8.56 acre crocker road development site a once in a ... · 8.56 ac for sale crocker park westbay...

CONTACT EXCLUSIVE AGENTS

JOSEPH KHOURI First Vice President 216 658 [email protected]

KEVIN MOSS Associate 216 363 [email protected]

CBRE, INC.950 Main Avenue, Suite 200Cleveland, OH 44113216 687 1800

N

WORLD HQ

CROCKER ROAD - 36,177 VPDDETROIT ROAD -

DETROIT ROAD - 17,540 VPD

10 502 VPD

I-90 - 76,815 VPD87,463 VPD

LAKEWOOD COUNTRY

CLUB

GEMINII & II

HIGH-ENDRES.

PROJECT

OFFICEOFFICE

WEST BAY PLAZA

Late 2018:

PROMENADE AT CROCKER PARK

SAVANNAH COMMONS

8.56 ACRE CROCKER ROAD DEVELOPMENT SITE A ONCE IN A LIFETIME DEVELOPMENT OPPORTUNITY

ATRIUM OFFICE

SITE8.56 ACFOR SALE

LAND

OFFICE

PROPERTY INFOProperty Address:Corporate Circle/ Crocker RoadWestlake, Ohio 44145County:Cuyahoga CountyParcel Numbers:211-26-032 and 211-26-066Total Site Size:8.56 AcresTax District:Westlake CityZoned:Executive Office ParkExisting Zoning Building Heights:75’ FT - 6 Story BuildingFrontage: Over 530’ of frontage along Crocker RoadLocated at Signalized intersection of Crocker Road and Corporate Circle

N

LARGEST REMAINING PARCEL OF LAND FOR DEVELOPMENT ALONG CROCKER ROAD BETWEEN DETROIT AND HILLIARD

365.89

PRICE: $7,725,000

RETAIL MARKETThe Property is located in the heart of the major retail trade area, and immediately adjacent to Crocker Park, one of the crown jewels and destinations of Cleveland’s suburbs, a 4.5 Million SF mixed-use lifestyle development encompassing 12 city blocks with a project cost of approximately $480 Million dollars. Crocker Park and The Promenade at Crocker Park anchor stores include; Dick’s, The Apple Store, Barnes and Noble, Arhaus, Bed Bath & Beyond, Nordstrom rack, H&M, The Gap Brands, J.Crew, Victoria Secret, Anthropologie, Urban Outfitters, Orvis, SurLaTable, Coach, LA Fitness, Trader Joe’s and much more. This well-positioned site offers a rare opportunity for a developer to capitalize on one of the final pieces of premier real estate land on the west side of Cleveland.

WESTLAKE, OHIOWestlake is an affluent suburb of Cleveland, OH. Located just 12 miles of downtown in the west office submarket of Greater Cleveland, the population is 32,729. Westlake is bounded by I-90 and I-480 and is in close proximity to the highways, Lake Erie and Cleveland Hopkins International Airport. As a result, Westlake has emerged as highly desirable to both businesses and residents. Westlake is home to the corporate headquarters of Hyland Software, the developer of the enterprise content management (ECM) and process management software called OnBase. Both American Greetings, a national leader in social expression and greeting card products, as well as the Richard E. Jacobs Group, a prominent real estate developer in the Greater Cleveland area, are located in Westlake.

OUR SITE IS LOCATED IN WESTLAKE, OHIO, ONE OF CLEVELAND’S MOST DESIRABLE COMMUNITIES AND STRONGEST TRADE AREAS

DOING BUSINESSOffice tenants are attracted to the Westlake submarket thanks to its premium retail and dining amenities, including Crocker Park, as well as proximity to highly-desirable residential areas. The west submarket ishome to a number of the large companies, including American Greetings, Nordson and Hyland Software. Other large employers in the area include Travel Centers of America, Energizer and Cleveland Clinic.

CONCEPTUAL DESIGN

8.56 ACRE SITE ACROSS FROM CROCKER PARK, THE PROMENADE AND AMERICAN GREETINGS WORLD HQ

WESTLAKE SNAP SHOT • Average Household Income of $115,747 • 35,506 Employees within a 3 mile radius • A population of 55,119 people in a 3 mile radius • There are 22,205 households within a 3 mile radius • 2017 Median Home Sale Price: $271,000 • Westlake is where people want to be: In 2018 Cleveland Magazine’s “Rating the Suburbs” awarded Westlake #4 on the list of best suburbs in the Cleveland Area.

