frandor mall...2019/02/07 · frandor mall is a lansing ‘retail bullseye’ bordered by us-127,...
TRANSCRIPT
FRANDOR MALLL A N S I N G , M I C H I G A N
38500 Woodward Ave., Suite 200 Bloomfield Hills, MI 48304 P| 248.737.7110 www.lormaxstern.com
Presented By: Andrew Luckoff [email protected]
KEY FAC TS
Frandor Mall is a Lansing ‘retail bullseye’ bordered by US-127, the intersection of
Saginaw Street and Grand River, and Michigan Avenue. Originally opening in 1955,
Frandor holds an unofficial landmark status as one of the most established shopping
Centers in Michigan. As part of the retail fabric of Greater Lansing, located just
blocks away from Michigan State University (50,351 students), Frandor remains one
of Lansing’s busiest shopping Centers.
DEMOGRAPHICS 2018
38500 Woodward Ave. Suite 200 Bloomfield Hills, MI 48304 P| 248.737.7110 www.lormaxstern.com
LOCATIONUS-127 & Mich igan AvenueLans ing , MI 48912
AVAILABIL ITY975 S .F. - 10 ,388 S .F.
MA JOR TENANTSHomeGoods, TJ Maxx, Kroger, Michaels, Jo-Ann, Petco, World Market, Party City, & Guitar Center.
TRAFFIC COUNTS- 2016W. Saginaw Avenue (BUS-69):
59,100 VPD- at Frandor Avenue
US-127:
58,300 VPD- N. of W. Saginaw St.
72,200 VPD- S. of W. Saginaw St.
Radius Average Income Population Household Persons
3 Mile $60,397 102,404 2.21
5 Mile $64,104 183,765 2.22
7 Mile $69,583 274,558 2.29
Frandor Mall L A N S I N G , M I C H I G A N
When Frandor opened in 1955, downtown
Lansing had always been the place to shop.
However, people caught on quickly to the
idea and convenience of Frandor Mall. It was
one of the first retail destinations outside of a
downtown setting in the Midwest.
Through the years Frandor has undergone many
modifications to keep up with the changing
retail trends. Frandor became an enclosed
mall in the 1970’s and was ‘de-malled’ into an
open-air center in the late 1990’s. The Center
continues to thrive after 60+ years of business
due to its strategic Lansing location. Located
at the junctions of US-127 and Saginaw
Highway, within walking distance of Michigan
State University, Frandor continues to be a
convenient retail destination for residents and
students. Today Frandor is home to Kroger, World
Market, HomeGoods, Petco, Party City,
and Guitar Center. It is one of few Centers
to successfully support both JoAnn and
Michael’s. In addition, TJ Maxx and Kirkland’s
joined the strong line up. Retail and food uses
do extremely well at Frandor. Panera Bread has
expanded three times and World Market is one
of only five stores in the state. Frandor offers
its patrons convenience and ease of access
while its retailers benefit from the consistent
traffic flow as a result of its central location in
Lansing.
38500 Woodward Ave. Suite 200 Bloomfield Hills, MI 48304 P| 248.737.7110 www.lormaxstern.com
Frandor Mall L A N S I N G , M I C H I G A N
LANSING POSIT IONING
CENTRAL MICHIGAN LOCATION
Frandor Mall L A N S I N G , M I C H I G A N
38500 Woodward Ave., Suite 200 Bloomfield Hills, MI 48304 P| 248.737.7110 www.lormaxstern.com
38500 Woodward Ave., Suite 200 Bloomfield Hills, MI 48304 P| 248.737.7110
Go to our website for more information about our properties: www.lormaxstern.com
S ITE PLAN:
Allen ParkBangor Twp.Battle Creek Bay CityCantonDetroitEvergreen ParkFlintGrand RapidsGreen Oak Twp.Gross PointeLansingLincoln ParkLivoniaNorthville Twp.Orion Twp.PetoskeyPlainfield Twp.RosevilleShelby Twp.WestlandWyoming
MICHIGANI LL INOIS
MISSISS IPP I
Tallahassee
Hattiesburg
Evergreen Park
D E V E L O PM E N T C OM P A N Y , L L C
38500 Woodward Ave., Suite 200 Bloomfield Hills, MI 48304 P| 248.737.7110
Lormax Stern Development Company’s earned a national reputation for the development of outstanding shopping centers- producing higher than average sales for retailers in their developments. Through strategic acquisition of premium locations, Lormax Stern’s Centers, of the highest quality and prominence, outshine competitors in existing markets. The Company works closely with communities to ensure long-term benefits and maintains a track record of “getting the job done.”
LORMAX STERN OWNS AND OPERATES OVER 25 SHOPPING CENTERS AND IS HOME TO THE TOP NAMES IN RETAIL:
Go to our website for more information about our properties: www.lormaxstern.com