Shoppes at Vermella Union1 0 1 1 M O R R I S A V E N U E A T G R E E N L A N E

U N I O N , N E W J E R S E Y

M I X E D U S E / R E T A I L / R E S I D E N T I A L D E V E L O P M E N T

MO

RRIS

AVEN

UE

Under Construction - Delivery Spring 2019

Shoppes at Vermella Union1 0 1 1 M O R R I S A V E N U E A T G R E E N L A N E

U N I O N , N E W J E R S E Y

M I X E D U S E / R E T A I L / R E S I D E N T I A L D E V E L O P M E N T

Retail Space 1,500 - 16,085 sf + pad site available

Asking Rent Upon Request

NNN TBD

Parking 236 retail parking spaces

Pylon & Building Signage Yes

Residential Units 1,264 units on site

Kean University 16,000 students & faculty

Studio 4771 BR 6072 BR 1803 BR 0Total 1264Studio Percentage 38%1 BR Percentage 48%2 BR Percentage 14%

Retail Delivery Spring 2019

2

exceptional market

2MILE RADIUS

Residential Population141,222

Employee Population47,219

Student Population15,221

Households49,110

nj transit union station kean university - green lane academic building

kean university - business school rendering(2020 completion)

3

3 mile302,689 pop.

UNION PLAZA SHOPPING CENTER

Office Square Footage

1 Mile Radius 264,544 sf2 Mile Radius 1.7 million sf3 Mile Radius 2.7 million sf

Multi-Family Units

1 Mile Radius911 existing units & approx.

1,700 units proposedor under construction

2 Mile Radius14,159 existing units &

approx. 1,700 units proposed or under construction

3 Mile Radius25,254 existing units andapprox. 1,990 units pro-

posed or under construction

Union Retail Map

4

STATEN ISLAND

BAYONNE

THE MILLS AT JERSEY GARDENS

NEWARK

ELIZABETH

LINDEN

CRANFORD

GARWOOD

UNION

VAUXHALL

MILLBURN

UNION

IRVINGTON

SITE

Hillside High School818 students

Albert Einsten School793 students

Dr. Orlando Edreira Academy502 students

MAIN CAMPUS

EAST CAMPUS

LIBERTY CAMPUS

New RetailDevelopment

1 mile24,061 pop.

MORRIS AVENUE

MO

RRIS AVENUE

NJ Transit to Hoboken/ NY Penn Station

N

UNION PLAZA SHOPPING CENTER

25,264 AADT

Facts & FiguresTOTAL STUDENT

POPULATION15,221

ON-CAMPUSRESIDENTS

1,728

TOTAL FULL-TIME FACULTY

352ADJUNCTFACULTY

953

Mid-Level Aerial

5

1.55 miles to GSP

MORRIS AVENUE

27,312 VPD

MORRIS AVENUE

LEHIGH AVENUE

RARITAN VALLEY LINE

Kean University: Business School

Coming Soon(2020 completion)

New JerseyCenter for Science,

Technology andMathematics Nathan Weiss

Graduate College

MironStudentCenter

WilkinsTheatre

Vaughn-EamesHall

North AvenueAcademicBuilding

NORTH AVENUE

DownsHall

Nancy ThompsonLibrary

WillisHall

HutchinsonHall

ScienceBuilding

BruceHall

TownshendHall

AdministrationBuilding

TechnologyBuilding

Maxine & Jack Lane Center for Academic

Success

UpperclassmanResidence

HallFreshmanResidence

Hall

BartlettHall

SozioHall Rogers

Hall

BurchHall

DougallHall Whiteman

Hall

Receiving/DeliveriesFacilities

CougarHall

HarwoodArena

D’AngelaGymnasium

AlumniStadium

Jim Hynes ‘63Stadium

TennisCourts

KeanHall

TownleyHouse

Green LaneAcademicBuilding

EnlowRecital Hall

Alumni House

Liberty HallAcademic Center

Liberty HallMansion

CarriageHouse

Elizabethtown GasBuilding

COLONIA

L AVENUE

N

Proposed

Low-Level Aerial

6

Kean University - Green Lane Academic Building

Union Station

AVE Union Luxury Apartments

MORRIS AVENUE

Leasing Office& Amenities

Clubhouse & Pool

27,312 VPD

Conceptual Site Plan

Kean University: Business School

Coming Soon(2020 completion)

