mequon development land - loopnet...colliers international p. 1 +1 414 278 6833 development...

MEQUON DEVELOPMENT LAND | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 1

Development Opportunity

Offering Memorandum For Sale | Mequon Development Land

Mequon Development Land

PRESENTED BY:

JOE ELDREDGE

MOBILE +1 262 443 8839

EMAIL [email protected]

MARK A. SCHNOLL

DIRECT +1 414 278 6833

EMAIL [email protected]

W Mequon RdW Mequon RdW Mequon Rd

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Table of Contents

> OPPORTUNITY SUMMARY Property Highlights ................................................................................ 4 Property Photographs ........................................................................... 5

> PROPERTY INFORMATION

Physical Description .............................................................................. 7 Property Aerial ...................................................................................... 8

Area Map ............................................................................................... 9 Regional Map ......................................................................................... 10

Zip Code Map......................................................................................... 11

Draft CSM Map ...................................................................................... 12

Floodplain Map ...................................................................................... 13

> AREA OVERVIEW

City of Mequon....................................................................................... 15

Demographics ........................................................................................ 17

> APPENDIX

Colliers | Wisconsin Retail Report - Q1 2015

MEQUON DEVELOPMENT LAND | OFFERING MEMORANDUM COLLIERS INTERNATIONAL

> Opportunity Summary

COLLIERS INTERNATIONAL




Property Highlights

OPPORTUNITY SUMMARY

On behalf of the City of Mequon, Colliers International | Wisconsin is pleased to

exclusively present to investors/developers the opportunity to acquire a prime

± 13.420 acre parcel of land located within the Town Center corridor in pres-

tigious Mequon, WI. Mequon is home to the second and third wealthiest zip

codes in Southeastern Wisconsin with a median household income of $102,699

and an average household income of $160,948.

The subject property is located along busy Highway 167 (West Mequon Road)

within TID #3. This district is zoned TC (Town Center) with a master plan

calling for a high quality mixed-use town center. One of the first major town

center developments located within TID #3 is nearly complete. Mequon Town

Center, immediately east of the subject property, is a mixed-use development

featuring 36,000 SF of retail and commercial space with a 28 unit high-end

apartment. Tenants at Mequon Town Center include Colectivo Coffee, Café

Hollander, The Ruby Tap, Elements Massage and more.

± 13.420 Acre Subject Property

Mequon Town Center

> Purchase Price

$1.00 (One Dollar)

> Development Preferences Mixed-Use > Commercial > Multifamily Regional/Local Chains No Big-Box Retail Pedestrian-Oriented Urban Feel

> Proposal Date

All development proposals are due no later than 5:00 pm CST on Friday, Septem-ber 18th, 2015.

Highway 167 facing west along southern portion of subject property.

Outpost Natural Foods

Spectrum Investment


Offering Guidelines

Colliers International is exclusively marketing the ±13.420 acre city-owned parcel to a select group of qualified

developers. The prospective purchaser will be selected by Seller in consultation with Colliers on the basis of:

1) Intended plans/use for the property

2) Financial strength of purchaser

3) Reputation/past performance within the industry

4) Feasibility and probability of project completion

5) Resulting end effect for City

Offers are due by 5:00pm CST on Friday, September 18th, 2015. The City reserves the right to select a

successful developer upon their initial submitted proposal; however it is the City’s intention to select a group of

developers to proceed to a final and best round of proposals. Upon selection of the final and best participants,

Purchaser shall have the opportunity to meet with the City to present their proposal in anticipation of final selection.

Additional details on timing of the final and best process will be communicated after review of initial offers.

Please contact the brokerage team for additional information or questions.

