LEASING opportunities
COLONIE CENTER | ALBANY, NEW YORK
COLONIECENTERAT A GLANCE
Colonie Center generates
in excess of $280 million
in sales annually with top
producers Macy’s, Boscov’s,
L.L. Bean, Sephora,
Bose, P.F. Chang’s, The
Cheesecake Factory, and a
state-of-the-art all digital
Regal Cinema.
17
DAILY TRAFFIC
The daily road traffic
of Wolf and Central
combined is 74,501
vehicles daily. An
additional 111,371
vehicles pass by on
I87. Total daily traffic
count: 187,191.
VOTED “THE BEST SHOPPING
CENTER” IN THE CAPITAL REGION
for the past ten years in a Times
Union readers poll. The Center recently
completed a multi-million dollar renovation
which involved upgrades along with a fresh,
modern ambiance that is unparalleled in the
Capital Region. The renovations included new
contemporary restrooms along with a stateof-the-art family lounge, makeovers to the
food court and center court locations, and
comfortable soft seating areas throughout.
There are 22 Colleges and
Universities within 50 miles
with an economic impact
of over $200 million. The
student population of over
108,500 graduate from
well-known universities
such as Union College,
Rensselaer Polytechnic
Institute, Skidmore
College, Siena
College, and the State
University at Albany
whose College of
Nanoscale Science and
Engineering houses one
of the most advanced
200mm/300mm
wafer facilities in the
academic world.
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ONE-OF-A-KIND RETAIL
Colonie Center is home to several
unique retailers and eateries
found only at Colonie Center in
New York’s Capital Region.
These retailers include: L.L. Bean,
Whole Foods, Sephora, Bose,
Charming Charlie, The Body
Shop, The Christmas Tree Shops,
The Cheesecake Factory, P.F.
Chang’s and Nordstrom Rack.
Clifton Realty Management
overachievers
L.L. BEAN
is the second
highest
grossing store
in the retail
chain. It is
bested only
by the chain’s
flagship store
in Freeport
Maine.
MACY’S
is a top
producer in
the region.
Its success
has earned it
the nickname
“Mini Herald
Square”
by Macy’s
Management.
BARNES
& NOBLE
doubled their
sales upon
relocation.
They are the
second highest
grossing
location in
the northeast
region.
WHOLE FOODS MARKET
had the seventh best opening
in company history. The store is
currently trending to be a top
performer regionally.
SEPHORA
doubled
their initial
projected
sales volume
and is one
of the most
successful
stores in the
region.
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NORDSTROM
RACK
pushes the
envelope
with trendy
fashions to
Capital Region
shoppers
and regularly
meets and
exceeds plan.
Page 3
THE
CHEESECAKE
FACTORY
is a top 20
store in the
national
chain; sales
trending
21% above
national
average.
Clifton Realty Management
COLONIECENTER
BY THE NUMBERS
TRADE AREA DEMOGRAPHICS
10
20
Total Population..................................................510,205
Total Population....................................................715,581
Total Households................................................. 211,249
Total Households................................................294,610
Average Household Income............................$76,147
Average Household Income............................ $80,141
4-Year College Degree or Higher..................35.48%
4-Year College Degree or Higher................... 35.12%
Median Age................................................................. 38.2
Median Age.................................................................39.8
mile trade area
mile trade area
SOURCE: © 2016 Eastdil. All Rights Reserved.
SHOPPER
profile
Average Household Income..................$82,468
Median Age...................................................... 46.74
Own their own home................................ 68.20%
Average time in present home.......................10.96 yrs
Market Value of Owned Home.............$233,110
4-Year College Degree or Higher......... 38.50%
Race/White.................................................. 86.40%
Men................................................................... 46.10%
Women........................................................... 53.90%
Married............................................................52.70%
Employed Full or Part Time................... 69.20%
Employed in White Collar Jobs............ 50.60%
LEISURE SPENDING
18.6%
Eat at a sit-down
restaurant at least
6 times a month.
29.7%
Have been to the
movie theater
between 1 and 3
times in the last
30 days.
