Louis Joliet Mall
Louis Joliet Mall
Joliet (Chicago), Illinois
Louis Joliet Mall may be the best-connected
center in the United States, both physically and
virtually. Located close to one of the country’s
national transportation hubs, it benefits from
and expands on Joliet’s explosive growth.
DOWNERS GROVE, IL
AURORA, IL
NAPERVILLE, IL
ORLAND PARK, IL
JOLIET, IL
But the center also interacts with its shoppers
in an innovative way, as home to the first “digital
tree” in the country. This cutting-edge technology
brings social media to the mall and gives our
three-county trade area more ways to connect.
It’s just another way Louis Joliet Mall is at the
center of everything.
Louis Joliet Mall
Joliet (Chicago), Illinois
10 MILES
•Enclosed single-level regional mall
• 40 miles southwest of Chicago, with easy
access via METRA Rail and freeways
•Draws from three-county region
•Only enclosed center in 14-mile radius
Property Description
major roads
I-55 and Highway 30
total sf
980,000
# of stores
95
# of parking
4,600
THE CENTER
T H E M A R K ET
center description
Enclosed, one-level center
anchors
Macy’s, JCPenney, Sears, Carson’s, and a Cinemark
14-screen theater
key tenants
H&M, Pink, Victoria’s Secret, Buckle, Pandora,
MC Sports, Francesca’s, Charlotte Russe, Maurices,
Rue 21, American Eagle Outfitters, Bath & Body
Works, Panera Bread, and Fridays
STA R WO O D Louis Joliet Mall
“A nationally recognized school system, exceptional
health care facilities, high quality and affordable
housing, and a rich cultural and artistic community”
— Joliet Chamber of Commerce
THE CENTER
T H E M A R K ET
STA R WO O D Louis Joliet Mall
•Strong specialty store mix including
the most in-demand tenants
•Children’s play space draws families
•Unique “digital” ficus tree brings
cyberspace to our space
•Multiple dining options at 400-plus
seat food court featuring cuisine from
around the globe
A Community Core For All
Located at high-trafficked corridor
of Interstate 55 (75,200 vehicles daily),
and Route 30 (34,400 cars daily)
Located in regional retail hub which
includes big box stores and open-air
centers
Center-court interactive “DigiTree,” a
ficus tree adorned with more than 100
LCD panels and LED pendants, displays
shopper selfies, community news, and
mall events, creating a new focal point
for the center.
Newly-opened retailers and restaurants
include Francesca’s and ConEcepts
THE CENTER
T H E M A R K ET
STA R WO O D Louis Joliet Mall
“For a great time, rain or shine, stop
by Louis Joliet Mall to grab a bite,
catch a movie, and treat yourself to
a first-class shopping experience.”
— City of Joliet
•Fourth largest city in Illinois
•Major Midwest transportation hub
•Joliet ranked #3 in total retail sales
of Chicagoland suburbs in 2015
(2016 Melaniphy Chicagoland Retail
Sales Report)
•Strong education and growing
tourism market
Shipping Giant
Employment dominated by
medical facilities, transportation,
logistics, and hospitality
Seat of Will County, among the
fastest-growing in the US
Largest inland container port in
North America
Des Plaines River Valley Enterprise
zone offers abatements and incentives
to business
THE CENTER
THE MARKET
Tourism center including The
Chicagoland Speedway, minor
league baseball, and casinos
Home to multiple colleges
and universities
STA R WO O D Louis Joliet Mall
•Population in Primary Trade Area rose
50% since 2000
•Nearly 1 in 2 households have children
under 18
• 1 in 3 households earn $100,000+
•Spending well above US average
THE CENTER
THE MARKET
STA R WO O D Louis Joliet Mall
Primary Trade Area
Average Household
Expenditures
$2,748 on food away from
home, 16% above US
$717 on home furnishings,
12% above US
$968 on sports and
recreation, 19% above US
$1,071 on personal care
products and services, 16%
above US
$2,180 on apparel, 19%
above US
Chicago Premium Outlets
AURORA
MUNICIPAL
AIRPORT
AURORA
Fox Valley Mall
I-55
30
CHICAGO
MIDWAY
AIRPORT
Chicago Premium Outlets
Driving – 19 mi, 39 min
Promenade Bolingbrook
34,400 AADT
Distance to Competition
Fox Valley Mall
Driving – 14 mi, 28 min
BOLINGBROOK
ORLAND PARK
Orland Square
Louis Joliet Mall
Orland Square
Driving – 19 mi, 38 min
Promenade Bolingbrook
Driving – 15 mi, 17 min
JOLIET
Caton Farm Road
16,300 AADT
North Essington Road
22,800 AADT
Legend
Primary Trade Area
I-55
75,200 AADT
Secondary Trade Area
Competition
Access Roads
(AADT= annual average
daily traffic)
3 MILES
THE CENTER
THE MARKET
STA R WO O D Louis Joliet Mall
m
18
i.
