queens center - loopnet

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QUEENS CENTER

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Page 1: QUEENS CENTER - LoopNet

QUEENS CENTER

Page 2: QUEENS CENTER - LoopNet

Queens Center in Elmhurst, NY has consistently been one of the most productive malls in the country. Situated at the hub of mass transit and at the intersections of Queens Boulevard, the Long Island Expressway and Woodhaven Boulevard, the borough’s only super-regional mall is highly visible and easily accessible by all modes of transportation. The center attracts nearly 27 million shoppers annually.

In 2004, Queens Center completed a $275 million expansion, renovation and modernization program which resulted in more space, more amenities and more stores. A brand new JCPenney, an expanded Macy’s, and an expanded and relocated food court have since been accompanied by such new retailers as Apple, A|X Armani Exchange, The Cheesecake Factory, Disney Store, Godiva, Hollister, MAC, Lego, Swarovski, Forever 21, H&M, Michael Kors, NYX, Puma, Sephora, and Shake Shack.

Queens Center now stands out as an aesthetically pleasing, family-friendly destination that maximizes shopping opportunities for both retailers and consumers.

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QUEENS CENTER

Page 3: QUEENS CENTER - LoopNet

AT-A-GLANCE

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QUEENS CENTER

Vehicular Traffic

Queens Center is exposed to

309,603cars daily

$73,762Stores include:

Apple, A|X Armani Exchange, Forever 21, H&M, Hollister,

Michael Kors, PUMA, Sephora, Macy’s, and JCPenney

Shopper average household income(Total Trade Area)

150+

Visitors to Queens Center

732,248Households in the trade area

Woodhaven Blvd. Subway Station

7,125,205Annual

Ridership

Ranks 60th out of 421 stations in New York City

Serving 2.2 million people in the

trade area each day

Urban Queens Center is a world class suburban shopping center in an

urban environment

27 million

Page 4: QUEENS CENTER - LoopNet

Competitive Centers

Other Centers

Secondary Trade Area

Primary Trade Area

QUEENS CENTER

TRADE AREA MAP

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NEW YORK

Page 5: QUEENS CENTER - LoopNet

DEMOGRAPHIC SNAPSHOT

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PRIMARY TRADE AREA TOTAL TRADE AREAMSA

(NY, NJ, PA MSA)

2017 Population 1,149,821 2,165,755 20,487,271

2022 Population (projection) 1,200,218 2,267,236 21,158,148

Five-Year Population Growth 4.4% 4.7% 3.3%

Households 384,090 732,248 7,428,362

Average Household Income $76,800 $73,762 $104,217

Median Household Income $56,134 $53,487 $69,834

Median Age 37.6 36.6 38.6

White Collar 290,411 547,906 6,436,631

Daytime Employees 247,021 446,814 9,756,575

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Page 6: QUEENS CENTER - LoopNet

THE POWER OF QUEENS

Queens Center is located in the heart of Elmhurst, NY one of Queens’ oldest towns. Contemporary Elmhurst is a bustling,

densely populated community favored by Asian immigrants who represent 30.2 % of the market.

Queens Center is exposed to over 309,000 cars daily and is in very close proximity to some of the busiest transportation hubs in the

country. All major bus routes stop immediately in front of Queens Center's doors. Woodhaven Boulevard, the subway stop right at Queens Center, boasts annual ridership of over 7.1 million. The

station ranked 60th out of 421 stations in NYC for ridership.

Queens is a dynamic borough rich in Arts & Culture. There are many opportunities to explore live entertainment, music

performances, art galleries and more. The borough is home to Flushing Meadows Corona Park, Queens Museum of Art, Queens

Theatre in the Park, the New York Hall of Science, and the Queens Botanical Garden to name a few. There’s also horseback riding,

golf courses and a brand new Olympic-sized swimming pool and NHL regulation ice rink.

