LEASING opportunitiesCOLONIE CENTER | ALBANY, NEW YORK
COLONIECENTER AT A GLANCE
Colonie Center generates in excess of $280 million in sales annually with top producers Macy’s, Boscov’s, L.L. Bean, Sephora, Bose, P.F. Chang’s, The Cheesecake Factory, and a state-of-the-art all digital Regal Cinema.
DAILY TRAFFICThe daily road traffic of Wolf and Central combined is 74,501 vehicles daily. An additional 111,371 vehicles pass by on I87. Total daily traffic count: 187,191.
VOTED “THE BEST SHOPPING CENTER” IN THE CAPITAL REGION for the past seven years in a Times
Union readers poll. The Center is in the midst of a multi-million dollar renovation to
which will continue to upgrade and ambiance that is unparalleled in the Capital Region. The renovations will include new contemporary restrooms, makeovers to the food court and center court experiences, and comfortable soft seating areas throughout the center slated to be completed by Fall of 2015
There are 22 Colleges and Universities within 50 miles with an economic impact of over $200 million. The
student population of over 108,500 graduate from well-known universities such as Union College, Rensselaer Polytechnic Institute, Skidmore College, Siena College, and the State University at Albany whose College of
Nanoscale Science and Engineering houses one of the most advanced 200mm/300mm wafer facilities in the academic world.
ONE-OF-A-KIND RETAILColonie Center is home to several unique retailers and eateries found locally only at Colonie Center. Some are the only locations in the Capital Region. The list includes: L.L. Bean, Whole Foods, Sephora, Bose, Charming Charlie, The Body Shop, The Christmas Tree Shops, The Cheesecake Factory, P.F. Chang’s, and opening in Fall of 2015, Nordstrom Rack.
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overachievers
L.L. BEAN is the second highest grossing store in the retail chain. It is bested only by the chain’s flagship store in Freeport Maine.
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MACY’S is a top producer in the region. Its success has earned it the nickname “Mini Herald Square” by Macy’s Management.
BARNES & NOBLE doubled their sales upon relocation. They are the second highest grossing location in the northeast region.
SEPHORA doubled their initial projected sales volume and is one of the most successful stores in the region.
CHARMING CHARLIE is a top 20 store in the national chain; and a top three regionally, often occupying the number one spot for monthly sales.
THE CHEESECAKE FACTORY is a top 20 store in the national chain; sales trending 21% above national average.
WHOLE FOODS MARKET had the seventh best opening in company history. The store is currently trending to be a top performer regionally.
BY THE NUMBERS
15 30mile trade area
TRADE AREA DEMOGRAPHICS
mile trade area
Total Population ................................................ 639,224
Total Households ............................................... 262,921
Average Household Income ..........................$77,997
Average Household Income $75,000+ ........ 38.6%
Associates Degree or Higher ...........................46.6%
Median Age ................................................................... 39
Total Population ................................................909,955
Total Households .................................................371,951
Average Household Income ..........................$77,709
Average Household Income $75,000+ ........ 38.6%
Associates Degree or Higher ...........................45.0%
Median Age ............................................................... 40.3SOURCE: © 2013 Experian, Inc. All Rights Reserved, Alteryx, Inc.
SHOPPERprofileLEISURE SPENDING
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COLONIECENTER
Average Household Income .................. $82,179
Median Age ..................................................... 45.79
Own their own home .................................71.30%
Average time in present home ......................10.65 yrs
Market Value of Owned Home ..........$228,487
4-Year College Degree or Higher ......... 40.10%
Race/White ................................................. 88.20%
Men ................................................................. 45.20%
Women .......................................................... 54.80%
Married .......................................................... 53.90%
Employed Full or Part Time ...................72.60%
Employed in White Collar Jobs ............52.70%
18.9% Eat at a sit-down restaurant at least 6 times a month.
30.1% Have been to the movie theater between 1 and 3 times in the last 30 days.
SOURCE: ©Scarborough 2015 All County of Residence: Albany, Schenectady, Rensselaer, Saratoga. Projected: 672,290 Respondents: 1,444
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What DOES THE COLONIE CENTER SHOPPER MEAN TO YOU?
Based on the most recent Scarborough data, the Colonie Center shopper is more likely to spend substantially more money in key categories than the average Capital Region resident.
The Colonie Center Shopper is...
