Louis Joliet Mall Joliet (Chicago), Illinois Louis Joliet Mall may be the best-connected
center in the United States, both physically and DOWNERS GROVE, IL AURORA, IL virtually. Located close to one of the country’s NAPERVILLE, IL national transportation hubs, it benefits from ORLAND PARK, IL and expands on Joliet’s explosive growth. JOLIET, IL But the center also interacts with its shoppers in an innovative way, as home to the first “digital tree” 10 MILES in the country. Located in the Center Court, the tree’s multiple screens share information about the center’s retailers, events, and community happenings -- becoming a hub in a new and innovative way.
Louis Joliet Mall Joliet (Chicago), Illinois • Enclosed single-level regional mall
• 40 miles southwest of Chicago, with easy access via METRA Rail and freeways
• Draws from three-county region
• Only enclosed center in 14-mile radius
Property Description
major roads I-55 and Highway 30 center description Enclosed, one-level center anchors Macy’s, JCPenney, Sears, Carson’s, and a Cinemark total sf 980,000 14-screen theater # of stores 95 key tenants H&M, Victoria’s Secret, PINK, Buckle, Pandora, Francesca’s, Charlotte Russe, American Eagle # of parking 4,600 Outfitters, Bath & Body Works / White Barn Candle, Panera, and Fridays
THE CENTER THE MARKET STARWOOD Louis Joliet Mall “A nationally recognized school system, exceptional health care facilities, high quality and affordable housing, and a rich cultural and artistic community”
— Joliet Chamber of Commerce
THE CENTER THE MARKET STARWOOD Louis Joliet Mall • Strong specialty store mix including the most in-demand tenants
• Children’s play space draws families
• Unique “digital” ficus tree brings cyberspace to our space
• Multiple dining options at 400-plus seat food court featuring cuisine from around the globe
A Community Core For All Located at high-trafficked corridor Center-court interactive “DigiTree,” a of Interstate 55 (75,200 vehicles daily), ficus tree adorned with more than 100 and Route 30 (34,400 cars daily) LCD panels and LED pendants, displays community news, and mall events, Newly-opened retailers include creating a new focal point for the center. Francesca’s, Clark Street Sports, Gloria Jean’s Coffees and Express Factory In regional retail hub which includes big box stores and open-air centers
THE CENTER THE MARKET STARWOOD Louis Joliet Mall “For a great time, rain or shine, stop by Louis Joliet Mall to grab a bite, catch a movie, and treat yourself to a first-class shopping
experience.” —
City of Joliet • Third largest city in Illinois
• Major Midwest transportation hub
• Joliet ranked #3 in total retail sales of Chicagoland suburbs in 2015 (2016 Melaniphy Chicagoland Retail Sales Report)
• Strong education and growing tourism market
Shipping Giant Seat of Will County, among the Employment dominated by fastest-growing in the US medical facilities, transportation, logistics, and hospitality Largest inland container port in North America Tourism center including The Chicagoland Speedway, minor Des Plaines River Valley Enterprise league baseball, and casinos zone offers abatements and incentives to business Home to multiple colleges and universities
THE CENTER THE MARKET STARWOOD Louis Joliet Mall • Population in Primary Trade Area rose Primary Trade Area 56% since 2000 Average Household Expenditures $2,891 on food away from • Nearly 1 in 2 households have children home, 15% above US $708 on home furnishings, under 18 13% above US $1,027 on sports and • 1 in 3 households earn $100,000+ recreation, 18% above US $1,134 on personal care products and services, • Spending well above US average 16% above US $2,339 on apparel, 19% above US
THE CENTER THE MARKET STARWOOD Louis Joliet Mall Yorktown Shopping Center
DOWNERS Chicago Premium Outlets GROVE AURORA CHICAGO MUNICIPAL MIDWAY Distance to Competition AIRPORT AIRPORT AURORA Chicago Premium Outlets Fox Valley Mall NAPERVILLE I-55 Driving – 19 mi, 39 min I-355 30 Fox Valley Mall Promenade Bolingbrook OAK LAWN 34,400 AADT Driving – 14 mi, 28 min BOLINGBROOK Orland Square Driving – 19 mi, 38 min Promenade Bolingbrook ROMEOVILLE ORLAND PARK Driving – 15 mi, 17 min PLAINFIELD Orland Square Yorktown Shopping Center Louis Joliet Mall Driving – 24 mi, 35 min TINLEY PARK I-80 Caton Farm Road JOLIET 16,300 AADT NEW LENOX
North Essington Road 22,800 AADT
I-57 Legend Primary Trade Area I-80 I-55 Secondary Trade Area 75,200 AADT Competition
Access Roads
(AADT= annual average daily traffic) 3 MILES
THE CENTER THE MARKET STARWOOD Louis Joliet Mall BOLINGBROOK
ULTA Beauty (HQ) Area Attractions
I-55 The Chicagoland Speedway Rasmussen College Silver Cross Field (minor ROMEOVILLE league baseball) Harrah’s and Hollywood Casinos PLAINFIELD Rialto Square Theater (named to National Register of Historic Places) Lewis University 30 Colleges Joliet Junior College
Louis Joliet Mall I-355 University of St. Francis Lewis University Rasmussen College
I-55 Combined enrollment: 25,100 Silver Cross Hospital University of St. Francis Will County Government Presence Medical Center Harrah’s Hotel & Casino Legend JOLIET Primary Trade Area I-80 NEW LENOX ROCKDALE Secondary Trade Area Joliet Junior College Colleges
3 MILES Caterpillar Inc Key Employers Hollywood Casino