JOE ELDREDGE MARK A. SCHNOLL

Vice President | Wisconsin Partner | Wisconsin

414.278.6825 414.278.6833

[email protected] [email protected]

Colliers International | Wisconsin

1243 North 10th Street, Suite 300

Milwaukee, Wisconsin 53205

+1 414 276 9500 main | +1 414 276 9501 fax

OPPORTUNITY SUMMARY

mailto:[email protected]

mailto:[email protected]


> Property Information





Physical Description

PROPERTY INFORMATION

> ADDRESSES 6200 & 6300 W Mequon Rd

11300 & 11350 Buntrock Ave

11352 Buntrock Ave (50’ rear portion only)

> TOTAL SITE AREA ± 13.420 Acres

> EXISTING BUILDINGS To be demolished by Buyer

> PARCEL NUMBERS 14-050-02-01-001 (to be divided)

14-050-02-02-001

14-022-15-003.00 (50’ rear portion only)

> ZONING TC Town Center District

The Town Center (TC) District is established to preserve and enhance the unique character of Mequon’s Civic Campus, to create a gateway to the Mequon-Thiensville Town Center, establish and promote pedestrian character, protect the natural environment and improve visual and physical access to the Milwaukee River, mitigate the impacts of vehicular traffic, establish and maintain small, neighborhood-scale mixed uses including a broad range of housing type at densities that support the Town Center businesses, and encourage high quality design standards throughout the Town Center.

> TID All parcels are part of Tax Incremental District No. 3 known as the Town Center, a mixed-use district adopted in 2008. The TID must close by 2028.

Overview of general area including 13.420 acre subject property, Mequon Public Safety Building (not included) and Fromm Family Corporate Office (not included).

Mequon Public Mequon Public Mequon Public Safety BuildingSafety BuildingSafety Building

Fromm Family Fromm Family Fromm Family Corporate OfficeCorporate OfficeCorporate Office


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Property Aerial



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MMM---T Weyenberg T Weyenberg T Weyenberg LibraryLibraryLibrary

Mequon Mequon Mequon Community ParkCommunity ParkCommunity Park

Mequon Public Mequon Public Mequon Public Safety BuildingSafety BuildingSafety Building

Fromm Family Fromm Family Fromm Family Corporate OfficeCorporate OfficeCorporate Office

The 13.420 acre parcel is located just west of N Cedarburg Rd, one of the main arterial roads in Mequon which runs

along the Milwaukee River. The subject property is bordered on the south by Highway 167 (W Mequon Rd), N

Buntrock Ave to the west and east by the Canadian Pacific Railway, the Ozaukee Interurban Trail and the City of

Mequon Civic Campus which includes City Hall, Logemann Community Center, city pool, park and library.. Along the

northern edge of the property sit two single family houses. Additionally, there is large English Tudor along the

western portion of the subject property. Approximately 50’ of the rear portion of this parcel (14-022-15-003.00)

would be included as part of the subject property.


Area Map


The 13.420 acre parcel is located just west of N Cedarburg Rd, one of the main arterial roads in Mequon which runs

along the Milwaukee River. The subject property is bordered on the south by Highway 167 (W Mequon Rd), N

Buntrock Ave to the west and east by the Canadian Pacific Railway. Along the northern edge of the property sit two

single family houses. Additionally, there is large English Tudor serving as the Fromm Family Corporate Office along

the western portion of the subject property. Approximately 50’ of the rear portion of this parcel (14-022-15-

003.00) would be included as part of the subject property.


Regional Map


Lake Michigan

MilwaukeeMilwaukeeMilwaukee

Milwaukee: 17 Miles

The community of Mequon is very well located in Southeastern Wisconsin. The City sits in Ozaukee county near the

borders of Milwaukee and Washington Counties. Mequon’s proximity along Interstate 43 provides for excellent ac-

cess to the City and surrounding communities, including the City of Milwaukee which is located just 17 miles south of

Mequon and General Mitchell International Airport (21 miles). Additionally, Highway 167 serves as a connector high-

way between Interstates 41 and 43, further driving traffic through the City and directly pass the subject property.

General Mitchell International Airport


Zip Code Map


The subject property is located within the third wealthiest

Milwaukee-area zip code (53092) and just next to the sec-

ond wealthiest (53097). The 2014 average net worth for

53092 was $877,261 with an average household income of

$152,325 This zip code has a median home value of

$326,236.