35% more likely to spend $500 or more on cosmetics, perfumes, or skin care items
34% more likely to spend
$500 or more on women’s
shoes
80% more likelyto spend
$500 or more on costume
jewelry
30% more likely to spend
$500 or more on women’s business clothing
39% more likely to spend $500 or more on men’s business clothing
33% more likely to
spend $500 or more
on men’s casual clothing
SOURCE: ©Scarborough 2015 All County of Residence: Albany, Schenectady, Rensselaer, Saratoga. Projected: 672,290 Respondents: 1,444
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SOURCE: © 2013 Experian, Inc. All Rights Reserved, Alteryx, Inc.
shopatcoloniecenter.com Clifton Realty Management
RENOVATIONSunderwayColonie Center is currently undergoing a multi-million dollar center-wide renovation. These upgrades are designed with our patrons in mind and will work to enhance and modernize their overall shopping experience. The attention to detail and personal touches seen throughout the upgrades will tranform the look and feel of Colonie Center as a modern, family-friendly shopping destination.
Earlier this year, lower level restrooms and a state-of-the art family lounge were completed. Facilities were added to accommodate the increased shopper base and provide necessary ammenities for shoppers with young children including nursing rooms and a television lounge.
By Fall of 2015, Colonie Center’s center court, food court, soft seating areas and upper level restroom renovations will be complete. The new designs will help to offer patrons an unparalleled shopping destination in the region.
Food Court
Center CourtSoft Seating
LEASE PLAN
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COLONIECENTER
LEVEL ONE
LEVEL TWO
Mach. Rm.
Freight
Elevator
Equipment RoomOffice Storage
Mach. Rm. Elev. #2
Planter
Planter
Pla
nterBridge
Up
Up
Up
Elev.#7
Ele
v.#4
UpDown ObservationElevator
Planter
Planter
Water Spillway Water Spillway
Planter
Planter
Up
Ele
v.#3
Elec.Closet
Up
Machine Rm.
Ele
v.#1
Jani
tor's
Clo
set
Time Clock Area& Entrance to C.P.
BathroomC.P. Office
305,000 SF
91'-8"
Sunglass Hut180 sf(rr)
Piercing Pagoda180 sf(rr)
ELE
CTR
ICA
LR
OO
M
366
38'-0"
25'-7
"
34'-9"
50'-7
"
9'-2"
24'-0
"42
'-6"
14'-9"
81'-4"
75'-1
0"
38'-6"
15'-0
"
105'
-9"
334321
322
326
331
360
54'-1
0"
155'-9"
133'-2"
223'
-10"
138'
-3"
54'-0
"
160'-0"
20'-0
"
20'-0
"
18'-1
0"
25'-1
0"
19'-1
0"
19'-1
0"
14'-0
"
32'-6
"
20'-10"
25'-6"
31'-6
"
8'-6
"
56'-10"
43'-0
"
21'-3
"
39'-9
"
64'-10"
77'-0
"
328
140
342
26'-4"
21'-8
"
29'-3
"
330
Cheesecake Factory10761 sf(rr)
61'-4
"
26'-0"
41'-0
"
320
ELRM
225,000 SF
Pay
less
Sho
esou
rce
4369
sf
Car
lton
Car
ds30
90 s
f
MA
CY
S
BOSCOVS
38'-2"
50'-0"
28'-0
"
38'-0"
43'-0
"
14'-0"
42'-1"
30'-4
"
12'-0
"
24'-0"
14'-0"
14'-0"
36'-3
"
28'-1
0" 14'-1
0"
82'-1
"
103'
-0"
103'
-0"
103'
-0"
29'-8" 31'-0 "
97'-8
"
116'
-3"
80'-0
"
41'-3"
41'-3"
76'-5
"
86'-0
"
66'-0
"
91'-6
"
111'
-6"
111'
-6"
44'-5
"
14'-0"
28'-0"
24'-3
"
30'-11"
141'
-2"
126'
-2"
126'
-2"
93'-8"
126'
-2"
114'
-6"
114'
-6"
108'
-3"
108'
-3"
108'
-3"
54'-1"30'-0"60'-0"
14'-2"
62'-6"
15'-0:
6'-9"
14'-0"
26'-0"
13'-3"
42'-0"15'-0"
13'-0"
22'-0
"
21'-3"
19'-0
"19
'-7"
120'-0"
95'-1
0"
52'-4"
56'-5"
CHILDREN'S PLAY AREA
Berkshire Bank ATM15 sf(rr)
97'-8
"
Mot
herh
ood
Mat
erni
ty29
99 s
f
Gle
npet
er J
ewel
ers
2745
sf
Nail Studio825 sf
305P.F. Changs7767 sf(rr)
