THE WOODLANDS, TX · new in 2019. EXXON MOBILE CAMPUS WOODLANDS MALL Aggregated # of Annual...

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THE WOODLANDS, TX

Transcript of THE WOODLANDS, TX · new in 2019. EXXON MOBILE CAMPUS WOODLANDS MALL Aggregated # of Annual...

Page 1: THE WOODLANDS, TX · new in 2019. EXXON MOBILE CAMPUS WOODLANDS MALL Aggregated # of Annual Customer Visits > 131K 99K - 130K 66K - 98K 34K - 65K < 33K 25 MILES 15 MILES IAH

THE WOODLANDS, TX

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market streetTHE WOODLANDS, TX

Market Street is an open-air mixed-use destination in The Woodlands,

a picturesque submarket in North Houston. This financially robust

area is a national leader for population growth, expendable income,

education and net worth. Market Street is the hub around which

the communities north of Houston revolve boasting more than

350,000 SF of retail, inclusive of 16 F&B concepts, a 5-screen luxury

cinema, a boutique hotel, more than 110,000 SF of Class-A office,

and its recently renovated central public park, which included new

shade structures, deck, soft seating, interactive public art, and turf

conversion.

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*INDICATES FIRST TO HOUSTON MARKET STORE

BLUEMERCURYBONOBOSCINEMARK DRYBAR

HYATT CENTRIC HOTEL J CREW

J. MCLAUGHLINJOHNNY WAS*

KENDRA SCOTT L’OCCITANE

LOUIS VUITTONLULULEMONMADEWELL

MADISON REEDTHOMAS MARKLE FINE JEWELER

(Authorized Rolex Dealer)

TIFFANY & CO.TOMMY BAHAMA

TORY BURCHTRUE FOOD KITCHEN

VINEYARD VINES* WARBY PARKER

WOODHOUSE DAY SPA

tenant mix

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retail collection

new in 2019

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EXXONMOBILE CAMPUS

WOODLANDS MALL

Aggregated # of Annual Customer Visits

> 131K

99K - 130K

66K - 98K

34K - 65K

< 33K

25 MILES 15 MILES

IAH AIRPORT

market street trade area map(Trade area density map provided by Placer.AI - January 2020)

HOUSTON GALLERIA

TRADE AREAINFORMATION

MARKET STREETTRADE AREA

HOUSTONMSA

Avg. HH Income $94,421 $92,195

HH Inc $100K+%

475,928 32.7%

824,26911.7%

HH Inc $150K+ %

236,929 16.3%

433,540 6.2%

HH Inc $200K+ %

131,346 9%

255,7973.6%

Population

Drive time from Market Street to Houston Galleria

1,455,108

40 minutes 35 miles

7,026,738

(Sources: Placer.AI, 2020; BLS, 2019)

MARKETSTREET

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trade area growthTRADE AREA GROWTH SINCE 2017

TRADE AREAS

01/01/2017 - 01/01/2018

01/01/2018 - 01/01/2019

01/01/2019 - 01/01/2020

5 MILES 20 MILES 30 MILESMARKETSTREET

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demographicsMarket Street is the “sweet spot” of higher income shoppers. trade area

20 milePopulation: 1,783,548

Avg. HH Income: $94,421

HHI $150K+%: 17.4%

Median Age: 34.2

Population: 1,455,108

Avg. HH Income: $94K

HHI $150K+: 16.3%

Median Age: 34 Source: Placer.AI, 2020

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our shopperTHE AFFLUENT CUSTOMER

MARKET STREET IS THE DEFINITIVE SHOPPING DESTINATION AMONG WELL-HEELED, HIGH-INCOME SHOPPERS.

Market Street is the most frequently shopped center by residents

in the higher-Income segments of $100k+. More visits mean more

opportunities for sales and customer engagement, which in turn

leads to higher revenues.