WEALTHIEST MILWAUKEE-AREA ZIP CODES

53097 (#2) 53092 (#3)

Post Office/City Mequon Mequon/Thiensville

Average Household Net Worth $847,732 $877,261

Avg. Household Income $134,849 $152,325

Median Home Value $310,886 $326,236


Draft CSM



Floodplain Map


As currently defined in the City of Mequon Floodplain Map, the subject property is not

located within a floodplain.



> Area Overview



City of Mequon

Located on the western shores of Lake Michigan just north of Milwaukee, the City of Mequon boasts majestic bluffs, stately homes, high-end developments and expansive open space. The community enjoys many parks, five golf courses, the winding Milwaukee River and easy access to the interstate system for a convenient commute to Milwaukee. Mequon's rural heritage is preserved by high development standards and low-density zoning regulations. Mequon has one of the lowest crime rates and one of the lowest tax rates in the Metropolitan Milwaukee area. The award winning K-12 school system is ranked as the top public school system in Wisconsin. Prime healthcare facilities and services are readily available throughout the City and include Columbia St. Mary's Hospital and Aurora Health Care. Mequon is also a business-friendly community with over 300 businesses and an industrial park with small and mid-sized firms as well as large firms like Rockwell Automation.

AREA OVERVIEW

MAJOR EMPLOYERS (listed alphabetically)

Employer Industry

Columbia St. Mary’s Hospital General Medical & Surgical Hospitals

Concordia University Colleges & Universities

Drug Treatment Helpline Human Rights Organization

HB Performance Inc Motor Vehicle Brake System Mfg

Mequon-Thiensville School District Elementary & Secondary Schools

Kleen Test Products Corp Polish & Other Sanitation Goods Mfg

Megamart Supermarkets & Other Grocery Stores

Metro Market Supermarkets & Other Grocery Stores

Milwaukee Area Technical College Colleges & Universities

River Club Country Maintenance Admin Management Consulting Services

Rockwell Automation Other Technical Consulting Services

Strategem Inc Custom Computer Programming Services

Telsmith Inc Construction Machinery Mfg


City of Mequon (cont.)

EDUCATION

Mequon is home to an award-winning high school, Homestead High School. In 2009, Homestead was ranked by BusinessWeek as Wisconsin’s top high school. Mequon is also home to several higher education institutions. Concordia University of Wisconsin, a private Lutheran-affiliated college, is the largest university in Mequon with nearly 8,000 students enrolled annually. The university offers 78 undergraduate majors and minors as well as 17 graduated programs, eight accelerated adult education programs and three doctoral/professional programs. Concordia has 10 classroom centers on its 192-acre campus overlooking Lake Michigan. Mequon also contains the northern campus of the Milwaukee Area Technical College with an enrollment of nearly 6,000 students. TRANSPORTATION

Highways > Interstate Highway 43

State Highways 57, 167, and 181

County Highway W Public Transit

Ozaukee County Transit offers Ozaukee County Express bus service along I-43 and

Shared-Ride taxi service throughout the county (www.ozaukeetransit.com)

The Milwaukee County Transit System offers bus service to MATC and Concordia University (www.ridemcts.com). Air Commercial airline service is available at:

Milwaukee’s General Mitchell International Airport (27 miles south) Chicago O'Hare International Airport (95 miles south)

Rail Area rail freight service is provided by Canadian National Railway and Union Pacific Railroad. Passenger rail service, provided by Amtrak, is available at the Milwaukee Intermodal Station, 18 miles south. Water

Port of Milwaukee (21 miles south)

