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ESSEX GREEN TOWN CENTER 495 PROSPECT AVENUE WEST ORANGE, NEW JERSEY For discussion purposes only, subject to change and municipal approval

ESSEX GREEN TOWN CENTER...- Shadow anchored by LA Fitness - Located adjacent to Courtyard by Marriott and Cambria Suites (under-construction) South Orange Arena Residence Thomas Edison

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Page 1: ESSEX GREEN TOWN CENTER...- Shadow anchored by LA Fitness - Located adjacent to Courtyard by Marriott and Cambria Suites (under-construction) South Orange Arena Residence Thomas Edison

E S S E X G R E E N T O W N C E N T E R4 9 5 P R O S P E C T AV E N U E

W E S T O R A N G E , N E W J E R S E Y

For discussion purposes only, subject to change and municipal approval

Page 2: ESSEX GREEN TOWN CENTER...- Shadow anchored by LA Fitness - Located adjacent to Courtyard by Marriott and Cambria Suites (under-construction) South Orange Arena Residence Thomas Edison

Clifton

East Orange

Irvington

Madison

Florham Park

ChathamMaplewoodMillburn

South Orange

Bloomfield

West Orange

Montclair

Livingston

Verona

Cedar Grove

West Caldwell

RoselandEssex Fells

Caldwell

North Caldwell

Belleville LyndhurstNorth Arlington

NutleyRutherford

Wallington

Hasbrouc

East Ruth

East Newark Kearny

Harrison

ParsippanyParsippanyParsippanyParsippanyParsippanyParsippanyParsippanyParsippanyParsippany

Pine BrookPine BrookPine BrookPine BrookPine BrookPine BrookPine BrookPine BrookPine Brook

WhippanyWhippanyWhippanyWhippanyWhippanyWhippanyWhippanyWhippanyWhippany

VauxhallVauxhallVauxhallVauxhallVauxhallVauxhallVauxhallVauxhallVauxhall

Wood RidgeWood RidgeWood RidgeWood RidgeWood RidgeWood RidgeWood RidgeWood RidgeWood Ridge

Dickinson UniversityDickinson UniversityDickinson UniversityDickinson UniversityDickinson UniversityDickinson UniversityDickinson UniversityDickinson UniversityDickinson University

Caldwell CollegeCaldwell CollegeCaldwell CollegeCaldwell CollegeCaldwell CollegeCaldwell CollegeCaldwell CollegeCaldwell CollegeCaldwell College

Morristown MuniMorristown MuniMorristown MuniMorristown MuniMorristown MuniMorristown MuniMorristown MuniMorristown MuniMorristown Muni Bloomfield CollegeBloomfield CollegeBloomfield CollegeBloomfield CollegeBloomfield CollegeBloomfield CollegeBloomfield CollegeBloomfield CollegeBloomfield College

e Of St Elizabethe Of St Elizabethe Of St Elizabethe Of St Elizabethe Of St Elizabethe Of St Elizabethe Of St Elizabethe Of St Elizabethe Of St Elizabeth

Rutgers UniversityRutgers UniversityRutgers UniversityRutgers UniversityRutgers UniversityRutgers UniversityRutgers UniversityRutgers UniversityRutgers UniversitySeton Hall UniversitySeton Hall UniversitySeton Hall UniversitySeton Hall UniversitySeton Hall UniversitySeton Hall UniversitySeton Hall UniversitySeton Hall UniversitySeton Hall University

Upsala CollegeUpsala CollegeUpsala CollegeUpsala CollegeUpsala CollegeUpsala CollegeUpsala CollegeUpsala CollegeUpsala College

Essex CountyEssex CountyEssex CountyEssex CountyEssex CountyEssex CountyEssex CountyEssex CountyEssex County

Saint PSaint PSaint PSaint PSaint PSaint PSaint PSaint PSaint P

Felician CollegeFelician CollegeFelician CollegeFelician CollegeFelician CollegeFelician CollegeFelician CollegeFelician CollegeFelician College

Montclair State CollegeMontclair State CollegeMontclair State CollegeMontclair State CollegeMontclair State CollegeMontclair State CollegeMontclair State CollegeMontclair State CollegeMontclair State College