THE CENTER THE MARKET STARWOOD Louis Joliet Mall Demographics PTA1 STA2 TTA3 US Avg Population 2017 estimate 148,122 295,299 443,421 Growing Market, Rising Sales 2022 projection 150,986 298,677 449,663 Community of empty nesters and new families % growth 2017–2022 1.9% 1.1% 1.4% 3.8% Nearly 200,000 people live within Population White 73% 79% 77% 70% five miles, 60% growth since 2000 By Race Black 12% 10% 10% 13% Large concentration of upper-income Asian 4% 2% 3% 6% families Hispanic Ethnicity 23% 19% 20% 18% Will County recorded the largest growth in retail sales among all Median Age 36 37 37 38 Chicago metro counties, a 20% % age 15-24 15% 14% 15% 14% increase between 2007–2014 (Illinois Department of Revenue) % age 25 to 44 27% 26% 26% 26% Joliet suburban communities % age 45 to 64 25% 26% 26% 26% continued to rank #1 in the metro area Households 2017 estimate 49,314 100,026 149,340 for total General Merchandise sales (ahead of #2 Schaumburg in 2014) 2022 projection 49,925 101,025 150,950 (Illinois Department of Revenue) 2017 households with kids under 18 45% 41% 42% 34% From 2010 to 2013, Joliet was the Average 2017 estimate $90,923 $85,675 $87,408 $80,853 fastest-growing city in the Midwest Household and the 12th-fastest-growing city in the % earning $100,000+ 34% 31% 32% 26% Income United States among cities with more 2022 projection $97,903 $91,968 $93,931 $87,464 than 100,000 people (City of Joliet) Education % college educated 62% 56% 58% 59%
1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 352 2,453 6,599 15,175 Employment daytime employment 5,434 27,879 73,331 192,094
1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area
THE CENTER THE MARKET STARWOOD Louis Joliet Mall Predominant Market Lifestyle Segments
Accumulated Wealth—28% Young Accumulators—17% • Families & couples age 50+ • Married with large families • Upscale, college-educated • Age 35 to 50 baby boomers • Mix of upscale professional • Sprawling suburban homes and managerial jobs • Disposable cash and • Fashioned comfortable, sophisticated tastes upper-middle class lifestyles • Enjoy top-of-the-line • Favor outdoor activities, electronics, sporting team sports and kid-friendly equipment, cars and technology vacations
Conservative Classics—11% Cautious Traditionalists—11% • Upper-middle-class age 55+ • Over 55 year-old mix of • Childless singles and couples singles and couples • College-educated • High rate of home ownership • Enjoy comforts of home, • Fans of reading, home-based gardening, reading, and hobbies and travel entertaining • Enjoy eating out at family • Frequent patrons to restaurants museums, the theater, and • Pursue entertainment outside casual-dining restaurants the home
THE CENTER THE MARKET STARWOOD Louis Joliet Mall Starwood Retail Partners: A New Kind Of Owner For A New Generation Of Retail
Starwood Retail Partners is not your father’s — or your grandfather’s — landlord. We’re acquiring, redeveloping, managing, leasing and operating the next generation of shopping centers for a new generation of shoppers: active, exciting community cores for an increasingly interconnected consumer.
Owned by Starwood Capital Group, we’ve grown our portfolio to 30 centers in 16 states across the United States since our founding in 2012, working with top-tier investment firms to help finance our properties, and employing the talents and skills of the most creative professionals in the business to maximize their value.
We build solid relationships and partner with our retailers to ensure that they are in the right property at the right time, with the right deal to support their success now and in the future. We invest in innovative technologies that help our properties become more productive, our stores more exciting and our shoppers more engaged.
We understand that ultimately, as an owner, as an employer and as a citizen of our communities, it’s not about property, it’s about people.
California Illinois North Carolina Metreon The Arboretum of South Barrington Northlake Mall Northridge Mall Chicago Ridge Mall Parkway Plaza Louis Joliet Mall Ohio Belden Village Mall Plaza West Covina The Promenade Bolingbrook / Director, Leasing / 818.254.6276 / Solano Town Center Franklin Park Mall Kathy Tobin Indiana Great Northern Mall [email protected] Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Bill Cikalo / Director, Big Box Leasing & Development / 312.283.5121 / Connecticut Hamburg Pavilion The Shops at Willow Bend [email protected] Blue Back Square Michigan Virginia Florida Fairlane Town Center MacArthur Center Jake Miller / Senior Associate, National Restaurant and Entertainment The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park Leasing – Central / 614.256.7385 / [email protected] Westland Mall Montana Washington Georgia Rimrock Mall Capital Mall Bryant Siragusa / Vice President, National Restaurant and Entertainment The Collection at Forsyth Kitsap Mall Leasing / 214.771.2003 / [email protected] Nebraska Gateway Mall Naumann Idrees / Vice President, Leasing – West / 312.265.7046 / [email protected]
Sources: The Nielsen Company; State Department of Transportation; State and Local Economic Development Resources 02/12/18 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com
THE CENTER THE MARKET STARWOOD Louis Joliet Mall