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Austin Marketplace – Austin, MN
Austin is the largest town and county seat in Mower County. Austin is the city center of an agricultural area with highly productive farmland. Hormel Foods Corporation is the largest employer in Austin, where its factory makes most of North America's Spam tinned meat. Food processing plays a dominant role in the City's economy. Hormel and Quality Pork Processors, a contract food processing firm serving Hormel, are by far the largest private employers in Austin. The next largest employer is the Austin Medical Center, an affiliate of the Mayo Clinic. The government, education, hospitality, and retail sectors comprise much of the remainder of Austin's employment base. Austin is sometimes called "Spam Town USA", as it is home to Hormel's headquarters, Hormel’s Cancer Research Institute, the Hormel Foundation and the Spam Museum.
Austin Marketplace – Location Map
Austin Marketplace – Community
Hormel Foods is the 14th largest “Minnesota Top Fortune 500 Companies”. In 2017 they ranked 295 of the Fortune 500 Companies, up from the previous year. In addition they ranked number 19th in 2018 for “Top 25 Largest Employers in Minnesota”. The Hormel Foundation is a separate entity from Hormel Foods Corp. The Hormel Foundation is a non-profit 501(c) (3) organization established in 1941 by Hormel Foods Corporation founder George A. Hormel and his son, Jay C. Hormel. The Hormel Foundation is largest single owner of Hormel Foods, and per the written agreement between Hormel Foods and The Hormel Foundation the company cannot sell more shares than owned by The Hormel Foundation, and the company is to be based permanently in Austin, MN per George and his son, Jay’s, requirement. Contributions (Profits) from The Hormel Foundation directly benefit the Austin, MN area. The Hormel Foundation was reorganized in 1980 as a supporting organization under I.R.C. Section 509(a) (3). As a supporting organization, it is organized and operated for the benefit of those charitable or educational organizations represented on its board. The Hormel Foundation ranks fourth in annual giving among Minnesota’s largest community/public foundations and public charity grant makers, with those in the lead located in the Twin Cities, according to the Minnesota Council on Foundations. The Hormel Foundation’s contributions are a direct result from the dividend increases of Hormel Foods’ common stock – the Foundation’s main asset. The Hormel Foundation supports the community through organizations that provide food, shelter and clothing, advance quality healthcare, education and research and enhance the quality of life through projects such as the Cancer Research Institute, the newly completed Jay C. Hormel Nature Center Interpretive Center and the $35 Million Austin Community Recreation Center project now underway. Since inception, The Hormel Foundation has
contributed over $244 Million into the Austin, MN community. https://www.youtube.com/watch?v=AK9Dl3-SIvU&feature=youtu.be Austin is also home to the Austin Bruins, which is a junior hockey team in the NAHL. Austin has an Art Center, local airport, Riverland Community College and a public library that also bring people from the surrounding areas.
Austin Marketplace – Statewide Employment
Austin Marketplace – Market Aerial
NEW
Future Hobby Lobby & Ashley Furniture
Austin Marketplace – Retail Aerial
This development is located in the dominant retail area in the Austin trade area. The site has over 18,000 vehicles per day passing on I-90 that carries people from South Dakota to the west, through Worthington and Albert Lea to Rochester and Wisconsin to the east. Austin has the most retail synergy in the area. People from Albert Lea (population of 17,600), approximately 23 miles west, easily come to Austin (population of 24,700) for their shopping needs. When completed in 2019 this development will change shopping patterns in Southern Minnesota. Thus, this center will cut off shoppers that are traveling from the West (Albert Lea, Worthington, etc) into Rochester for their specialty shopping needs. In addition, Furniture Mart, USA, Ashley Furniture’s second largest licensee, recently bought the former Target building. They are opening a 40,000 SF Ashley Furniture store and 50,000 SF Hobby Lobby by end of 2019.
Austin Marketplace – Site Aerial • Hy-Vee opened their new 81,880 square foot grocery store April 2017. • Wal-Mart Supercenter is just to the north while ShopKo adjacent to this development are the major anchors in the community. • Marshalls, Five Below and Pet Supplies Plus and Shoe Sensation all new to the market. •Maurices is relocating from another center within the market. • Outparcel spaces For Lease
Monument Sign
Pylon Sign
OUTPARCEL
Austin Marketplace – Tenant Info
Austin Marketplace – Outparcel For Lease
PROPOSED OUTPARCEL PLAN – Subject to Change
Austin Marketplace – Pylon & Monument Signs
Monument Sign
Interstate Pylon Sign
Dean Slaby President
Email: [email protected]
Direct: 608-219-8506
Victor Baeten Vice President
Email: [email protected]
Direct: 920-621-1493
807 Liberty Drive, Suite 106
Verona, WI 53593
Office: 608-333-4130
Fax: 608-845-2296
https://slabyandassociates.com
Austin Marketplace – Contact Information
