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1408 W Baltimore Pike Media, PA 1408 W Baltimore Pike Media, PA PROPOSED CLASS A - OFFICE & RETAIL DEVELOPMENT EXECUTIVE SUMMARY 1408 W Baltimore Pike is a fully-approved, Class A office and lifestyle campus spanning a vibrant, walkable live, work and shop community. Located on the site of the former Franklin Mint, the master plan is designed to deliver three (3) stand-alone office buildings that are prominently positioned looking over Route 1 and Route 452 and within close proximity to the new Wawa SEPTA regional rail station (construction completion date scheduled for summer of 2020). The mixed-use development can deliver office space that ranges from 100,000 to 750,000 square feet with complimentary stand-alone retail pad sites for banks, fast casual food/ restaurants or other convenient amenity services. a vibrant, walkable live, work and shop community a mature, densely developed area with one of the nation’s most diverse economic bases LOCATION OVERVIEW The site boasts a strategic Philadelphia Suburban submarket location within Delaware County an outstanding location within the seventh largest metropolitan center in the nation. The Greater Philadelphia region is a mature, densely developed area with one of the nation’s most diverse economic bases, which serves to maintain a healthy demand for commercial space. Delaware County has been a consistent leader in the region in terms of employment, population growth, and ease of transportation, and it offers its residents and workers an extensive and growing array of cultural, educational, historical, recreational and commercial facilities. home to thousands of businesses from large, world-renowned public corporations to small, family-run establishments EMPLOYMENT Delaware County is known for being business-friendly, and its business landscape is quite diverse. It is home to thousands of businesses from large, world-renowned public corporations to small, family-run establishments. In addition, the county has a wealth of public transit facilities; nearly 10% of all employed Delaware County residents commute by public transportation. The County’s largest employer is Crozer Keystone Health Systems, in keeping with the region’s major local industry, healthcare. In Delaware County, 18% of the total workforce is employed by the health care and social assistance sector. The county boasts six hospitals, including Riddle Hospital, ranked in Pennsylvania’s top hospitals by US News. World-class technology companies are located in Delaware County as well. The Boeing Company offers some of the best products to airline, aerospace, and defense industries while SAP is a global leader in software. The county is also home to numerous institutions of higher education, also strong employers and incubators for talent. The county’s colleges and universities roster includes Villanova University, Swarthmore College, Haverford College, Cabrini College, and more. POPULATION Today Delaware County is the fifth most populated county in the state, home to 568,691 people, a 3.2% increase from 2000, and nearly 20,000 businesses. The majority of the Delaware County population consists of college-educated homeowners with families, who enjoy a median household income of $69,415, well above state and national averages. The average age of a Delaware County resident is 40. The County’s population is expected to increase by 1.1% over the next 5 years, as the older wave of city-dwelling millennials start to have families and move to the suburbs. home to 568,691 people, a 3.2% increase from 2000, and nearly 20,000 businesses FRANKLINPhoenixville MINT SITE 1408West Norriton W BALTIMORE PIKE, MEDIA, PA Norristown Abington Huntingdon 202 Valley 422 611 23 276 73 63 29 King of Prussia Mall Lafayette King of Hill Prussia 309 76 1 Conshohocken Elkins Park 76 73 202 476 13 30 23 76 Radnor Township 1 95 30 202 30 100 Ardmore 13 Wynnewood 73 1 611 Newtown Square Havertown 90 3 3 Broomall 95 Pennsauken West Chester 30th Street Station 130 Drexel Hill Philadelphia Camden Upper Cherry Hill Lansdowne Providence 38 Township Westtown Upper Darby Yeadon 1 Springfield 76 Darby Glen Mills 676 Collingswood 70 476 13 202 Gloucester 30 Haddonfield Wallingford City 1408 W Baltimore Pike 95 Philadelphia Int’l Airport Woodlyn 130 1 295 Bellmawr 322 012340.5 95 295 Miles Echelon Chester © 2018 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Sources: