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Merritt Park Shopping Center

Merritt Park Shopping Center - Artios Retail

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RETAIL SPACE FOR LEASE<strong>Merritt</strong> <strong>Park</strong> <strong>Shopping</strong> <strong>Center</strong>REMERCHANDISING ANDPROJECT REMODELINGFor leasing information, please contact Jamie Lanham or Richard Brigstockejlanham@artiosretail.com • rbrigstocke@artiosretail.com • 866-451-3967


RETAIL SPACE FOR LEASE<strong>Merritt</strong> <strong>Park</strong> <strong>Shopping</strong> <strong>Center</strong>REMERCHANDISING ANDPROJECT REMODELINGWELCOME TO MERRITT PARK SHOPPING CENTERThis iconic community gathering place forshopping and entertainment is in the midst of atransformation! Standing out from the myriadgrocery-anchored strip centers on the Dundalkcommunity peninsula is the renovated andreenergized <strong>Merritt</strong> <strong>Park</strong>.Continuing its long standing heritage within theamazing fabric of the Dundalk community sinceopening in 1960, the remodel of this propertycelebrates 1960 retail architecture and embraceswhat made local retailers the backbone ofAmerican business – its strong ties to the localcommunity they serve.<strong>Merritt</strong> <strong>Park</strong>’s strengths will be the reason you willnot only find your customers spending time andshopping at <strong>Merritt</strong> <strong>Park</strong>; it will be the reason youwill want to locate your store here. Three principalreasons for locating your store at this iconiccommunity-oriented property include:• The dominant, community-centric location• The new merchandising program built tocelebrate the local shopper• The area is densely populated and ourcustomer profile is “starved” for a new retailshopping environment targeted to theDundalk communityOriginal Construction: 1960Minor Renovation: 1998Total GLA: 140,500<strong>Park</strong>ing Spaces: 800+Availability: Spring 2013


RETAIL SPACE FOR LEASE<strong>Merritt</strong> <strong>Park</strong> <strong>Shopping</strong> <strong>Center</strong>REMERCHANDISING ANDPROJECT REMODELINGLOCATION: THE CENTER OF THE DUNDALK COMMUNITY<strong>Merritt</strong> <strong>Park</strong> is located in the center of the Dundalkcommunity at Dundalk’s highest combinedtrafficked intersection of <strong>Merritt</strong> Boulevard, Wiseand Holabird Avenues. This strategic locationboasts the following average daily traffic estimates:ADTsRoadwayPer Day EstimateDate ofEstimate<strong>Merritt</strong> Blvd 42,692 2010Holabird Ave 12,000 2002Wise Ave 26,721 1995JOHNS HOPKINS BAYVIEWMERRITT PARKWith the growth of Baltimore’s East side as a majoroffice destination at Harbor East, the growth ofthe Johns Hopkins Medical Campus and JohnsHopkins Bayview Medical <strong>Center</strong>, as well as theapartment and retail growth (new Target & HarrisTeeter project called Canton Crossing), HolabirdAvenue’s average daily traffic is projected torapidly increase. This roadway is the most directand quickest connection to Baltimore City.3.16 miles to Canton Crossing5.65 miles to Inner Harbor


RETAIL SPACE FOR LEASE<strong>Merritt</strong> <strong>Park</strong> <strong>Shopping</strong> <strong>Center</strong>REMERCHANDISING ANDPROJECT REMODELINGADJACENT DEMAND GENERATORS<strong>Merritt</strong> <strong>Park</strong> is at the center of life in Dundalk,adjacent to four important community gatheringplaces:• North Point Library, part of the BaltimoreCounty Public Library (BCPL) system, locatedon the <strong>Merritt</strong> <strong>Park</strong> campus with 482,753annual visitors• Community College of Baltimore County(CCBC) Dundalk Campus less than 0.5 milewith approximately 300 employees and 5,105students enrolled annually• Baltimore County Council GovernmentOffices for all districts and other services arehoused across <strong>Merritt</strong> Boulevard• Dundalk-Eastfield Recreation <strong>Park</strong>/Council<strong>Park</strong> and council offices – used by thecommunity in many ways including annualJuly 4th fireworks celebrations.Community College ofBaltimore - DundalkHOLABIRD AVENUE<strong>Merritt</strong> <strong>Park</strong><strong>Shopping</strong> <strong>Center</strong>Baltimore County CouncilGovernment OfficesMERRITT BOULEVARDDundalk-EastfieldRecreation <strong>Park</strong> CouncilNorth Point LibraryWISE AVENUE


