked room nights

THE CENTER THE MARKET STARWOOD SouthPark Mall CLEVELAND

LAKEWOOD

Crocker Park Westgate Distance to Competition I-71 NORTH Beachwood Place OLMSTED Driving – 32 mi, 37 min Great Northern Mall CLEVELAND PARMA HOPKINS INT’L AIRPORT Driving – 21 mi, 29 min I-80 MIDDLEBURG Great Northern Mall HEIGHTS Driving – 15 mi, 21 min Royalton Road/Route 82 31,800 AADT SouthPark Mall Driving – 23 mi, 30 min 82 NORTH The Shoppes at Parma STRONGSVILLE ROYALTON Driving – 10 mi, 20 min

Howe Road Westgate 16,000 AADT Driving – 14 mi, 22 min

I-71 90,100 AADT I-271

42 Legend 24,200 AADT Summit Mall Primary Trade Area

Secondary Trade Area

Competition

Access Roads

(AADT= annual average daily traffic) 3 MILES

THE CENTER THE MARKET STARWOOD SouthPark Mall I-71

Area Attractions NASA GM Metal Fabrication Rock and Roll Hall of Fame CLEVELAND HOPKINS PARMA & Museum INT’L AIRPORT Aquarium 42 JACK Casino Cleveland Baldwin Wallace University Cuyahoga Community College Southwest General Strongsville Business & Health Center MIDDLEBURG I-80 Technology Park (largest HEIGHTS I-77 industrial park in NE Ohio)

Colleges Baldwin Wallace University – Strongsville Surgery Center Cuyahoga Community 82 STRONGSVILLE NORTH College ROYALTON Combined Enrollment: 31,300

SouthPark Mall

Legend

42 Primary Trade Area I-71 Secondary Trade Area

Colleges

3 MILES Key Employers

THE CENTER THE MARKET STARWOOD SouthPark Mall Demographics PTA1 STA2 TTA3 US Avg Population 2019 estimate 249,835 171,594 421,429 43% of PTA households 2024 projection 254,258 173,687 427,945 projected to earn $100,000+ % growth 2018–2023 1.8% 1.2% 1.5% 3.6% by 2024 Population White 93% 92% 92% 70% By Race Black 3% 3% 3% 13% Affordable cost of living Asian 3% 3% 3% 6% with 80% home ownership Hispanic Ethnicity 3% 4% 3% 18% 1 in 3 households have Median Age 43 44 44 39 children under 18 % age 15-24 13% 12% 13% 14% % age 25 to 44 23% 23% 23% 26% Consumer expenditures % age 45 to 64 30% 28% 29% 26% trend 10% to 20% above Households 2019 estimate 96,741 70,907 167,648 national average 2024 projection 99,059 71,994 171,053 2019 households with kids under 18 33% 29% 31% 34% Average 2019 estimate $102,888 $87,407 $96,340 89,646 Household % earning $100,000+ 39% 30% 35% 30% Income 2024 projection $112,837 $95,362 $105,482 $98,974 Education % college educated 65% 63% 64% 60%

1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 751 2,249 5,565 16,992 Employment daytime employment 8,277 25,778 66,108 212,850

1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area

THE CENTER THE MARKET STARWOOD SouthPark 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 Chicago Ridge Mall Louis Joliet Mall Ohio The Promenade Bolingbrook Indiana Great Northern Mall Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Connecticut Hamburg Pavilion Blue Back Square 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 SouthPark Mall