West 7th Leasing Package

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West 7th Leasing Package

  1. 1. Market Overview Fort Worth, the nation’s 18th largest city, known as the city “Where the West Begins”, is second in terms of major metro area population growth rates. It is booming with new hotel, office, residential and retail development in its thriving downtown - most notably in its Central Business District and western corridor where West 7th is situated, at the epicenter of museums, art galleries, entertainment venues, restaurants and night life. Fort Worth, from its 1849 beginnings as a center of cowboy commerce, first with the livestock industry and then with oil, has held on to its position as a hub of commercial activity for Texas and for the entire Southwestern United States. The result today is a developing urban marketplace where professionals, university students, tourists and locals come together in a vibrant, multi-faceted mix of consumers. And now, with the City’s Urban Market Overview Village Development Program in full swing, the Cultural District is really lighing up. Fort Worth’s Cultural District includes over 5 million visitors annually, with an average income of over $160,000 and the National Cutting Horse Association (NCHA) which hosts events at Will Rogers Memorial Center with approximately 400,000 in attendance who stay an average of 5.1 days per event. The NCHA demographics include an average household income of $177,405; an average household investment portfolio of $239,300; an average household net worth of $1,526,000; and 56% are president, CEO, chairman, partner, executive vice president or owner of a company. Fort Worth provides ideal for companies of all sizes and from many different industry sectors. As one of the most diverse high-tech manufacturing locations in Texas, this area is home to a variety of high-tech corporations including Nokia, Motorola and National Semiconductor Corp. A number of international corporations are also headquartered here, such as American Airlines, BNSF Railway, Pier 1 Imports, RadioShack and XTO Energy. Other corporate luminaries include Lockheed Martin, Bell Helicopter, Federal Express and Ben E. Keith. Healthcare, finance, telecommunications, education, tourism, retail trade and services are also significant economic sectors for the area. WEST 7 TH Texas Christian University with 6,800 undergraduates, 1,200 graduate students and 1,600 faculty members as well as over 16,000 healthcare professionals with Cook Children’s Medical Center, Harris Methodist Fort Worth Hospital, Baylor All Saints Medical Center, Plaza Medical Center, UNT Health Science Center, JPS Health Network and Huguley Memorial Medical Center all live, work and play in Fort Worth. Sources: Fort Worth Chamber of Commerce & National Cutting Horse Association Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  2. 2. Market Overview Market Overview Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  3. 3. Market Overview Market Overview Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  4. 4. Project Overview OUTDOOR ROOM North & South Center Blocks West 7th represents a strategic blend of pedestrian-friendly urban components located at the nexus of six major arterials in the West 7th Fort Worth, Texas Job #: 06135.01 File Name: centerroom_sheet.psd Date: 03 Oct 2007 Drawn by: NMM marketplace where awareness, style, taste and a search for new experiences have created a burgeoning community of commercial activity. Project Overview From high concept eateries and home furnishing stores, to destination tenants like Movie Tavern and LA Fitness, to national and local specialty retailers, West 7th will serve a multi-tiered market. Increasing numbers of Cultural District visitors, local residents, TCU students, Central Business District and medical center employees ensure a bright future of the development and the area. The merchandising of West 7th matches the way our consumers want to live their lives. An equal mix of entertainment, fashion and dining, designed to complement and enhance existing area retail and to capitalize on the new residences being developed by Columbus Realty Partners, plus new office development that is incorporated into the West 7th site. Address: SEC of West 7th and University Fort Worth, TX Retail Space: 254,000 SF of Retail / Restaurant Space Office Space: 106,000 SF Residential: 441 Units Leasing Contact: Michael Wheat Cypress Equities 214-561-8875 phone Michael.Wheat@CypressEquities.com Please see other pocket for project photos. Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  5. 5. Project Overview Aerials taken 9/8/09 Project Overview Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  6. 6. Project Overview Aerials taken 9/8/09 Project Overview Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  7. 7. Demographics and Housing WEST 7 TH Demographics and Housing Demographics 3-Mile 5-Mile 10-Mile Estimated Population 2009 88,079 238,049 771,645 Average Household Income 2009 $58,734 $56,588 $58,107 Estimated Households 2009 30,783 79,994 275,010 Median Age 2009 33.60 32.80 33.80 Daytime Population 2009 143,886 295,037 778,446 Tarrant County Estimated Population 2009 1,804,142 Projected Population 2014 2,017,844 Average Household Income 2009 $70,057 Projected Average HHI 2014 $72,814 Primary Trade Area Total Retail Potential 1,255,465,466 Source: Demographic data copyright 2008 by Experian / Applied Geographic Solutions Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www. west-7th.com WEST 7 TH
