Governors Pkwy & Rte 157, Edwardsville IL 62025
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1 For Sale New Retail Development Governors Pkwy & Rte 157, Edwardsville IL For More Information: psheahan@naidesco.com mmiller@naidesco.com The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to lease or purchase. 101 S. Hanley Rd, Suite 1900 St. Louis MO info@naidesco.com naidesco.com
2 Pad sites / BTS available on one of the largest tracts of land in Edwardsville Several outlots available Committed tenants include Fresh Thyme Farmers Market, Kloss Furniture, Dollar Tree, Global Brew Tap House, McAllister s Deli & Nancy s Pizza Site can accommodate 3 junior boxes Small shop space with drive-thru endcap available Easy access from a lighted intersection 17,300 VPD on State Rte ,400 VPD on Governors Pkwy 12,100 VPD on E. University Dr. Excellent access to I-70, I-55 & I-270/ I-255 Across the street from the campus of Southern Illinois University Edwardsville (SIUE) with enrollment of 14,000 students Adjacent to Edwardsville High School with enrollment of 2,300 students Edwardsville and Glen Carbon are some of the fastest growing communities in the St. Louis region with diverse residential options, a vast selection of retail amenities and an excellent school system. Immediately adjacent to the MCT Nature Trail, part of a 130-mile trail system throughout Madison County 101 S. Hanley Rd, Suite 1900 St. Louis MO info@naidesco.com naidesco.com
3 17,300 VPD Edwardsville Town Center SITE 8,400 VPD 101 S. Hanley Rd, Suite 1900 St. Louis MO naidesco.com
4 Edwardsville Town Center 101 S. Hanley Rd, Suite 1900 St. Louis MO naidesco.com
5 Edwardsville Town Center Edwardsville / Glen Carbon Edwardsville is the County Seat of Madison County, which has over 267,000 residents in the county. The Edwardsville/Glen Carbon market has a population of 46,738 with an average household income of $87,394 and a median household income of $63,536. The leaders of most every community encourage responsible economic development within their borders. Edwardsville is no exception. It is always important to recognize and even facilitate the positive impact of new business investment. Edwardsville has planned and implemented several Tax Increment Financing Districts (TIFs) where the increases in project driven property taxes are reinvested in specifically designated ways for the public good. Moreover, the City, Madison County and a neighboring community are partners in an enterprise zone (another area designated for specific use of property taxes) which was legally established by the Illinois legislature. Depending on demonstrated need, the city has also developed Special Business Districts from which sales taxes can be used to improve and expand infrastructure, elevate standards through enhanced landscaping demands, build and improve streets and generally address other public uses and criteria. Population Households Avg HH Inc 1 Mile 4,558 1,800 $78,812 3 Miles 34,536 13,367 $80,599 5 Miles 49,291 19,152 $85, Miles 172,636 69,526 $69,258 But, Edwardsville s view of economic development is different than that of most municipalities. Economic development is not simply the addition of business addresses. This community sees true economic development as important to every neighborhood. Economic development is essential for the ongoing creation of even stronger synergies that benefits existing businesses. It is a method to generate revenue to constantly upgrade an already vibrant downtown area. In fact, the continuing downtown streetscape that includes new sidewalks, impressive street lighting, benches and other amenities is an example of how grants, local tax revenues and creative ideas can combine to make for a better community. Source: 5
6 Edwardsville Town Center Market Overview However, in addition to the newer and older business areas, the municipality s leadership knows that street and sidewalk improvements in the residential parts of the city also help to establish a very positive community-wide atmosphere. It is that atmosphere a total package of business and residential improvements, enhancements and growth that attracts business investment and encourages citizens to live, work and shop in this community that is already well known for its quality of life. It is an Edwardsville philosophy that in many ways community development equates with economic development. Promoting Economic Growth The Edwardsville/Glen Carbon Chamber of Commerce is southern Madison County's largest business association, representing more than 500 businesses in the region. With a committed and involved leadership, the Edwardsville/Glen Carbon Chamber of Commerce provides business leadership by promoting economic opportunities, advocating in the interests of business, providing members