RETAIL SPACE FOR LEASE<strong>Merritt</strong> <strong>Park</strong> <strong>Shopping</strong> <strong>Center</strong>REMERCHANDISING ANDPROJECT REMODELINGDUNDALK COMMUNITY CUSTOMER PROFILE2011 Demos 1 mile 3 milesPeninsula 30sq miPopulation 19,965 78,478 83,060Average HHI $60,360 $57,057 $58,627Number of Households 7,620 30,217 32,055Daytime Population 8,173 34,207 37,006Traffic Count MapThe Dundalk Peninsula Community is a denselypopulated, 30 square mile area bounded bybeautiful waterways: the Patapsco River to thewest, Chesapeake Bay to the south and Back Riverto the east.Merrit <strong>Park</strong> Trade Area - PennisulaArea: 30.04 Square MilesPrepared by Artios RetailNoteworthy is the growth of the “over $75,000”average household income group which currentlystands at a population of 6,623 and is projected togrow to 9,170 by 2017 - almost a 40% increase.Source: ©2012 Market Planning Solutions, Inc. Made with Esri Business AnalystDecember 03, 2012©2012 Esri www.esri.com/ba 800-447-9778 Try it Now! Page 1 of 1


RETAIL SPACE FOR LEASE<strong>Merritt</strong> <strong>Park</strong> <strong>Shopping</strong> <strong>Center</strong>REMERCHANDISING ANDPROJECT REMODELINGTHE DUNDALK CUSTOMER – TAPESTRY CUSTOMER PROFILE70% of the customer base shares the followingtraits:• Family-oriented – living in their homes forlong periods of time• Financially conservative – prefer credit unionsto banks• Few hold a mortgage and usually have asurprising net worth for this income category• Mortgages: In the three mile radius, almost40% of the homeowners do not hold a first orsecond mortgage on their home• Net Worth of one mile radius = $243,565• Net worth of three mile radius = $225,240• 87% of the population drive to work withindrive times of five to 30 minutes• Many receive investment income• Shop at JC Penny, Wal-Mart, Target & Kohls• Prefer the local beach as a vacation spot• Prefer watching football, baseball and goingto NASCAR races• Cable TV customers who prefer to watchsitcoms• Attempt small home improvement projectson their own• Lawn and gardening are important• Bowling, fishing and hunting are importantrecreation• Most have more than one (1) petAn easily definable and marketablecustomer profile for your business


RETAIL SPACE FOR LEASE<strong>Merritt</strong> <strong>Park</strong> <strong>Shopping</strong> <strong>Center</strong>REMERCHANDISING ANDPROJECT REMODELINGMERRITT PARK MERCHANDISING PROGRAMTHE MARKET AT MERRITT PARKA traditional farmer’s market meets farm focusedfast casual café and food offerings that would fillthis 1960 iconic “Penn Fruit” building. The originaltenant, Penn Fruit Company, used a market storeformat offering low prices focusing on farm freshproduce and local seafood as its specialties. Ournew market would return to these 1960 valuesoffering a value to our customer as we delivera market featuring 15-20 merchants and localfarmers from the Maryland and Pennsylvania area.“The Market at <strong>Merritt</strong> <strong>Park</strong>” would offer enticinggoods such as fresh produce, seafood, poultry andfresh meats, pastries of all kinds as well as a varietyof baked goods, bulk coffee and leaf teas, smokedmeats, candies and nuts, fresh plants and flowersas well as great gardening products. The Marketat <strong>Merritt</strong> <strong>Park</strong> would also have a comfortable areafor on premises dining and outdoor dining as wellas terrific take home food products featuring anItalian deli along with great Italian frozen and drygrocery products, specialty coffee, tea and fruitdrinks, homemade soups and salads, local seafoodspecialties and the best sandwiches made by localoperators.


RETAIL SPACE FOR LEASE<strong>Merritt</strong> <strong>Park</strong> <strong>Shopping</strong> <strong>Center</strong>REMERCHANDISING ANDPROJECT REMODELINGMERRITT PARK MERCHANDISING PROGRAMTHE MARKET AT MERRITT PARKThe Market at <strong>Merritt</strong> <strong>Park</strong> would also offer Wi-Fi for its guests and a great indoor and outdoorvenues for local community and businessmeetings, community special event gatheringsand entertainment and activities such as ouroutdoor movie nights as well as the annual July 4thextravaganza featuring the fireworks celebrationoccurring at nearby Dundalk-Eastfield <strong>Park</strong>.


