Leasing Package - Trademark Property Company

welcome
Located in Corpus Christi, Texas, the La Palmera
Shopping District is the premiere retail destination
in the state’s Coastal Bend region, offering more
than 130 retail and dining options.
The 1-million-square-foot La Palmera is the result
of a $50M transformation of the former Padre
Staples Mall. La Palmera is a world-class leisure
destination on par with the best malls in Texas.
Directly across from La Palmera is The Shops at
La Palmera. It has emerged as the newly branded
230,000-square-foot regional power center.
Fort Worth
El Paso
Dallas
TEXAS
Austin
Houston
San Antonio
Laredo
Corpus Christi
McAllen
Brownsville
CORPU S C HRI ST I , T X
• Located on the Gulf of Mexico halfway between Houston and the U.S./Mexican border, and is the eighth largest city in Texas
• Strategically located on one of the major interstate and highways providing easy access for tourists
• Port of Corpus Christi – sixth largest port in the nation; 150 miles from the U.S./Mexico border; 24,000-acre foreign trade zone
(largest in U.S.)
• The hub of economic activity generated by the Eagle Ford Shale gas play
Corpus Christi, TX
Trade Area
35
181
188
359
281
37
35
CORPUS CHRISTI
44
358
77
359
286
141
Population (2016)
Avg. HH Income
HH Income > $75K
Daytime Population
514,111
$68,686
62,467
380,685
CO R P U S CH RIST I T RADE ARE A
LIFE ST YLE G RID MAP
ARE A RE TAIL
Gulf of Mexico
Mustang Island
Port Aransas
Corpus Christi Naval Air Station
Laguna Madre
Padre Island
Texas A&M University – Corpus Christi
Corpus Christi Bay
South Padre Island Drive
ive (SPI
(SPID)
S IT E AE RIAL
visit
• 8M visitors annually contributing over $1.2 billion
to the Corpus Christi economy
Reasons to Explore Corpus Christi:
Beaches & Resorts
USS Lexington
American Bank Center & Convention Center
Texas State Aquarium
Wildlife Refuge
Art Museum of South Texas
Texas Surf Museum
Museum of Science & History
Corpus Christi IceRays Hockey
Schlitterbahn Corpus Christi
South Texas Botanical Gardens & Nature Center
Hooks Minor League Baseball Team
Sport Fishing Capital of Texas
US Open Windsurfing & Kite Boarding
Sailing
community
• The Port of Corpus Christi is the sixth largest U.S. port
• Texas A&M University – Corpus Christi
• 11,661 Students (expansion plans for 16,000)
• 1,400 Faculty Members
• Texas A&M University – Kingsville (30 miles away)
• 8,300 Students
• Six major hospitals make Corpus Christi a medical
hub for South Texas
• Home to two U.S. military installations
• Corpus Christi Army Depot
• Corpus Christi Naval Air Station
• International Airport
• Winter Texans: Considerable population growth during
the winter months
• Strong petrochemical industry & growing
aerospace sector
• Strategic location with excellent highway, deepwater,
and rail access
• Positive, progressive business climate
LA PALMERA
P R O P E RT Y OVE RVIE W
• Size: 1,024,331 sf
• Anchors: Dillard’s, Macy’s, JCPenney
• $50 million major renovation completed in 2010
• The only super-regional mall within 140+ miles
• LEED Certified – Sustainable design
• 600-seat food court located on the lower level with
4,000-gallon feature aquarium
• Children’s play area with aquatic theme
• Fountain inside and interactive pop fountains outside
TENANTS INCLUDE
Francesca’s
White House | Black Market
Dillard’s
Grimaldi’s Coal-Brick Oven Pizzeria
Macy’s
P.F. Chang’s
JCPenney
Victoria’s Secret
Coach
Aldo
Express
MAC
Pandora
Michael Kors
Longhorn Steakhouse
H&M (coming soon)
L A PAL ME R A RE TAIL CO LLE CT IO N
THE SHOPS AT LA PALMERA
P R O P E RT Y OVE RVIE W
• Size: 230,000 sf
• Anchors: Dick’s Sporting Goods, DSW, HomeGoods,
T.J. Maxx
• Proven, highly visible location across Staples from
La Palmera.