QUEENS CENTER

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Page 7: QUEENS CENTER - LoopNet

THE POWER OF QUEENS

Queens Center serves a boastful college market. There are over 85,000 students within its trade area between four public

colleges, LaGuardia, York, Queensborough, Queens College CUNY and three private colleges including St. John’s University.

Queens offers sports enthusiasts the opportunity to take advantage of some of the most recognized sporting events

such as the U.S. Open Tennis Championships at the USTA Billie Jean King National Tennis Center, Belmont Park Racetrack, and the New York Mets baseball team at Citi Field. Basketball fans

can root for the St. John’s University Red Storm.

Daytime population:Over 45,000 businesses are within Queens Center’s trade area employing close to 447,000 people. Major employers include LaGuardia and JFK international Airports, the Department of

Environmental Protection, public and private colleges, hospitals, and major automobile dealerships.

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Page 8: QUEENS CENTER - LoopNet

ANNUAL VISITORS

Queens Center attracts nearly 27 million shoppers annually, compared to:

20 million visitors to Niagara Falls

19.8 million total residents of the NYC Tri-State Metropolitan Area

17.4 million visitors to Disneyland

12.9 million residents of the greater Los Angeles Metropolitan Area

More than the combined, annual total number of visitors to:

The Eiffel Tower (7 million)

The Grand Canyon National Park (5 million)

The Statue of Liberty (4.2 million)

Yellowstone National Park (3.1 million)

Mt. Rushmore (2.7 million)

QUEENS CENTER

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Page 9: QUEENS CENTER - LoopNet

QUEENS CENTER

71% of Queens Center’s shoppers are in the critical age segment of 18 to 44 year olds.

At 122 minutes, the average shopping visit at Queens Center exceeds the industry norm of 84

minutes for visits to regional malls.

Average total expenditure at Queens Center is $110, approximately 13.4% higher than the

ICSC’s average total expenditure of $97 for regional malls.

SHOPPER RESEARCH

99

Page 10: QUEENS CENTER - LoopNet

THE JEWEL OF THE BOROUGH

QUEENS CENTER

Queens Center, the borough’s only enclosed, super regional shopping center,

offers a first class suburban shopping experience in an urban environment. The

center is highly visible and easily accessible by all modes of transportation.

1010

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THE JEWEL OF THE BOROUGH

QUEENS CENTER

Queens Center features a broad mix of national retailers sprinkled with a dash of

local merchants.

Many Queens Center retailers rank as top performers in sales volume within their

chains.

1111

Page 12: QUEENS CENTER - LoopNet

QUEENS CENTER

The expansion and renovation doubled the retail space and increased the number of

specialty stores to over 150. Dramatic, eye-catching, octagon-shaped skylights, a

granite stone façade along with other great amenities makes Queens Center stand out

as a first class shopping environment for people who live, work and shop in Queens.

THE JEWEL OF THE BOROUGH

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AERIAL

QUEENS CENTER

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Page 14: QUEENS CENTER - LoopNet

MERCHANDISING

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Since the redevelopment, Queens Center offers many new and exciting stores that enhance the merchandise mix. An impressive All Star retail lineup includes great local and national retailers.

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SITE PLAN

QUEENS CENTER

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Page 16: QUEENS CENTER - LoopNet

VEHICLE TRAFFIC COUNTS

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DAILY ANNUAL

Long Island Expressway 161,013 58,769,745

Brooklyn Queens Expressway

100,560 36,704,400

MAJOR HIGHWAYS NEAR CENTER

ROADS WITH CENTER ENTRANCES

DAILY ANNUAL

Queens Boulevard 39,816 14,532,840

Page 17: QUEENS CENTER - LoopNet

MACERICH (NYSE: MAC) AN S&P 500 COMPANY

ONE OF THE NATION’S LEADING OWNERS, OPERATORS & DEVELOPERS OF MAJOR RETAIL PROPERTIES IN ATTRACTIVE U.S. MARKETS, INCLUDING THE PACIFIC RIM, ARIZONA, CHICAGO AND THE METRO NEW YORK TO WASHINGTON, D.C. CORRIDOR