AREA OVERVIEW


Demographics

AREA OVERVIEW

POPULATION City of Mequon Ozaukee County

2015 Est. Total Population 23,220 87,068

2018 Projected Total Population 23,451 87,758

2010 Census Population 23,134 86,395

2000 Census Population 21,911 82,316

Projected Annual Growth 2015 to 2020 0.2% 0.2%

Historical Annual Growth 2000 to 2015 0.4% 0.4%

HOUSEHOLDS City of Mequon Ozaukee County

2015 Est. Households 8,902 35,366

2018 Projected Households 9,219 36,550

2010 Census Households 8,639 34,228

2000 Census Households 7,938 30,856

Projected Annual Growth 2015 to 2020 0.7% 0.7%

Historical Annual Growth 2000 to 2015 0.8% 1.0%

INCOME (2015 EST.) City of Mequon Ozaukee County

HH Income $200,000 or More 20.1% 9.1%

HH Income $150,000 to $199,999 9.9% 7.2%

HH Income $100,000 to $149,999 21.4% 18.3%

HH Income $75,000 to $99,999 11.9% 14.6%

HH Income $50,000 to $74,999 12.5% 16.6%

HH Income $35,000 to $49,999 8.9% 12.9%

HH Income $25,000 to $34,999 6.3% 8.0%

HH Income $15,000 to $24,999 4.6% 7.5%

HH Income Under $15,000 4.3% 5.7%

Average Household Income $160,948 $104,627

Median Household Income $102,699 $73,924

Per Capita Income $61,908 $42,625

Average Household Net Worth $942,038 $708,304

23,220 Population

8,902 Households

$102,699 Med. Household Income

$942,038 Avg. HH Net Worth

City of Mequon


Demographics (cont.)

Source: Regis

AREA OVERVIEW

OCCUPATION (2010 ACTUAL) City of Mequon Ozaukee County

Mgmt, Business, & Financial Ops 23.7% 19.1%

Professional, Related 28.5% 23.2%

Service 10.4% 14.1%

Sales, Office 27.3% 26.1%

Farming, Fishing, Forestry 0.1% 0.6%

Construction, Extraction, Maint. 3.8% 5.3%

Production, Transport, Material Moving 6.3% 11.6%

White Collar Workers 79.4% 68.4%

Blue Collar Workers 20.6% 31.6%

CONSUMER EXPENDITURE (2015 EST.) City of Mequon Ozaukee County

Total Household Expenditure $889 M $2.57 B

Apparel $31.3 M $89.6 M

Contributions, Gifts $72.6 M $189 M

Education, Reading $40.8 M $106 M

Entertainment $50.8 M $145 M

Food, Beverages, Tobacco $129 M $383 M

Furnishings, Equipment $32.2 M $90.6 M

Health Care, Insurance $73.6 M $220 M

Household Ops, Shelter, Utilities $274 M $793 M

Miscellaneous Expenses $12.5 M $37.1 M

Personal Care $11.3 M $33.1 M

Transportation $161 M $479 M

$889 M Total Household Expenditure

79.4% White Collar Workers



> Appendix


Research & Forecast Report

Metro Milwaukee | Retail First Quarter 2015

As 2015 progresses, the retail sector has

responded aggressively. Despite the growing

popularity of online sales, the inventory-to-sell ratios

of brick and mortar retailers are at their strongest

levels in years. The introduction of numerous new

developments in the marketplace is exciting not only

for retail, but all aspects of real estate as several new

“lifestyle” developments have commenced in Q1.

These rental communities will allow their tenants to

live a convenient lifestyle including restaurants,

shopping and grocery stores all within walking

distance.

Ideal small tenant spaces are at a premium right now

because most tenants would prefer end cap space

for the best visibility and accessibility. This, of course,

is nothing new. We are seeing high valued

neighborhood storefront space emerging within the

aforementioned new mixed use developments with

high density, multi-story apartments in markets like

Shorewood, Wauwatosa, Mequon, Oak Creek and

Grafton. Even with these dynamic trends, the first

quarter statistics read conservative when interpreted

on a national level.

Retail off to a Strong Start Research | Metro Milwaukee

Q1 2015

ECONOMIC INDICATORS

OFFICE USING JOBS

WISCONSIN UNEMPL.

METRO MKE UNEMPL.

MIDWEST UNEMPL.

NATIONAL UNEMPL.

190,450

5.6%

4.8%

5.1%

5.5%

Source: US Bureau of Labor Statistics

Quarter

to Quarter Year Over

Year

The real estate market is shifting. The market is

finally seeing prerecession numbers, even though

consumers are behaving more conservatively than

they once did prior to 2008.