Market Street - Woodlands Woodlands Mall

% of Visits | 01/01/2019 - 12/31/2019

Source: Placer.AI, 2020

Average Household-Income (USD)

% of Visits | Jan 1, 2019 - Dec 31, 2019Data provided by Placer Labs Inc. (www.placer.ai)

<10K 10K -15K

15K -20K

20K -25K

25K -30K

30K -35K

35K -40K

40K -45K

45K -50K

50K -60K

60K -75K

75K -100K

100K -125K

125K -150K

150K -200K

>200K0%

10%

20%

30%

% o

f Cus

tom

ers

Market Street Woodlands / Six Pines Dr

Woodlands Mall - Main Shopping Area / Lake Woodlands Drive

AVERAGE HOUSEHOLD INCOME (USD)

Average Household-Income (USD)

% of Visits | Jan 1, 2019 - Dec 31, 2019Data provided by Placer Labs Inc. (www.placer.ai)

<10K 10K -15K

15K -20K

20K -25K

25K -30K

30K -35K

35K -40K

40K -45K

45K -50K

50K -60K

60K -75K

75K -100K

100K -125K

125K -150K

150K -200K

>200K0%

10%

20%

30%

% o

f Cus

tom

ers

Market Street Woodlands / Six Pines Dr

Woodlands Mall - Main Shopping Area / Lake Woodlands Drive

20.5%

17.5%

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LUXURY CARS & AN AFFINITY FOR UPSCALE LIFESTYLE• There are 12 luxury dealerships within 15 miles of Market Street, including Porsche, BMW, Ferrari, Lamborghini, Mercedes, Jaguar, and Tesla.• The greater Woodlands area has registered 11,889 luxury vehicles.• Luxury vehicle registrations represent over 14% of total vehicle registrations.

market street submarket

FAST FACTS• There are only 2 anchored centers within 20 minutes of Market Street, compared to an average of 10 for other luxury centers.• 2nd lowest cost of living among United States’ 20 largest metro areas.• The Woodlands ranked as 6th best city to live in America in 2017 according to Niche.

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MEDICAL CENTER OF THE NORTH• The Woodlands is currently home to five major hospitals. These include some of the United States’ premier healthcare providers: Texas Children’s Hospital and Houston Methodist.• MD Anderson Cancer Centers recently opened a new outpatient facility in The Woodlands in October 2019.• With Houston’s medical industry recognized as America’s de facto Healthcare Capital of the U.S., The Woodlands is uniquely poised to become the region’s next medical hub.

the woodlands medical district

INDUSTRY FACTS• The area’s medical industry has doubled in size in the past five years.• 1/4 of all employment in the region is based in the medical industry.• Nearly 1,000 hospital beds in The Woodlands• Fastest growing industry in The Woodlands

231 sta�ed bedsAverage stay (days): 4.87

3.9 miles from Market Street

30 sta�ed bedsAverage stay (days): 2.2

3.61 sta�ed beds

351 sta�ed beds1.1 miles from Market Street

139 sta�ed bedsAverage stay (days): 3.1

3.6 sta�ed beds

3.6 Miles from Market Street

CHI ST. LUKE’S LAKESIDE

houston is the healthcare capital of the U.S.

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international consumersINSIGHTS OF LATIN AMERICAN CONSUMERS

• Nearly 1/4 of The Woodlands’ customers are Hispanic,

with a sizable portion being wealthy Mexican expats.

• International residents made up 10% of all new

residents in Montgomery County, where Market Street

is located, in 2017.

• Wealthy Mexican nationals enjoy a leisure-oriented

culture, with out-of-town family and friends visiting

several times each year.

• These visitors’ primary interests are shopping, eating

and entertainment. Their expenditures are significant,

between $7,000-$10,000, and allows access

to brands they otherwise don’t possess.

• Hotel tax revenue increased 36% from 2012-2016,

indicating a sharp rise in tourism dollars spent in The

Woodlands’ economy.

