2899 Whiteford Rd. York, PA 17402

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Susquehanna Commerce Center 221 West Philadelphia Street Suite 19 | York, PA 17401 717.854.5357 | 717.854.5367 www.rockrealestate.net 2899 Whiteford Rd. York, PA 17402 PRIME ANCHOR SPACE IN REGIONAL MALL Benjamin M. Chiaro, CCIM | [email protected] Steve C. Clipman | [email protected] YORK COUNTY SPRINGETTSBURY TWP 81,308 SF prime anchor space (two-levels) in the York Galleria regional mall. Located at the Route 30 / Route 24 interchange, the location offers phenomenal visibility, strong daytime demographics, and is the dominant retail location in the market. Opportunities exist for anchor retail, entertainment, professional/medical office, or the potential to subdivide the space for multiple uses. Lease Price: Negotiable 1 Mile 3 Mile 5 Mile Population 4,827 50,543 128,525 Households 1,095 19,442 48,921 Avg. HH Income $65,141 $67,955 $63,441 Daytime Population 8,562 31,152 75,106 Traffic Counts 44,306 (Route 30) 14,220 (Route 24) Zoning Commercial Highway

Transcript of 2899 Whiteford Rd. York, PA 17402

Page 1: 2899 Whiteford Rd. York, PA 17402

Susquehanna Commerce Center | 221 West Philadelphia Street | Suite 19 | York, PA 17401

717.854.5357 | Fax: 717.854.5367 | www.rockrealestate.net

© 2013 ROCK Commercial Real Estate, LLC All Rights Reserved

Susquehanna Commerce Center

221 West Philadelphia Street

Suite 19 | York, PA 17401

717.854.5357 | 717.854.5367

www.rockrealestate.net

2899 Whiteford Rd.

York, PA 17402

PRIME ANCHOR SPACE IN REGIONAL MALL

Benjamin M. Chiaro, CCIM |

[email protected]

Steve C. Clipman |

[email protected]

YORK COUNTY

SPRINGETTSBURY TWP

81,308 SF prime anchor space

(two-levels) in the York Galleria

regional mall. Located at the

Route 30 / Route 24 interchange,

the location offers phenomenal

visibility, strong daytime

demographics, and is the

dominant retail location in the

market. Opportunities exist for

anchor retail, entertainment,

professional/medical office, or the

potential to subdivide the space

for multiple uses.

Lease Price: Negotiable

111,972 SF ON TWO LEVELS

York Galleria Mall

1 Mile 3 Mile 5 Mile

Population 4,827 50,543 128,525

Households 1,095 19,442 48,921

Avg. HH Income $65,141 $67,955 $63,441

Daytime Population 8,562 31,152 75,106

Traffic Counts 44,306 (Route 30)

14,220 (Route 24)

Zoning Commercial Highway

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Aerial View – Zoomed In

ABOUT THE YORK GALLERIA MALL

The York Galleria Mall is a 765,000 square foot

dominant two-level regional mall. The mall

features more than 90 specialty stores, is

conveniently accessible from the Route 30 and

Route 24 interchange, and is located in the

heart of one of York’s strongest business

corridors. Approximately 56% of the total retail

expenditures in York County are within a 10

mile radius of the site.

MALL TENANTS INCLUDE:

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Bird’s Eye View – Surrounding Retail

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Aerial View – Surrounding Retail

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York Galleria Mall Interior Photos

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Street Views

View from Rt. 30

View from Whiteford Rd.

Demographic Comparison

s

4,827 50,543 128,523 192,772 280,331 426,595

366 10,379 29,456 43,647 63,812 95,089

1,835 11,602 31,212 43,248 61,327 91,759

1,397 13,430 33,165 51,179 75,904 117,042

1,277 15,130 34,149 54,698 79,253 122,704

3,133 25,414 63,029 94,410 137,825 209,921

1,655 25,131 65,495 98,363 142,508 216,673

1,095 19,442 48,921 74,487 108,512 165,706

557 12,526 31,039 48,972 73,098 113,625

$65,141 $67,955 $63,441 $68,216 $68,023 $69,842

$20,082 $26,829 $24,593 $26,657 $26,568 $27,321

750 3,838 9,302 13,490 18,100 27,257

8,562 31,152 75,106 98,693 117,391 160,264

$485 M $1.0 B $1.7 B $2.4 B $2.8 B $4.0 B

York County is within one hour of Baltimore,

Harrisburg, Philadelphia and Gettysburg. The

mall is conveniently located at the intersection

of U.S. Route 30 (Lincoln Highway) and PA

Route 24 (Mt. Zion Road). Major transportation

road arteries I-83, I-81 and I-76 are within

minutes providing easy access from Harrisburg,

Baltimore, Philadelphia and Pittsburgh.

Approximately 56% of the total retail sales in York

County occur within a 10 mile radius of the site!

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Drive Time Map | 15, 30, 45 minutes

188,851 560,739 1,313,139

92,463 274,658 642,614

96,388 286,081 670,525

72,799 220,808 516,716

$66,593 $70,842 $73,695

$26,004 $28,034 $29,162

13,397 40,193 98,276

97,574 249,622 725,803

$2.4 B $6.4 B $16.3 B

York County is located in South Central Pennsylvania

and covers approximately 904 square miles of land and

6 square miles of water with a population of nearly

450,000 residents. The County is bordered on the south

by the state of Maryland, Lancaster County to the east,

Dauphin and Cumberland Counties to the north, and

Adams County to the west. York county was designated

as the fifth fastest growing county by total population

and number of new housing units in the state of

Pennsylvania from 2000-2010 according to the 2010

Census data.