Although retail sales were off to a slower than

expected start, food and beverage has seen a 7.7%

increase from March of last year. Retailers are

holding tight for the ripple effect of gas prices to be

felt nationwide.

> >

The public sector is on track for billions in upgrades to

infrastructure in metro Milwaukee. We will see an

increase in road construction as the initial highway

designs become outmoded and worn out.

The retail sector looks optimistic for metro Milwaukee.

Nationally, we have seen a slower than predicted start

for 2015. Millennials are paving the way for downtown

developments as they prefer convenience for their

restaurant and shopping needs. As millennials age,

the industry will start to see retail develop in more

concentrated areas that will allow consumers to eat,

sleep and shop all within a short distance of each

other.

> >

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2

Retail Sales

The most recent number released shows moderately dampened

retail activity nationwide. It has been reported that sales are

down 0.5% since the beginning of the year. This decline could

partially be attributed to harsh climate conditions across the

country in February combined with shipping delays at west coast

ports due to labor issues. The decline goes against what had

been predicted with lower gas prices, but it is still anticipated the

benefits of fuel savings will still be felt in the retail sector down

the road.

On a macro level, consumer spending is back to pre-recession

numbers and retailers are excited about this. Although there is a

bit more caution in everyone’s step, consumer debt is slowly

growing because of their spending and borrowing habits. We are

seeing a trend with key players in the market that entails fewer

SKUs with deeper inventory. Retailers are hoping that this will

create a sense of urgency with consumers encouraging a “here

today, gone tomorrow” mentality.

Grocery Store Competition

The big news this quarter has been food store segment

activity with anticipation of new grocers expanding or

preparing to operate in this already crowded market segment.

Wisconsin has seen significant commitment and expansion

with Meijer and Costco, not to mention a second Whole

Foods on the way, Sendik’s 2 Go starting up and probably

expanding the brand, and two Fresh Thyme markets under

construction. Traditional supermarkets like Roundy’s stores

have been strategizing to retain their market share. They

have reacted and are focusing on their price points,

increasing the shelf space of fresh and organic produce,

prepared foods and meats, and in some cases updating store

appearances with more attention focused on creating a

positive shopping experience.

While upscale grocers captured higher income consumers,

the big box sector gained market share by appealing to the

cost-conscious customer and basing prices at a lower

price/unit. This has also brought challenges for traditional

supermarkets resulting in declining sales. Where a consumer

could once purchase an item for a fraction of a specialty

grocer, big box stores are now offering the same item at an

even lower cost. As many critics see traditional grocery stores

are in jeopardy with the infiltration of big box stores, Roundy’s

is working to stay ahead of the curve, including the

construction of a new Metro Market in Shorewood, a shifted

emphasis on branding in Wisconsin and continued focus on

growth of Mariano’s in Chicagoland.

2015 Retailer Expansions

1. Dollar General- 700 Stores

2. Forever 21- 470 Stores

3. Dunkin’ Donuts- 410 Stores

4. Dollar Tree- 375 Stores

5. Family Dollar- 375 Stores

6. Tim Hortons- 300 Stores

7. O’Reilly Auto Parts- 200 Stores

8. Dick’s Sporting Goods- 105 Stores

9. Hobby Lobby- 101 Stores

10. Men’s Warehouse-100 Stores

Source: MSN: Money

2015 Retail Closures

1. Radioshack- 1,500-2,400 Stores

2. Family Dollar- 500 Stores

3. Office Depot- 400 Stores

4. Sears- 235 Stores

5. Staples- 225 Stores

6. Aeropostale- 126 Stores

7. Abercrombie & Fitch- 60 Stores

8. JC Penney- 40 Stores

9. Macy’s -14 Stores

10. Barnes & Noble – NA

Research & Forecast Report | Quarter 1 2015 | Metropolitan Milwaukee | Colliers International