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economic growthUNPRECEDENTED COMMERCIAL ACTIVITY & EDUCATION

• The Woodlands’ economic base is well diversified with over 4,000

employers, including all sectors, located in the area. These businesses

range from owner-operated establishments to global corporate

headquarters.

• With over 61% of the population having a Bachelor’s Degree or higher,

The Woodlands offers a lifetime of education from preschool through

primary with three independent school districts and numerous private

and college preparatory institutions.

• The Woodlands’ energy sector represents 25% of the major employer’s

total jobs with over 9,000 employees. The second largest industry, and

fastest growing sector is Healthcare with 24% of our major employer’s

jobs representing over 8,500 employees.

• The Woodlands is home to a variety of leading companies, including

Anadarko Petroleum Corporation, Alight Solutions, Chevron Phillips

Chemical Company, CHI St. Luke’s Health – The Woodlands Hospital,

ExxonMobil, Huntsman Corporation, McKesson Specialty Health,

Memorial Hermann The Woodlands Medical Center and Repsol USA.

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energy capital

• In 2014 Exxon opened its new headquarters in The

Woodlands with more than 10,000 employees and an

additional 1,200 people joined the campus in 2018.

• Exxon’s headquarters resulted in an addition of more than

40,000 jobs in retail, housing, restaurant, building trade and

service industries.

• 20 of the nation’s top 145 publicly traded oil and gas

companies are based in The Woodlands, including 11 of the

largest 25 that call Houston home.

• Additional Fortune 500 companies that call The Woodlands

home include Anadarko, Chevron Phillips, Baker Hughes,

Huntsman, and Halliburton.

• Market Street’s trade area supports 85,000 high-paying energy

engineering jobs. The average salary for this position in

the Houston market is $85,000.

FORTUNE 500 EXXON’S $1 BILLION INVESTMENT IN THE WOODLANDS

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marketing &

e v e n t s

MARKET STREET DIGITAL STATS

9.3M ANNUAL SOCIAL

IMPRESSIONS

709KANNUAL WEBSITE

VISITORS

PROPERTY EVENT STATS

30.5K+ ANNUAL EVENT ATTENDANCE

25+ EVENTS(SUMMER CONCERTS, FOURTH OF JULY PARADE,

TREE LIGHTING AND MORE)

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longterminvestmentMARKET STREET WOODLANDS DEBUTED RENOVATIONS SPRING 2019

• Enhanced pedestrian pathways with contemporary lighting, landscaping and paving throughout.

• Additional enhancements include new shade structures, deck, soft seating, interactive public art,

and turf conversion.

• Market Street is positioned as the definitive shopping destination for North Houston.

MARKET STREET’S RENOVATED GREEN SPACE MARKET STREET’S RENOVATED GREEN SPACE

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9595 Six Pines Drive | The Woodlands, Texas 77380

This award-winning property was developed by Trademark Property Company, who oversees development,

management, and leasing. In 2008, Miller Capital Advisory, Inc., purchased Market Street Woodlands. MCA is a vested

stakeholder with a long-term investment strategy and commitment to continually improving investment properties,

having spent more than $30M in improvements over the last ten years. Miller Capital’s lasting commitment to

Market Street was further demonstrated with a more than $5 million renovation in 2019.

Miller Capital specializes in fashion-oriented lifestyle properties across the United States. Investments include:

• Houston Galleria • Market Street - The Woodlands

• The Westchester • Rockingham Park

• Scottsdale Fashion Square • Fashion Centre at Pentagon City

• Oakbrook Center • Kierland Commons

• The Summit • Ala Moana

Trademark is a full service real estate firm focused on investments, development and institutional services.

KAITLIN [email protected] | 817.810.5328

JODIE [email protected] | 832.592.1033

SOOZAN [email protected] | 646.478.7574

Trademark Property Co. 1701 River Run | Suite 500 Fort Worth, TX 76107