2,
52
1
10
ULTA Beauty (HQ)
Area Attractions
The Chicagoland
Speedway
s
I-55
D
ay
t
im
e
Em
pl
oy
ee
Silver Cross Field (minor
league baseball)
m
71
i.
,4
55
5
m
23
i.
,8
47
3
30
31
9
,
6
Harrah’s and Hollywood
Casinos
32
7
,
15
se
s
e
n
i
Bus
Rialto Square Theater
(named to National
Register of Historic Places)
s
Colleges
42
5
,
2
70,902
Louis Joliet Mall
Joliet Junior College
193,967
Residential Population
465,803
Lewis University
$87
,510
$85
,22
1
I-55
University of St. Francis
Rasmussen College
Ho
us
Combined enrollment: 25,100
eho
ld I
Will County Government
Silver Cross Hospital
nco
me
$94
,47
5
Presence Medical Center
Harrah’s Hotel & Casino
I-80
Legend
Demographics
Key Employers
Caterpillar Inc
3 MILES
Hollywood Casino
THE CENTER
THE MARKET
STA R WO O D Louis Joliet Mall
Demographics
Population
Population
By Race
PTA1
108,912
472,509
Growing Market, Rising Sales
2021 projection
369,914
110,781
480,695
% growth 2016–2021
1.7%
1.7%
1.7%
3.7%
Community of empty nesters
and new families
White
70%
94%
75%
71%
Black
13%
2%
11%
13%
Asian
5%
1%
4%
5%
24%
8%
20%
18%
36
39
36
38
% age 15-24
15%
14%
15%
14%
% age 25 to 44
27%
24%
27%
26%
% age 45 to 64
25%
29%
26%
26%
2016 estimate
118,122
37,867
155,989
2021 projection
119,816
38,395
158,211
45%
41%
44%
34%
$86,205
$94,102
$88,122
$77,135
32%
37%
33%
24%
$93,920
$102,584
$96,022
$83,619
60%
61%
60%
59%
2016 households with kids under 18
Average
Household
Income
2016 estimate
Education
% college educated
% earning $100,000+
2021 projection
1-MILE
business establishments
daytime employment
3-MILE
THE MARKET
STA R WO O D 5-MILE
10-MILE
367
2,542
6,931
15,732
5,343
23,847
71,455
182,521
1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area
THE CENTER
US Avg
363,597
Median Age
Business &
Employment
TTA3
2016 estimate
Hispanic Ethnicity
Households
STA2
Louis Joliet Mall
Nearly 200,000 people live within
five miles, 60% growth since 2000
Large concentration of upper-income
families
Will County recorded the largest
growth in retail sales among all
Chicago metro counties, a 20%
increase between 2007–2014
(Illinois Department of Revenue)
Joliet suburban communities
continued to rank #1 in the metro area
for total General Merchandise sales
(ahead of #2 Schaumburg in 2014)
(Illinois Department of Revenue)
From 2010 to 2013, Joliet was the
fastest-growing city in the Midwest
and the 12th-fastest-growing city in the
United States among cities with more
than 100,000 people
(City of Joliet)
Predominant Market Lifestyle Segments
THE CENTER
THE MARKET
STA R WO O D Louis Joliet Mall
Accumulated Wealth—34%
•Families & couples age 50+
•Upscale, college-educated
baby boomers
•Sprawling suburban homes
•Disposable cash and
sophisticated tastes
•Enjoy top-of-the-line
electronics, sporting
equipment, cars and
vacations
Young Accumulators—14%
•Married with large families
•Age 35 to 50
•Mix of upscale professional
and managerial jobs
•Fashioned comfortable,
upper-middle class lifestyles
•Favor outdoor activities,
team sports and kid-friendly
technology