Source: with education and resources, and encouraging mutual support. Located less than 30 minutes from downtown St. Louis, Lambert-St. Louis International Airport and MidAmerica St. Louis Airport, the area offers a central, Midwestern location and multimodal transportation access. Bordered by three major interstates, Edwardsville/Glen Carbon offers easy access to both coasts of the United States. An outstanding selection of well positioned buildings and developed sites are available for prospective businesses. A high quality of life and comparatively stable economy appeal to companies, as do the community s central location, strategically planned infrastructure and strong communications links. Tax incentives and other benefits are in place to ensure that the area continues to be business-friendly. Available, affordable land and access to a productive workforce has led to Edwardsville/Glen Carbon being one of the more desirable locations in the St. Louis metropolitan area for logistics and distribution operations. Edwardsville is home to Gateway Commerce Center and its many large warehouse operations, like Amazon (coming soon), Proctor & Gamble, Hershey, Unilever, Dial and others. It is also home to Lakeview Commerce Park and its state-of-the-art bulk distribution facility. The communities of Edwardsville and Glen Carbon offer new and expanding companies, job growth, a top-rated school district, millions of dollars in capital investment, and unprecedented partnerships among the public, private and academic sectors. One important economic partnership is the Edwardsville Economic Development Alliance (EEDA). A nonprofit organization, the EEDA works to market and promote the area for new business investments and economic growth and development. The city of Edwardsville and Edwardsville Township are the principal financial partners in The Edwardsville Economic Development Alliance, providing 90 percent of the annual operating budget. 6
7 Edwardsville Town Center Market Overview Amazon Dial Edwardsville Community School District #7 Current Edwardsville Developments: Amazon will lease two local distribution centers, bringing 1,000 new jobs to the area. Timberlake Village, on Route 157 and Lewis Road, is a 4.5-acre commercial development. Global Brass and Copper, Inc. Hershey J.F. Electric Madison County Government Madison County Transit A 717,000 SF Distribution Center is under construction in Gateway Commerce Center. A 769,500 SF Warehouse/Distribution Center is under construction in Lakeview Commerce Center. Alpha Omega Commercial Park at Excel Drive will accommodate up to seven retail companies and office developments. Holiday Inn Express recently opened. OHL Phillips 66 Proctor & Gamble Southern Illinois University Edwardsville The Bank of Edwardsville Unilever US Steel Corporation World Wide Technologies Prairie Farms is moving to a new 30,000 SF, three-story headquarters off I-55 in outer Edwardsville New TownPlace Suites and Starbucks to open at Route 157 and Center Grove Rd. Ross Dress For Less recently opened in Edwardsville Crossing Source: 7
8 SIUE: Economic Impact & Resources Lewis and Clark Community College and Southern Illinois University Edwardsville (SIUE) offer quality postsecondary opportunities. In 2012, SIUE School of Business faculty completed an extensive economic impact study to quantify the university's contributions to the community. For fiscal year 2010, SIUE had a total economic impact of $471 million on the region. Beyond the simple numbers, SIUE's contributions to the future of the community are immeasurable. An educated work force is a major factor in attracting high-tech businesses. More than 43,000 SIUE alumni make their homes in the region, and many have advanced degrees, ranging from master's to MBAs to doctorates, in dental medicine and pharmacy. Because an educated work force attracts new and vital business, SIUE is a vital economic driver in the community. SIUE prepares students to become professionals in their fields of study, as well as engaged citizens and leaders in their community. Upon graduation, SIUE alumni are ready to give back to the local community and contribute to the betterment and benefit of the region. In addition, the mere physical presence of SIUE leads to important improvements to the local economy. Over the last five years, SIUE has completed more than half of a $300 million construction and infrastructure improvement plan, and the region has benefited from the construction jobs created through this capital investment. Whether directly through university and related expenditures, or indirectly through the related benefits of an educated work force, SIUE is a key force in the economic development of the region. Source: 8
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