5.00 Miles5.00 Miles5.00 Miles5.00 Miles5.00 Miles5.00 Miles5.00 Miles5.00 Miles5.00 Miles

3.00 Miles3.00 Miles3.00 Miles3.00 Miles3.00 Miles3.00 Miles3.00 Miles3.00 Miles3.00 Miles

1.00 Mile1.00 Mile1.00 Mile1.00 Mile1.00 Mile1.00 Mile1.00 Mile1.00 Mile1.00 Mile

DRIVE TIMEMontclair

10 Minutes

East Hanover20 Minutes

Wayne25 Minutes

Clifton30 Minutes

Clifton

MontclairEast

Hanover

Short Hi l ls20 Minutes

ShortHills

2

West Orange

Page 3: ESSEX GREEN TOWN CENTER...- Shadow anchored by LA Fitness - Located adjacent to Courtyard by Marriott and Cambria Suites (under-construction) South Orange Arena Residence Thomas Edison

MARKET OVERVIEW

exceptional market

5MILE RADIUS

15MINUTE DRIVE

Population521,856

Households198,056

Average HHI$102,513

Bachelor ’s Degree or Higher37.4%

Employee Population181,454

Population1,081,098

Households401,444

Average HHI$96,040

Bachelor ’s Degree or Higher34%

Employee Population584,787

3

Page 4: ESSEX GREEN TOWN CENTER...- Shadow anchored by LA Fitness - Located adjacent to Courtyard by Marriott and Cambria Suites (under-construction) South Orange Arena Residence Thomas Edison

QUICK FACTS

- Average household income and per capita income within a 1 mile radius of the property are $164,035 and $67,642, respectively

- 34 acres of retai l cr it ical mass adjacent to I -280

- High volume anchors include ShopRite, Total Wine, and AMC Dine-In

- Shadow anchored by LA Fitness

- Located adjacent to Courtyard by Marriott and Cambria Suites (under-construction)

South Orange Arena

Residence

Thomas Edison National Historical Park

Turtle Back Zoo

4

Page 5: ESSEX GREEN TOWN CENTER...- Shadow anchored by LA Fitness - Located adjacent to Courtyard by Marriott and Cambria Suites (under-construction) South Orange Arena Residence Thomas Edison

MONTCLAIREagle RockReservation

Kessler Institute for Rehabilitation

LIVINGSTON

Codey Arena at South Mountain

EAST ORANGE

GLEN RIDGE

West OrangeHigh School

Daughters of Israel Nursing Facility

Thomas Edison Historical Park

Turtle BackZoo

Essex CountyCountry Club

CrestmontCountry Club

Essex FellsCountry Club

1 mile2 mile

56 at RoselandOffice Complex

ROSELANDMack-CaliCorporate Center

EXIT 42

WEST ORANGE PLAZA

N

PRO

SPEC

T A

VEN

UE

MT. PLEASANT AVENUE

MT. PLEASANT AVENUE

PROSPECT A

VENUE

5

ESSEX GREEN TOWN CENTER

Page 6: ESSEX GREEN TOWN CENTER...- Shadow anchored by LA Fitness - Located adjacent to Courtyard by Marriott and Cambria Suites (under-construction) South Orange Arena Residence Thomas Edison

102,

923

AA

DT

16,239 AADT

PROSPECT AVENUE

4.9 ACRES

+/- 255’

+/-300’

+/- 1440’

+/- 1005’

N

PROSPECT AVENUE

ROO

NEY

CIR

CLEROONEY CIRCLE

MARION DRIVE

Executive Hill Office Center

New Jersey Cardiology Associates

MT. PLEASANT AVE.

