dining, entertainment, & destination retail · ledonna spongberg +1 602 735 5640...
TRANSCRIPT
2425 - 2575 east camelback road | phoenix , az
DINING, ENTERTAINMENT, & DESTINATION RETAIL
LeDonna Spongberg+1 602 735 5640
Elaine Beeson+1 602 735 5529
LBA purchased The Esplanade in December of 2015 with a vision of creating a “collection” of some of the best restaurants and ameni-ties for office and residential tenants in Camelback Corridor trade area.
Originally built in the early 90’s, LBA envisioned taking what has consistently been the predominant office location in the state of Arizona to the next level with renovations of $12 million. These reno-vations will include the modernization of interior and exterior com-mon areas, making The Esplanade a premier location for communities and visitors to work and dine.
The renovations will also open up the opportunity for two jewel-box restaurant spaces with prominent visibility along camelback road as well as a state-of-the-art food hall concept as a unique amenity to the tenants, shoppers, and community.
T H E R E TA I L
T H E G O L D E N T R I A N G L E24 T H ST R E E T & CA M E L B AC K
ARIZONA BILTMORE RESORT
EMBASSY SUITES236 ROOMS
ESPLANADE IV±212,702 SF
ESPLANADE V±235,774 SF
ESPLANADE III±218,266 SF
ESPLANADE I±282,681 SF
ESPLANADE II±277,192 SF
748 ROOMS
OPTIMA BILTMORE700 UNITS
CAMELBACK CENTER±234,282 SF
ANCHOR CENTER±386,662 SF
24TH @ CAMELBACK±609,310 SF
NORTHERN TRUST BANK TOWER±299,499 SF
BILTMORE FINANCIAL CENTER±337,633
ESPLANADE PLACE56 UNITS
280 ROOMS
BILTMORE ESTATES / BILTMORE GREENS / BILTMORE HEIGHTS / BILTMORE TERRACE /
THE CLOISTERS
BILTMORE ATCAMELBACK
270 UNITS
B I LT M O R E FA S H I O N PA R K
The Esplanade is one million square foot of high-end office, dining, and destination retail located in one of the most lauded neighborhoods in the city of Phoenix; the Biltmore. This prestigious and sought-after location is known as the “Golden Triangle” of Arizona because it is home to the Valley’s highest percentage of Fortune 500 companies, the
economic heart of the State.
The new vision for The Esplanade will transform this already iconic address into a sophisticated dining, entertainment and retail destination that caters to the numerous professionals living and working in the area. The Esplanade benefits from proximity to over 52 high-end office buildings, as well as the prestigious Biltmore Fashion Park and affluent
neighborhoods like Biltmore, Arcadia and the Central Corridor.
W H E R E V I S I O N M E E T S V I TA L I T Y
T H E R E N OVAT I O N S
N E W C E N T R A L C O M M O N A R E A
C O M P L I M E N TA RY VA L E T
J E W E L - B O X R E S T A U R A N T S P A C E SO F F E R I N G L A R G E P A T I O S
C O N C E P T UA L F O O DH A L L PAT I O
N E W U P DAT E DL A N D S C A P I N G
• New modernized common areas
• Two jewel-box restaurant spaces along Camel-back Road consisting of ±5,223 sf and ±8,313 sf with large patios and a unique second-story patio
• Specialty food hall opportunity available
• Easier access from all entrances
• Additional free valet locations for more convenient parking