SOURCE: ©Scarborough 2016
All County of Residence: Albany, Schenectady, Rensselaer, Saratoga. Projected: 675,234 Respondents: 2,949
shopatcoloniecenter.com
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Clifton Realty Management
What
DOES THE COLONIE CENTER SHOPPER MEAN TO YOU?
Based on the most recent Scarborough data, the Colonie Center shopper is more likely to
spend substantially more money in key categories than the average Capital Region resident.
The Colonie Center Shopper is...
42%
more likely to spend
$100 or more on
cosmetics or perfumes
33%
more likely
to spend
$100 or more
on costume
jewelry
37%
more likely
to spend
$100 or more
on skin care
33%
more likely to spend
$100 or more on women’s
business clothing
20%
31%
more likely to spend
$100 or more on men’s
business clothing
more likely to
spend
$100 or more
on men’s casual
clothing
SOURCE: ©Scarborough 2016
All County of Residence: Albany, Schenectady, Rensselaer, Saratoga. Projected: 675,234 Respondents: 2,949
shopatcoloniecenter.com
Page 5
Clifton Realty Management
RENOVATIONS
unveiled
Colonie Center recently completed a multi-million
dollar center-wide renovation. These upgrades
were designed with our patrons in mind and
work to enhance and modernize their overall
shopping experience. The attention to detail and
personal touches seen throughout the upgrades
have established Colonie Center as a modern,
family-friendly shopping destination.
Food Court
New lower level restrooms along with a
state-of-the-art family lounge facility work to
accommodate the increased shopper base and
provide necessary amenities for shoppers with
young children including nursing rooms,
changing stations and a television lounge.
Colonie Center’s center court, food court and
soft seating areas also received modern
updates during the recent renovation including
new, comfortable furniture, an updated center
court fountain and iPad stations for shopper use.
The new designs help to offer patrons an
unparalleled shopping destination in the region.
Soft Seating
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Center Court
Page 6
Clifton Realty Management
COLONIECENTER
LEASE PLAN
LEVEL ONE
LEVEL TWO
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Page 7
Clifton Realty Management
COLONIECENTER
SITE PLAN
WOLF ROAD
AUTOMOTIVE
CENTRAL AVENUE
(THIRD LEVEL)
RETENTION
POND
CONVENIENCE
STORE
HEALTH CLUB
(SECOND LEVEL)
SECOND LEVEL ACCESS VIA
VERTICAL TRANSPORTATION
TO AND FROM LEVEL ONE
(SECOND LEVEL)
SAND CREEK ROAD
(FIRST LEVEL)
(FIRST LEVEL)
SHED
RING ROAD
RETENTION
POND
LEASABLE area
Total Center GLA..................... 1,338,903 s.f.
Small Shops................................ 328,653 s.f.
N
Colonie Center
131 Colonie Center
Albany, New York 12205
Revision Date
Site Plan
10/09/14
Anchors (Total)........................ 1,010,250 s.f.
Macy’s..................................... 299,436 s.f.
Sears....................................... 275,811 s.f.
Boscov’s.................................. 225,000 s.f.
Christmas Tree Shops............... 56,300 s.f.
Regal Cinemas......................... 55,268 s.f.
Nordstrom Rack........................ 34,698 s.f.
Barnes & Noble........................ 34,440 s.f.
L.L. Bean.................................... 29,297 s.f.
shopatcoloniecenter.com
Page 8
Clifton Realty Management
COLONIECENTER
AERIAL VIEW
NEW YORK
87
NEW YORK
87
PROPERTY DATA
Opening Date......................................1966
Renovation Dates.................... 2008 & 2015
Site...................................................96 Acres
Parking....................................5,297 spaces
Levels...........................................................2
Total Stores............................................100+
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Page 9
Clifton Realty Management
COLONIECENTER
T H E REGION
Being the Capital, Albany is
the hub of the Northeast and
home to over 110,000 state,
local, and federal employees.
A network of service industries,
restaurants, entertainment
venues, and related businesses,
have grown up in Albany to
COLONIE
CENTER
serve the needs of government.