Conservative Classics—11%
•Upper-middle-class age 55+
•Childless singles and couples
•College-educated
•Enjoy comforts of home,
gardening, reading, and
entertaining
•Frequent patrons to
museums, the theater, and
casual-dining restaurants
Cautious Traditionalists—10%
•Over 55 year-old mix of
singles and couples
•High rate of home ownership
•Fans of reading, home-based
hobbies and travel
•Enjoy eating out at family
restaurants
•Pursue entertainment outside
the home
Starwood Retail Partners: A New Kind Of Owner For A New
Generation Of Retail
Starwood Retail Partners is not your father’s — or your grandfather’s —
landlord. We’re acquiring, redeveloping, managing, leasing and
operating the next generation of shopping centers for a new
generation of shoppers: active, exciting community cores for an
increasingly interconnected consumer.
Owned by Starwood Capital Group, we’ve grown our portfolio to 30
centers in 16 states across the United States since our founding in 2012,
working with top-tier investment firms to help finance our properties,
and employing the talents and skills of the most creative professionals
in the business to maximize their value.
We build solid relationships and partner with our retailers to ensure
that they are in the right property at the right time, with the right deal
to support their success now and in the future. We invest in innovative
technologies that help our properties become more productive, our
stores more exciting and our shoppers more engaged.
We understand that ultimately, as an owner, as an employer and as a
citizen of our communities, it’s not about property, it’s about people.
California
Metreon
Northridge Mall
Parkway Plaza
Plaza West Covina
Solano Town Center
Illinois
The Arboretum of South Barrington
Chicago Ridge Mall
Louis Joliet Mall
The Promenade Bolingbrook
Colorado
Belmar
Connecticut
Blue Back Square
Florida
The Mall at Wellington Green
Westland Mall
Georgia
The Collection at Forsyth
North Carolina
Northlake Mall
Indiana
Southlake Mall
Ohio
Belden Village Mall
Franklin Park Mall
Great Northern Mall
SouthPark Mall
Kentucky
Hamburg Pavilion
Texas
The Shops at Willow Bend
Bryant Siragusa / National Director, Restaurants & Entertainment /
214.771.2003 / [email protected]
Michigan
Fairlane Town Center
The Mall at Partridge Creek
Virginia
MacArthur Center
Stony Point Fashion Park
Bill Cikalo / Director, Big Box Leasing & Development / 312.283.5121 /
[email protected]
Montana
Rimrock Mall
Washington
Capital Mall
Kitsap Mall
Naumann Idrees / Vice President, Leasing – West / 312.265.7046 /
[email protected]
Nebraska
Gateway Mall
Joe Nicchetta / Senior Director, Leasing / 312.242.3182 /
[email protected]
Ed Coury / Senior Vice President, Leasing / 312.242.3217 /
[email protected]
Sources: The Nielsen Company; State Department of Transportation; State and Local Economic Development Resources
Starwood Retail Partners
1 East Wacker Drive Suite 3600 Chicago, IL 60601
www.starwoodretail.com
11/09/16
THE CENTER
T H E M A R K ET
STA RWO O D
Louis Joliet Mall