A DOMINANT ±10,000 SQUARE FOOT POWER CENTER 100% LEASED LOCATED AT THE ENTRANCE TO A SUPER-REGIONAL MALL HOLYOKE CROSSING HOLYOKE, MA
HFF is pleased to exclusively present the sale of Holyoke Crossing, an attractive ±10,000 square foot power center located in Holyoke, Massachusetts. The property is ideally positioned adjacent to the intersection of Interstate 90 (Massachusetts Turnpike) and Interstate as well as at the entrance of the 1. million square foot Holyoke Mall, one of the largest malls in New England. Shoppers travelling to the super-regional mall from the highway must pass by Holyoke Crossing as they travel both to and from the mall off I- at Exit 15. The Holyoke Mall features national credit tenants including Apple, Target, Pottery Barn, Sephora, DSW, Babies R Us, and many more. The mall serves as a powerful shadow anchor drawing shoppers to the property on a daily basis. Holyoke Crossing is 100% leased and is home to several of the country s most wellrespected retailers, including TJ Maxx, Bed Bath & Beyond, PETCO, and Ulta Cosmetics. The property provides income stability with long-term leases, national tenants with strong sales, excellent accessibility, and is shadow anchored by the area s only superregional mall in a 0-mile radius. Holyoke Crossing enjoys tremendous access to a trade area of over 1,20,000 people within a 0-mile radius including prestigious universities such as Amherst, Smith College and University of Massachusetts as well as Mount Holyoke and Hampshire College. INVESTMENT HIGHLIGHTS Excellent Location & Access: The property is adjacent to the intersection of Interstate 90 (Massachusetts Turnpike) and Interstate (at Exit 15) the only direct interstate access point to the super-regional Holyoke Mall. Secure Cash Flow: Currently 100% leased to a host of national tenants, including T.J. Maxx, Bed Bath & Beyond, PETCO, Ulta, Men s Warehouse, and a well performing Barnes & Noble. Holyoke Mall Shadow Anchor: The property is located at the only entrance to Holyoke Mall which draws over 8,000,000 shoppers annually and is the only enclosed mall in a 0-mile radius. The 1. million square foot Holyoke Mall, one of the largest malls in New England, features retail giants such as Apple, Target, Pottery Barn, Sephora, DSW, Babies R Us, Macy s, JCPenny, and many more. Strong Trade Area: Approximately 1,20,000 people with an average HHI of $80,700 in a 0-mile radius. Additionally, there are approximately 0,000 students who attend the five local colleges in close proximity to the property including prestigious universities such as Amherst, Smith College and University of Massachusetts as well as Mount Holyoke and Hampshire College. Unencumbered: Holyoke Crossing is being offered free and clear, allowing investors to take advantage of the attractive state of the debt markets or deploy a meaningful amount of equity. EXIT 90 Holyoke Mall Excess Parking Lot Holyoke Street Holyoke Crossing Lower Westfield Road Whitney Avenue EXIT 15 201 HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff. Holliday Fenoglio Fowler, L.P. ( HFF ) has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.
PROPERTY SPECIFICS ADDRESS: 7-5 Holyoke Street (I- @ Exit 15) TOWN, STATE: Holyoke, Massachusetts LEASABLE SF: ±10,1 Square Feet LEASED: 100% PARKING: spaces (.58/ 1,000 SF) ACRES: ±15.05 ZONING: Holyoke Crossing Easthampton HAM MP E AS T HA P TON S OU TH H A DL E Y South Hadley SC Shopping Center 10-MILE TRADE AREA: 7,1 people; Avg. HHI $,811 0-MILE TRADE AREA: 1,05,20 people; Avg. HHI $80,87 MA 17 1 HHolyoke OLYOKE 1 I Barnes Municipal Airport I 90 15 1 Westfield W ES T F IEL D 90 I 90 MA 5 B A 1 90 Westover ARB/Metropolitan Airport MA CURRENT IN-PLACE NOI: $2,510,18 7 90 Chicopee 2 I 2 CH ICOP E E 1B 1A 2 I 11 10 8 2A FINANCIAL SUMMARY DEBT: Offered free and clear of debt Ludlow encumbrance. Properties such as Holyoke Crossing are generating very aggressive loan quotes. For further information please contact Porter Terry at HFF at 17-88-157.
EXIT 15 LOWER WESTFIELD ROAD HOLYOKE CROSSING HOLYOKE STREET Mall
HOLLIDAY FENOGLIO FOWLER, L.P. One Post Office Square, Suite 500 Boston, MA 02109 TEL: (17) 8.0990 FAX: (17) 8.2150 hfflp.com JAMES KOURY Senior Managing Director T: 17.88.155 jkoury@hfflp.com ANDREW GRAY Senior Real Estate Analyst T. 17.88.1579 agray@hfflp.com