To accommodate local
businesses, there are 30 hotels
within a two mile radius of Wolf
Road totalling 3,581 rooms
which are near capacity every
weekday. Annually there are an
estimated 2,239,199 overnight
visitors to the area.
Planes
Trains
Automobiles
Albany is easily accessible via road, rail, air and waterways.
It is a three (3) hour drive from New York City and Boston and a four (4) hour drive from Montreal.
The Albany International Airport handles an average of 110 daily commercial arrivals and departures.
The Albany–Rensselaer Rail Station has become the ninth-busiest in the country, as well as the
busiest to serve a metro area with a population smaller than 2 million.
Albany is a popular day trip locale for residents of the Adirondacks and Saratoga to the north, the
Catskills and Hudson Valley to the south, the Berkshires and Vermont to the east, and the Finger
Lakes region to the west.
shopatcoloniecenter.com
Page 10
Clifton Realty Management
OUTSIDE THE BOX
Partnerships Designed for Success
CASE STUDY:
MVP HEALTH CARE GOES RETAIL
Fashion. Appliances. Gifts. Entertainment. You can shop for
many things at Colonie Center in Albany, NY. As of October
2015, you can add ‘health insurance’ to that list thanks to
a strategic sales and marketing initiative from MVP Health
Care and Colonie Center.
“It was a decision on our part to put a stake in the ground
about meeting people where they are,” said MVP Health
Care CEO Denise Gonick.
The integrated advertising and retail package included
on-mall advertising with column branding in the food
court as well as near the MVP Health Care unit, an
escalator wrap, floor decal, blade signs, large format
standees and iPad branding in the food court. Also
included were signature event sponsorship, a unique
community venue to use for events and placement of
their custom built HIPAA approved unit.
A DYNAMIC PRESENCE GOES BEYOND ADVERTISING
Shoppers can’t help but notice the brite red advertising of MVP Health Care as they walk thru
Colonie Center, but their presence is not just about advertising. MVP Health Care utilizes Colonie
Center as a community venue to interact with their target audience on a personal level.
UNIQUE COMMUNITY VENUE
SIGNATURE EVENT SPONSORSHIP
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Page 11
While MVP Health Care has a
strong presence in the Capital
Region, what they lack is an easily
accessible community venue to
conduct their outreach. Colonie
Center helps to fix this dilemma by
opening our doors for MVP Health
Care’s Striders Walking Club which
meets on a weekly basis.
Families shop Colonie Center and
our signature event programming
offers highly anticipated annual
events with free fun for the whole
family. Estimated attendence at
these events has proven to be
upwards of 2,000 people. Colonie
Center can put you right in the
middle of all the fun!
OFFERING EVEN MORE
Whether it’s a job fair, healthcare
expo or a place to park their
community outreach vehicle, MVP
Health Care always has a home at
Colonie Center. As a central location
and widely known landmark in the
region for the last 50-years, when
you’re at Colonie Center, your
audience knows where to find you.
Clifton Realty Management
WILLIAM L. CAPPELLETTI
Permanent Leasing
Clifton Realty Management
333 West Washington Street - Suite 600
Syracuse, NY 13202
C 315.200.1874 | F 315.471.1154
[email protected]
STEPHEN A. CASSELLA
Permanent Leasing
Clifton Realty Management
17 Woodcliff Drive
Madison, NJ 07940
C 201.694.3210
[email protected]
MARIE BELLINO
Specialty Leasing
Colonie Center
131 Colonie Center
Albany, NY 12205
O 518.459.9020 ext. 227
C 518.369.2967
[email protected]
www.shopatcoloniecenter.com
PETER FAIR
Senior Principal
Continuum Partners LLC
1400 16th Street
Suite 320
Denver, CO 80202
310.451.5225
[email protected]
www.continuumpartners.com
COLONIE CENTER
VIRTUAL TOUR
Click on the button
above to be taken
on a virtual tour of
Colonie Center. The
tour includes both
the first and second
levels as well as
exterior views and
360° access.