RETAIL SPACE FOR LEASE<strong>Merritt</strong> <strong>Park</strong> <strong>Shopping</strong> <strong>Center</strong>REMERCHANDISING ANDPROJECT REMODELINGMERRITT PARK MERCHANDISING PROGRAMRestaurants and Fast Casual EateriesWe will seek local and regional restaurants andcafes that will reach the Dundalk Community withmenus that fill the void for restaurant offeringswithin the Dundalk Pennisula. Not to competewith the Market at <strong>Merritt</strong> <strong>Park</strong>, these pad and inlinefood options will answer the restaurant salesleakage that is occurring within this marketplace.Small to Large Store SpaceA few large store retail spaces of 10,000-25,000square feet as well as small store space between2,000 and 5,000 square feet are planned for theremerchandised and remodeled in-line space.


RETAIL SPACE FOR LEASE<strong>Merritt</strong> <strong>Park</strong> <strong>Shopping</strong> <strong>Center</strong>REMERCHANDISING ANDPROJECT REMODELINGMERRITT PARK MERCHANDISING PROGRAMMedical/Professional SpaceThe southern 16,000 square foot strip center will beleased as medical/professional space, increasingthe daytime customer density and connecting<strong>Merritt</strong> <strong>Park</strong> further to the Dundalk community.The 8,000 sf space, formerly a Johns Hopkins UrgentCare center, is already built out and demised. Theoffice is in excellent condition.FORMER JOHNS HOPKINS MEDICAL OFFICESFORMER JOHNSHOPKINSMEDICALOFFICESPROFESSIONALOFFICES


RETAIL SPACE FOR LEASE<strong>Merritt</strong> <strong>Park</strong> <strong>Shopping</strong> <strong>Center</strong>REMERCHANDISING ANDPROJECT REMODELINGPROPOSED SITE PLAN


RETAIL SPACE FOR LEASE<strong>Merritt</strong> <strong>Park</strong> <strong>Shopping</strong> <strong>Center</strong>REMERCHANDISING ANDPROJECT REMODELINGRETAIL COMPETITION89595123EASTERN AVE11HOLABIRD AVE64578MERRITT BLVD1014912131516NORTH POINT BLVD6958910111213141516MERRITT MANORHair Cuttery, Gold’s GymDUNDALK PLAZAPlanet Fitness, Save-a-Lot, AJWright, Advance Auto Parts,Ollie’s Bargain OutletGERMAN HILLSHOPPING CENTERGiant, Big Lots, AutozoneMarsDANVILLE SQUARESHOPPING CENTERPetsmart, Pep Boys, Aaron’sMERRITT POINTSHOPPING CENTERKids First Swim Schools, FamilyDollar, WachoviaMERRITT PARKSHOPPING CENTERRite-Aid, Radio Shack, <strong>Merritt</strong>SubsCVSLYNCH MANORSHOPPING CENTERMars, Dollar Tree12The Home DepotANCHOR SQUAREShoppers Food Warehouse3 OLD NORTHPOINT 5 EASTPOINT MALL6SHOPPING CENTERJCPenney, Burlington Coat Factory,K-MartSears, Staples, Value City, Party 7City, Checkers, Chick-Fil-A, DSW,4 EASTPOINTShoppers WorldSHOPPING CENTERGoodwillRoomStoreNORTHPOINTSHOPPING CENTERWalmart, Aldi, Bally’s TotalFitness, Flea Market


RETAIL SPACE FOR LEASE<strong>Merritt</strong> <strong>Park</strong> <strong>Shopping</strong> <strong>Center</strong>REMERCHANDISING ANDPROJECT REMODELINGREGIONAL MANAGEMENTRegional Management, Inc. is a Baltimore-based property management company with over 50years’ experience managing a variety of properties in Dundalk and the Baltimore metropolitan area.ARTIOS RETAILThe partners of Artios Retail each have 25 years of experience with redeveloping, merchandisingand leasing of shopping center and mixed use retail space throughout the United States. Artios isparticularly proud of its work in helping to save and reuse older buildings of character and historicsites for dynamic retail application. (www.ArtiosRetail.com)HORD COPLAN MACHTFounded in 1977 with the novel concept of a multi-disciplinary approach to design, Hord CoplanMacht is an architecture firm specializing in education, healthcare, landscape architecture, andmulti-family projects. (www.hcm2.com)BCT ARCHITECTSBCT, founded in 1969, is a creative multi-disciplined design studio specializing in all aspects ofmaster planning, architecture, interiors and graphics, and committed to adding value to our clients’projects through quality design. (www.brownandcraig.com)For leasing information, please contact Jamie Lanham or Richard Brigstockejlanham@artiosretail.com • rbrigstocke@artiosretail.com • 866-451-3967

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