a new season is dawning where a...
TRANSCRIPT
A new season is dawningat Rosedale Center,where a multimillion-dollarrenovation and expansionis underway.
E N V I S I O N Glass, steel,wood and stonecome togetherin a dramaticarchitecturalexpressionto create an inspiring
environment, resulting in
a first-class shopping
and dining experience.
A New Design Aesthetic— Contemporary finishes and upgraded amenities
— Modern storefronts with sleek, natural materials
— Key retailer façade updates and remodeled restrooms
— Column reductions to improve sight lines
— Contemporary lighting and updated seating areas
— First in market Food Hall, merging dining and retail into one unique marketplace
— New specialty retailers will be added with the Von Maur expansion
— New parking deck
The PropertyWith over 1 million square feet of retail
spanning two levels including Macy’s, JCPenney,
Herberger’s and AMC Theatres, plus 160 specialty
shops, fast-casual and full-service restaurants,
Rosedale Center is the trade area’s most popular
regional shopping mall.
St. Thomas University, 2015
Key RetailersAldo
Apple
Athleta
Banana Republic
Bose
Brighton
Buckle
Build-A-Bear
Dry Goods
DSW Shoes
Francesca’s Collections
Godiva
J.Crew
Lush
Sephora
Soma
Victoria’s Secret
White Barn
White House | Black Market
Williams-Sonoma
A New Fashion Anchor A 141,000 SF location of Von Maur
will bring sought-after brands including
Eileen Fisher, Tory Burch, Vince Camuto
and Kate Spade to evolve Rosedale's
fashion category. Construction of the
new fashion wing and anchor space will
begin in spring 2017 with an expected
fall 2018 opening.
Leasable AreaTotal GLA . . . . . . . . . . . . . . . . 1,281,861 sf*
160 Specialty Stores . . . . . . . . . 514,200 sf
Anchors (Total) . . . . . . . . . . . . . 776,339 sf
Macy’s . . . . . . . . . . . . . . . . . . . . . 259,453 sf
JCPenney . . . . . . . . . . . . . . . . . . 164,772 sf
Herberger’s . . . . . . . . . . . . . . . . . 150,923 sf
AMC Theatres. . . . . . . . . . . . . . . . . 60,191 sf
Von Maur (2018) . . . . . . . . . . . . 141,000 sf
*Total GLA upon completion of expansion
Perfectly positioned betweenthe Twin Cities of Minneapolisand Saint Paul, ROSEDALECENTER draws over 14 millionvisitors each year. The centergenerates $300+ million insales annually, in excess of$600 per square foot.
The Market
Trade Area ( 15-mile radius )Population. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,888,974
Total Households. . . . . . . . . . . . . . . . . . . . . . . 772,981
Average HH Income . . . . . . . . . . . . . . . . . . . $79,362
Median Age. . . . . . . . . . . . . . . . . . . . . . . . . 36.2 years
Fortune 500 CompaniesMinneapolis-St. Paul is home to 19 Fortune 500 Companies, the most in the U.S., including:
General Mills U.S. Bancorp
Target 3M
United Healthcare Best Buy
EducationRosedale Center shoppers are educated:
— 12 universities and 120,000 students within a 10-mile radius
— Over 40% of people within a 10-mile radius have earned a college degree, a figure that is 10% higher than the national average. ESRI
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Traffic Counts
SNELLING AVE.
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22,000 cpd
DowntownMinneapolis
The Shopper iswell employed;55% work within theprofessional sector.
The Shopper :— Is physically active, participating in a variety of sports including: yoga, Pilates, backpacking, football and basketball
— 75% have a wide range of international foods on their shopping lists
— 53% prefer fresh and healthy foods
— Is digitally engaged and up on the latest technology
— Actively supports the arts, theater, concerts and museums
— The majority own their home and they are likely to purchase kids’ products
ESRI & Facebook Insights
The Shoppers
Emerald CityMedian Age: 36.6Average Household Size: 2.05Median Household Income: $52,000Favorite Brands: Kate Spade, Athleta, Banana RepublicInto: Food, Culture
In StyleMedian Age: 41.1Average Household Size: 2.33Median Household Income: $66,000Favorite Brands: Pottery Barn, Coach, Ann TaylorInto: Arts
College TownBright Young Professionals Median Age: 32.2Average Household Size: 2.40Median Household Income: $50,000Favorite Brands: Apple, J.Crew, Warby ParkerInto: Fitness
Median Age: 24.3Average Household Size: 2.12Median Household Income: $28,000Favorite Brands: Victoria’s Secret PINK, Express, Forever 21Into: Technology
Development Plan: Level Two
Meet the TeamManagementJLL RETAIL
JLL partners with retailers, investors and owner/operators
through its extensive team of dedicated experts around
the world. They understand the inherent complexities and
variability associated with both the retail industry and
increasingly complex capital markets. Its specialists are
recognized for their independent and expert advice to
clients, backed by industry-leading research that delivers
maximum value.
With leading in-depth knowledge of local, regional and
global market dynamics, JLL aims to truly partner with its
clients for the entire lifecycle of an asset or lease. Its experts
deliver maximum value to clients that supports and shapes
their investments, site selection and brand strategies.
Chad Macy, CRX, CLS
Vice President
Leasing Representative, JLL
+1 (651) 746-5313
ROSEDALE CENTER
10 Rosedale Center
Roseville, MN 55113
+1 (651) 638-3553
myrosedale.com
Lane Walsh, CLS
Vice President
Leasing Representative, JLL
+1 (610) 975-9350
Scott Michaelis
Vice President
General Manager, JLL
+1 (651) 638-3553