RETAIL SPACE FOR LEASE Merritt Park Shopping...

Merritt Park Shopping CenterR E T A I L S P A C E F O R L E A S E

R E M E R C H A N D I S I N G A N DP R O J E C T R E M O D E L I N G

For leasing information, please contact Jamie Lanham or Richard [email protected] • [email protected] • 866-451-3967

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This iconic community gathering place for shopping and entertainment is in the midst of a transformation! Standing out from the myriad grocery-anchored strip centers on the Dundalk community peninsula is the renovated and reenergized Merritt Park.

Continuing its long standing heritage within the amazing fabric of the Dundalk community since opening in 1960, the remodel of this property celebrates 1960 retail architecture and embraces what made local retailers the backbone of American business – its strong ties to the local community they serve.

Merritt Park’s strengths will be the reason you will not only find your customers spending time and shopping at Merritt Park; it will be the reason you will want to locate your store here. Three principal reasons for locating your store at this iconic community-oriented property include:

•The dominant, community-centric location•The new merchandising program built to

celebrate the local shopper•The area is densely populated and our

customer profile is “starved” for a new retail shopping environment targeted to the Dundalk community

W E L C O M E T O M E R R I T T PA R k S H O P P I N G C E N T E R

Original Construction: 1960Major Renovation: 2014Total GLA: 150,000Parking Spaces: 800+Availability: Now



Merritt Park is located in the center of the Dundalk community at Dundalk’s highest combined trafficked intersection of Merritt Boulevard, Wise and Holabird Avenues. This strategic location boasts the following average daily traffic estimates:

L O c AT I O n : T h E c E n T E R O f T h E D U n D A L k c O M M U n I T y

ADTs

Roadway Per Day Estimate Date of Estimate

Merritt Blvd 41,262 2007Holabird Ave 12,000 2002

Wise Ave 26,721 1995

With the growth of Baltimore’s East side as a major office destination at Harbor East, the growth of the Johns Hopkins Medical Campus and Johns Hopkins Bayview Medical Center, as well as the apartment and retail growth (new Target & Harris Teeter project called Canton Crossing) and the new one million square foot Amazon distribution center, Holabird Avenue’s average daily traffic is projected to rapidly increase. This roadway is the most direct and quickest connection to Baltimore City.

MERRITT PARK

3.16 miles to Canton Crossing 5.65 miles to Inner Harbor

JOHNS HOPKINS BAYVIEW



Merritt Park is at the center of life in Dundalk, adjacent to four important community gathering places:

•North Point Library, part of the Baltimore County Public Library (BCPL) system, located on the Merritt Park campus with 482,753 annual visitors

•Community College of Baltimore County (CCBC) Dundalk Campus less than 0.5 mile with approximately 300 employees and 5,105 students enrolled annually

•Baltimore County Council Government Offices for all districts and other services are housed across Merritt Boulevard

•Dundalk-Eastfield Recreation Park/Council Park and council offices – used by the community in many ways including annual July 4th fireworks celebrations.

A D J A C E N T D E M A N D G E N E R AT O R S

HOLABIRD AVENUE

Merritt Park Shopping Center

Community College of Baltimore - Dundalk

Dundalk-EastfieldRecreation Park Council

Baltimore County CouncilGovernment Offices

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North Point Library



D U n D A L k c O M M U n I T y c U s T O M E R p R O f I L E

2011 Demos 1 mile 3 miles Peninsula 30 sq mi

Population 19,965 78,478 83,060Average HHI $60,360 $57,057 $58,627

Number of Households 7,620 30,217 32,055Daytime Population 8,173 34,207 37,006

The Dundalk Peninsula Community is a densely populated, 30 square mile area bounded by beautiful waterways: the Patapsco River to the west, Chesapeake Bay to the south and Back River to the east.

Noteworthy is the growth of the “over $75,000” average household income group which currently stands at a population of 6,623 and is projected to grow to 9,170 by 2017 - almost a 40% increase.

Traffic Count MapMerrit Park Trade Area - Pennisula Prepared by Artios RetailArea: 30.04 Square Miles

December 03, 2012

Made with Esri Business Analyst©2012 Esri www.esri.com/ba 800-447-9778 Try it Now! Page 1 of 1

Source: ©2012 Market Planning Solutions, Inc.



70% of the customer base shares the following traits:

•Family-oriented – living in their homes for long periods of time

•Financially conservative – prefer credit unions to banks

•Few hold a mortgage and usually have a surprising net worth for this income category

•Mortgages: In the three mile radius, almost 40% of the homeowners do not hold a first or second 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 within

drive 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 going

to NASCAR races••CableTVcustomerswhoprefertowatch

sitcoms•Attempt small home improvement projects

on their own•Lawn and gardening are important•Bowling, fishing and hunting are important

recreation•Most have more than one (1) pet

T h E D U n D A L k c U s T O M E R – TA p E s T R y c U s T O M E R p R O f I L EAn EAsILy DEfInABLE AnD

MARkETABLE cUsTOMER pROfILE fOR yOUR BUsInEss



IcOnIc pEnn fRUIT BUILDIngThe original tenant, Penn Fruit Company, used a market store format offering low prices and great produce and dry goods with a focus on local seafood. This iconic building is a great 17,000 SF space offering that will enhance any tenant’s trade name.