Sale Activity

BUILDING(S) CITY SUBMARKET BUYER SELLER SALE DATE PRICE PRICE PSF

20005 W Bluemound Rd Brookfield West IM Properties Menard, Inc 3/18/2015 $11,000,000 $22.96

20214 W Bluemound Rd Brookfield West IM Properties Marcus Corporation 3/18/2015 $8,400,000 $24.29

1280-1300 Brown St Oconomowoc West Wangard Partners Inc. Robert Yunker III LLC 01/12/2015 $4,200,000 $82.31

TOP 10

83

408

1080

648

150 71 85

14 167

93

0

200

400

600

800

1000

1200

Best Grocery Stores in the US

Source: Surveyed by Consumer Reports

Num

ber

of

Sto

res

3

Shopping Malls As consumers are searching for a more convenient

option for their shopping needs, we will begin to see

malls in metro Milwaukee shifting to bring a more

developed “lifestyle” space to their customers.

Mayfair

Mayfair Mall has created more upscale buzz with

expansions near the southeast section of the site. A

140,000 square foot, three story Nordstrom is being

constructed which has also driven new space and

opportunity for retailers in the connector from Nordstrom

to the existing mall. Also, a 24,000 square foot

Container Store will open in September and Nordstrom

will open in October 2015.

Brookfield Square

Construction is underway for phase one of Brookfield

Square’s expansion including 20,000 square feet of

restaurants and shopping. CBL & Associates Inc.

revealed their plans at the beginning of Quarter 1 and

unveiled major tenants we can expect to see in the new

developed space. These retailers include 3 restaurants

(Jason’s Deli, Blackfinn Ameripub and Mooyah Burger)

additional stores are expected to be announced in the

upcoming quarter.

The Shops at Grand Avenue

Recently sold in Q4 2014, there has been a lot of

speculation as to the development direction. Revitalizing

this mall has become key to the recovery of the

Wisconsin Avenue Corridor with the hopeful energy and

creativity of the new owners from New York.

Southridge Mall

The mall continues on a stable path since its renovation

in 2012-13. The trade area in general is challenging

because of the lack of available supply of space or land.

We are watching a new Steinhafels driven development with prime access on and off I-894 at 84th Street.

Research & Forecast Report | Quarter 1 2015 | Metropolitan Milwaukee | Colliers International

Bayshore Town Center

Old Navy is under construction occupying the old

Applebee’s location and more, while the Applebee’s

moved south to a new stand-alone building fronting Port

Washington Road. Bayshore will be seeing significant

change over the coming years with the anticipation of the redevelopment of the former Sears site.

Mayfair Southeast Expansion

Brookfield Expansion

Southridge

Brookfield Square

Mayfair

Bayshore

Grand Avenue

Mixed-Use Developments

We have seen a surge in mixed-use developments and

town centers throughout the metro Milwaukee market

and will continue to see this trend due to the

enhancements it is bringing to our communities.

The Mayfair Collection

Q1 has brought on new retailers joining HSA’s Mayfair

Collection (MC) which is just turning one year old. New

tenants and uses include Carhartt, Whole Foods, Home

Goods, a 140-room Hilton Homewood Suites hotel and

Bartolotta’s Restaurants including a modern diner, a

beer-themed pub and a casual French bistro. HSA has

now expanded this brand across Burleigh, recently

acquiring industrial space which will be converted into

premium retail. There are also 1,400 residential units to

be developed over the next 5 years on the northern

quadrant of the MC complex.

The Corridor- Brookfield

Irgens is including 140,000 square feet of retail at this

mixed use, 62 acre development, 870,000 square foot

development. Retail users announced so far include

Dick’s Sporting Goods and Marshall’s.

The Mayfair Collection

Rendering of the Mayfair Collection apartment development.

4 Research & Forecast Report | Quarter 1 2015 | Metropolitan Milwaukee | Colliers International

Rendering of The Corners Development

Drexel Town Square

The former 85 acre Delphi site at the southwest quadrant

of Drexel and Howell Avenue is poised to be a new

destination Downtown for the Oak Creek. Visitors and

businesses will benefit from the convenient location with

the recent Drexel interchange added to I-94. Drexel Town

Square will have approximately 848,000 square feet of

finished building space including retail, restaurant, office,

residential and a new library and city hall. Meijer will be the

primary anchor and there are at least two different high

density residential developments planned.