• Sits strategically on the NE corner of SPID (Highway 358)
and Staples Street which has 150,000 cars per day
TENANTS INCLUDE
Great Clips
Beef Jerky Outlet
HomeGoods
Chipotle Mexican Grill
Jared The Galleria of Jewelry
Corner Bakery Cafe
Marble Slab Creamery
Destination XL
Salons by JC
Dick’s Sporting Goods
T.J. Maxx
dressbarn
Today’s Vison
DSW
Chick-fil-A (coming soon)
Gossip Nails
Grub Burger (coming soon)
T HE S H O P S AT L A PA L ME R A–RE TAIL CO LLE CT IO N
T RANS FO RMAT IO N
Rebranding and a $50 million renovation has transformed La Palmera into a shopping destination that satisfies the once unmet demand.
BEFORE
AFTER
MAIN E NT RANCE
BEFORE
AF T E R
S IG NAG E
BEFORE
AFTER
PALM CO U RT
B EFORE
AF T E R
CE NT E R CO U RT
BEFORE
BEFORE
B E F ORE
A F TE R
AFTER
AF T E R
FO OD CO U RT, AQ UAR I U M & C HILDRE N’ S PLAY ARE A
L A PA L ME R A O U T DO O R LIFE ST YLE DIST RICT
[PRO POS E D] PH AS E 1
OW NE R S & O PE RATO RS
TRADEMARK PROPERTY CO.
• Privately held, based in Fort Worth, 100+ employees
• Full service firm focused on investments, development
and services of experiential, retail and mixed–use
properties.
• Unprecedented commitment to Green Development
MILLER CAPITAL ADVISORY, INC. (MCA)
• Pension advisor that invests in Class A retail
• Portfolio has an average sales volume of $650/SF
• Nation’s top-performing mall portfolio (Houston
Galleria, Oakbrook, Kierland Commons, Scottsdale
Fashion Square)
OPERATIONS AND MANAGEMENT
• Fred Walters: Former VP/GM for Santana Row for 4
years; former GM for Grand Canal Shoppes at the
Venetian Resort for 9 years.
T EST IMO NIALS
• “We are truly happy with the dramatic transformation at La Palmera, and we are excited to be
a part of it. Trademark’s visionary achievement at La Palmera is mall revitalization done right.
This premier development provides South Texas residents and visitors a unique experience in
shopping, dining and entertainment.”
—William Dillard, II, Chairman and Chief Executive Officer, Dillard’s
• “Francesca’s had a presence in Corpus Christi for several years. When we learned of the
acquisition of La Palmera by a quality developer like Trademark with a vision for transforming real estate, we were immediately interested. Over time, their plan was wonderfully executed,
which encouraged us to relocate our existing boutique. As a result, our sales have increased
tremendously.”
—Clary H. Groen, Vice President of Real Estate and Construction, Francesca’s
• “Trademark took the high road and successfully navigated a difficult political and economic
climate in Corpus Christi. They have been a great partner in delivering on their promises to our
city above our expectations. Their work at La Palmera is having a very positive impact on our
community.”
—Joe Adame, Former Mayor, Corpus Christi, Texas
• “This renovation of Padre Staples Mall will change the retail landscape in South Texas.”
—Wes Cherry, Former Vice President of Real Estate, Dillard’s
CORPUS CHRISTI, TEXAS
lapalmera.com
AUGUST 2016
Stacy Barton, Sr. Leasing Representative | SBarton@trademarkproperty.com | P: 817.509.4161
INVESTMENTS | DEVELOPMENT | INSTITUTIONAL SERVICES
1701 River Run, Suite 500, Ft. Worth, TX 76107 | 817.870.1122 | trademarkproperty.com