Retail Pylon Sign

E1 & E2AffordableHousing

Dog Run

Loading Zone & Shuttle Stop

A

C

E1 E2

D

B2

B3

B1

FutureDevelopment

7

Retail

368

Uni

ts

44 U

nits

44 Units

448

Uni

ts44

8 U

nits

8

Conceptual Retail Site Plan

LEASE LEGEND

SPACE # USE SF

A NATIONAL BAKERY CAFE(IN LEASE)

4,200

TOTAL (BUILDING A) 4,200

B1 AVAILABLE 4,406

B2 AVAILABLE 1,533

B3 AVAILABLE 1,535

B4 AVAILABLE 2,051

B5 MEDITERRANEAN 2,127

B6 AVAILABLE 4,433

TOTAL (BUILDING B) 16,085

C1 NATIONAL MEXICAN (IN LEASE)

2,400

C2 AVAILABLE 2,827

C3 ITALIAN RESTAURANT 2,895

C4 AVAILABLE 1,907

C5 AVAILABLE 2,283

C6 NATIONAL COFFEE (IN LEASE)

2,250

TOTAL (BUILDING C) 14,562

B4

ME

DIT

ER

RA

NE

AN

C2

C4

C5

C1NATIONALMEXICAN

C3PIZZA

C6NATIONAL

COFFEE

ANATIONAL

BAKERY CAFE

B5B2 B3 B6RESTAURANT

SPACE AVAILABLE

B1

DEMOGRAPHICS1 mile radius 2 mile radius 3 mile radius

Population

2018 Estimated Population 24,061 141,222 302,689

2023 Projected Population 24,522 144,791 311,1142010 Census Population 23,076 136,108 290,050

2000 Census Population 22,616 136,798 288,888

2018 Median Age 37.2 36.9 36

Households2018 Estimated Households 7,611 49,110 105,1362023 Projected Households 7,834 50,973 109,368

2010 Census Households 7,374 47,666 100,7622000 Census Households 7,480 48,013 100,767

Projected Annual Growth 2018 to 2023 0.6% 0.8% 0.8%

Historical Annual Growth 2000 to 2018 0.1% 0.1% 0.2%

Race2018 Estimated White 55.9% 47.2% 39.5%

2018 Estimated Black or African American 25.8% 33.5% 42.7%2018 Estimated American Indian & Native Alaskan 0.2% 0.4% 0.4%

2017 Estimated Asian & Pacific Islander 7.4% 5.2% 4.2%2018 Estimated Other Races 10.7% 13.7% 13.2%

2018 Estimated Hispanic 28.2% 38.0% 34.5%

Income2018 Estimated Average Household Income $101,396 $77,501 $71,2072018 Estimated Median Household Income $83,243 $61,966 $57,326

2018 Estimated Per Capita Income $32,201 $27,105 $24,881

Education (Age 25+)2018 High School Graduate 32.7% 35.2% 35.2%

2018 Some College 19.1% 19.9% 20.3%2018 Associates Degree Only 4.9% 5.7% 6.1%2018 Bachelors Degree Only 20.0% 14.6% 13.7%

2018 Graduate Degree 9.2% 7.2% 6.4%

Business/Daytime2018 Estimated Number of Businesses 649 4,371 10,001

2018 Estimated Total Number of Employees 7,267 47,219 116,864

9

Whether it is financial services, high end designers, new retail concepts, big boxes or major owners and developers,

Ripco can implement storefront strategies. We understand retail real estate in New Jersey has an intrinsic value and

we can help in ascertaining that worth for both retailers and developers.

Please visit us at www.ripconj.com for more information.

Licensed Real Estate Broker.All information is from sources deemed reliable and is submitted subject to errors, omissions, change of price, terms, rental prior sale and withdrawal notices.

Jake Frantzmanjfrantzman@ripconj.com

Curtis Nassaucnassau@ripconj.com

125 Chubb AvenueSuite 150 SLyndhurst, NJ 07071201.777.2300

EXCLUSIVE REPRESENTATION

10