The County has a rich industrial heritage which has

proven to be an ongoing component of the greater Mid-

Atlantic region. As a result of this industrial output the

county has developed a strong economic base which

has proven a catalyst for healthy and growth oriented

housing, retail, and office markets. Few markets

throughout the US offer similar economic features

making York County truly unique market for it’s

commercial and residential real estate.

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Market Comparisons | Central Pennsylvania Regional Malls

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York County Office Market | Offices 20,000 Square Feet +

Office buildings over

20,000 SF

The Galleria Mall

YORK COUNTY OFFICE MARKET OFFICES 20,000 SQUARE FEET +

The York County office market is made up of

1,186 buildings totaling approximately 11.6

million square feet (3.3 million square feet of

urban office space; 8.3 million square feet of

suburban office space). A further analysis

into York’s office market shows that there is

a demand for large, Class “A”, suburban

office space.

Currently, there are 110 existing office

buildings in York County that are over

20,000 square feet. These buildings total

approximately 5.75 million square

feet with a 7.7% vacancy rate.

• 56 (51%) of these buildings are

considered Class “A” facilities which total

2.9 million square feet with a 5.2%

vacancy rate.

• Only three of these Class “A”

facilities have more than 20,000

vacant square feet

• 32.7% of the total office buildings in

York County over 20,000 square feet are

located in the City of York.

• These urban office buildings

contribute to more than half of the overall vacancy in York’s

20,000 square foot+ office market.

Overview Map

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York County Office Market | Professional Offices 20,000 Square Feet +

YORK COUNTY OFFICE MARKET PROFESSIONAL OFFICES

20,000 SQUARE FEET +

The map to the left displays the locations of

professional office buildings located in

Central York County. The size of the symbols

represent the total gross square footage of

the buildings. The larger the symbol, the

larger the building.

Currently, there are 110 existing office

buildings in York County that are over

20,000 square feet. These buildings total

approximately 5.75 million square

feet with a 7.7% vacancy rate.

• Of the 110 existing office buildings over

20,000 square feet, approximately

62.7% of them are designated as

Professional Office.

• These Professional Office

buildings total 3.1 million

square feet with approximately

11.9% being vacant.

• There are 26 urban

Professional Office buildings

(1.3 million square

feet) with a 15.9%

vacancy rate.

• There are 43 suburban

Professional Office buildings

totaling 1.8 million

square feet. These

buildings currently have a

9.1% vacancy rate.

Building Size

Overview Map

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York County Office Market | Medical Offices 20,000 Square Feet +

YORK COUNTY OFFICE MARKET MEDICAL OFFICES

20,000 SQUARE FEET +

The map to the left displays the locations of

medical office buildings located in Central

York County. The size of the symbols

represent the total gross square footage of

the buildings. The larger the symbol, the

larger the building.

Currently, there are 110 existing office

buildings in York County that are over

20,000 square feet. These buildings total

approximately 5.75 million square

feet with a 7.7% vacancy rate.

• Of the 110 existing office buildings over

20,000 square feet, approximately

13.6% of them are designated as

Medical Office.

• These Medical Office buildings

total 1.2 million square feet

• Currently there is no vacant

space in any of these medical

office buildings

• There are 0 medical office

buildings over 20,000 square

feet located in the City of York

NOTE: The total square footage of medical

office buildings over 20,000 square feet do not

include the two major hospitals (Wellspan York

Hospital and Memorial Hospital).

York Hospital

Memorial Hospital

Future Memorial

Hospital

Overview Map

Building Size

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Floor Plan – Level 1

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Floor Plan – Level 2

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York Galleria – Site Plan

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Susquehanna Commerce Center | 221 West Philadelphia Street | Suite 19 | York, PA 17401

717.854.5357 | Fax: 717.854.5367 | www.rockrealestate.net

© 2013 ROCK Commercial Real Estate, LLC All Rights Reserved

Susquehanna Commerce Center

221 West Philadelphia Street

Suite 19 | York, PA 17401

717.854.5357 | 717.854.5367

www.rockrealestate.net

2899 Whiteford Rd.

York, PA 17402

PRIME ANCHOR SPACE IN REGIONAL MALL

Benjamin M. Chiaro, CCIM |

[email protected]

Steve C. Clipman |

[email protected]

YORK COUNTY

SPRINGETTSBURY TWP

111,972 SF prime anchor space

(two-levels) in the York Galleria

regional mall. Located at the

Route 30 / Route 24 interchange,

the location offers phenomenal

visibility, strong daytime

demographics, and is the

dominant retail location in the

market. Opportunities exist for

anchor retail, entertainment,

professional/medical office, or the

potential to subdivide the space

for multiple uses.

Lease Price: Negotiable

111,972 SF ON TWO LEVELS

York Galleria Mall

1 Mile 3 Mile 5 Mile

Population 4,827 50,543 128,525

Households 1,095 19,442 48,921

Avg. HH Income $65,141 $67,955 $63,441

Daytime Population 8,562 31,152 75,106

Traffic Counts 44,306 (Route 30)

14,220 (Route 24)

Zoning Commercial Shopping