Union Plaza New Castle, PA

Transcription

1 Union Plaza New Castle, PA 1

2 Union Plaza SR 224 and INTERSTATE 376 Anchored by Lowe s, Tractor Supply, Dunham s Sports, Aldi and Sears Auto Center 56,000 S.F. Box Immediately Available Will Divide 89,000 S.F. Box Immediately Available Will Divide Existing Development: 388,600 S.F. Total Development Potential: 440,000 S.F. A McCLURE COMPANY VENTURE (727) (office) (727) (fax) dm@mcclurecompany.net 2

3 UNION PLAZA NEW CASTLE, PENNSYLVANIA The following is information on a great opportunity to open your store in a large 56,000 sf box (can be divided) or all or part of an 89,080 sf (can be divided or expanded an additional 20,000 sf) former Sears Department Store, both of which are located in an expanding regional corridor. Union Plaza currently has a total GLA of 370,000 sf and is anchored by ALDI S (19,000 sf), LOWE S (136,000 sf), TRACTOR SUPPLY (25,000+ sf) and DUNHAM S (38,000 sf) and SEARS AUTO (9,860 sf). An additional 90,000 sf of anchor pads and small shop space are approved for future expansion. Over 1,600 parking spaces are currently in place. HAMPTON INN, WENDY S, BOB EVANS and SHEETZ are on the outparcels as well as ALDI GROCERY which recently opened at Union Plaza. Union Plaza is located at the northwest corner of Interstate 376 and SR 224. Since the expansion of I-376 connecting New Castle to Pittsburgh, New Castle has become a bedroom community to the Pittsburgh and Youngstown/Boardman Ohio markets. The next five years are projected to show an increase in new home construction in the area to meet the demand of the influx of new residents due to the $1.5 billion Shell Oil plant under development in Beaver. The strategic location and the proximity to Interstate 79 and Interstate 80 have made this a regional commercial corridor serving over 266,000 people in a 15-mile radius. The SR 224 commercial corridor encompasses over 950,000 square feet of retail stores. Across the street from Union Plaza is a 325,000 sf shopping center anchored by a 24-hour WAL-MART SUPERSTORE (210,000 sf), STAPLES, PETCO, DOLLAR TREE and HARBOR FREIGHT. Other anchors in the corridor include SHOP N SAVE GROCERY (60,000 sf), 84 LUMBER, and CINEMA 9 (see competition map for further details). A welcomed addition to the corridor is the Butler Community College Campus. BCC opened in 2009 with future expansion opportunities. Also, a Hampton Inn complete with conference rooms and pool opened in 2010 on our outparcel at Union Plaza. A Holiday Inn Express opened about two blocks west from us in I look forward to discussing this exceptional opportunity to lease a large box or part of the box that is in good condition in a relatively new retail corridor. I have enclosed aerials, fact sheet, demographics, site plan, building frontal and competition map for you further review. Sincerely, J. Richard McClure 3

4 UNION PLAZA FACT SHEET LOCATION: NWC of Interstate 376 and SR 224 in the City of New Castle, Pennsylvania, Union Township, Lawrence County. Approximately 45 minutes drive north from Pittsburgh on Interstate 376 or I-79, ten miles east of the Ohio border on SR 224, fifteen miles south of I-80 and twelve miles west of I-79. SIZE: Approximately 228,282 sf existing. Additional expansion up to approximately 90,000 sf and 3 additional outparcels available for development. Property contains approximately 50+ acres. AGE: Lowe s opened July TENANTS: Sears (vacant): 89,000 sf (can be expanded 20,000 sf) Sears Auto: 9,860 sf Tractor Supply: 25,063 sf Dunham s: 37,755 sf Aldi: 19,000 sf Ames (vacant): 56,466 sf Bob Evans: (not owned by Union Plaza) Wendy s: 3,500 sf Hampton Inn: (not owned by Union Plaza) Lowe s: 135,000 sf (Shadow Anchor) Sheetz: 6,000 sf. OTHER RETAILERS: Union Square (across street): Wal-Mart Supercenter (24 hour), Staples, Famous Footwear, Payless, Arby s, Ruby Tuesday, King s Restaurant, McDonald s, Peoples Bank, Wells Fargo, Sally Beauty, Dollar Tree, GNC, King s Jewelry, Petsmart, Aspen Dental, Harbor Freight, Verizon, AT&T and T-Mobile. In Corridor: Shop N Save (new 60,000 sf), Dollar General, Auto Zone, 84 Lumber, Advance Auto, Wine & Spirits, Cinema 9, First Choice Federal Credit, Sherwin Williams, First Federal Bank and Ruby Tuesday. VISIBILITY: Excellent visibility from Interstate 376 and SR 224. TRAFFIC LIGHTS: Full lights in place at entrance with turn lanes and left-hand turn arrows. PARKING: 1,650 existing. RESIDENTIAL: A 180-unit condominium development opened behind the Wal- Mart in Hampton Inn and Holiday Inn Express are new to the corridor. 4

5 AERIAL LEGEND 1. WESTGATE PLAZA: 220,000 square feet on 23 acres. Renovated. Tenants include a 60,000+ square foot Shop N Save, Home Comfort Center, Revco, Westgate Cinema 9, Hallmark Crown and Wine & Spirits. Outparcel is a First Federal Bank. New apartment building is adjacent and regional office for Columbia Gas. 2. Auto Zone, Sherwin Williams 3. Get Go Mini-Mart, Bill s Sandwich Shop, New York Bagel, Pizza Joe s Bingo s Bar/Restaurant/Banquet, Subway 4. Pennsylvania Power Company Office 5. New First Choice Federal Credit Union, Dollar General, Union Area Grade- Elementary- Jr.- Sr. High School unit apartment/condominium development. 7. UNION SQUARE SHOPPING CENTER: A 325,000 square foot shopping center anchored by a 210,000 square foot 24-hour Wal-Mart Superstore, Staples, and Famous Footwear. Other tenants include Payless Shoes, King s Jewelry, King s Buffet, Kim Nails, Sally Beauty, Dollar Tree, GNC, Famous Hair, Cellular One, Men s Wear, Physical Therapy, Wells Fargo, Rent A Center, Petsmart and Harbor Freight. 8. UNION SQUARE OUTPARCELS: Ruby Tuesdays, McDonalds, King s Family Restaurant, Arby s, First Commonwealth Bank and Aspen Dental. Advance Auto is on the corner Lumber 10. Approximately ¼ mile west: New Castle Airport, and an 80-unit townhouse development. 11. New 30-acre condo development. 12. Butler County Community College. 13. N/A 14. Industrial complex under construction. New Trade school opening. 5

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