The large domed roof and spacious glass store front would be perfect for many uses such as a small organic grocer, large wine/beer and spirits store, or even a great athletic club.

M E R R I T T PA R k M E R C H A N D I S I N G P R O G R A M



LARgE spAcE AnD pAD InVEnTORyMerritt Park provides a host of large and junior box space options that have been difficult to find in this marketplace. In this brochure, there are three options that will show the creation of large spaces of 11,000 SF, 17,000 SF former Penn Fruit Building and one large space up to 60,000 square feet that can be demised.

Along with these great large space options, Merritt Park will have many pad locations available. From the former Firestone building to new ground lease sites, Merritt Park is a project with many space options for great retail.

Kicking off this pad retail activity, Rite Aid’s new pad will open in the Fall of 2014 and Texas Roadhouse Restaurant’s iconic pad building will open in the late Spring / early Summer of 2015.


OpEnIng spRIng/sUMMER 2015



REsTAURAnTs & fAsT cAsUAL EATERIEsLocal and regional restaurants and cafes that will reach the Dundalk Community with menus that fill the void for restaurant offersings within the Dundalk, Edgemere and North Point Peninsula. These pad and in-line food options will answer the restaurant sales leakage that is occurring within this marketplace.




AMAZONAmazon, the Fortune 500 online retail company, is building a new million square foot warehouse center in the Port of Baltimore, opening in the fourth quarter of 2014. With it comes 1,000 full-time jobs that pay up to 30 percent more than traditional retail jobs, according to the employer. Baltimore is one of eight new locations where the company sees a large consumer base that allows Amazon the opportunity to offer one-day shipping.

This will also be a major boon to the area. The Amazon site is directly connected to Merritt Park, just two miles west via Holabird Avenue. The project is being built by Duke Realty and has funding from the State of Maryland.

MERRITT PARKAmazon Warehouse




MEDICAL/PROFESSIONAL SPACEThe southern 16,000 square foot strip center will be leased as medical/professional space, increasing the daytime customer density and connecting Merritt Park further to the Dundalk community.


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Merritt Park Shopping

CenterMERRITT BOULEVARD

Medical/Professional

Space



P R O P O S E D M E R C H A N D I S I N G P L A N - O P T I O N A



P R O P O S E D M E R C H A N D I S I N G P L A N - O P T I O N B



P R O P O S E D M E R C H A N D I S I N G P L A N - O P T I O N C



R E TA I L C O M P E T I T I O N

M E R R I T T M A N O RAmp, Hair Cuttery, Gold’s GymD U n D A L k p L A z APlanet Fitness, Save-a-Lot, AJ Wright, Advance Auto Parts, Ol-lie’s Bargain OutletG E R M A N H I L L S H O P P I N G C E N T E RGiant, Big Lots, AutozoneMarsD A n V I L L E s q U A R E S H O P P I N G C E N T E RPetsmart, Pep Boys, Aaron’sM E R R I T T P O I N T S H O P P I N G C E N T E RKids First Swim Schools, Family Dollar, WachoviaM E R R I T T PA R k S H O P P I N G C E N T E RMerritt Subs, Rite-Aid, Radio Shack

CVSLy n c h M A n O R S H O P P I N G C E N T E RMars, Dollar Tree

The Home DepotA n c h O R s q U A R EShoppers Food Warehouse

O L D N O R T H P O I N T S H O P P I N G C E N T E RK-MartE A S T P O I N T S H O P P I N G C E N T E RGoodwill

E A S T P O I N T M A L LJCPenney, Burlington Coat Factory, Sears, Staples, Value City, Party City, Checkers, Chick-Fil-A, DSW, Shoppers World

RoomStoreN O R T H P O I N T S H O P P I N G C E N T E RWalmart, Aldi, Bally’s Total Fitness, Flea Market

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EASTERN AVE

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R E G I O N A L M A N A G E M E N TRegional Management, Inc. is a Baltimore-based property management company with over 50 years’ experience managing a variety of properties in Dundalk and the Baltimore metropolitan area.

A R T I O S R E TA I LThe partners of Artios Retail each have 25 years of experience with redeveloping, merchandising and leasing of shopping center and mixed use retail space throughout the United States. Artios is particularly proud of its work in helping to save and reuse older buildings of character and historic sites for dynamic retail application. (www.ArtiosRetail.com)

H O R D C O P L A N M A C H T Founded in 1977 with the novel concept of a multi-disciplinary approach to design, Hord Coplan Macht is an architecture firm specializing in education, healthcare, landscape architecture, and multi-family projects. (www.hcm2.com)

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