EXECUTIVE DRIVE

Villas At Eagle Ridge

GU

ERIN

O D

RIV

E

Exit 8A

Exit 8A

Exit 8B

Cambria Hotel

6

OBLIQUE AERIAL

Page 7: ESSEX GREEN TOWN CENTER...- Shadow anchored by LA Fitness - Located adjacent to Courtyard by Marriott and Cambria Suites (under-construction) South Orange Arena Residence Thomas Edison

7

LEASING PLAN - UPPER LEVEL

Page 8: ESSEX GREEN TOWN CENTER...- Shadow anchored by LA Fitness - Located adjacent to Courtyard by Marriott and Cambria Suites (under-construction) South Orange Arena Residence Thomas Edison

8

LEASING PLAN - LOWER LEVEL

Page 9: ESSEX GREEN TOWN CENTER...- Shadow anchored by LA Fitness - Located adjacent to Courtyard by Marriott and Cambria Suites (under-construction) South Orange Arena Residence Thomas Edison

9

PROPOSED SIGNAGE PLAN

Page 10: ESSEX GREEN TOWN CENTER...- Shadow anchored by LA Fitness - Located adjacent to Courtyard by Marriott and Cambria Suites (under-construction) South Orange Arena Residence Thomas Edison

RENDERINGS - VIEWS

SBLM Architects Clarion Partners

545 West 45th Street 230 Park Avenue Essex Green Shopping CenterNew York, New York 10036 New York, New York 10169 Retail RevitalizationTelephone 212 995 5600

May 17, 2018Fax 212 675 4228www.sblm.com

PROPOSED LEASING PLAN - UPPER LEVEL 1/64" = 1'-0"1

SBLM Architects545 WEST 45TH STREET, 4TH FLOORNEW YORK, NY 10036T: (212) 995-5600 F: (212) 675-4226www.sblm.com

Seal

NORTH ARROW

Owner

Architect

Structural

MEP

Revisions

Key Plan

Project Information

Job Number

Drawing Title

ScaleDrawing Date

Drawing No.

Sheet Of

CLARION PARTNERS230 PARK AVENUE,NEW YORK, NY 10169

PLEA

SANT

VAL

LEY

WAY

I-280

ESSEX GREEN SHOPPING CENTER

495 PROSPECT AVENUE,WEST ORANGE, NJ 07052

018008.00

AS NOTED

02 / 05 / 18

MT. PLEASANT AVENUE

PRO

SPEC

T A

VENU

E

MAR

ION

DR

ESSEX FREEWA

Y

- -

AREA CALCULATIONS, IN SQUARE FEET

BUILDING A 46,643 RETAIL 1 34,643 RETAIL 2 6,000 RETAIL 3 6,000

BUILDING B, UPPER 111,762 RETAIL 4 6,000 RETAIL 5 7,500 RETAIL 6 2,650 RETAIL 7-12 19,675 RETAIL 13-15 10,300 RETAIL 16 2,200 RETAIL 17 24,741 18 - MACY'S 36,486

BUILDING B, LOWER 22,262 RETAIL 26 13,276 RETAIL 27 2,781 RETAIL 28 1,341 RETAIL 29 2,013 RETAIL 30 1,446 RETAIL 31 1,405

BUILDING C, UPPER 19 - AMC THEATERS 46,480

BUILDING C, LOWER 59,561 RETAIL 21 7,509 22 - TOTAL WINE 22,125 RETAIL 23 1,267 RETAIL 24 4,203 RETAIL 25 1,211 RETAIL 40 7,259 RETAIL 41 7,996 RETAIL 42 7,991

BUILDING D SHOPRITE 67,000

BUILDING E 33 - TGI FRIDAYS 6,830

BUILDING F, 1ST FLOOR 5,232 34 - ATLANTIC CREDIT 2,500BUILDING F, 2ND FLOOR RETAIL 34b 2,732

BUILDING G 15,000 RETAIL 35 4,500 RETAIL 36 3,500 RETAIL 37 3,500 RETAIL 38 3,500 BUILDING H RETAIL 43 2,200

1. LEASING PLAN FOR REVIEW 03/30/182. LEASING PLAN FOR REVIEW 04/04/183. LEASING PLAN FOR REVIEW 04/11/184. LEASING PLAN FOR REVIEW 04/13/18

Site Plan with Keyed Views

Eye-Level

Bird’s Eye-Level

7

#

#

6

8121915 14

11

13

35

2

4

10

Page 11: ESSEX GREEN TOWN CENTER...- Shadow anchored by LA Fitness - Located adjacent to Courtyard by Marriott and Cambria Suites (under-construction) South Orange Arena Residence Thomas Edison

SBLM Architects Clarion Partners

545 West 45th Street 230 Park Avenue Essex Green Shopping CenterNew York, New York 10036 New York, New York 10169 Retail RevitalizationTelephone 212 995 5600