CBRE Mapping Services (877) 580-4674; ESRI, StreetPro. Team-GIS\Projects\Philadelphia\2018\1st Qtr\348674_FranklinMintSite Woodbury TRANSPORTATION Delaware County is served by a large roadway network. Major routes include I-95, I-476, Route 1, Route 3, Route 30, Route 202, and Route 252. The Philadelphia International Airport is also partially located within Delaware County, for domestic and international points of entry. The county is also accessible via Amtrak rail lines, connecting Harrisburg and Philadelphia to points along the Eastern Seaboard. SEPTA operates multiple regional rail and bus routes with a central hub at 69th Street. Residents and consumers in Delaware County are well-positioned for ease of transportation. FRANKLINPhoenixville MINT SITE 1408West Norriton W BALTIMORE PIKE, MEDIA, PA Norristown Abington Huntingdon 202 Valley 422 611 23 276 73 63 29 King of Prussia Mall Lafayette King of Hill Prussia 309 76 1 Conshohocken Elkins Park 76 73 202 476 13 30 23 76 Radnor Township 1 95 30 202 30 100 Ardmore 13 Wynnewood 73 1 611 Newtown DRIVE TIMES Square Havertown 90 3 Philadelphia 30th Street Station 30-50 min 3 Broomall 95 Pennsauken West Chester 30th Street Station Philadelphia International Airport 20-28 min 130 Drexel Hill Philadelphia Camden Conshohocken 22-35 min Upper Cherry Hill Lansdowne Providence 38 King of Prussia Mall 28-45 min Township Westtown Upper Darby Yeadon 1 Springfield 76 Darby Glen Mills 676 Collingswood 70 476 13 202 Gloucester 30 Haddonfield Wallingford City 95 Philadelphia Int’l Airport Woodlyn 130 1 295 Bellmawr 322 012340.5 95 295 Miles Echelon Chester © 2018 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Sources: CBRE Mapping Services (877) 580-4674; ESRI, StreetPro. Team-GIS\Projects\Philadelphia\2018\1st Qtr\348674_FranklinMintSite Woodbury Philadelphia 30th Street Station Delaware County is ripe with retail and commercial opportunities, and residents with a healthy income to benefit QUALITY OF LIFE Delaware County offers residents a quality of life that includes access to good housing, an efficient transportation network, excellent schools and revered higher education institutions, state and local parks, abundant retail amenities and proximity to some of the best medical care systems in the country, all of which is coupled with the renowned history and culture of the Greater Philadelphia region. A number of Delaware County public schools are consistently named among the best in the state. The retail hub for the region is the Springfield Mall, and numerous other retail and cultural attractions congregate along Route 30, the “Main Line”. Delaware County is also experiencing an uptick in new development. The former site of the Granite Run Mall on Baltimore Pike, less than two miles from the target property, will be developed into a mixed-use retail and multifamily concept. Delaware County is ripe with retail and commercial opportunities, and residents with a healthy income to benefit. MEDIA, PA 1408 W Baltimore Pike is centralized within Delaware County in the town of Media, the county seat. Over 5,400 residents and nearly 1,000 businesses call Media home today, and new development and investment in the town enabled Media to enjoy a strong population growth of 2.2% since 2010. Further growth is projected to continue as more people are drawn to its historicity and charming small-town appeal, emphasis on an engaged community, new housing stock (multiple new Class A multifamily properties are proposed and currently under construction) and convenient location. It is connected to other major cities in the region though access to major arteries of US Route 1 and I-476, and is also, importantly, served by SEPTA rail and bus lines. Media residents are well-educated and well- capitalized. 64% of Media residents have a higher education degree, and the median household income is $65,182. Major employers in the Media area include Crozer-Keystone Health System, Delaware County Community College, Rose Tree Media School District and SAP America, as well as local government. Media’s office market fundamentals are among the strongest in Suburban Philadelphia. Its competitive advantage is especially revealed when compared to similar markets in the suburbs: Media’s remarkable combination of robust occupancy and affordability renders it the optimal choice for office occupiers with space requirements in the region.
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