118'-6"
73'-0
"
31'-3"
Joli
2039
sf
29'-8"
Lim
ited
Exp
ress
8901
sf
NY
& C
o.91
76 s
f
Bod
y S
hop
841
sf
Can
dles
& M
ore
1806
sf
44'-5
"
15'-0"
14'-0"
MallOffice
SecurityOffice
Sep
hora
5855
sf
FYE
6684
sf
2489
2 sf
275,
000
SF
SE
AR
S
93'-6
"
Bos
e26
41 s
f
Cof
fee
Bea
nery
783
sf
Auntie Annes904 sf
GNC1590 sf
2269
sf
7014
sf
29'-11"
Elev Mach.Rm #4
Owners Room
323 327
337345
353
142
152
314310
164 162
102 104 110 122114
144
K1K2K3
K5
K6
K3K1 K2
K5K6
130
K7
K7
K4
165
ATM1
ATM1
353A
Time & Time Again144 sf(rr)
144 sf(rr)
0 sf(rr)
K9
Storage
Storage
Storage
Storage
K9 150 sf(rr)
154
Cra
zy 8
2075
sf54
'-6"
14'-0"
51'-0"
Hot Cuts771 sf
1600 sf
Verizon1785 sf
Bar
nes
& N
oble
3444
0 sf
K4
164 sf(rr)
Wireless Accessories144 sf(rr)
ESCALATOR &ELEVATOR TO CINEMA
194
L.L.
Bea
n
2929
7 sf
319AT&T679 sf
2468
sf
301A
301
302
Cha
rmin
g C
harli
e83
19 s
f
Five GuysBurgers & Fries2918 sf
126
Kay Jewelers1197 sf
Sho
e D
ept
5287
sf
Just
ice
for G
irls
4020
sf
27'-1
"
41'-0
"
326A
MoesSouthwest Grill
2450 sf
Menchies1349 sf
709
4 sf
Bro
okst
ones
3262
sf
410
sf
Liberty Travel1,273 sf 324
311
317
Spr
int
1383
sf
1118
sf
WH
OLE
FOO
DS
NordstromRackEntrance3,132 sf
FutureDevelopment2,763 SF
105'
-6"
35''-3"
13''-2"
21'
19'-6
"
56'-1
1"
41'-3"
92'-9
"
12'-5
"
49'-1"
49'-1"
48'-10"
40'-9
"
12'-8"
12'-2
"
6'-1
0"
6'
32' 44'-10"
50'-2
"
10'-9
"
18'-7"
75-3"
47'-9
"
42'-1"
75'-1
0"
13'
17'-1"
83'-9"55'-5"
32'
26'-3"
63'-9
"
14'-0"
7'-3"
14'-0
"
8'-0
"
31'-3"
44'-0
"
48'-5"
14'-0
"
13'-0
"
14'-0"
14'-0"
81'-0
"
20'-2
"
13'-9
"
39'-6"
89'-3
"
25'-1
0"
9'-1"
33'-8" 30'-0" 30'-0"
3785
sf
3785
sf
2055
sf
106 112
2437
sf
CV
S68
25 s
f
60'-0"23'-9"160 156
2042 sf
15'
324A
301
1074
9 sf
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SITE PLAN
LEASABLE areaTotal Center GLA.....................1,340,731 s.f.
Small Shops ...............................330,481 s.f.
Anchors (Total) .......................1,010,250 s.f.
Macy’s ....................................299,436 s.f.
Sears ......................................275,811 s.f.
Boscov’s .................................225,000 s.f.
Christmas Tree Shops ..............56,300 s.f.
Regal Cinemas ........................55,268 s.f.
Nordstrom Rack .......................34,698 s.f.
Barnes & Noble........................34,440 s.f.
L.L. Bean ...................................29,297 s.f.
shopatcoloniecenter.com Clifton Realty Management
COLONIECENTER
Site Plan
Colonie Center131 Colonie Center
Albany, New York 12205
N
Revision Date
05/04/15
AUTOMOTIVE
CENT
RAL
AVEN
UE
(THIRD LEVEL)
(SECOND LEVEL)
RING ROAD SHED
HEALTH CLUB
SAND
CRE
EK R
OAD
WOLF ROAD
RETENTIONPOND
RETENTIONPOND CONVENIENCE
STORERETENTION
POND(FIRST LEVEL)
(FIRST LEVEL) (SECOND LEVEL)
FUTUREPAD SITE
RETENTIONPOND
AERIAL VIEW
Opening Date......................................1966
Renovation Date ..................................2008
Site ..................................................96 Acres
Parking ...................................5,297 spaces
Levels ..........................................................2
Total Stores ...........................................100+
PROPERTY DATA
NEW YORK
87
NEW YORK
87
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COLONIECENTER
T H E REGION
COLONIECENTER
Being the Capital, Albany is
the hub of the Northeast and
home to over 110,000 state,
local, and federal employees.