May 17, 2018Fax 212 675 4228www.sblm.com

View 1 SBLM Architects Clarion Partners

545 West 45th Street 230 Park Avenue Essex Green Shopping CenterNew York, New York 10036 New York, New York 10169 Retail RevitalizationTelephone 212 995 5600

May 17, 2018Fax 212 675 4228www.sblm.com

View 2

SBLM Architects Clarion Partners

545 West 45th Street 230 Park Avenue Essex Green Shopping CenterNew York, New York 10036 New York, New York 10169 Retail RevitalizationTelephone 212 995 5600

May 17, 2018Fax 212 675 4228www.sblm.com

View 3 SBLM Architects Clarion Partners

545 West 45th Street 230 Park Avenue Essex Green Shopping CenterNew York, New York 10036 New York, New York 10169 Retail RevitalizationTelephone 212 995 5600

May 17, 2018Fax 212 675 4228www.sblm.com

View 4

1 2

3 4

11

RENDERINGS

Page 12: ESSEX GREEN TOWN CENTER...- Shadow anchored by LA Fitness - Located adjacent to Courtyard by Marriott and Cambria Suites (under-construction) South Orange Arena Residence Thomas Edison

SBLM Architects Clarion Partners

545 West 45th Street 230 Park Avenue Essex Green Shopping CenterNew York, New York 10036 New York, New York 10169 Retail RevitalizationTelephone 212 995 5600

May 17, 2018Fax 212 675 4228www.sblm.com

View 5 SBLM Architects Clarion Partners

545 West 45th Street 230 Park Avenue Essex Green Shopping CenterNew York, New York 10036 New York, New York 10169 Retail RevitalizationTelephone 212 995 5600

May 17, 2018Fax 212 675 4228www.sblm.com

View 6

SBLM Architects Clarion Partners

545 West 45th Street 230 Park Avenue Essex Green Shopping CenterNew York, New York 10036 New York, New York 10169 Retail RevitalizationTelephone 212 995 5600

May 17, 2018Fax 212 675 4228www.sblm.com

View 7 SBLM Architects Clarion Partners

545 West 45th Street 230 Park Avenue Essex Green Shopping CenterNew York, New York 10036 New York, New York 10169 Retail RevitalizationTelephone 212 995 5600

May 17, 2018Fax 212 675 4228www.sblm.com

View 8

5 6

7 8

12

RENDERINGS

Page 13: ESSEX GREEN TOWN CENTER...- Shadow anchored by LA Fitness - Located adjacent to Courtyard by Marriott and Cambria Suites (under-construction) South Orange Arena Residence Thomas Edison

SBLM Architects Clarion Partners

545 West 45th Street 230 Park Avenue Essex Green Shopping CenterNew York, New York 10036 New York, New York 10169 Retail RevitalizationTelephone 212 995 5600

May 17, 2018Fax 212 675 4228www.sblm.com

View 9 SBLM Architects Clarion Partners

545 West 45th Street 230 Park Avenue Essex Green Shopping CenterNew York, New York 10036 New York, New York 10169 Retail RevitalizationTelephone 212 995 5600

May 17, 2018Fax 212 675 4228www.sblm.com

View 10

SBLM Architects Clarion Partners

545 West 45th Street 230 Park Avenue Essex Green Shopping CenterNew York, New York 10036 New York, New York 10169 Retail RevitalizationTelephone 212 995 5600

May 17, 2018Fax 212 675 4228www.sblm.com

View 11 SBLM Architects Clarion Partners

545 West 45th Street 230 Park Avenue Essex Green Shopping CenterNew York, New York 10036 New York, New York 10169 Retail RevitalizationTelephone 212 995 5600

May 17, 2018Fax 212 675 4228www.sblm.com

View 12

9 10

11 12

13

RENDERINGS

Page 14: ESSEX GREEN TOWN CENTER...- Shadow anchored by LA Fitness - Located adjacent to Courtyard by Marriott and Cambria Suites (under-construction) South Orange Arena Residence Thomas Edison

SBLM Architects Clarion Partners

545 West 45th Street 230 Park Avenue Essex Green Shopping CenterNew York, New York 10036 New York, New York 10169 Retail RevitalizationTelephone 212 995 5600