  8. 8. Demographics and Housing Demographics and Housing Source: Demographic data copyright 2008 by Experian / Applied Geographic Solutions Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  9. 9. Tenants/Lease Plan OPEN OPEN Under Construction OPEN OPEN Tenants and Lease Plan Under Construction OPEN Under Construction OPEN flirt Boutique OPEN OPEN Under Construction OPEN OPEN OPEN Under Construction Sweet Sammies TM Cookies + Ice Cream OPEN OPEN OPEN OPEN OPEN OPEN OPEN Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  10. 10. Tenants/Lease Plan Tenants and Lease Plan Disclaimer: Specific names of tenants, their status, location and size are (i) not intended to be and should not be or have been relied upon, (ii) subject to change, modification and deletion by Landlord and (iii) not a representation or warranty as to the opening or continued operation of any store named or depicted on the site plan. Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  11. 11. Tenants/Lease Plan Tenants and Lease Plan Disclaimer: Specific names of tenants, their status, location and size are (i) not intended to be and should not be or have been relied upon, (ii) subject to change, modification and deletion by Landlord and (iii) not a representation or warranty as to the opening or continued operation of any store named or depicted on the site plan. Please see other pocket for larger lease plan. Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  12. 12. Why Choose Fort Worth Regional Highlights • Fort Worth is located in North Central Texas, 30 miles west of Dallas - this central location makes Fort Worth a midpoint for national businesses • Dallas-Fort Worth was recognized as the second-best market in the U.S. for new and expanded corporate facilities in 2008 by Site Selection magazine • Some of the area’s projects last year included AT&T’s move to Dallas, the construction of a $232.5 million data center in Fort Worth’s Alliance development for Blue Cross Blue Shield and a distribution center for Cinram International, also at Alliance • The Dallas-Fort Worth-Arlington region added the second-largest number of jobs of any of the nation’s biggest metropolitan areas during the 12 months ending in October, according to a U.S. Bureau of Labor Statistics report Tuesday Why Fort Worth? • Fort Worth residents enjoy the area’s affordable, easy-going lifestyle, thriving business environment, outstanding educational system, active arts community and a dynamic downtown that dazzles locals and tourists alike • Fort Worth’s Bass Performance Hall is listed among the Top 10 opera halls in the world • Fort Worth has 109 acres of museum space; 2nd in the nation behind only Washington DC for the most accredited museums within walking distance from each other Population, Education and Housing Fort Worth’s residents are its greatest assets. A few fast facts: Population Growth (Dallas/Fort Worth Metroplex): • 20% population growth from 2000 to 2008 • Tarrant County has seen a 20% growth since 2000 Well Educated: • From well-known public and private universities to technical schools and medical training, North Texas attracts and produces talented, skilled employees at its many higher education institutions • Fort Worth and Dallas area colleges and universities enroll over 250,000 students annually and graduate more than 30,000 • 20% of residents 25 or older have a bachelor’s degree and 16% have a graduate or professional degree Housing: • 13% growth from 2000 to 2008 Major Employers AMR/American Airlines BNSF Railway D.R. Horton Homes XTO Energy RadioShack Americredit Lockheed Martin Texas Health Resources Fort Worth ISD City of Fort Worth Bell Helicopter Harris Methodist Fort Worth Hospital JP Morgan Chase Bank Cook Children’s Health Care System JPS Health Network Source: Fort Worth Chamber of Commerce Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  13. 13. Aerial Why Fort Worth? Why Fort Worth? Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  14. 14. LEASE PLAN Why Fort Worth? Why Fort Worth? Disclaimer: Specific names of tenants, their status, location and size are (i) not intended to be and should not be or have been relied upon , (ii) subject to change, modification and deletion by Landlord and (iii) not a representation or warranty as to the opening or continued operation of any store named or depicted on this site plan. Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  15. 15. COMPONENT / TENANT DIAGRAM Why Fort Worth? Why Fort Worth? Disclaimer: Specific names of tenants, their status, location and size are (i) not intended to be and should not be or have been relied upon , (ii) subject to change, modification and deletion by Landlord and (iii) not a representation or warranty as to the opening or continued operation of any store named or depicted on this site plan. Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  16. 16. PHOTOS Why Fort Worth? Why Fort Worth? Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  17. 17. PHOTOS Why Fort Worth? Why Fort Worth? Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  18. 18. PHOTOS Why Fort Worth? Why Fort Worth? Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  19. 19. PHOTOS Why Fort Worth? Why Fort Worth? Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  20. 20. PHOTOS Why Fort Worth? Why Fort Worth? Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
  21. 21. PHOTOS Why Fort Worth? Why Fort Worth? Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH

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