A network of service industries,
restaurants, entertainment
venues, and related businesses,
have grown up in Albany to
serve the needs of government.
To accommodate local
businesses, there are 30 hotels
within a two mile radius of Wolf
Road totalling 3,581 rooms
which are near capacity every
weekday. Annually there are an
estimated 2,239,199 overnight
visitors to the area.
Planes Trains Automobiles
Albany is easily accessible via road, rail, air and waterways.
It is a three (3) hour drive from New York City and Boston and a four (4) hour drive from Montreal.
The Albany International Airport handles an average of 110 daily commercial arrivals and departures.
The Albany–Rensselaer Rail Station has become the ninth-busiest in the country, as well as the
busiest to serve a metro area with a population smaller than 2 million.
Albany is a popular day trip locale for residents of the Adirondacks and Saratoga to the north, the
Catskills and Hudson Valley to the south, the Berkshires and Vermont to the east, and the Finger
Lakes region to the west.
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COLONIECENTER
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$450 MILLION CASINO, RESORT & MIXED-USE DEVELOPMENTIn December 2014, New York State granted Rush Street Gaming approval to develop and operate a $300 million Rivers Casino & Resort at Mohawk Harbor in Schenectady, just west of Albany. The facility will include 1,150 slot machines, 66 table games, a 150-room hotel, steakhouse, entertainment lounge, banquet facility, day spa and outdoor patio areas.
Alongside the casino, an additional $150 million mixed-use development will provide residential and commercial spaces, a 124-room Marriott hotel and 50-slip harbor on the Mohawk River and Erie Canal.
The casino is slated to open by early 2017 and will bring approximately 1,200 jobs to the region and approximately 1,400 construction jobs.
THE HEART OF UNIVERSAL INNOVATION IN OUR BACKYARD The ‘high-tech ecosystem’ of New York’s Tech Valley has put the Capital Region on the world stage over the last two decades. Billion dollar investments in industry, technology, and education, all within the Colonie Center trade area, have proved time and again to be an investment worth making.
THE COLLEGE OF NANSCALE SCIENCE AND ENGINEERING (CNSE)Over the last year CNSE has partnered with companies such as the M+W Group, Mitsubishi Chemical, Hitachi Chemical, Akrion Solar and IBM Research to bring billions in funding, jobs and innovation to the region.
GENERAL ELECTRIC (GE) With roughly 7,000 employees in the Capital Region, GE has had a foothold in tech valley for over a century. Recently GE has invested more than $400 million to expand its Albany-area footprint with its health care, battery and renewable energy businesses.
GLOBALFOUNDRIES / FAB 8Recently acquiring IBM’s chip factories in Vermont and New York, GlobalFoundries is now the largest semiconductor manufacturer in the northeastern United States. The Malta, NY plant employees 2,200 people and is expanding as part of a $10 billion project which includes a partnership with Samsung.
BET ON USthe capital region is a winning destination
STEPHEN A. CASSELLAPermanent LeasingClifton Realty Management17 Woodcliff DriveMadison, NJ 07940C [email protected]
WILLIAM L. CAPPELLETTIPermanent LeasingClifton Realty Management333 West Washington Street - Suite 600Syracuse, NY 13202C 315.200.1874 | F [email protected]
CYNTHIA CZECH Vice PresidentSpecialty Leasing and Business Development100 North Sepulveda Boulevard Suite 1925El Segundo, CA 90245C [email protected]
MARIE BELLINO Specialty LeasingColonie Center131 Colonie CenterAlbany, NY 12205O 518.459.9020 ext. 227C 518.466.9590mbellino@coloniemanagement.comwww.shopatcoloniecenter.com
COLONIE CENTERVIRTUAL TOURClick on the button above to be taken on a virtual tour of Colonie Center. The tour includes both the first and second levels as well as exterior views and 360° access.
JASON OLSENPermanent LeasingClifton Realty Management358 B North BroadwayHicksville, NY 11801C [email protected]