leasing opportunities redevelopment 2016

LEASING OPPORTUNITIES
REDEVELOPMENT 2016
RIGHT
PLACE,
RIGHT
TIME
OAKVILLE
Centrally and strategically located along the
well-travelled QEW corridor, RioCan Oakville Place is the
only enclosed shopping centre in the area. Its attractive
architecture, spacious and diverse food court, and
desirable merchandise mix are all tailored to attract both
frequent locals and visiting tourists. Dynamic expansion
and renovation are in the pipeline for 2015-16, when
RioCan Oakville Place plans to reposition itself as a
leading shopping centre.
Ranked by MoneySense Magazine among the Top Ten
Places to Live in Canada for the past five years, Oakville
boasts an average household income of $145,000, and
expects a 45% growth on its population of 182,000, to
reach 264,000, by 2021. The young, the affluent and their
families are here, visiting the mall 3.5 million times per
year and spending over $87 million per year on average.
“It is always a pleasure working with the team
from RioCan Oakville Place. Whenever we have
approached any member of the management
team, each person is courteous and helps in
anyway they can.” – Mari Au, Purdy’s Chocolatier
RIOCAN OAKVILLE PLACE ANNUAL MALL SALES Approx. $87 million
$140K
SHOPPING CLUSTERS BY % OF SALES
BOOMERS & GOLDEN YEARS
Older, retired empty nesters. 19%
Average household
income in Oakville
is $140,000
VALUE FOCUSED FAMILIES
Married, low-moderate income. 10%
WORKING SINGLES
Single professionals, no children. 16%
AFFLUENT FAMILES
Married with children, high income. 31%
iGENERATION
Young, single, low-moderate income. 16%
STAY AT HOME MOMS
182K
Married with children, moderate-high income. 6%
AGE VARIATIONS OF CUSTOMERS
182,000 residents
currently residing
in Oakville
MEET THE
MARKET
RioCan Oakville Place already retains a loyal customer base of 77% local shoppers,
visiting around 3 times a month for about an hour each trip. The highest percentage
of sales are to affluent families, married with children - and a high income significantly
above the Ontario average of ~$88K and the Canadian average of ~$81K. In the
primary trade area these families earn ~$140K per year; in the secondary it’s $130K.
The primary trade population is expected to grow more than 3x the provincial average
over the next 5 years. There’s never been a better time to join
RioCan Oakville Place’s retail mix.
45%
Anticipating a 45%
growth in residents
by 2021
ABOVE-AVERAGE HOUSEHOLD INCOME
Average income for Primary Trade Area is $140,038
Average income for Secondary Trade Area is $129,128
Significantly higher than the Ontario average of $88,293 or Canadian
average of $81,093*
GENDER DEMOGRAPHIC
“Shopping CenterInclined Retail
expenditures have
been estimated to
increase at a consistent
rate of 1.5% per year
as defined by the
International Council of
Shopping Centers.”
68% Female
32% Male
CONSUMER VISITS
• Patrons shop for an average of 55 minutes per visit
• Average patron visits 2.9 times per month
• 77% of patrons come from the Oakville area
*2012 Intercept Survey
STRATEGIC
PLACEMENT
1 minute drive
QUEEN ELIZABETH WAY
2 minute drive
OAKVILLE GO STATION
7
40
N
Municipal transportation system
throughout the town of Oakville
Sixteen Hollow
New Employment Area
Estimated 35,000 New Jobs*
Commuter trains leave Oakville every
30 minutes with service provided
throughout the Greater Toronto area.