• More tenant amenities for office tenants and shoppers
SUITE: 101SF: ±1,498
TOWER V2555
TOWER IV2575
N
PROJECTCENTERSUITE: 108SF: ±472
AVAILABLESUITE: 107SF: ±551
BILTMORE FASHION PARK
THE CAMBY
ESPLANADE PLACECONDOMINIUMS
TOWER III2415
TOWER I2425
TOWER II2525
ESPLANADE LANE
CAMELBACK ROAD
AMCESPLANADE 14
PARKING
AVAILABLESUITE: 175
SF: ±10,054
IQ/PODCONFERENCING LOUNGE
SUITE: 50SF: ±7,328
SUITE: 40SF: ±2,307
LBA LEASINGOFFICESUITE: 30
SF: ±4,498
AVAILABLESUITE: 20
SF: ±1,133
SUITE: 24SF: ±3,604
AVAILABLESUITE: 18
SF: ±1,839
AVAILABLESUITE: 1
SF: ±8,914
AVAILABLESUITE: 102SF: ±1,051
SUITE: 103/104SF: ±1,314
SUITE: 101SF: ±1,498
OPTICALEXPRESSIONS
SUITE: 106SF: ±1,474
AVAILABLESUITE: 109/110
AVAILABLESUITE: 109/110
SF: ±8,313OFFICELOBBY MERC BAR
SUITE: 120SF: ±3,464
AVAILABLESUITE: 115/118
SF: ±5,223
OFFICELOBBY
AVAILABLESUITE: 130SF: ±1,011
BANKER’S TRISTSUITE: 136SF: ±6,826
MARTINO’SHAIR DESIGN
SUITE: 134SF: ±2,717
The Esplanade | Phoenix, AZ
24TH
STR
EET
26TH
STR
EETUPPER LEVEL PATIO
SF: 2,8241ST LEVEL PATIO
SF: 1,675
S I T E P L A N
E X I ST I N G E S P L A N A D E T E N A N T SNOT TO SCALE
The Camelback Corridor is an approximately three-mile stretch of high-end shopping destinations and upscale residential neighborhoods like Arcadia and Biltmore. The Corridor also features some of the densest daytime-business populations in Phoenix. The over 6 million square feet of nearby office space is home to a variety of commercial sectors including real estate, investment banking, legal services and law practices. The large daytime population is also thanks to the presence of several shopping centers including Biltmore Fashion Park, Towne and Country, Camelback Colonnade, Biltmore Plaza, Camelback East Shops, Arcadia Village, and Camelback Village Center.
CAMELBACK COLONADE
Bed Bath & BeyondBest buyCold Stone CreameryFamous FootwearJersey MikesLane BryantLone Star SteakhouseLast ChanceMarshalls
MichaelsOrangeTheory FitnessPetsmartPeir 1 ImportsStaplesT-MobileUlta BeautySmashburgerOld Navy
THE SHOPS AT TOWN & COUNTRY
Cafe RioChoice Pet MarketContainer StoreDunkin’ DonutsFedEx OfficeForever 21Grassroots KitchenHi Health
Hopdoddy BurgersLA FitnessMattress FirmNektar JuiceNordstrom RackOrvisPizzeria BiancoPotbelly
ZenreachMorgan StanleyNorthern TrustCresaColliers InternationalQPWB Law OfficeFennemore Craig
BILTMORE FASHION PARK
AppleArhausBCBGBlancoCA Pizza KitchenCHICO’SHYPOXIJ. CrewL’OCCITANELululemon AthleticaM.A.C. CosmeticsMacy’s Paradise Bakery
Pottery BarnRalph LaurenSaks Fifth AvenueSEPHORAStingray SushiThe Capital GrilleThe Cheesecake FactoryThe LimitedTrue Food KitchenWilliams-SonomaZinburger
BILTMORE PLAZA Wells FargoMatt’s Big BreakfastKeegansSafewayMexx 32Gelato SpotHava JavaMolina Fine JewelersMane AttractionStellaBank of America
ARCADIA VILLAGEGigi’s CupcakesCVS PharmacyBasking RobbinsUrgent CareSushi Urban Wax
CAMELBACK VILLAGE
AJ’s Fine FoodsFlower ChildCarters Mens’ ClothingAction FashionwearurbAnaKiss Me KateBank of AmericaAlixandria CollectionsStreets of New York
