North Riverside Park Mall is not Million · retail spending Latinos spend 14% more on shopping...

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Transcript of North Riverside Park Mall is not Million · retail spending Latinos spend 14% more on shopping...

Page 1: North Riverside Park Mall is not Million · retail spending Latinos spend 14% more on shopping trips Hispanics will account for more than half of all population growth by 2020 trade
Page 2: North Riverside Park Mall is not Million · retail spending Latinos spend 14% more on shopping trips Hispanics will account for more than half of all population growth by 2020 trade

North Riverside Park Mall is not

your average super regional mall.

It is a thriving one-of-a-kind property

uniquely suited to serve a diverse

and growing market.

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annual visitors

12Million

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THIS IS NORTH RIVERSIDE PARK MALL North Riverside Park Mall is a two-level, enclosed 1.1 million SF

super regional shopping center less than 4 miles from

Chicago that attracts 12 million visitors annually.

AN EXTREMELY DENSE TRADE AREA

- Primary trade area population surpasses the U.S.

benchmark by 64%

- 41.7% of households have children

DIVERSE SHOPPER DEMOGRAPHICS

- 44.4% Hispanic or Latino

- 26.9% African American/Black

- 23.9% Caucasian/White

Strong Sales $500+ per square foot

High Occupancy 98% leased

Property Footprint 1,111,322 square feet

Page 4: North Riverside Park Mall is not Million · retail spending Latinos spend 14% more on shopping trips Hispanics will account for more than half of all population growth by 2020 trade

2,647,475

$76,585

10 Mile3 Mile

236,753

$73,485

652,211

$72,766

5 Mile

Trade Area Population

Average HH Income

THE TRADE AREANorth Riverside Park Mall is perfectly suited to the trade

area’s unique demographics.

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CHICAGO

CICERO

BERWYN

OAK PARK

Little Village

MacNeal Hospital

LoyolaUniversityMedicalCenter

West Cermak Road

Har

lem

Ave

nue

Harlem Irving Plaza

Fashion Outletsof Chicago

Oakbrook Center

Brookfield Zoo

population growth in Berwyn from 2000 – 20145%

Traffic Counts:WEST CERMAK ROAD: 31,500 CPD

HARLEM AVENUE: 33,400 CPD

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THE GEN Z-ERTRENDY, CONNECTED, SPORTY

Status: Single

Age: 17

Residence: Her parents’ house in Cicero

Occupation: High school student

Favorite Brands: Nike, PINK, Hot Topic

Indulgence: The new Jordan drop from House of Hoops

Into: Snapchat

THE MILLENNIALSTYLISH, ACTIVE, SOCIAL

Status: Engaged

Age: 30

Residence: Shares an apartment with her fiancé in Cicero

Occupation: Paralegal

Favorite Brands: Forever 21, Express, Victoria’s Secret

Indulgence: Concert tickets

Into: The athleisure trend

THE YOUNG FAMILYECONOMICAL, PRACTICAL, FUN-LOVING

Status: Married with small children

Age: 34

Residence: House in Cicero

Occupation: Executive assistant, Bank teller, Pharmacy tech

Favorite Brands: Carson’s, H&M, Bath & Body Works

Indulgence: Date night without the kids

Into: Trying new local resturants

THE WORKING MOM BUSY, MOTIVATED, ON A BUDGET

Status: Single with children

Age: 32

Residence: Apartment in Berwyn

Occupation: Nurse, Teacher

Favorite Brands: Old Navy, The Children’s Place, Payless ShoeSource

Indulgence: Girls’ Night Out

Into: North Riverside Park Mall Kids Club events

L A FAMILIAFAMILY-FOCUSED, BRAND-CONSCIOUS, VALUE-DRIVEN

Status: Married with children

Age: 36

Residence: House in Berwyn

Occupation: Uber driver, Mechanic, Police officer

Favorite Brands: Foot Locker, JCPenney, Aeropostale

Indulgence: Spending the day shopping and dining as a family at North Riverside Park Mall

Into: Hosting Sunday family dinners

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THE SHOPPERThese are the people who love to visit

North Riverside Park Mall

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SERVING THE HISPANIC MARKETThe primary trade area is largely Hispanic, giving

North Riverside Park Mall a unique opportunity to cater

to this audience.

STRATEGIC TENANT MIX

Hispanics spend more on food with a higher average monthly

food budget than any other segment.

El Milagro Authentic Mexican cuisine

La Michoacana Mexican real-fruit ice cream

BILINGUAL COMMUNICATION

All signage throughout the property, as well as the mall

website, has dual messaging in both English and Spanish.

$1.5 trillion spending power represented by Hispanics

By 2023, the Hispanic market will account for 20% of total retail spending

Latinos spend 14% more on shopping trips

Hispanics will account for more than half of all population growth by 2020

trade area population that is Hispanic or Latino, while the regional average is only 7.3%

of the Hispanic marketis Millennial or younger

44%

60%

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Page 7: North Riverside Park Mall is not Million · retail spending Latinos spend 14% more on shopping trips Hispanics will account for more than half of all population growth by 2020 trade

PREMIUM RETAIL CONCEPTSSporting goods are big business in the Chicago area, thanks

to a passionate basketball fan base and the popularity of

Chicago Bulls legend Michael Jordan.

North Riverside Park Mall is one of the only Chicago

destinations that offers sporting good concepts that stock

exclusive and limited-edition Nike Jordan products.

These stores cater to the “sneakerhead” culture, in which it’s

common to plan for months in advance and even camp out

overnight to get their hands on Nike’s latest release, which is

typically manufactured in very limited quantities.

House of Hoops by Foot Locker

Nike Yardline at Champs Sports

Flight 23 at Footaction

Kids Foot Locker Fly Zone

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ANCHORS

Carson’s

JCPenney

Sears

JUNIOR ANCHORS

H&M

Forever 21

Old Navy

KEY TENANTS

PINK

Express

Windsor

Starbucks

White Barn Candle Co.

Bath & Body Works

Foot Locker

ENTERTAINMENT

Classic Cinemas

Round One (Coming 2018)

A strong mix of trend-driven retailers appeal to the property’s young shopper.

$82.55average

expenditure per visit

of all mall expenditures are made by shoppers 12 – 34 years of age.

55%

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A ROBUST KIDS CLUB North Riverside Park Mall is known for its extremely

popular Kids Club program, which boasts an enrollment

of 3,500 children.

Four highly-anticipated sponsored events throughout the year

draw an average attendance of 650 – 900 per event, complete

with live entertainment, free giveaways, costume characters

and prize drawings.

Additionally, a new, state-of-the-art safari-themed play area is

a big draw for local families.

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Page 10: North Riverside Park Mall is not Million · retail spending Latinos spend 14% more on shopping trips Hispanics will account for more than half of all population growth by 2020 trade

The Feil Organization is a private, established commercial real

estate firm headquartered in New York City. A powerful force in

real estate for over 60 years, the company owns and operates a

nationwide portfolio of over 26 million square feet of retail and

commercial space, and over 5,000 residential rental units. The

Feil Organization also maintains regional offices in Chicago,

New Orleans, St. Petersburg and Long Island.

LEASINGROB EBEL

708.442.7605

[email protected]

HARVEY AHITOW

708.442.7605

[email protected]

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7501 West Cermak RoadNorth Riverside, IL 60546

NorthRiversideParkMall.com 708.442.1111

/NRPMall