407 EXPRES
Joshua’s Meadows
Glenrochy
New Housing Development
Approximately 16,000 New Homes*
New Housing Development,
Approximately 16,000 New Homes*
New Housing Development
Approximately 16,000 New Homes*
R ROAD
E
REGIONAL
H
ET
AY
W
AB
IZ
N
EE
QU
EL
To Mississauga,
Highways 403 & 401,
& Toronto Pearson Airport
Oakville
GO Station
LAKESHORE ROAD W
Downtown Oakville
TRAFALGA
R ROAD
To Hamilton,
Hamilton Airport
& Burlington
REGIONAL
ROAD 25
OAKVILLE SECONDARY TRANSIT
THIRD LIN
ROAD 25
ROAD
TREMAINE
OAKVILLE TRANSIT
UPPER MIDDLE ROAD W
QUEEN ELIZABETH WAY
QUEEN ELIZABETH WAY
GO TRAIN
TRAFALGA
UPPER MIDDLE ROAD W
2 AIRPORTS
TRANSIT ROUTES
TE
DUNDAS STREET E
DUNDAS STREET E
Lester B. Pearson International Airport
John C. Munro Hamilton International
Airport
S TOLL ROU
E
UT
RO
L
OL
ST
407 West
GO TRANSIT
TE
LL ROU
S TO
RES
P
EX
15 minute drive
GLENN ABBEY GOLF COURSE
LINE
S
RE
XP
E
7
40
TREMAINE
OAKVILLE TRANSIT
14 minute drive
BRONTE CREEK PROVINCIAL PARK
NINTH
ROAD
LEGEND
3 minute drive
SHERIDAN COLLEGE
LAKESHORE ROAD W
Lake Ontario
Map not to scale.
* Spehar, Mirjana. “The New Communities of Oakville.” Century21.ca. 11 Apr. 2013.
ABOUT THE MAP OF RIOCAN OAKVILLE PLACE
TRADE AREA POPULATION
You couldn’t do business in a busier place. Located just off one of Ontario’s most travelled 400-series highways,
The Queen Elizabeth Way, RioCan Oakville Place is visible from both directions at the Trafalgar Road exit.
• 167,986 residents in primary trade area
Consider the other strong connections to the culture and commerce of this affluent commuter hub. Prestigious
Sheridan College is nearby. Glenn Abbey Golf Course and the gorgeous Bronte Creek Provincial Park, only
short drives away. Oakville Transit, the GO Station, freight service and two airports are easily accessible. New
residential developments surround the trade areas, where 167,986 people live in the primary, 182,372
in the secondary.
• Total trade area population of 350,358
• An additional 182,372 within secondary trade area
*2012 Intercept Survey.
*The Economic Department of the Town of Oakville.
Over 200,000 vehicles pass
through the Queen Elizabeth Way
and Trafalgar Road each day.*
“We’re thrilled to join the Oakville community and especially
RioCan Oakville Place. Our goal is to inspire our new
neighbours to find ‘their better’ and become the community
hub for everything sport and activity. In addition to our vast
assortment of products, one of our biggest assets is our staff.
We’ve hired loyal athletes and sports enthusiasts to work in
our store – who better to help customers find the right products
so they can lead healthier, more active lives. Now that the
doors are open, I hope everyone gets a chance to drop by
and visit the team in our new location.”
— Brendan Arnold, Communications Manager, SportChek
LEASING
AND
REDEVELOPMENT
PLANS
RIOCAN OAKVILLE PLACE
Annual Mall Sales
87 million
CUSTOMER BASE
Local60%
Tourist40%
Locals average spend
$211 per visit
International tourist spend 2 1/2 times more than local residents
LEASING
Total number of Units: 152
Major tenants:4
Gross Leasing Area of
Major Tenants:263,404 square feet
Employees12,000 (15,000 seasonally)
Parking Spaces 2,290 (308 covered, 1982 uncovered)
14
Retail 79.2%
Food & Beverage
5.2%
Entertainment 15.6%
(Based on square footage of stores)
KEY PROPERTIES
ABOUT
SOCIAL RESPONSIBILITY
WHY RIOCAN
Since the inception in 1993,
RioCan has generated
strategic and organic growth
by investing in grocery chain
anchored shopping centres,
mixed-use developments and
urban opportunities in both
US and Canadian markets.
Our guiding philosophy has
always revolved around being
highly responsive, transparent
and fair. We’re confident
in our ability to build loyal
partnerships that prove to
be mutually beneficial year
after year.
Corporate philanthropy
is a key facet of RioCan’s
profile as a good corporate
citizen and one that we have
always viewed as a priority.
We support a number of
charitable organizations,
with an emphasis on
children’s and medical
charities, through donation
of our time, space and
financial resources. Giving
back to the communities that
we live, work and thrive in
has always been important
to us; fundraising efforts
return long-lasting benefits
to society, its employees and
the Trust.
At RioCan, we create valuable
experiences. Whether it’s a
tenant looking for a great
new store location and a
high service standard, or a
potential employee looking
for a solid place to work and
to build a career, we will
continue to grow our business
with stability and confidence.
