2017 Lease Package - LoopNet

UNION PLAZA SR 224 and INTERSTATE 376

New Castle, Pennsylvania

Anchored by Lowe’s, Tractor Supply, Dunham’s Sports, Aldi’s and Sears Auto Center

.

56,000 S.F. Box Immediately Available – Will Divide 89,000 S.F. Box Immediately Available – Will Divide

Existing Development: 388,600 SF Total Development Potential: 440,000 SF

A McCLURE COMPANY, INC. VENTURE (727) 821-0170 (office)

(727) 823-1922 (fax) [email protected]

UNION PLAZA – NEW CASTLE, PENNSYLVANIA

The following is information on a great opportunity to open your store in a large 56,000 sf box (can be divided) which is located in an expanding regional corridor. A Dunham’s Sports has taken 38,000 square feet of the former 94,000 sf Ames box. Union Plaza currently has a total GLA of 365,000 sf and is anchored by ALDI’S (19,000 sf), LOWE’S (136,000 sf), TRACTOR SUPPLY (25,000+ sf) and DUNHAM’S (38,000 sf). An additional 90,000 sf of anchor pads and small shop space are approved for future expansion. Over 1,600 parking spaces are currently in place. Hampton Inn, Wendy’s, Bob Evans and Sheetz are on the outparcels. An Aldi’s will be located on an outparcel.

Union Plaza is located at the northwest corner of Interstate 376 and SR 224. Since the expansion of I-376 connecting New Castle to Pittsburgh, New Castle has become a bedroom community to the Pittsburgh market. The next five years are projected to show an increase in new home construction in the area to meet the demand of the influx of new residents due to the $1.5 billion Shell Oil plant under development in Beaver. The strategic location and the proximity to Interstate 79 and Interstate 80 have made this a regional commercial corridor serving over 266,000 people in a 15-mile radius.

The SR 224 commercial corridor encompasses over 950,000 square feet of retail stores. Across the street from Union Plaza is a 325,000 sf shopping center anchored by a 24-hour WAL-MART SUPERSTORE (210,000 sf), STAPLES, PETCO and HARBOR FREIGHT. Other anchors in the corridor include SHOP N SAVE GROCERY (60,000 sf), 84 LUMBER, and CINEMA 9 (see competition map for further details).

A welcomed addition to the corridor is the Butler Community College Campus. BCC opened in 2009 with future expansion opportunities. Also, a Hampton Inn complete with conference rooms and pool opened in 2010 on an outparcel at Union Plaza. Holiday Inn Express is opened in 2017.

I look forward to discussing this exceptional opportunity to lease a large box or part of the box that is in good condition in a relatively new retail corridor. I have enclosed aerials, fact sheet, demographics, site plan, building frontal and competition map for you further review.

Sincerely,

J. Richard McClure

UNION PLAZA FACT SHEET

LOCATION: NWC of Interstate 376 and SR 224 in the City of New Castle, Pennsylvania, Union Township, Lawrence County. Approximately 45 minutes’ drive north from Pittsburgh on Interstate 376 or I-79, ten miles east of the Ohio border on SR 224, fifteen miles south of I-80 and twelve miles west of I-79.

SIZE: Approximately 228,282 sf existing. Additional expansion up to

approximately 90,000 sf and 3 additional outparcels available for development. Property contains approximately 50+ acres.

AGE: 1997. Lowe’s opened July 2001. TENANTS: Sears (vacant): 89,000 sf

Sears Auto: 9,860 sf Tractor Supply: 25,063 sf Dunham’s: 37,755 sf Ames (vacant): 56,466 sf Bob Evans: (not owned by Union Plaza) Wendy’s: 3,500 sf Hampton Inn: (not owned by Union Plaza)

Lowe’s: 135,000 sf (Shadow Anchor)

OTHER RETAILERS: Union Square (across street): Wal-Mart Supercenter (24 hour),

Staples, Famous Footwear, Payless, Arby’s, Ruby Tuesday, King’s Restaurant, McDonald’s, Peoples Bank, Wells Fargo, Sally Beauty, Dollar Tree, GNC, King’s Jewelry, Petsmart, Aspen Dental, Harbor Freight, Verizon and T-Mobile.