CONCEPTUAL DESIGN

ANNUAL HOUSEHOLD & LIFESTYLE SPENDING

$3,083Apparel & Services

$6,794Groceries

$3,126Travel

$7,900Health Care

$93Theater, Operas,

Concerts

$109Movies,

Museums & Parks

$4,636Eating Out

$247Computers & Hardware


WESTLAKE, OHIO$

$115,747Household Income

35,506Employees

(3 Mile Radius)

55,119Population

(3 Mile Radius)

22,205Households

(3 Mile Radius)

$271,0002017 Median

Home Sale Price

SITE VIEW - NORTH WEST

SITE8.56 ACFOR SALE

CROCKER PARK

WESTBAY PLAZA

CROCKER ROAD - 36,177 VPD

THE PROMENADE at CROCKER PARK

PNC

I-9087,463 VPD


HYATT PLACE HOTEL

GEMINII & II

City

Lake ErieBay High School

Cuyahoga Community

CollegeWestshore

WestlakeHigh School

LakewoodCountry Club

BRA

DLE

Y RD

BRA

DLE

Y RD

DETROIT RD

BAY VILLAGE

WESTLAKE

CRO

CKE

R RD

CRO

CKER RD

DO

VER CEN

TER RD

DO

VER CEN

TER RD

WESTWOOD RD

CA

NTERBU

RY RD

CO

LUM

BIA RD

CLA

GU

E RD

LAKE RD

CO

LUM

BIA RD

BASSETT RD

CLEMENS RD

WOLF RD

WOLF RD

DETROIT RD

SPERRY RD

CENTER RIDGE RD

HILLIARD BLVD

HILLIARD BLVD

Huntington Beach

HylandSoftware

Energizer

TravelCenters of AmericaAmerican

Greetings

254

113

254

254

113

252

252

6

20

20

INTERSTATE

90

INTERSTATE

90

Koyo Corp

10,480

4,454

8,860

11,673

91,058

87,463

76,815

17,540

10,502

30,226

11,0

87

12,944

12,519

21,761

23,715•

10,654

4,524

3,090

10,587

8,75

6

11,167

5,715

26,831•

36,177

9,465

10

98

432

5

6

7

1

WilliamsburgSquare

CSU West Ctr

Found from website recreated PMS

SAVANNAH COMMONS

PROMENADE AT CROCKER PARK

BAY VILLAGE SQUAREFound from website recreated PMS

DOVER COMMONS

Proposed

STEIN MART PLAZA

WEST BAY PLAZAUNDER RENOVATION

Late 2018:

Relocating

Planned

CROCKER PARK

Proposed

Summer2018:

SITE

Last Updated: June 13, 2018CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners.Traffi c Counts: Ohio Department of Transportation (ODOT) 2017

© 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verifi ed for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk.

Licensed Real Estate Broker

HOTELS10 Hotels/1,190 Rooms

1. Holiday Inn Express - 91 Rooms2. Extended Stay America - 73 Rooms3. Sonesta ES Suites - 104 Rooms4. DoubleTree - 269 Rooms5. Red Roof Inn - 98 Rooms6. Hampton Inn - 122 Rooms7. Hyatt Place - 110 Rooms8. Super 8 - 115 Rooms9. Courtyard - 122 Rooms10. Townplace Suites - 86 Rooms

MAJOR OFFICE BLDGS±3.8 MSF (3 Miles; Source: CoStar)

1. Atrium of Westlake - 60,000 SF2. Crocker Park - 772,376 SF3. Gemini I & II - 148,4984. Crocker Corporate Center - 63,251 SF5. LaCentre Offi ce Plaza - 139,805 SF6. King James South - 274,947 SF7. Point 5 & 6 - 188,758 SF

TRADE AREA INFO Detroit Road & Crocker Road(3 Miles)

• Population: 55,119• Daytime Population: 55,959 • Average HH Income: $115,747• Total Businesses: 2,162• Total Employees: 35,506

MAJOR EMPLOYERS

1. Highland Software - 1.665 employees2. American Greetings - 1,564 employees3. Scott Fetzer Co - 1,358 employees4. St. John Medical Center - +1,200

employees5. Nordson Corp - 716 employees

6

2

3

4

5

1

7


SITE VIEW - SOUTH

SITE8.56 ACFOR SALE

CROCKER PARK

ST. JOHN’S WESTSHORE

HOSPITAL



CORPORATE CIRCLE

WORLD HQ

SITE VIEW - SOUTH WEST

CROCKER PARK



SITE8.56 ACFOR SALE

WORLD HQ

LAKEWOOD COUNTRY

CLUB

CORPORATE CIRCLE

© 2018 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Licensed Real Estate Broker.

DEMOGRAPHICS1 MILES 3 MILES 5 MILES

Population 2017 Estimated Pop 7,287 55,119 140,0422022 Projected Pop 7,392 55,139 140,2962010 Census Pop 6,637 54,456 139,0362017 Employees 13,212 35,506 77,2562017 Median Age 43.0 45.4 45.0

Households 2017 Est. Households (YTD) 3,567 22,205 57,6342022 Projected Households 3,640 22,289 57,9302017 Median Home Value $285,374 $258,502 $203,0412017 Est. Avg Household Size 1.98 2.43 2.40

Income 2017 Est. Median Household Income $82,190 $85,943 $75,8562022 Prj. Median HH Income $91,927 $93,863 $83,4152017 Est. Avg. Household Income $114,415 $115,747 $100,428

CONTACT EXCLUSIVE AGENTS

JOSEPH KHOURI First Vice President 216 658 [email protected]

KEVIN MOSS Associate 216 363 [email protected]

CBRE, INC.950 Main Avenue, Suite 200Cleveland, OH 44113216 687 1800


8.56 acre crocker road development site a once in a ... · 8.56 ac for sale crocker park westbay...

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