RioCan
Oakville Place
RioCan
Georgian Mall
Stockyards
RioCan Yonge
Eglinton Centre
Located just north
of the Queen
Elizabeth Way at
Trafalgar Road,
RioCan Oakville
Place is anchored
by Hudson’s Bay
and SportChek,
among others;
and will soon be
the new home of
Pusateri’s Fine
Foods. Featuring
over 100 premier
retailers, RioCan
Oakville Place offers
a sophisticated
mix of upper-end
products and
services.
With an impressive
165 units, this
enclosed shopping
centre boasts some
of the biggest
names in retail
including Hudson’s
Bay, SportChek
and Victoria’s
Secret, conveniently
located at the
intersection of
Bayfield Street near
Hwy 400.
Located at the
intersection of St.
Clair Avenue West
and Weston Road
South, this newly
developed urban
retail property
features 19 units for
major retailers such
as Target, PetSmart
and Winners.
The Yonge Eglinton
Centre is midtown
Toronto’s most
recognizable mixeduse complex. The
urban retail centre
serves a large and
growing population
base and is
composed of 218
units from Indigo
Books and Metro
to The Pickle
Barrel and Urban
Outfitters.
RIOCAN OAKVILLE PLACE RIOCAN HEAD OFFICE
Phone: (905) 842-2140
Phone: (416) 866-3033
Fax: (905) 842-2969
Toll free: 1-800-465-2733
240 Leighland Avenue
Fax: (416) 866-3020
Oakville, Ontario
2300 Yonge St., Suite 500, PO Box 2386
L6H 3H6
Toronto, Ontario
M4P 1E4
RIOCAN LEASING INQUIRIES
Information about leasing opportunities throughout
RioCan’s portfolio can be obtained by contacting
the Leasing Team at 1-800-866-3033; or toll-free
at 1-800-465-2733.
FLOOR PLANS
RIOCAN OAKVILLE PLACE
240 Leighland Avenue, Oakville, Ontario
MAIN LEVEL
144
Sport Chek
18,920
MAIN LEVEL
Total Beauty
Essentials
2’1”/40’1” 6’8”
18’6”
Flight
Centre
K3
’5
”
18
101
1,530
1,738 Cogeco 101A
102
16’5” 16’6”
1,255
109A
Shoppers Bentley
Drug Mart
9,572
1,938
153
Payless ShoeSource
The
Children’s
Place
1,082
58’6”
453
Wireless Wave
Live Nail
Tailors
Choice
Bliss
Truck Court C
161/163/165
Pusateri’s
Opening 2015
13,686
Kiosks
K1 Information 56
K2 Sunglass Hut 202
K3 Royal LePage 80
K4 TBooth Wireless 200
K5 Koodo 64
K8 Virgin Mobile 150
K9 Wind Mobile 150
K10 Magnolia 200
K101 Timothy’s 250
K102 Mac’s Sushi 223
K11 Isis Jewelry 200
TR
AF
A
LG
AR
RO
AD
499
RTH
135’8”
”
’3
25
171 1,300
Claires
173
Foot Locker
2,886
35’11”
112
Boathouse
2,751
K1
Nutrition House
2,918
32’4”
661 113
4,149
177 1,484
Bell World
179 952
183 6,658 Hair Salon
Bank of
181
Montreal
NO
K4
”
’11
18
117
Available Garage 116 114
630 948
20’3” 21’2”
ENUE
17’9”
119
21’8” 34’6” 14’10”
Truck Court B
D AV
103A
Telus
2,124
K9
HLAN
20’3”
Body Shop 109 108 107 106 105
633 562 562
23’8”
105’2”
LEIG
K5
41’2”
40’1”
3,191 3,018
40’4”
19’4”
6”
123A
Bluenotes
5,450
’2”
’6
”
K101 Caryl Baker David’s Tea
Visage
26’8” 20’0” 20’0”
17’1” 23’1” 19’11”
Bath &
Body Works
12’7”
46’2”
MAJOR 3
Sears
52,083
17’6” 21’1”
3,751
K11
30’8”
Available
”
’5
K10
151
American
Eagle
4,774
”/
’5 ”
18 5’8
120
Purdy’s
Chocolate
4’
121A
39’1”
”
29’1”
150
K8
K102
’4
29’8”
11’1”
40’3”
NT.