3900 CAMELBACK Shamrock FoodsThe Pain CenterCamelback HealthcareNova Home LoansEnterprise Bank
GreystarValley of the Sun UnitedDe Rito PartnersMutual of OmahaBerkshire Hathaway
CAMELBACK EAST SHOPS
First WatchTarbelsTomaso’s RestaurantThe Tavern WineThe UPS StoreVan’s Golf Shop
Jones Lang LaSalleJohnson BankMGA Employee ServicesPhoenix Commercial Adv.Vaco ArizonaTEK Systems
T H E CA M E L B AC K C O R R I D O R
NOT TO SCALE
FOX RESTAURANT CONCEPTS
BILTMORE FINANCIAL
±6,343,615square feet of office space
±3 0,000 employees converge daily
± 2 , 1 8 3
b u s i n e s s e n t i t i e s d r i v e a n atmosphere of thriving commerce
36.7 yearsAVERAGE AGE OF BILTMORE SHOPPER
$102,304AVERAGE HOUSEHOLD INCOME
B U S I N E S S D E M OS // T RA F F I C C O U N T S
±41 ,542
v e h i c l e s p e r d a yC a m e l b a c k e a s t & w e s t
±26,076
v e h i c l e s p e r d a y2 4 t h s t r e e t n o r t h & s o u t h
$422 ,691
estimated average home val-ue within one square mile
SOURCE: ESRI, CITY OF PHOENIX
D E M O G RA P H I C S
1 5 - M I N U T E R A D I U S
7 - M I N U T E R A D I U S
5 - M I N U T E R A D I U S
POPULATION 201687,083
POPULATION 202192,432
6.14% GROWTH
HOUSEHOLDS 201640,198
HOUSEHOLDS 202142,635
6.06% GROWTH
AVERAGE HH INCOME 2016$75,021
AVERAGE HH INCOME 2021$81,609
8.78% GROWTH
POPULATION AGES 25-34 201613,162
14.7% TOTAL POPULATIONMAJORITY AGE - 25-34
APPAREL SALES 2016 $373.4 MILLION
ALCOHOLIC BEVERAGES AWAY FROM HOME 2016
$94.7 MILLION & 94 INDEX
FOOD AWAY FROM HOME 2016 $572.2 MILLION & 94 INDEX
SERVICES | 20,662 EMPLOYEES 42.4% OF EMPLOYMENT POOL
RETAIL TRADE | 11,374 EMPLOYEES 23.3% OF EMPLOYMENT POOL
FINANCE/INSURANCE/RE | 10,500 EMPLOYEES 21.5% OF EMPLOYMENT POOL
SOURCE: ESRI
T H EN E I G H B O R H O O D
SOURCE: COSTAR
M A J O R E M P LOY E R S
Business Name Address City State Zip Employees
Banner Health 1441 N 12th St Phoenix, AZ 85006 7,713
Carl T Hayden Va Medical Center 650 E Indian School Rd Phoenix, AZ 85012 2,442
Phoenix Children's Hospital 1919 E Thomas Rd Phoenix, AZ 85006 2,399
Charles Schwab 2423 E Lincoln Dr Phoenix, AZ 85016 2,279
Maricopa Integrated Health Systems 2601 E Roosevelt St Phoenix, AZ 85008 2,000
John C Lincoln Health Network 250 E Dunlap Ave Phoenix, AZ 85020 1,354
Phoenix Indian Health Service 4212 N 16th St Phoenix, AZ 85014 1,200
CenturyLink 20 E Thomas Rd Phoenix, AZ 85012 985
State Farm Insurance 444 N 44th St Phoenix, AZ 85008 947
ISS Facility Svc 4811 N 7th St Phoenix, AZ 85014 876
Stream Global Services Inc 1801 E Camelback Rd Phoenix, AZ 85016 772
Semiconductor Components Industries 5005 E Mcdowell Rd Phoenix, AZ 85008 735
All Valley Home Health Care 7227 N 16th St Ste 125 Phoenix, AZ 85020 699
Cisco Systems Inc 2375 E Camelback Rd Phoenix, AZ 85016 691
Iasis Healthcare 1800 E Van Buren St Phoenix, AZ 85006 675
State Of Arizona Health Services 2500 E Van Buren Phoenix, AZ 85008 650
IBM Corporation 2929 N Central 4th Floor Phoenix, AZ 85012 509
3 MILE RADIUS
SOURCE: GPEC
LeDonna Spongberg+1 602 735 5640
Elaine Beeson+1 602 735 5529
FOR MORE INFORMATION CONTACT
© 2017 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. PMStudio_September2016