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Simmi Jaggi | Elizabeth Clampitt | Chris Bergmann 713 888 4000

Simmi Jaggi | Elizabeth Clampitt | Chris Bergmann 713 888 4000€¦ · Tommy Bahama, Michael Kors, Kate Spade, Nike, and Ralph Lauren. Annually, the Tanger Outlet Mall receives over

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Page 1: Simmi Jaggi | Elizabeth Clampitt | Chris Bergmann 713 888 4000€¦ · Tommy Bahama, Michael Kors, Kate Spade, Nike, and Ralph Lauren. Annually, the Tanger Outlet Mall receives over

Simmi Jaggi | Elizabeth Clampitt | Chris Bergmann

713 888 4000

Page 2: Simmi Jaggi | Elizabeth Clampitt | Chris Bergmann 713 888 4000€¦ · Tommy Bahama, Michael Kors, Kate Spade, Nike, and Ralph Lauren. Annually, the Tanger Outlet Mall receives over

LocationLocated just 30 minutes away from Houston’s CBD, Lago Mar is located at the intersection of Lago Mar Blvd and I-45 South in Texas

City. Lago Mar is an approximately 3,300 acre master planned development projecting up to 5,000 homes at build out. There are

150 homes on the ground today and projecting 300 homes by year end. Lago Mar offers over 200 acres of commercial reserve on the

east side of I-45 with over 7,500 feet of I-45 frontage.

The Tanger Outlet Mall is an open air outlet mall that opened in 2012. It is located to the west of the site and is anchored by Coach,

Tommy Bahama, Michael Kors, Kate Spade, Nike, and Ralph Lauren. Annually, the Tanger Outlet Mall receives over 5 million visitors.

Lago Mar itself is a draw for the fun-loving and savvy public who can spend the day browsing fashion trends at the Tanger Outlet Mall,

near the community’s entrance, and a 25-acre amusement park opening soon.

Property Highlights

INTERSECTION VEHICLES PER DAY

IH 45 north of Holland 115,200

IH 45 south of Holland 83,100

SIZE

± 483 acres total size:

± 184 acres of commercial reserves fronting the Gulf Freeway

± 299 acres single family land

* seller will consider subdividing

UTILITIES

The property is located in in-city MUDs and utilities are (or

shall be made) available from Texas City and the MUDs to

serve sites.

2014 Average Daily Traffic Counts except (*) that are 2011 24-Hour Traffic Counts.

2016 ESTIMATE 5 MILES 7 MILES 10 MILES

Population 67,281 124,824 229,257

Avg. Household Income $72,973 $78,592 $85,461

Median Age 35.1 35.2 35.9

2016-2021 Annual

Population Growth1.79% 2.00% 1.93%

RESTRICTIONS

Covenants, conditions and restrictions affecting the property

are filed of record imposing use, architectural, landscaping,

signage, sound and lighting restrictions.

FLOOD PLAIN

The property is above the 100 Year Flood Plain.

PRICE

Pricing will depend on size, configuration and location. Please

call for pricing information

Source: US Census Bureau. 2016 Esri forecast

TRAFFIC COUNTS DEMOGRAPHICS

Page 3: Simmi Jaggi | Elizabeth Clampitt | Chris Bergmann 713 888 4000€¦ · Tommy Bahama, Michael Kors, Kate Spade, Nike, and Ralph Lauren. Annually, the Tanger Outlet Mall receives over

Development Plan

Future Holland Road

extension

FutureCentral Park Blvd

extension

Future site of

Future shopping center

Apartments under construction

Future site of

SOLD

Page 4: Simmi Jaggi | Elizabeth Clampitt | Chris Bergmann 713 888 4000€¦ · Tommy Bahama, Michael Kors, Kate Spade, Nike, and Ralph Lauren. Annually, the Tanger Outlet Mall receives over

JLL - www.JLLRetail.comThe information contained herein was obtained from sources deemed to be reliable. However, JLL makes no guarantees, warranties, or representations as to the completeness or accuracy thereof.

Texas City, TX

18,57

0 VPD

42,386 VPD

32,614 VPD

3-Mile Radius

SITES

Mainland Crossing Shopping Center

Mall of the Mainland

Future Central Park Blvd extension

Future Holland Road extension

Future site of

Future shopping center

Apartments under construction

Future site of

Sold

Page 5: Simmi Jaggi | Elizabeth Clampitt | Chris Bergmann 713 888 4000€¦ · Tommy Bahama, Michael Kors, Kate Spade, Nike, and Ralph Lauren. Annually, the Tanger Outlet Mall receives over

JLL - www.JLLRetail.comThe information contained herein was obtained from sources deemed to be reliable. However, JLL makes no guarantees, warranties, or representations as to the completeness or accuracy thereof.

Texas City, TX

18,57

0 VPD

42,386 VPD

32,614 VPD

3-Mile Radius

SITES

Mainland Crossing Shopping Center

Mall of the Mainland

Future Central Park Blvd extension

Future Holland Road extension

Page 6: Simmi Jaggi | Elizabeth Clampitt | Chris Bergmann 713 888 4000€¦ · Tommy Bahama, Michael Kors, Kate Spade, Nike, and Ralph Lauren. Annually, the Tanger Outlet Mall receives over

About Texas CityTexas City is fortunate to have a diversified economy. Heavy industry is the largest and was, since the 1900’s, the City’s only economic

engine until the City’s economic development strategists realized the City’s vulnerability and began diversifying the economy. Now,

the City’s economy is driven by several industries including residential, commercial, retail, marine, entertainment and environmental

developments, higher education, tourism, health care, sports, transportation, birding, fishing, boating and restaurants. This

diversification evolved from the City’s economic development strategists who created the numerous economic development vehicles

that are available to accommodate the requirements of economic development projects.

Page 7: Simmi Jaggi | Elizabeth Clampitt | Chris Bergmann 713 888 4000€¦ · Tommy Bahama, Michael Kors, Kate Spade, Nike, and Ralph Lauren. Annually, the Tanger Outlet Mall receives over
Page 8: Simmi Jaggi | Elizabeth Clampitt | Chris Bergmann 713 888 4000€¦ · Tommy Bahama, Michael Kors, Kate Spade, Nike, and Ralph Lauren. Annually, the Tanger Outlet Mall receives over

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. All marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

Simmi JaggiManaging Director713 888 [email protected]

Elizabeth ClampittSenior Vice President713 888 [email protected]

Chris BergmannVice President713 425 [email protected]

JLL1400 Post Oak Boulevard Suite 1100Houston, Texas 77056