News
38
18
30’7”
134
816
4’11”/16’9”
32
28’3”
136A
1,356
IV
1,4 ision
70
Hearing
Solutions
”
’4
”
’5
18
3,030 2,032
K2
39’10”
130
Guess
2,675
132
Roots
2,149
29’3”
20
39’6” 7’10”
135
129
Danier
Leather
3,347
126
Tip Top
MAJOR 2
The Bay
59,714
186
842
127
Change
1,498
Lenscrafters
124
139
1,789
26
Shoe Doctor
139A 2,236
Dental
Office
9”
7’
Truck Court A
142
H&M
19,793
SER
VIC
ER
OA
D
The purpose of this plan is to identify the approximate location, size and dimension of the Leased Premises in the Shopping Centre. The Landlord reserves the right at any time to relocate, rearrange, alter or expand the building and structures, other premises, the Common Areas, and any part of the Leased Premises from that shown on this plan. All information, dimensions, sizes
416.866.3033/1.800.465.2733
www.riocan.com
The purpose of this plan is to identify the approximate location, size and dimension of the Leased Premises on the property. The Landlord reserves the right at any time to relocate, rearrange, alter or expand the building and structures, other premises, the Common Areas,
and any part of the Leased Premises from that shown on this plan. All information, dimensions, sizes and areas are approximate only and are to be verified on site. Any references on this plan to specific tenants are subject to change from time to time and shall not be
deemed to be any representation as to the tenants that are within the Shopping Centre.
UPPER LEVEL
LEVEL
UPPER
RIOCAN OAKVILLE PLACE
240 Leighland Avenue, Oakville, Ontario
235A
Oliver & Bonacini
Cafe Grill
8,692
16’9”
40’5”
9’1”/20’5” 19’6” 20’9” 20’0” 20’0”
”
19
243
1,169 240
Jean Machine
Bikini Village
1,353
Available
1,459
Soft Moc
1,674
Coles
1,850
232B232C
17’7”
237
26’6”
1,054
Michael Hill
239
Peoples
Jeweller
1,736
0
’1
40’0” 9’1”
72’3”
230
1,624
1,347
232
19
16’0” 25’0”
228A
Nygard
Slims
2,176
244
241 242
Black’s
’1
”
225
Laura Petites
6,073
Gymboree
3,317
671
232A
”
’5
1,714
Management Office
744
Available
17
MAJOR 2
The Bay
59,714
234
224
Clip
Opus
2,356
223
Swarovski 428
245
The
Source
3,281
36’0”
1,489 Carlton Cards 247
SECOND LEVEL
MAJOR 3
Sears
52,083
16’2”
OMEGA
Tim Horton’s 530
Jimmy The Greek 375
Bar Burrito 479
Manchu Wok 418
A&W 354
Thai Express 450
Sandwich Tree 418
NY Fries 317
Mr. Sub 278
FC2
FC3
16’10”
17’4”
FC4
15’7”
19’4”
K201 202
Jugo Juice
18’0” 19’0” 30’10”
62’6”
207
205A
Le
Chateau
Available
4,932
3,834
208
1,904
208A
33’3” 16’6”
202
West
49
3,135
208B
209 1,115
EB Games
FC9
18’9”
FC8
14’5”
17’8”
208A Things Engraved 771
208B Rogers Plus 730
FC7
17’3”
Kiosks
K21 Fido 100
K203 Public Mobile 96
FC6
16’2”
1,523 Total Image 201
1
19 5’6
’6 ”/6
”/9 ’8
’1 ”/
”
K21
K203
FC1 30’0”
40’10”
22’6”
210A
1,017
22’6”
2,138
Best Buy Mobile
FC1
FC2
FC3
FC4
FC5
FC6
FC7
FC8
FC9
69’0”
214
RW & Co.
4,505
Pandora
Aldo
1,808
1,878 Available
Nine West
1,397
Zacks
1,909
212
”
1,886
221
Northern Reflections
32’1” 16’8”
’4
Hallmark
217 216
15
218
Melanie
Lyne
3,270
20’0” 19’3”/7’9”
0”
2,156
40’0”
’1
222
220 219
19
20’9” 20’4” 20’2” 19’10”
FC5
4,015
Pusateri’s
Opening 2015
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RENDERINGS