Westland Mall Hialeah, (Miami) Florida

Westland Mall Hialeah, (Miami) Florida

Westland Mall

Westland Mall Hialeah, (Miami) Florida

10 MILES

HOMESTEAD, FL

CORAL GABLES, FL

MIAMI, FL

HOLLYWOOD, FL

FORT LAUDERDALE, FL

Serving Miami’s progressive and vibrant Hialeah community

Loyal customer base drives sales above US average, including top-performing restaurants

Recently completed multi-million dollar renovation

An affluent and aspiring Latin community

THE CENTER Westland MallTHE MARKET STARWOOD

Enclosed single-level regional mall

Only shopping center within a 10-mile radius

In the heart of northwest Dade County with access from every major thoroughfare

Premier Hispanic market and Latino customer base

Property Description

major roads Palmetto Expressway (SR 826) and West 49th Street

total sf 835,000

# of stores 95

# of parking 3,800

center description Enclosed, one-level center

anchors Macy’s, Sears, and JCPenney

key tenants Pandora, Tous, H&M, Express Factory Outlet, New York & Company, American Eagle, G by Guess, U.S. Polo Assn, Victoria’s Secret and Outback Steakhouse (opening soon)

THE CENTER Westland MallTHE MARKET STARWOOD

“A vibrant community [–] an American industrial city that continues to grow. Hialeah is one of the

largest areas for employment and economic development in Miami-Dade County.”

— City of Hialeah

THE CENTER Westland MallTHE MARKET STARWOOD

The Heart of Hialeah

234,000 vehicles daily on Palmetto Expressway

Florida East Coast Railway connects Hialeah with major Florida ports

One of the largest areas for employment and economic development in Miami-Dade County

5.5M annual visitors

Fiercely loyal customer base

Multimillion-dollar renovation recently completed

Convenient to both Miami International and Ft. Lauderdale International airports

THE CENTER Westland MallTHE MARKET STARWOOD

THE MARKET Westland MallTHE CENTER THE MARKET STARWOOD

Viva Westland

Above-average growth with 41,200 more people projected in the trade area by 2024

Nearly 60% home ownership rate

High residential and commercial density of 220,300 residents and 107,500 daytime workers within 3 mile

More than 120,000 college students

Culturally diverse and dynamic place to live and shop

Growing local economy, dominated by medical, tourism, engineering and higher education

Hialeah is one of Florida’s largest and most family-oriented communities

61,000 AADTUS Hwy 27/W Okeechobee Road

234,000 AADTPalmetto Expressway

55,000 AADTWest 49th Street/Route 932

23,000 AADTWest 16th Avenue

29,500 AADTWest 12th Avenue

27

MIAMI

I-75

I-95

THE MARKET Westland MallTHE CENTER THE MARKET STARWOOD

Legend Primary Trade Area

Secondary Trade Area

Competition

Access Roads

(AADT= annual average daily traffic)

Distance to Competition

Dolphin Mall Driving – 11 mi, 14 min

Miami International Mall Driving – 10 mi, 12 min

Palm Springs Mile Driving – 2 mi, 3 min

Pembroke Lakes Mall Driving – 14 mi, 16 min

Dolphin Mall

Palm Springs Mile

Miami International Mall

Pembroke Lakes Mall

DORAL

HIALEAH

PEMBROKE PINES

3 MILES

OPA-LOCKA AIRPORT

MIAMI INT’L AIRPORT

NORTH PERRY AIRPORT

MIAMI LAKES

Westland Mall

I-95

27826

I-75

826

THE MARKET Westland MallTHE CENTER THE MARKET STARWOOD

Area Attractions

Marlins Park

Hard Rock Stadium

Trump National Doral Miami

Colleges

Miami Dade College

Florida International University

University of Miami

Florida National University

Johnson & Wales University

Dade Medical College

Mount Sinai Medical Center

Larkin Community Hospital

Legend Primary Trade Area

Secondary Trade Area

Colleges

Key Employers

Westland Mall

3 MILES

Palmetto General Hospital

Carnival Cruise Corp (HQ)

Trump National Doral Miami

INTCOMEX (HQ)

Cordis Corp (HQ)

Jackson Memorial Hospital

Hialeah Hospital

Dade County Police & Government

Atkins Engineering

Miami Dade College

University of Miami

Johnson & Wales University

Florida International University

Florida National University

Dade Medical College

OPA-LOCKA AIRPORT

MIAMI LAKES

MIAMI INT’L AIRPORT

DORAL

HIALEAH

WESTCHESTER

CORAL GABLES

MIAMI

Mount Sinai Medical Center

Larkin Community Hospital

Jackson West

THE MARKET Westland MallTHE CENTER THE MARKET STARWOOD

Demographics 1-MILE 3-MILE 5-MILE 10-MILE

Population 2019 estimate 46,068 220,338 452,867 1,714,458

2024 projection 48,151 231,946 481,649 1,822,068

% growth 2019–2024 4.5% 5.3% 6.4% 6.3%

PopulationBy Race

White 93% 93% 88% 68%

Black 2% 3% 6% 25%

Asian 1% 0% 1% 2%

Hispanic Ethnicity 96% 95% 89% 68%

Median Age 46 44 42 41

% age 15-24 10% 11% 12% 12%

% age 25 to 44 25% 25% 26% 27%

% age 45 to 64 28% 29% 28% 27%

Households 2019 estimate 16,203 70,209 143,828 575,412

2024 projection 16,965 73,978 152,842 612,572

2019 households with kids under 18 35% 40% 41% 38%

Average Household Income

2019 estimate $43,037 $52,657 $62,003 $64,257

% earning $75,000+ 14% 21% 27% 28%

2024 projection $48,225 $59,491 $69,869 $72,183

Education % college educated 35% 37% 44% 46%

1-MILE 3-MILE 5-MILE 10-MILE

Business & Employment

business establishments 3,063 14,778 32,379 97,764

daytime employment 21,645 107,460 256,662 787,434

1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area

Population growth rate nearly double the US average

1 in 2 residents hold white collar positions

43% of households have children under 18

54,600 trade area households have incomes of $75,000+

Predominantly Hispanic or Latino with 89% PTA residents speaking Spanish at home

STARWOOD Westland MallTHE CENTER THE MARKET

Charles Cristella / Director, Leasing /215.341.7520 / [email protected]

Bill Cikalo / Director, Big Box Leasing & Development / 312.283.5121 / [email protected]

Bryant Siragusa / Vice President, National Restaurant and Entertainment Leasing / 214.771.2003 / [email protected]

California Metreon Northridge Mall Parkway Plaza Plaza West Covina Solano Town Center

Colorado Belmar

Connecticut Blue Back Square

Florida The Mall at Wellington Green Westland Mall

Georgia The Collection at Forsyth

Illinois The Arboretum of South Barrington Chicago Ridge Mall Louis Joliet Mall The Promenade Bolingbrook

Indiana Southlake Mall

Kentucky Hamburg Pavilion

Michigan Fairlane Town Center The Mall at Partridge Creek

Montana Rimrock Mall

Nebraska Gateway Mall

North Carolina Northlake Mall

Ohio Belden Village Mall Franklin Park Mall Great Northern Mall SouthPark Mall

Texas The Shops at Willow Bend

Virginia MacArthur Center Stony Point Fashion Park

Washington Capital Mall Kitsap Mall

Sources: The Nielsen Company (2019), State Department of Transportation, State and Local Economic Development Resources Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com

Starwood Retail Partners

5th largest manager of regional malls in the US

30 malls and lifestyle centers, with locations in 11 of the top 20 DMAs

100 million+ combined annual visits

$95,400 trade area average household income