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8
LEE, MASSACHUSETTS
Transcript

LEE, MASSACHUSETTS

PROPERTY OVERVIEW

LEE PREMIUM OUTLETSLEE, MA

LEEPREMIUM OUTLETSLEE, MA

Information as of 5/1/19. Source: SPG Research; trade areademographic information per STI: PopStats (2018).

LOCATION / DIRECTIONS

Lee Premium Outlets is located off of I-90 (MA Turnpike).

From NY: Rte. I-90 (MA Turnpike) east to Exit 2 in Lee, MA

From MA and CT: Rte. I-90 (MA Turnpike) west to Exit 2 in Lee, MA

From Berkshire County: Rte. 20E in Lee, MA

MAJOR ATTRACTIONS

Tourists visit the Berkshires year round for scenic beauty, most notablyfall foliage, but also for adventure-based recreation, world-renownedcultural attractions, shopping, and New England charm. The Berkshiresis home to top-ranked Canyon Ranch Resort and Cranwell Resort Spa& Golf Club. Other musical and art related regional attractions includeNorman Rockwell Museum, Tanglewood (the summer home of the BostonSymphony Orchestra), Massachusetts Museum of Contemporary Art, andThe Clark Art Institute.

TOURISM / TRAFFIC

The center is located at the gateway to the scenic rolling hills of theBerkshires. This Western MA cultural hub and affluent vacation locale,Albany, NY; and Hartford, CT. This region’s wealthy population baseincludes 3.8 million people within 60 miles. This outlet destinationis tax-free on clothing and shoes under $175, and is convenientlypositioned just off Exit 2 of the Massachusetts Turnpike. With a trafficcount of 55,000 vehicles passing the center daily, it draws millions ofannual domestic, Canadian, and international visitors, which makes itBerkshire County’s most popular attraction.

SELECT TENANTS

Aéropostale, American Eagle Outfitters, Ann Taylor Factory Store, BananaRepublic Factory Store, Brooks Brothers Factory Store, Calvin KleinCompany Store, Coach, Gap Outlet, Guess Factory Store, J.Crew Factory,Lindt Chocolate of Switzerland, Michael Kors Outlet, Nautica, NikeFactory Store, Polo Ralph Lauren Factory Store, Sunglass Hut, TommyHilfiger Company Store, Under Armour

MAJOR METROPOLITAN AREAS

Albany, NY: 44 milesSpringfield, MA: 42 miles

RETAIL

GLA (sq. ft.) 225,000; 60 stores

OPENING DATES

Opened June 1997

PARKING RATIO

4.8:1

RADIUS POPULATION

15 miles: 92,58030 miles: 356,95345 miles: 1,876,394

60 miles: 3,844,084

AVERAGE HH INCOME

30 miles: $81,020

®

OTHER RETAIL

425,000 sf 44 miles / 67 minutesThe Shoppes at Farmington ValleyCanton, CT

Barnes & Noble, Dick's Sporting Goods,Kohl's

79,000 sf Gap, Victoria's Secret 46 miles / 70 minutesAvon MarketplaceAvon, CT

1,700,000 sf 50 miles / 49 minutesCrossgates MallAlbany, NY

Lord & Taylor, Macy's, JCPenney,Dicks Sporting Goods

435,000 sf Dick's Sporting Goods, JCPenney, Target 54 miles / 58 minutesHampshire MallHadley, MA

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

The Outlets at Lake GeorgeLake George, NY 300,000 sf

L.L.Bean, Levi's, LOFT Outlet, Polo Ralph Lauren Factory Store 101 miles / 2 hours

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Berkshire MallLanesborough, MA

Holyoke Mall at InglesideHolyoke, MA

1,600,000 sf

670,000 sf Regal Cinemas, Target

JCPenney, Macy's, Target

17 miles / 31 minutes

38 miles / 39 minutes

Clinton Crossing Premium OutletsClinton, CT

®

276,000 sfSaks Fifth Avenue OFF 5TH, Nike Factory Store,Polo Ralph Lauren Factory Store 105 miles / 2 hours

Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG).

60 Columbia Road Building B 3rd Floor Morristown, NJ 07960 (973) 228-6111 premiumoutlets.com


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