Connecticut Retail Real Estate

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CONNECTICUT WHERE IS THE RETAIL INDUSTRY HEADED
IN 2008?

• Tenants in Connecticut
• Retailers of the Past
• Big Box Retailers
• Tenants Consolidating (Banks, Pharmacies,
  Wholesale Clubs, Traditional Retailers, Health
  Clubs, etc.)
• Traditional Malls vs. Lifestyle Centers
• West Farms Mall West Hartford, CT
• Crystal Mall Waterford, CT
• Meriden Square Mall Meriden, CT
• Evergreen Walk, South Windsor, CT
• Blue Back Square, West Hartford, CT
• Rentschler Field, East Hartford, CT
• Shoppes at Cheshire, Cheshire, CT
• Lisbon Landing, Lisbon, CT
• Shoppes at Farmington Valley, Canton, CT
• Specialty Centers in Connecticut
• Shopping Centers Impact

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Popular Retailers Do you Remember?
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CONSOLIDATIONConnecticut Membership Warehouses
HOMECLUB
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PACE MEMBERSHIP WAREHOUSE CLUB
3
PRICE CLUB
4
7
CONSOLIDATIONConnecticut Home Improvement Centers
9
30
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CONSOLIDATIONConnecticut Big Box Department
Stores
34
14
17
9
CONSOLIDATIONConnecticut Electronics Stores
8
10
10
10
CONSOLIDATIONConnecticut Pet Supply Stores
18
5
11
CONSOLIDATIONConnecticut Sports Equipment Stores
7
8
7
12
CONSOLIDATIONMergers
23
21
7
10
14
3
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GROCERY RETAILERS
84
6
26
1
21
5
10
15
8
4
3
6
14
CONSOLIDATIONConnecticut Pharmacies
68
76
131
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CONSOLIDATIONConnecticut Cell Phone Stores
16
61
30
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WESTFARMS MALLWest Hartford, Connecticut
1976
2006
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THE CRYSTAL MALLWaterford, Connecticut
OPENING - 1984
2007
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MERIDEN SQUARE MALLMeriden, Connecticut
1971
2006
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CONSOLIDATIONHealth Clubs
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MALLS vs. LIFESTYLE CENTERS
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LIFESTYLE CENTERSEvergreen Walk South Windsor,
CT
400,000 SQ. FT.
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LIFESTYLE CENTERSBlue Back Square West
Hartford, CT
310,000 SQUARE FOOT LIFESTYLE DEVELOPMENT
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FIRST STORE IN CONNECTICUT
AT
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LIFESTYLE CENTERSRentschler Field East
Hartford, CT
1 MILLION /- SQUARE FOOT LIFESTYLE DEVELOPMENT
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LIFESTYLE CENTERSShoppes at Cheshire Cheshire,
CT
550,000 SQUARE FOOT LIFESTYLE DEVELOPMENT
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LIFESTYLE CENTERSLisbon Landing Lisbon, CT
500,000 SQ. FT.
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LIFESTYLE CENTERSShoppes at Farmington Valley
Canton, CT
425,000 SQ. FT.
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Silver Commons Meriden, CT
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Camdan Shoppes Berlin, CT
ROUTE 9
SITE
EXIT 21
BERLIN TPK (RTE 5/15)
SITE
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Sundad Plaza Meriden, CT
Join
1,097 - 10,000 /- SF SPACES AVAILABLE FOR LEASE
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CONSOLIDATIONConnecticut Restaurants
5
3
1
4
2
1
10
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SHOPPING CENTERS IMPACT
US SALES 2.25 TRILLION PER CAPITA SALES
TAX 414 PER PERSON TOTAL TAXES COLLECTED 124
BILLION 55 OF ALL SALES TAXES CONNECTICUT RETAIL
SALES 40.9 BILLION SQUARE FEET 90 MILLION
(EST) SALES PER SQUARE FOOT 453 MASSACHUSETTS
415 PSF NEW YORK 383 PSF CALIFORNIA 351
PSF NATIONAL SPENDING AVERAGE PER PERSON
7,528 PER YEAR 25 OF PERSONAL DISPOSABLE INCOME
INFORMATION OBTAINED BY ICSC RESEARCH
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www.newenglandretail.com