Market Common Clarendon

Transcription

1 Market Common Clarendon arlington, virginia FOR LEASING INFORMATION, CONTACT: Lis a St o d d a r d l l l i s a.s t o d d a r b r e.c o m Kristen Braun l l CB Ri c h a r d El l i s l 750 9t h St r e e t, NW, Su i t e 900 l Wa s h i n g t o n, DC 20001

2 Area Map Lo c a t i o n: Av a i l a b i l i t y: Pr o j e c t: Me t r o Ac c e s s: 2800 Clarendon Blvd. Arlington, Virginia 2,000-7,167 SF 300,000 SF Retail 100,000 SF Office 87 Townhomes 300 Apartments Orange Line (2.5 blocks away) Approximately 9,260 riders per day Population Households Demographic Summary 1 Mile Growth 3 Mile Growth 5 Mile Growth , , , Projection 43, % 238, % 653, % , , , Projection 23, % 109, % 298, % Average HH Size Average HH Income Median Age 2009 $121,934 $120,972 $112, Daytime Population , , ,795 Education Attained (Bachelor s Degree and Higher) 71.30% 62.60% 56.90% Tr a f f i c Co u n t s : Clarendon Blvd: 13,000 VPD Wilson Blvd: 14,000 VPD M arket Common Clarendon is located in the Clarendon submarket of Arlington, Virginia. Clarendon is the heart of Arlington s nightlife and dining scene, as well one of the region s premier shopping destinations. Arlington s original urban village, Clarendon has maintained throughout its evolution a true international atmosphere and a commitment to both tradition and diversity. These qualities make it one of the most interesting neighborhoods in the Washington, D.C., area. One of the main attractions in the Clarendon community is The Market Common Clarendon. In addition to the 300,000 square feet of premier retail space, the project includes 300 Class A apartments, 87 townhomes, 100,000 square feet of office space and nearly 1,200 parking spaces. Visitors and residents are treated to exceptional stores and restaurants situated in an attractive, walkable, visually stimulating and architecturally timeless street front setting. Enjoying the characteristics commonly associated with 24- hour cities and surrounded by the upper income neighborhoods of Georgetown, Northwest Washington, Capitol Hill, Potomac, Maryland, McLean and Alexandria, Virginia. Clarendon boasts some of the strongest retail demographics in the country. The Market Common Clarendon has enhanced the overall work/live/ play environment of the community and includes popular shopping and service venues such as Pottery Barn, Williams-Sonoma, Barnes & Noble, Apple Computer, The Container Store, Free People, Eastern Mountain Sports, Lululemon, Jos. A. Bank Clothiers, Washington Sports Club, Crate & Barrel, Ann Taylor Loft, and South Moon Under, all with easy accessibility to the Orange line metro Clarendon Station (9,260 riders/day) CB Richard Ellis Group, Inc. The information in this package has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. 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. All marks displayed on this document are the property of their respective owners.

3 MARKET STATISTICS N JACKSON STREET The Clarendon Apartments - 4,100 SF Retail Apartments The Hartford - 15,617 SF Retail - 207,125 SF Of ce - 70 Condos 13TH STREET Clarendon Square - 12,500 SF Retail - 171,587 SF Of ce HIGHLAND STREET N FRANKLIN RD Clarendon Center - 42,000 SF Retail - 170,000 SF Of ce Apartments - Under Construction - Late 2010 Delivery N EDGEWOOD ST DANVILLE ST WILSON BLVD 14,000 VPD - 300,000 SF Retail Apartments - 87 Townhomes - 100,000 SF Of ce - 1,200 Parking Spaces Strong retail demographics including more than 230,000 residents with an average household income in excess of $120,000 within a three mile radius The Rosslyn-Ballston Corridor has the 2nd lowest retail vacancy rate (3.5%) of 23 major markets surveyed, ranging from 3.3% in Washington, DC to 27.5% in Orlando, Florida (NY Times, October 2009) 16.5% population growth since 2000 with an additional 8.5% growth expected through 2014 Waverly at Clarendon Station - 18,299 SF Retail Apartments - Zom Companies Estimated Delivery Olmstead Building - 45,138 SF Retail - 212,992 SF Of ce The Phoenix - 13,650 SF Retail - 74,475 SF Of ce - Post Of ce Condos WILSON BLVD 14,000 VPD 10TH STREET CLARENDON BLVD 14,199 VPD 11TH STREET N WASHINGTON BLVD N FILMORE ST Clarendon Condos Station Square - 37,000 SF Retail - 64,545 SF Of ce Condos Reserve at Clarendon Center - 14,089 SF Retail Condos ZoSo - 20,000 SF Retail Condos 12TH STREET 11TH STREET Approximately 261 residential units currently under construction and 420 housing units approved and in the Clarendon market (Arlington EDA) Clarendon Metro Station: Approximately 9,000 riders per day As of 3Q 2009, the Clarendon market has approved 101,945 SF of new of ce space and 62,103 SF of retail As of 2009, the Clarendon market consists of 1,344,190 SF of of ce space (excluding federally owned space) and 549,035 SF of retail space

4 Whole Foods 34,000 SF Pottery Barn 14,628 SF Williams- Sonoma 7,335 SF Apple Computer 6,309 SF Free People 2,457 SF Nola s For Hair 1,951 SF Chico s 2,338 SF Georgetown Valet 670 SF Origins 1,111 SF Ann Taylor Loft 5,545 SF South Moon Under 5,727 SF Clarendon Dental Arts 2,438 SF Barnes & Noble 27,069 SF OFFICE Baja Fresh 2,960 SF My Eye Doctor 1,527 SF Clarendon Blvd 13,000 VPD Crate & Barrel 36,851 SF Jos. A Bank 5,720 SF Meyer Emco (Space Available) 4,564 SF Eastern Mountain Sports 4,533 SF Lease Pending 1,183 SF Farinelli s 1,007 SF LuLu Lemon 3,030 SF Best Cellars 1,980 SF The Container Store 29,070 SF Lease Pending 2,114 sf To t a l Re t a i l SF: 300,000 SF The Papery 2,499 SF Orvis 4,001 SF Harry s Tap Room 9,577 SF To t a l Of f ic e SF: 100,000 SF North Filmore Street Total Residential Units : To t a l Pa r k i n g : 87 Townhomes 300 Ap a r t m e n t s Ov e r 1,300 Sp a c e s in two garages La Tasca 6,709 SF Palm Beach Tan 3,039 SF Space Available 2,001 SF (LOWER LEVEL) Ethan Allen Cheesecake Factory Washington Aqua Nails (UPPER LEVEL) 10,316 SF 12,598 SF Sports 770 SF Bertucci s Tandoori Club 20,400 SF 10/31/16 Leasing & Management (Space Available) 7,167 SF Nights 6,236 SF For Lea Lisa Stoddard lisa.stoddard@cbre

5 market common clarendon l 7 miles 7 miles 5 miles 5 miles 3 miles 3 miles asing Information, Contact: e.com arlington, virginia Kristen Braun kristen.braun@cbre.com