In Corridor: Shop N Save (new 60,000 sf), Dollar General, Auto

Zone, 84 Lumber, Advance Auto, Wine & Spirits, Cinema 9, First Choice Federal Credit, Sherwin Williams, First Federal Bank and Ruby Tuesday.

VISIBILITY: Excellent visibility from Interstate 376 and SR 224. TRAFFIC LIGHTS: Full lights in place at entrance with turn lanes and left hand turn arrows. PARKING: 1,650 existing. RESIDENTIAL: A 180 unit condominium development opened behind the Wal-

Mart in 2001. Hampton Inn and Holiday Inn Express are new to the corridor.

AERIAL LEGEND

1. WESTGATE PLAZA: 220,000 square feet on 23 acres. Renovated. Tenants include a

60,000+ square foot Shop N Save, Home Comfort Center, Revco, Westgate Cinema 9,

Hallmark Crown and Wine & Spirits. Outparcel is a First Federal Bank. New apartment

building is adjacent.

2. Auto Zone

Sherwin Williams

3. Crossroads Mini-Mart, Bill’s Sandwich Shop, New York Bagel, Pizza Joe’s

Bingo’s Bar/Restaurant/Banquet, Subway

4. Pennsylvania Power Company Office

5. Burger King, New First Choice Federal Credit Union, Dollar General, Union Area Grade-

Elementary- Jr.- Sr. High School.

6. 180 unit apartment/condominium development.

7. UNION SQUARE SHOPPING CENTER: A 325,000 square foot shopping center

anchored by a 210,000 square foot 24 hour Wal-Mart Superstore, Staples, and Famous

Footwear. Other tenants include Payless Shoes, King’s Jewelry, King’s Buffet, Kim

Nails, Sally Beauty, Dollar Tree, GNC, Famous Hair, Cellular One, Men’s Wear,

Physical Therapy, Wells Fargo, Rent A Center, Petsmart and Harbor Freight.

8. UNION SQUARE OUTPARCELS: Ruby Tuesdays, McDonalds, King’s Family

Restaurant, Arby’s and First Commonwealth Bank and Aspen Dental. Advance Auto is

on the corner.

9. New 84 Lumber, Woodmere China Headquarters

10. Approximately ¼ mile west: New Castle Airport, and a new 80 unit townhouse

development.

11. New 30 acre condo development.

12. Butler County Community College.

13. Newly-approved Harness Racing and Casino complex site.

14. Industrial complex under construction. New Trade school opening.

AERIAL LEGEND

1. WESTGATE PLAZA: 220,000 square feet on 23 acres. Renovated. Tenants include a 60,000+ square

foot Shop N Save, Home Comfort Center, Revco, Westgate Cinema 9, Hallmark Crown and Wine &

Spirits. Outparcel is a First Federal Bank.. New Apartment building is adjacent.

2. Auto Zone, Shad’s Westside Restaurant, Sherwin Williams

3. Crossroads Mini-Mart, Bill’s Sandwich Shop, New York Bagel, Pizza Joe’s, Bingo’s Bar/Restaurant/Banquet, Subway

4. Pennsylvania Power Company Office

5 Burger King, New First Choice Federal Credit Union, Dollar General, Union Area Grade-Elementary-Jr.-Sr. High School

6. 180-unit apartment/condominium development.

7. UNION SQUARE SHOPPING CENTER: A 325,000 square foot shopping center anchored by a

210,000 square foot 24 hour Wal-Mart Superstore, Staples, and Famous Footwear. Other tenants

include Payless Shoes, King’s Jewelry, King’s Buffet, Kim Nails, Sally Beauty, Dollar Tree, GNC,

Famous Hair, Cellular One, Men’s Wear, Physical Therapy, Wells Fargo, Rent A Center and Harbor

Freight.

8. UNION SQUARE OUTPARCELS: Ruby Tuesdays, McDonalds, King’s Family Restaurant, Arby’s,

First Commonwealth Bank and Aspen Dental. Advance Auto is on the corner.

9. New 84 Lumber, Woodmere China Headquarters and Holiday Inn Express

10. Approximately ¼ mile: New Castle Airport and an 80 unit townhouse development.

11. 30-acre condo development.

12. Butler County Community College.

13. Pending Harness Racing and Casino complex site.

14. Industrial complex. Trade school.