May 17, 2018Fax 212 675 4228www.sblm.com

View 13 SBLM Architects Clarion Partners

545 West 45th Street 230 Park Avenue Essex Green Shopping CenterNew York, New York 10036 New York, New York 10169 Retail RevitalizationTelephone 212 995 5600

May 17, 2018Fax 212 675 4228www.sblm.com

View 14

SBLM Architects Clarion Partners

545 West 45th Street 230 Park Avenue Essex Green Shopping CenterNew York, New York 10036 New York, New York 10169 Retail RevitalizationTelephone 212 995 5600

May 17, 2018Fax 212 675 4228www.sblm.com

View 15

13 14

15

14

RENDERINGS

Page 15: ESSEX GREEN TOWN CENTER...- Shadow anchored by LA Fitness - Located adjacent to Courtyard by Marriott and Cambria Suites (under-construction) South Orange Arena Residence Thomas Edison

15

1 mile radius 3 mile radius 5 mile radius 10 mile radiusP o p u l a t i o n

2017 Estimated Population 8,694 158,330 521,856 1,703,756

2022 Projected Population 8,787 160,344 534,930 1,750,4202010 Census Population 8,592 155,862 512,402 1,656,650

2000 Census Population 8,442 159,349 527,876 1,643,429

Historical Annual Growth 2000 to 2017 0.2% - -0.1% 0.2%

Projected Annual Growth 2017 to 2022 0.2% 0.3% 0.5% 0.5% 2016 Median Age 44.3 39.1 37.7 37.2

H o u s e h o l d s2017 Estimated Households 3,584 61,785 198,056 614,4722022 Projected Households 3,641 62,957 204,093 635,309

2010 Census Households 3,453 59,061 189,026 587,9312000 Census Households 3,305 59,737 191,663 585,931

Historical Annual Growth 2000 to 2017 0.5% 0.2% 0.2% 0.7%

Projected Annual Growth 2017 to 2022 0.3% 0.4% 0.6% 0.3%

H o u s e h o l d s b y R a c e2017 Estimated White 62.3% 42.9% 41.8% 52.7%

2017 Estimated Black or African American 21.6% 43.3% 41.7% 26.7% 2017 Estimated Asian & Pacific Islander 12.4% 6.3% 6.2% 7.4%

2017 Estimated American Indian & Native Alaskan 0.1% 0.3% 0.3% 0.4% 2017 Estimated Other Races 3.5% 7.2% 10.0% 12.9%

2017 Estimated Hispanic 9.2% 13.5% 19.0% 27.8%

I n c o m e2017 Estimated Average Household Income $ 164,035 $ 115,728 $102,513 $ 96,635 2017 Estimated Median Household Income $ 117,011 $ 87,812 $ 80,216 $ 77,316

2017 Estimated Per Capita Income $67,642 $ 45,240 $ 39,002 $ 35,038

Education (Age 25+)2017 Elementary 4.4% 5.4% 6.3% 7.9%

2017 Some High School 1.7% 4.7% 6.6% 7.1%

2017 High School Graduate 16.5% 24.1% 27.2% 30.2% 2017 Some College 11.3% 15.7% 16.8% 16.3%

2017 Associates Degree Only 7.2% 5.7% 5.7% 5.4% 2017 Bachelors Degree Only 31.2% 25.6% 22.2% 20.3%

2017 Graduate Degree 27.7% 18.8% 15.2% 12.8%

B u s i n e s sNumber of Businesses 581 7,271 19,652 78,323

Total Number of Employees 5,858 65,390 181,454 902,821Employee Population per Business 10.1 9.0 9.5 11.5

Residential Population per Business 15.0 21.8 26.6 21.8

DEMOGRAPHICS

15

Page 16: ESSEX GREEN TOWN CENTER...- Shadow anchored by LA Fitness - Located adjacent to Courtyard by Marriott and Cambria Suites (under-construction) South Orange Arena Residence Thomas Edison

Please visit us at www.ripconj.com for more information.

This information has been secured from sources we believe to be reliable, but we make no representations as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

201.777.2300

Curtis [email protected]

Jake [email protected]