Drexel Town Square

The Corners at Brookfield

The Corners, a reportedly $200 million development,

will be a 750,000-square-foot lifestyle project including

retail, restaurant and apartment development on a 19-

acre site bounded by West Bluemound Road, North

Barker Road and I-94. The site was formerly occupied

by Marcus Theatres’ West Point Cinemas and Menards.

Retailers announced include a 140,000 square foot Von

Maur, 32,000 square foot Sendik’s Market,

Anthropologie, Lululemon Athletica, Benelux and

Collectivo to name a few. Project marketing is being

coordinated through Red Legacy and others.

The Corners

The Corridor- Brookfield

Copyright © 2015 Colliers International.

The information contained herein has been obtained from sources deemed reliable.

While every reasonable effort has been made to ensure its accuracy, we cannot

guarantee it. No responsibility is assumed for any inaccuracies. Readers are

encouraged to consult their professional advisors prior to acting on any of the

material contained in this report.

Sean Osborne

Sr. Vice President

Retail Group | Wisconsin

Direct +1 414 278 6841

[email protected]

Shayne Chelminiak

Associate Broker


Direct +1 414 278 6879

[email protected]

Russ Sagmoen

Vice President


Direct +1 414 278 6810

[email protected]

Don Zien

Sr. Vice President


Direct +1 414 278 6851

[email protected]

*Content contributor

Colliers International | Wisconsin

1243 N 10th Street

Suite 300

Milwaukee, WI 53205

TEL: 414 276 9500

FAX: 414 276 9501

United States: 140

Canada: 31

Latin America: 24

Asia: 39

Australia New Zealand: 160

Europe & Middle East: 108

$2.2 billion in annual revenue

1.7 billion sf under management

16,300 professionals and staff

RETAIL SERVICES | METROPOLITAN MILWAUKEE

Jennifer Cameron

Research Analyst

Direct +1 414 278 6801

[email protected]

0%

10%

20%

30%

40%

Unemployment Fuel Prices Financial MarketVolatility

Personal CreditAvailability &Debt Levels

Housing MarketChanges

Tax Increases

39%

7% 11%

18% 12% 12%

23% 26% 26%

14% 8%

4%

2014

2015

2015 Top Influencers of Consumer Confidence

2015 Expectations

This is undoubtedly one of the most exciting times in Wisconsin’s retail market. Retail demand and supply are unwavering,

and brokers are busy getting deals done. Trends are pointing in the direction of the boomers, and generation X/Y are driving

the retail sector, while developing the shopping experience according to the consumer. Communities and developers are

working in sync, and the public sector is on board with TIF incentives when the numbers make sense. In summary, we are in

exceptional times right now.

502 offices in 67 countries on 6 continents

RESEARCH

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CONFIDENTIALITY & DISCLAIMER STATEMENT

This Offering Memorandum contains select information pertaining to the business and affairs of the Property known as the 13.420 Acre City-Owned Land in

Mequon, WI. It has been prepared by Colliers International. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective

purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective

purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Colliers

International. The material is based in part upon information supplied by the Seller and in part upon financial information obtained by the Property sources it

deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness

or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should

make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum, you agree:

1) The Offering Memorandum and its contents are confidential;

2) You will hold it and treat it in the strictest of confidence;

3) You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental

to the interest of the Seller; and

4) By accepting this material, you are not entering into a co-broker relationship with Colliers or Seller. Neither Colliers nor Seller has any obligation to pay a

commission to outside brokers unless agreed to via a separate agreement.

Owner and Colliers International expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the

Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and

until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of 13.420 Acre City-Owned Land in Mequon, WI or in the future you discontinue such

negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection

with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no

event shall a prospective purchaser have any other claims against Seller or Colliers International or any of their affiliates or any of their respective officers,

Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale

of the Property.

Confidentiality

mequon development land - loopnet...colliers international p. 1 +1 414 278 6833 development...

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